HOME Top Market Reports Directional Drilling Services Market by Application (Onshore, and Offshore), Type (Conventional, and Rotary Steerable System), Service (LWD, MWD & Survey, RSS, Motors), and Region - Global Forecast to 2021

Directional Drilling Services Market by Application (Onshore, and Offshore), Type (Conventional, and Rotary Steerable System), Service (LWD, MWD & Survey, RSS, Motors), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: EP 2969

 

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The global directional drilling services market is expected to grow from an estimated USD 8.33 Billion in 2016 to USD 10.30 Billion by 2021, at a CAGR of 4.34% from 2016 to 2021. Factors driving the directional drilling services market include increasing demand for energy, ongoing shale gas developments, and new oilfield discoveries.

Objectives of the study

  • To define, describe, and forecast the global directional drilling services market on the basis of application, type, services, and region
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the directional drilling services market with respect to individual growth trends of manufacturers and service providers, their future expansions, and contribution to the market
  • To forecast the growth of the directional drilling services market with respect to the main regions (Asia-Pacific, Europe, North America, South America, the Middle East and Africa)
  • To strategically profile key market players and comprehensively analyze their market shares and core competencies
  • To analyze market opportunities for stakeholders and provide details of competitive developments, such as contracts & agreements, mergers & acquisitions, expansions, and new product/technology launches, in the global directional drilling services market

The years considered for the study are as follows:

  • Base Year: 2015
  • Estimated Year: 2016
  • Projected Year: 2021
  • Forecast Period: From 2016 to 2021

For company profiles in the report, 2015 has been used as the base year.

Research Methodology

This research study involved extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of directional drilling services. The points mentioned below explain the research methodology applied in making this report.

  • Analysis of all the operational and upcoming infrastructural projects across the world
  • Analysis of country-wise industrial growth rate for the past five years
  • Estimation of cost of directional drilling services in various regions using the cost variance models
  • Analyzing market trends in various regions/ and countries supported by the directional drilling services manufacturers and oilfield service providers
  • Overall market size values are finalized by triangulation with the supply side data which include the product developments, supply chain, and annual deliveries of directional drilling services across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study.

Directional Drilling Services Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The ecosystem of the global directional drilling services market starts with the production and manufacturing of iron and steel. The manufactured parts are then assembled by the oilfield service providers to form directional drilling systems, which are then tested. This stage is followed by supply of the directional drilling services to the oilfield operator companies for onshore and offshore applications.

Directional Drilling Services Market

Stakeholders

The stakeholders included in this report are as follows:

  • Oilfield Service Companies
  • Offshore and Onshore Rig Manufacturers
  • Oil & Gas Field Operators
  • National Oil Companies
  • Government and Research Organizations
  • Consulting Companies of Oil & Gas Industry
  • Oil & Gas Associations
  • Investment banks

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next 2-5 years for prioritizing efforts and investments.”

Scope of the report

  • By Application:
    • Onshore
    • Offshore
  • By Type
    • Conventional
    • Rotary Steerable System
  • By Service
    • Logging While Drilling (LWD)
    • Measurement While Drilling (MWD) & survey
    • Rotary Steerable System (RSS)
    • Motors
    • Others
  • By Region
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East
    • Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    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 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)
    3.1 Introduction
    3.2 Historical Backdrop and Evolution
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 33)
    4.1 Directional Drilling Services Market, By Type
    4.2 Directional Drilling Services Market, By Service
    4.3 Directional Drilling Services Market, By Application
    4.4 Directional Drilling Services Market: Application vs Type
    4.5 North America: the Largest Market During the Forecast Period

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Application
           5.2.2 By Type
           5.2.3 By Service
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Energy Demand
                    5.3.1.2 Shale Gas Development
                    5.3.1.3 Advancement in Drilling Technologies
           5.3.2 Restraints
                    5.3.2.1 Declining Oil Spending Due to Low Crude Oil Price
                    5.3.2.2 Increasing Focus on Renewable Energy
           5.3.3 Opportunities
                    5.3.3.1 New Oilfield Discoveries
                    5.3.3.2 Lifting of Iranian Oil Export Sanctions
           5.3.4 Challenges
                    5.3.4.1 Stringent Regulatory Policies
    5.4 Technical Overview

6 Directional Drilling Services Market, By Application (Page No. - 47)
    6.1 Introduction
    6.2 Onshore Applications
    6.3 Offshore Applications

7 Directional Drilling Services Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Conventional
    7.3 Rotary Steerable System

8 Directional Drilling Services Market, By Service (Page No. - 55)
    8.1 Introduction
    8.2 Rotary Steerable System (RSS)
    8.3 Logging-While-Drilling(LWD)
    8.4 Measurement-While-Drilling (MWD) & Survey
    8.5 Motors (MUD Motors)
    8.6 Others

9 Directional Drilling Services Market, By Region (Page No. - 62)
    9.1 Introduction
    9.2 North America
           9.2.1 By Type
           9.2.2 By Application
           9.2.3 By Service
           9.2.4 By Country
                    9.2.4.1 U.S.
                    9.2.4.2 Canada
                    9.2.4.3 Mexico
    9.3 Asia-Pacific
           9.3.1 By Type
           9.3.2 By Application
           9.3.3 By Service
           9.3.4 By Country
                    9.3.4.1 China
                    9.3.4.2 Thailand
                    9.3.4.3 India
                    9.3.4.4 Indonesia
                    9.3.4.5 Australia
                    9.3.4.6 Malaysia
                    9.3.4.7 Central Asia
                    9.3.4.8 Rest of Asia–Pacific
    9.4 Europe
           9.4.1 By Type
           9.4.2 By Application
           9.4.3 By Service
           9.4.4 By Country
                    9.4.4.1 Russia
                    9.4.4.2 Norway
                    9.4.4.3 U.K.
                    9.4.4.4 The Netherlands
                    9.4.4.5 Rest of Europe
    9.5 South America
           9.5.1 By Type
           9.5.2 By Application
           9.5.3 By Service
           9.5.4 By Country
                    9.5.4.1 Brazil
                    9.5.4.2 Argentina
                    9.5.4.3 Venezuela
                    9.5.4.4 Colombia
                    9.5.4.5 Ecuador
                    9.5.4.6 Rest of South America
    9.6 Africa
           9.6.1 By Type
           9.6.2 By Application
           9.6.3 By Service
           9.6.4 By Country
                    9.6.4.1 Angola
                    9.6.4.2 Egypt
                    9.6.4.3 Nigeria
                    9.6.4.4 Algeria
                    9.6.4.5 Rest of Africa
    9.7 Middle East
           9.7.1 By Type
           9.7.2 By Application
           9.7.3 By Service
           9.7.4 By Country
                    9.7.4.1 Saudi Arabia
                    9.7.4.2 UAE
                    9.7.4.3 Iran
                    9.7.4.4 Qatar
                    9.7.4.5 Rest of the Middle East

10 Competitive Landscape (Page No. - 106)
     10.1 Overview
     10.2 Market Share Analysis, By Revenue, 2015
     10.3 Competitive Situation and Trends
             10.3.1 Key New Product/Service Developments
             10.3.2 Key Expansions
             10.3.3 Key Contracts and Agreements
             10.3.4 Key Mergers & Acquisitions
             10.3.5 Key Partnerships, Collaborations, Alliances, and Joint Ventures
             10.3.6 Other Developments

11 Company Profiles (Page No. - 121)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Baker Hughes Incorporated
     11.3 Halliburton Company
     11.4 Schlumberger Limited
     11.5 Weatherford International PLC.
     11.6 National Oilwell Varco, Inc.
     11.7 GE Oil & Gas
     11.8 Nabors Industries Ltd.
     11.9 Cathedral Energy Services Ltd.
     11.10 Jindal Drilling & Industries Limited
     11.11 Gyrodata Incorporated
     11.12 Scientific Drilling International
     11.13 Leam Drilling Systems, LLC.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 154)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: A Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (75 Tables)

Table 1 Investment in Renewable Energy, By Sector, 2015
Table 2 Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 3 Onshore Application: Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 4 Offshore: Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 5 Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 6 Conventional : Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 7 Rotary Steerable System: Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 8 Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 9 Rotary Steerable System Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 10 Logging-While-Drilling Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 11 Measurement While-Drilling (MWD) & Survey Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 12 Motors Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 13 Other Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 14 Directional Drilling Services Market Size, By Region, 2014–2021 (USD Million)
Table 15 North America: Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 16 North America: Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 17 North America: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 18 North America: Directional Drilling Services Market Size, By Country, 2014–2021 (USD Million)
Table 19 U.S.: Directional Drilling Services Market, By Service, 2014–2021 (USD Million)
Table 20 Canada: Directional Drilling Services Market Size, By Service, 2014-2021 (USD Million)
Table 21 Mexico: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 22 Asia-Pacific: Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 23 Asia – Pacific : Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 24 Asia – Pacific : Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 25 Asia-Pacific: Directional Drilling Services Market Size, By Country, 2014–2021 (USD Million)
Table 26 China: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 27 Thailand: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 28 India: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 29 Indonesia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 30 Australia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 31 Malaysia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 32 Central Asia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 33 Rest of Asia-Pacific: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 34 Europe: Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 35 Europe: Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 36 Europe: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 37 Europe: Directional Drilling Services Market Size, By Country, 2014–2021 (USD Million)
Table 38 Russia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 39 Norway: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 40 U.K.: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 41 The Netherlands: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 42 Rest of Europe: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 43 South America: Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 44 South America: Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 45 South America: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 46 South America: Directional Drilling Services Market Size, By Country, 2014–2021 (USD Million)
Table 47 Brazil: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 48 Argentina: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 49 Venezuela: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 50 Colombia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 51 Ecuador: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 52 Rest of South America: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 53 Africa: Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 54 Africa: Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 55 Africa: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 56 Africa: Directional Drilling Services Market Size, By Country, 2014–2021 (USD Million)
Table 57 Angola: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 58 Egypt: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 59 Nigeria: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 60 Algeria: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 61 Rest of Africa: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 62 Middle East: Directional Drilling Services Market Size, By Type, 2014–2021 (USD Million)
Table 63 Middle East: Directional Drilling Services Market Size, By Application, 2014–2021 (USD Million)
Table 64 Middle East: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 65 Middle East: Directional Drilling Services Market Size, By Country, 2014–2021 (USD Million)
Table 66 Saudi Arabia: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 67 UAE: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 68 Qatar: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 69 Rest of the Middle East: Directional Drilling Services Market Size, By Service, 2014–2021 (USD Million)
Table 70 Key New Product/Service Launches, 2013-2016
Table 71 Key Expansions, 2013-2016
Table 72 Key Contracts Awarded, 2013-2016
Table 73 Key Mergers & Acquisitions, 2013-2016
Table 74 Key Partnerships, Collaborations, Alliance, and Joint Ventures, 2013-2016
Table 75 Other Developments, 2013-2016


List of Figures (45 Figures)

Figure 1 Directional Drilling Services Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Directional Drilling Services Market: Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 North America Accounted for the Largest Market Share of the Directional Drilling Services Market in 2015 (By Value)
Figure 8 North America is Expected to Lead the Directional Drilling Services Market By 2021
Figure 9 Onshore Segment is Expected to Lead Directional Drilling Services Market, 2016–2021
Figure 10 Rotary Steerable System Segment is Expected to Lead Directional Drilling Services Market, 2016–2021
Figure 11 Conventional Segment is Projected to Dominate Directional Drilling Services Market During the Forecast Period
Figure 12 Top Market Developments (2013–2016)
Figure 13 Attractive Opportunities in the Directional Drilling Services Market
Figure 14 Directional Drilling Services Market Share, By Type, 2016–2021
Figure 15 RSS Segment is Expected to Lead the Directional Drilling Services Market, 2016–2021
Figure 16 Onshore Segment is Expected to Be the Largest in the Directional Drilling Services Market During the Forecast Period
Figure 17 Onshore Directional Drilling Segment is Estimated to Hold the Largest Market Share in 2016
Figure 18 Directional Drilling Market Share (Value), By Region, 2015
Figure 19 Directional Drilling Services Market Segmentation
Figure 20 Increasing Demand for Energy Along With Shale Gas Revolution is Expected to Drive the Directional Drilling Services Market
Figure 21 Decline in Crude Oil Prices has Continued From 2014 to 2016
Figure 22 Oil & Gas Rig Count has Seen A Decreasing Trend Worldwide in 2016
Figure 23 Iran Oil Production, 2007–2017
Figure 24 Onshore Application Segment is Expected to Lead the Directional Drilling Services Market By 2021
Figure 25 Conventional Segment Expected to Lead Directional Drilling Services Market From 2016 to 2021
Figure 26 Rotary Steerable System Service Segment to Dominate Directional Drilling Services Market During the Forecast Period
Figure 27 Directional Drilling Services Market Size, By Region, 2014–2021
Figure 28 Directional Drilling Services Market Size, By Region, 2015
Figure 29 Middle East: the Fastest Growing Directional Drilling Services Market, 2016–2021
Figure 30 North America: Overview of the Directional Drilling Services Market
Figure 31 Asia-Pacific: Overview of the Directional Drilling Services Market
Figure 32 Companies Adopted New Product Launches as the Key Growth Strategy
Figure 33 Market Share Analysis, By Revenue, 2015
Figure 34 Market Evaluation Framework, 2013–2016
Figure 35 Battle for Market Share (2013–2016):New Product Development Was the Key Strategy
Figure 36 Regional Revenue Mix of the Top Five Players
Figure 37 Baker Hughes Incorporated: Company Snapshot
Figure 38 Halliburton Company: Company Snapshot
Figure 39 Schlumberger Limited: Company Snapshot
Figure 40 Weatherford International PLC.: Company Snapshot
Figure 41 National Oilwell Varco, Inc.: Company Snapshot
Figure 42 GE Oil & Gas: Company Snapshot
Figure 43 Nabors Industries Ltd.: Company Snapshot
Figure 44 Cathedral Energy Services Ltd.: Company Snapshot
Figure 45 Jindal Drilling & Industries Limited: Company Snapshot

The directional drilling services market is projected to grow at a CAGR of 4.34% from 2016 to 2021 to reach USD 10.30 Billion by 2021. Increasing demand for energy due to industrialization & urbanization, ongoing shale gas revolution, oilfield discoveries are the major factors for driving the market.

Directional drilling is the practice of controlling the trajectory and deviation of the well during drilling operations, along a planned path to explore the oil from a targeted position in the typical geologic structural oilfields.

The report segments directional drilling services on the basis of its types which include conventional and rotary steerable system. Conventional type is the fastest growth markets for directional drilling services.

In terms of services, MWD & survey hold the largest market share in the directional drilling services market. In terms of applications, the market is dominated by onshore applications but offshore applications are expected to gain traction as well in the foreseeable future.

In this report, segment based on application has been categorized into two major types: onshore and offshore. Based on applications, onshore is the fastest growing segment. Directional drilling is used in more onshore applications due to the high number of maturing fields.

In this report, the directional drilling services market has been analyzed with respect to the following regions, namely, Asia-Pacific, North America, South America, Europe, the Middle East, and Africa. North America is currently the largest market for directional drilling services, and the Middle East is projected to grow at the highest CAGR during the forecast period. U.S. accounted for the majority share in North America in 2016. Shale gas is emerging as an important new source of energy supply in the U.S. and Canada. Technological advancements in drilling (long-reach horizontal well bores) and completion techniques (multi-stage hydraulic fracturing) are increasing the outlook for the supply of crude oil in North America. The figure given below shows the regional scenario of the directional drilling services market from 2016 to 2021.

Directional Drilling Services Market

Declining spending due to low crude oil prices, increased focus on renewable energy are key restraints for the growth of the directional drilling services market

Some of the leading players in the directional drilling services market include Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International plc. (Switzerland), National Oilwell Varco, Inc. (U.S.), among others. New product launch was the most common strategy adopted by the top players in the market, constituting more than one-third of the total development share. It was followed by new expansions, contracts & agreements, mergers & acquisitions, and, respectively.

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