Ongoing shale gas developments are expected to drive the growth of United States directional drilling services market
According to TechSci Research report, “United States Directional Drilling Services Market By Type, By Service, By Technology, By Application, By Region, Forecast & Opportunities, 2025”, the United States directional drilling services market is expected to grow at a steady rate during the forecast period on account of the associated benefits such as flexibility, quicker installation with lower costs, lower geological abnormalities & soil contamination, minimum site restoration, among others. However, stringent regulatory policies can hamper the growth of market during forecast period. Additionally, growing focus on renewable energy can further restrict the growth of market.
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The United States directional drilling services market is segmented based on type, service, technology, application, company and region. Based on application, the market can be bifurcated into onshore and offshore. The onshore segment is expected to dominate the market over the coming years. This can be accredited to the high number of maturing onshore wells in the country. Additionally, increasing shale gas production in the US and well intervention activities in its shale basin are further expected to propel the market over the next five years.
Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, National Oilwell Varco, Inc., Gyrodata Incorporated, Scientific Drilling International, Leam Drilling Systems, LLC, Weatherford International Inc. and others are some of the leading players operating in United States directional drilling services market.
TechSci Research calculated the market size of United States directional drilling services market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Directional drilling services providers, vendors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to directional drilling services
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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United States directional drilling services market is expected to grow at a steady rate of during the forecast period. The United States directional drilling services market is driven by the increasing energy demand. Additionally, growing expenditure on the E&P activities is further anticipated to propel the growth of market during the next five years.
The United States directional drilling services market is segmented based on type, service, technology, application, company and region. Based on type, the market can be bifurcated into conventional and rotary steerable system. The rotary steerable system type is expected to register significant growth during forecast period attributable to the need for remote steering which provides improved trajectory control resulting in reduced drilling time and smoother well bores. Based on service, the market can be categorized into logging-while-drilling (LWD), measurement-while-drilling (MWD) & survey, motors (MUD Motors) and others. The measurement-while-drilling (MWD) & survey is expected to hold a significant market share during forecast period on account of the ability to continuously monitor wellbore and the real time directional survey of downhole conditions.
“United States directional drilling services market is expected to witness significant growth during the forecast period, owing to the emergence of tight oil and shale gas as an important and new source of energy in the country. Additionally, the technological advancements in drilling such as long-reach horizontal well bores and completion techniques such as multi-stage hydraulic fracturing and others are further projected to increase the adoption of this service in the country over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Major players operating in the directional drilling services market include Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, National Oilwell Varco, Inc., Gyrodata Incorporated, Scientific Drilling International, Leam Drilling Systems, LLC, Weatherford International Inc. and others.
“United States Directional Drilling Services Market By Type, By Service, By Technology, By Application, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States directional drilling services market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States directional drilling services market.
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