HOME Top Market Reports Directional Drilling Market by Applications (Onshore & Offshore), Services (Rotary Steerable Systems, LWD, MWD & Survey, Motors, Others), Types (Conventional & Rotary Steerable Systems), & Region - Global Forecast to 2019

Directional Drilling Market by Applications (Onshore & Offshore), Services (Rotary Steerable Systems, LWD, MWD & Survey, Motors, Others), Types (Conventional & Rotary Steerable Systems), & Region - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: EP 2969

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Directional drilling is a technique used in drilling non-vertical wells it can be completely horizontal, or at any specific angle. The demand for energy has been skyrocketing over the years, and on the contrary many of the existing reservoirs are depleting with time. This has raised the need for exploring new reservoirs. Such reservoirs are situated mainly in the offshore areas, which are hard to drill conventionally because of complex geologic structures. Directional drilling plays a vital role in drilling these kinds of structures. Furthermore, the production rate for directional wells is much higher than that of vertical wells.  Additionally, increasing investments in the oil and gas sector have brought stability to the horizontal directional drilling market. This has allowed manufacturers to continue research, de­velopment and investments in new technologies.

The global directional drilling market is segmented on the basis of its applications into onshore and offshore.  It is also segmented on the basis of services into rotary steerable systems (RSS), Logging While Drilling (LWD), Measurement While Drilling (MWD) and Survey, Motors and others*. Furthermore, the market is segmented on the basis of directional drilling types into conventional and rotary steerable directional drilling systems. Lastly, the market is segmented on the basis of geography into North America, Europe, Asia-Pacific, South America, the Middle East and Africa.  Each region is further segmented into its major countries and has been analyzed with respect to its market trends, growth, and future prospects vis-ŗ-vis the directional drilling market. The data has been analyzed over the period 2012 to 2019.

The global directional drilling market size is estimated to reach $29.11 billion by 2019. North America and Asia-pacific are the two major markets, contributing to more than 50% of the global market size. Major factors responsible for the growth of the directional drilling market include technological advancements, increasing energy demand, rising offshore drilling activities, and the upcoming shale gas revolution. The key concerns in the industry pertain to the fluctuating oil and gas price, decline in natural gas price in North America, and political as well as economic uncertainty in regions like Europe and Africa.

(*Others include Wellbore positioning, automated drilling systems, side tracking, well planning, hydraulics, torque and drag analysis.)

Directional Drilling Market Size (Value), 2012-2019 ($Million)

Directional Drilling Services Market

Source: MarketsandMarkets Analysis

The report classifies and defines the market size for the global directional drilling industry. It provides qualitative data about the directional drilling used in various applications. The report also contains a comprehensive review of major market drivers, restraints, opportunities, challenges, and key burning issues in the directional drilling market. Key players in the industry are profiled in detail with their recent developments. Some of these include Schlumberger (U.S.), Halliburton (U.S.), Gyrodata (U.S.), Weatherford (Ireland), and Baker Hughes (U.S.), among many others.

Scope of the Report:

The global directional drilling market is analyzed in terms of market size ($billion) for the aforesaid applications, services, types by regions.

  • By Geography
    • Asia-Pacific
    • North America
    • South America
    • Europe
    • Middle East
    • Africa
  • By Application
    • Onshore
    • Offshore
  • By Services
    • Rotary Steerable Systems (RSS)
    • Logging While Drilling (LWD)
    • Measurement While Drilling (MWD) & Survey
    • Motors
    • Others
  • By Types
    • Conventional
    • Rotary Steerable Systems

Table  of Contents 
 
1 Introduction (Page No. - 15)

    1.1 Objectives  of The Study
    1.2 Market Definition
            1.2.1 Logging While Drilling (Lwd)
            1.2.2 Measurement While Drilling (Mwd) & Survey
            1.2.3 Rotary Steerable System (Rss)
            1.2.4 Motors (Mud Motors)
            1.2.5 Others
    1.3 Study Scope
            1.3.1 Markets Covered
            1.3.2 Years
    1.4 Currency 
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
            2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
            2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown  of Primary Interviews
                    2.1.2.3 Key Insights  of Industry Experts
    2.2 Factor Analysis
            2.2.1 Demand Side Analysis
            2.2.2 Supply Side Analysis
    2.3 Market Size Estimation
    2.4 Market Breakdown And Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 26)
 
4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities In Directional Drilling Market
    4.2 By Market Ė Top Three Services Segments
    4.3 By Market In North America
    4.4 U.S. Dominated The Global Directional Drilling Market
    4.5 By Market: Rotary Steerable System
    4.6 Directional Drilling Services Market
    4.7 By Market: Developed Vs. Developing Nations

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Directional Drilling Market, By Applications
            5.2.1 Introduction
            5.2.2 Onshore Application
            5.2.3 Offshore Application
    5.3 Directional Drilling Market, By Services
            5.3.1 Introduction
            5.3.2 Mud Motors
            5.3.3 Logging While Drilling (Lwd)
            5.3.4 Measurements While Drilling & Survey
            5.3.5 Others
    5.4 Market Dynamics
            5.4.1 Drivers
                    5.4.1.1 Increasing Energy Demand
                    5.4.1.2 Huge Investments In Oil & Gas Exploration
                    5.4.1.3 Advancement In Drilling Technologies
                    5.4.1.4 Increasing Offshore Exploration Activities/Increasing Number  of Wells Drilled
                    5.4.1.5 Shale Gas Revolution
            5.4.2 Restraints
                    5.4.2.1 Fluctuating Crude Oil Prices
                    5.4.2.2 Decline In Natural Gas Prices In North America
                    5.4.2.3 Environmental Concerns And Oil Spills
                    5.4.2.4 Political And Economic Uncertainty In Europe And Africa
            5.4.3 Opportunities
                    5.4.3.1 Increase In International Spending
                    5.4.3.2 Domestic Gas Production Program In The Middle East
                    5.4.3.3 Arctic Drilling
            5.4.4 Challenges
                    5.4.4.1 Stringent Regulatory Policies
    5.5 Impact  of Market Dynamics

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porterís Five Forces Analysis
            6.3.1 Threat  of Substitutes
            6.3.2 Threat  of New Entrants
            6.3.3 Bargaining Power  of Buyers
            6.3.4 Bargaining Power  of Suppliers
            6.3.5 Degree  of Competition

7 Direction Drilling Market, By Services  (Page No. - 53)
    7.1 Introduction
    7.2 Rotary Steerable System (Rss)
    7.3 Logging-While-Drilling (Lwd)
    7.4 Measurement-While-Drilling (Mwd)
    7.5 Motors 
    7.6 Others

8 Directional Drilling Market, By Application (Page No. - 61)
    8.1 Introduction
    8.2 Onshore 
    8.3  offshore
    8.4 Regional Market Analysis, By Application
            8.4.1 North America
            8.4.2 Asia-Pacific
            8.4.3 Europe
            8.4.4 South America
            8.4.5 Middle East

9 Direction Drilling Market, By Type (Page No. - 70)
    9.1 Introduction
    9.2 Regional Market Analysis By Type
            9.2.1 North America
            9.2.2 South America
            9.2.3 Europe
            9.2.4 Asia-Pacific
            9.2.5 Middle East
            9.2.6 Africa
    9.3 By Region
            9.3.1 Conventional
            9.3.2 Rotary Steerable System

10 Directional Drilling Market, By Region (Page No. - 78)
     10.1 Introduction
     10.2 North America
               10.2.1 Market Analysis, By Service
               10.2.2 Market Analysis, By Country
                         10.2.2.1 United States (U.S.)
                         10.2.2.2 Canada
                         10.2.2.3 Mexico
     10.3 Asia-Pacific
               10.3.1 Market Analysis, By Service
               10.3.2 Market Analysis, By Country
                         10.3.2.1 China
                         10.3.2.2 Thailand
                         10.3.2.3 India
                         10.3.2.4 Indonesia
                         10.3.2.5 Australia
                         10.3.2.6 Malaysia
                         10.3.2.7 Central Asia
                         10.3.2.8 Others
     10.4 Europe
               10.4.1 Market Analysis, By Service
               10.4.2 Market Analysis, By Country
               10.4.2.1 Russia
               10.4.2.2 Norway
                         10.4.2.3 United Kingdom (U.K.)
                         10.4.2.4 The Netherlands
                         10.4.2.5 Others
     10.5 South America
               10.5.1 Market Analysis, By Service
               10.5.2 Market Analysis, By Country
                         10.5.2.1 Brazil
                         10.5.2.2 Argentina
                         10.5.2.3 Venezuela
                         10.5.2.4 Colombia
                         10.5.2.5 Ecuador
                         10.5.2.6 Others
     10.6 Africa
               10.6.1 Market Analysis, By Service
               10.6.2 Market Analysis, By Country
                         10.6.2.1 Angola
                         10.6.2.2 Egypt
                         10.6.2.3 Nigeria
                         10.6.2.4 Algeria
                         10.6.2.5 Others
     10.7 Middle East
               10.7.1 Market Analysis, By Service
               10.7.2 Market Analysis, By Country
                         10.7.2.1 Saudi Arabia
                         10.7.2.2  UAE
                         10.7.2.3 Iran
                         10.7.2.4 Qatar
                         10.7.2.5 Others

11 Competitive Landscape (Page No. - 115)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Scenario
     11.4 Recent Developments
               11.4.1 Contracts Awarded
               11.4.2 New Product/Service Developments
               11.4.3 Expansions
               11.4.4 Mergers & Acquisitions

12 Company Profiles (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*   (Page No. - 125)
     12.1 Introduction
     12.2 Baker Hughes Inc.
     12.3 Halliburton
     12.4 Nabors Industries Ltd.
     12.5 Schlumberger Limited
     12.6 Weatherford International Ltd.
     12.7 Calmena Energy Services
     12.8 Cathedral Energy Services
     12.9 Jindal Drilling & Industries Limited
     12.10 Key Energy Services
     12.11 National Oilwell Varco
     12.12 General Electric Oil & Gas
     12.13 Gyrodata
     12.14 Scientific Drilling International
     12.15 Leam Drilling Systems Llc

*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case  of Unlisted Companies. 

13 Appendix (Page No. - 168)
     13.1 Insights  of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing Rt: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
 
List Of Tables (74 Tables)   
 
Table 1 Offshore Rig Count Increases In 2013
Table 2 Impact Analysis Of Market Dynamics
Table 3 Directional Drilling Services Market Size, By Service, 2012-2019 ($Million)
Table 4 Rss Services Market Size, By Region, 2012-2019 ($Million)
Table 5 Lwd Services Market Size, By Region, 2012-2019 ($Million)
Table 6 Mwd Services Market Size, By Region, 2012-2019 ($Million)
Table 7 Motors Services Market Size, By Region, 2012-2019 ($Million)
Table 8 Other Directional Drilling Services Market Size, By Region,2012-2019 ($Million)
Table 9 Directional Drilling Market Size, By Application, 2012-2019 ($Million)
Table 10 Onshore Directional Drilling Services Market Size, By Region,2012-2019 ($Million)
Table 11 Offshore Directional Drilling Services Market Size, By Region,2012-2019 ($Million)
Table 12 North America: Directional Drilling Services Market Size, By Application, 2012-2019 ($Million)
Table 13 Asia-Pacific: Directional Drilling Services Market Size, By Application, 2012-2019 ($Million)
Table 14 Europe: By Market Size, By Application,2012-2019 ($Million)
Table 15 South America: By Market Size, By Application, 2012-2019 ($Million)
Table 16 Middle East: By Market Size, By Application, 2012-2019 ($Million)
Table 17 By Market Size, By Type, 2012-2019 ($Million)
Table 18 North America: By Market Size, By Type,2012-2019 ($Million)
Table 19 South America: By Market Size, By Type,2012-2019 ($Million)
Table 20 Europe: By Market Size, By Type,2012-2019 ($Million)
Table 21 Asia-Pacific: By Market Size, By Type,2012-2019 ($Million)
Table 22 Middle East: By Market Size, By Type,2012-2019 ($Million)
Table 23 Africa: By Market Size, By Type,2012-2019 ($Million)
Table 24 Conventional Directional Drilling Services Market Size, By Region,2012-2019 ($Million)
Table 25 Rotary Steerable System Directional Drilling Services Market Size,By Region, 2012-2019 ($Million)
Table 26 Directional Drilling Services Market Size, By Region, 2012-2019 ($Billion)
Table 27 North America: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 28 North America: Directional Drilling Market Size, By Country,2012-2019 ($Million)
Table 29 U.S.: Directional Drilling Market, By Service, 2012-2019 ($Million)
Table 30 Canada: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 31 Mexico: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 32 Asia-Pacific: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 33 Asia-Pacific: Directional Drilling Market Size, By Country,2012-2019($Million)
Table 34 China: Directional Drilling Market Size, By Service, 2012-2019 ($Million)
Table 35 Thailand: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 36 India: Directional Drilling Market Size, By Service, 2012-2019 ($Million)
Table 37 Indonesia: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 38 Australia: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 39 Malaysia: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 40 Central Asia: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 41 Others: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 42 Europe: Directional Drilling Market Size, By Service,2012-2019 ($Million)
Table 43 Europe: Market Size, By Country,2012-2019 ($Million)
Table 44 Russia:  Market Size, By Service, 2012-2019 ($Million)
Table 45 Norway: Market Size, By Service,2012-2019 ($Million)
Table 46 U.K.: Market Size, By Service, 2012-2019 ($Million)
Table 47 The Netherlands: Market Size, By Service,2012-2019 ($Million)
Table 48 Others: Market Size, By Service,2012-2019 ($Million)
Table 49 South America: Market Size, By Service,2012-2019 ($Million)
Table 50 South America: Market Size, By Country,2012-2019 ($Million)
Table 51 Brazil: Market Size, By Service, 2012-2019 ($Million)
Table 52 Argentina: Market Size, By Service,2012-2019 ($Million)
Table 53 Venezuela: Market Size, By Service,2012-2019 ($Million)
Table 54 Colombia:  Market Size, By Service,2012-2019 ($Million)
Table 55 Ecuador:  Market Size, By Service,2012-2019 ($Million)
Table 56 Others: Market Size, By Service,2012-2019 ($Million)
Table 57 Africa: Market Size , By Service, 2012-2019 ($Million)
Table 58 Africa: Market Size, By Country,2012-2019 ($Million)
Table 59 Angola: Market Size, By Service,2012-2019 ($Million)
Table 60 Egypt: Market Size, By Service, 2012-2019 ($Million)
Table 61 Nigeria: Market Size, By Service,2014-2019 ($Million)
Table 62 Algeria: Market Size, By Service,2012-2019 ($Million)
Table 63 Others: Market Size, By Service,2012-2019 ($Million)
Table 64 Middle East: Market Size, By Service,2012-2019 ($Million)
Table 65 Middle East:  Market Size, By Country,2012-2019 ($Million)
Table 66 Saudi Arabia: Market Size, By Service,2012-2019 ($Million)
Table 67  UAE: Size, By Services, 2012-2019 ($Million)
Table 68 Iran: Market Size, By Service, 2012-2019 ($Million)
Table 69 Qatar: Market Size, By Service, 2012-2019 ($Million)
Table 70 Others: Market Size, By Service,2012-2019 ($Million)
Table 71 Contracts Awarded, 2011-2014
Table 72 New Product/Service Launches, 2011-2014
Table 73 Expansions, 2011-2014
Table 74 Mergers & Acquisitions, 2011-2014

List  of Figures (53 Figures)  
 
Figure 1 Markets Covered: Directional Drilling Market
Figure 2 Directional Drilling Service Market: Research Design
Figure 3 Breakdown  of Primary Interviews: By Company Type, Designation & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Breakdown And Data Triangulation
Figure 7 Conventional Mud Motors Systems Is Gaining Momentum Towards Rotary Steerable Systems (Rss Evolution)
Figure 8 Rotary Steerable Systems Service Occupied The Largest Market In North America In 2013
Figure 9 North America And Asia-Pacific To Dominate Directional Drilling Market In Next Five Years
Figure 10 Directional Drilling Market Size, 2014 & 2019 ($Million)
Figure 11 Increased Drilling Activity Set To Spur Growth In Directional Drilling Market
Figure 12 Rss Services To Grow At The Highest Rate Among The Top Three Directional Drilling Services 
Figure 13 Lwd Services Captured The Lionís Share In The Booming North America Market
Figure 14 Lwd Services In Canada Are Expected To Hold The Largest Market Share By 2019
Figure 15 U.S. Commanded Nearly One-Fourth  of The Market
Figure 16 Lwd Services To Occupy The Largest Market In North America, 2019
Figure 17  offshore & Onshore Application  of Directional Drilling Services is Estimated To Occupy A Significant Market Share In Future
Figure 18 Middle East And Africa Show High Growth Potential
Figure 19 Market Segmentation: By Application, Type, Service, And Region
Figure 20 Increasing Demand For Energy Along With Advanced Technology Will Increase The Prevalence  of Directional Drilling Services 
Figure 21 Increase In Investments Creates Opportunities For Services Providers In 2013
Figure 22 Henry Hub Natural Gas Prices ($/MMBTU), 2008-2013
Figure 23 Natural Gas Production is Rising In The Middle East Countries
Figure 24 Value Chain Analysis
Figure 25 Porterís Five Force Analysis
Figure 26 Rss Service Dominates The Directional Drilling Market
Figure 27 Offshore Application Dominates The Directional Drilling Market
Figure 28 Increasing Offshore Drilling Drives The Directional Drilling In The Year 2013
Figure 29 Directional Drilling Market Share (Value), By Region, 2013
Figure 30 North America Directional Drilling Market Scenario, By Country, 2013
Figure 31 Asia-Pacific is Expected To Stood At Second Position In Directional Drilling Market 2014 & 2019
Figure 32 Companies Adopted New Product Launches As The Key Growth Strategy Over The Last Three Years
Figure 33 Directional Drilling Market Share (Value) Analysis, 2013
Figure 34 Market Evaluation Framework
Figure 35 Contracts Awarded Strategy is Changing To New Product Development As The Key Strategy For Capturing Market Share
Figure 36 Battle For Market Share (2011-2014):New Product Development is The Key Strategy
Figure 37 Geographical Revenue Mix  of Top 5 Market Players
Figure 38 Baker Hughes Inc.: Company At A Glance
Figure 39 Baker Hughes Inc.: SWOT Analysis
Figure 40 Halliburton: Business Overview
Figure 41 Halliburton: SWOT Analysis
Figure 42 Nabors Industries Ltd.: Company at A Glance
Figure 43 Nabors Industries: SWOT Analysis
Figure 44 Schlumberger Limited: Business Overview
Figure 45 Schlumberger Limited: SWOT Analysis
Figure 46 Weatherford: Comapny at A Glance
Figure 47 Weatherford: SWOT Analysis
Figure 48 Calmena Energy Services: Business Overview
Figure 49 Cathedral Energy Services: Business Overview
Figure 50 Jindal Drilling & Industries Limited: Business Overview
Figure 51 Key Energy Services: Business Overview
Figure 52 National Oilwell Varco: Business Overview
Figure 53 General Electric Company: Company at A Glance

The global directional drilling market is estimated to reach $29.11 billion by 2019, with a projected CAGR of 11.7%, signifying substantial increase in demand during next five years.

Directional drilling is a technique that involves deviating a wellbore along a planned path to explore the oil from a targeted position in the typical geologic structural oilfields. The directional drilling market has witnessed slow growth in the last five years, but is expected to gain momentum in coming years because of increasing investments in exploration and production (E&P) activities. The production rate of horizontal wells is also very high as compared to vertical wells.

The global directional drilling market is witnessing decent growth spurred by increasing energy demand, advancements in technology, and sizable investments around the globe, especially in North America and Asia-Pacific. North America dominates the directional drilling market, closely followed by Asia-Pacific. In terms of services, Rotary Steerable Systems (RSS) hold the largest market share in the directional drilling services market. In terms of applications, the market is dominated by offshore applications but onshore applications are expected to gain traction as well in the foreseeable future.

Furthermore, in terms of directional drilling types, the market share of the conventional type of directional drilling is set to gradually decline and this type will be overtaken by the rotary steerable directional drilling type. The figure provided below shows the directional drilling market share by geography in the year 2013.

Directional Drilling Market Share, by Geography, 2013

Directional Drilling Services Market

Source: MarketsandMarkets Analysis

Schlumberger (U.S.), Weatherford (Ireland), Baker Hughes (U.S.), and Halliburton (U.S.), are the major players in the directional drilling market and constitute more than 70% of the total global market. The remaining market share is jointly held by the other companies operating in the market.

Most of the companies active in this industry rely heavily on growth strategies such as new products/services developments, agreements and contracts, mergers and acquisitions, and expansions in diversified geographic areas. The launch of new products and services allows these companies to cater effectively to customer requirements and to retain their position in the market.

The major directional drilling services include Rotary Steerable Systems (RSS), Logging While Drilling (LWD), Measurement While Drilling (MWD) and Survey, Motors, and others. Other services include well bore positioning, automated drilling systems, side tracking, well planning, hydraulics, and torque and drag analysis. RSS holds the largest market share in terms of services, followed by Measurement While Drilling and Survey (MWD) services.

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