Global Directional Drilling Service Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI03249838

Publication Date:

March 12, 2024

Pages:

121

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Directional Drilling Service market size was valued at US$ 9312 million in 2023. With growing demand in downstream market, the Directional Drilling Service is forecast to a readjusted size of US$ 10830 million by 2030 with a CAGR of 2.2% during review period.
The research report highlights the growth potential of the global Directional Drilling Service market. Directional Drilling Service are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Directional Drilling Service. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Directional Drilling Service market.
Directional drilling service, also known as directional boring or horizontal directional drilling (HDD), refers to a technique used in the field of drilling and excavation to create boreholes with a predetermined direction and pathway. Unlike traditional vertical drilling, directional drilling allows for the installation of underground infrastructures, such as pipelines or utilities, in a controlled and precise manner. This technique involves the use of specialized drilling equipment that can steer the drill bit underground, following a desired path while maintaining accurate measurements and angles. Directional drilling is commonly employed in various industries, including oil and gas exploration, utility installations, telecommunications, and environmental remediation.
The industry trend for directional drilling services is experiencing continuous growth and expansion. This can be attributed to several factors. Firstly, the demand for energy resources, especially fossil fuels, continues to rise, leading to the exploration and extraction of oil and gas in challenging terrains. Directional drilling enables access to these reserves by reaching them from distant or difficult-to-access locations. Moreover, as urban areas become densely populated, the need for installing utilities and infrastructure underground has increased. Directional drilling offers a less disruptive and cost-effective method for installing pipelines, fiber optic cables, or utilities without significant excavation or disruption to surface infrastructure. This trend is further supported by advancements in drilling technologies, including improved drilling tools and techniques, which enable more accurate and efficient directional drilling operations.
Key Features:
The report on Directional Drilling Service market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Directional Drilling Service market. It may include historical data, market segmentation by Type (e.g., Vertical Drilling, Incline Drilling), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Directional Drilling Service market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Directional Drilling Service market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Directional Drilling Service industry. This include advancements in Directional Drilling Service technology, Directional Drilling Service new entrants, Directional Drilling Service new investment, and other innovations that are shaping the future of Directional Drilling Service.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Directional Drilling Service market. It includes factors influencing customer ' purchasing decisions, preferences for Directional Drilling Service product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Directional Drilling Service market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Directional Drilling Service market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Directional Drilling Service market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Directional Drilling Service industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Directional Drilling Service market.
Market Segmentation:
Directional Drilling Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Vertical Drilling
Incline Drilling
Horizontal Drilling
Segmentation by application
Onshore
Offshore
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Oil and Gas
Halliburton
Scientific Drilling International
DP Jindal Group
GE(Baker Hughes)
National Oilwell Varco
Nabors Industries
Schlumberger Limited
Cathedral Energy Services
Weatherford International
Leam Drilling Systems
Jindal Drilling and Industries Limited
Gyrodata Incorporated
GB Directional Drilling Services
Quanta Services

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Directional Drilling Service Market Size 2019-2030
2.1.2 Directional Drilling Service Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Directional Drilling Service Segment by Type
2.2.1 Vertical Drilling
2.2.2 Incline Drilling
2.2.3 Horizontal Drilling
2.3 Directional Drilling Service Market Size by Type
2.3.1 Directional Drilling Service Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Directional Drilling Service Market Size Market Share by Type (2019-2024)
2.4 Directional Drilling Service Segment by Application
2.4.1 Onshore
2.4.2 Offshore
2.5 Directional Drilling Service Market Size by Application
2.5.1 Directional Drilling Service Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Directional Drilling Service Market Size Market Share by Application (2019-2024)
3 Directional Drilling Service Market Size by Player
3.1 Directional Drilling Service Market Size Market Share by Players
3.1.1 Global Directional Drilling Service Revenue by Players (2019-2024)
3.1.2 Global Directional Drilling Service Revenue Market Share by Players (2019-2024)
3.2 Global Directional Drilling Service Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Directional Drilling Service by Regions
4.1 Directional Drilling Service Market Size by Regions (2019-2024)
4.2 Americas Directional Drilling Service Market Size Growth (2019-2024)
4.3 APAC Directional Drilling Service Market Size Growth (2019-2024)
4.4 Europe Directional Drilling Service Market Size Growth (2019-2024)
4.5 Middle East & Africa Directional Drilling Service Market Size Growth (2019-2024)
5 Americas
5.1 Americas Directional Drilling Service Market Size by Country (2019-2024)
5.2 Americas Directional Drilling Service Market Size by Type (2019-2024)
5.3 Americas Directional Drilling Service Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Directional Drilling Service Market Size by Region (2019-2024)
6.2 APAC Directional Drilling Service Market Size by Type (2019-2024)
6.3 APAC Directional Drilling Service Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Directional Drilling Service by Country (2019-2024)
7.2 Europe Directional Drilling Service Market Size by Type (2019-2024)
7.3 Europe Directional Drilling Service Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Directional Drilling Service by Region (2019-2024)
8.2 Middle East & Africa Directional Drilling Service Market Size by Type (2019-2024)
8.3 Middle East & Africa Directional Drilling Service Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Directional Drilling Service Market Forecast
10.1 Global Directional Drilling Service Forecast by Regions (2025-2030)
10.1.1 Global Directional Drilling Service Forecast by Regions (2025-2030)
10.1.2 Americas Directional Drilling Service Forecast
10.1.3 APAC Directional Drilling Service Forecast
10.1.4 Europe Directional Drilling Service Forecast
10.1.5 Middle East & Africa Directional Drilling Service Forecast
10.2 Americas Directional Drilling Service Forecast by Country (2025-2030)
10.2.1 United States Directional Drilling Service Market Forecast
10.2.2 Canada Directional Drilling Service Market Forecast
10.2.3 Mexico Directional Drilling Service Market Forecast
10.2.4 Brazil Directional Drilling Service Market Forecast
10.3 APAC Directional Drilling Service Forecast by Region (2025-2030)
10.3.1 China Directional Drilling Service Market Forecast
10.3.2 Japan Directional Drilling Service Market Forecast
10.3.3 Korea Directional Drilling Service Market Forecast
10.3.4 Southeast Asia Directional Drilling Service Market Forecast
10.3.5 India Directional Drilling Service Market Forecast
10.3.6 Australia Directional Drilling Service Market Forecast
10.4 Europe Directional Drilling Service Forecast by Country (2025-2030)
10.4.1 Germany Directional Drilling Service Market Forecast
10.4.2 France Directional Drilling Service Market Forecast
10.4.3 UK Directional Drilling Service Market Forecast
10.4.4 Italy Directional Drilling Service Market Forecast
10.4.5 Russia Directional Drilling Service Market Forecast
10.5 Middle East & Africa Directional Drilling Service Forecast by Region (2025-2030)
10.5.1 Egypt Directional Drilling Service Market Forecast
10.5.2 South Africa Directional Drilling Service Market Forecast
10.5.3 Israel Directional Drilling Service Market Forecast
10.5.4 Turkey Directional Drilling Service Market Forecast
10.5.5 GCC Countries Directional Drilling Service Market Forecast
10.6 Global Directional Drilling Service Forecast by Type (2025-2030)
10.7 Global Directional Drilling Service Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 GE Oil and Gas
11.1.1 GE Oil and Gas Company Information
11.1.2 GE Oil and Gas Directional Drilling Service Product Offered
11.1.3 GE Oil and Gas Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 GE Oil and Gas Main Business Overview
11.1.5 GE Oil and Gas Latest Developments
11.2 Halliburton
11.2.1 Halliburton Company Information
11.2.2 Halliburton Directional Drilling Service Product Offered
11.2.3 Halliburton Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Halliburton Main Business Overview
11.2.5 Halliburton Latest Developments
11.3 Scientific Drilling International
11.3.1 Scientific Drilling International Company Information
11.3.2 Scientific Drilling International Directional Drilling Service Product Offered
11.3.3 Scientific Drilling International Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Scientific Drilling International Main Business Overview
11.3.5 Scientific Drilling International Latest Developments
11.4 DP Jindal Group
11.4.1 DP Jindal Group Company Information
11.4.2 DP Jindal Group Directional Drilling Service Product Offered
11.4.3 DP Jindal Group Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 DP Jindal Group Main Business Overview
11.4.5 DP Jindal Group Latest Developments
11.5 GE(Baker Hughes)
11.5.1 GE(Baker Hughes) Company Information
11.5.2 GE(Baker Hughes) Directional Drilling Service Product Offered
11.5.3 GE(Baker Hughes) Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 GE(Baker Hughes) Main Business Overview
11.5.5 GE(Baker Hughes) Latest Developments
11.6 National Oilwell Varco
11.6.1 National Oilwell Varco Company Information
11.6.2 National Oilwell Varco Directional Drilling Service Product Offered
11.6.3 National Oilwell Varco Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 National Oilwell Varco Main Business Overview
11.6.5 National Oilwell Varco Latest Developments
11.7 Nabors Industries
11.7.1 Nabors Industries Company Information
11.7.2 Nabors Industries Directional Drilling Service Product Offered
11.7.3 Nabors Industries Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Nabors Industries Main Business Overview
11.7.5 Nabors Industries Latest Developments
11.8 Schlumberger Limited
11.8.1 Schlumberger Limited Company Information
11.8.2 Schlumberger Limited Directional Drilling Service Product Offered
11.8.3 Schlumberger Limited Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Schlumberger Limited Main Business Overview
11.8.5 Schlumberger Limited Latest Developments
11.9 Cathedral Energy Services
11.9.1 Cathedral Energy Services Company Information
11.9.2 Cathedral Energy Services Directional Drilling Service Product Offered
11.9.3 Cathedral Energy Services Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Cathedral Energy Services Main Business Overview
11.9.5 Cathedral Energy Services Latest Developments
11.10 Weatherford International
11.10.1 Weatherford International Company Information
11.10.2 Weatherford International Directional Drilling Service Product Offered
11.10.3 Weatherford International Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Weatherford International Main Business Overview
11.10.5 Weatherford International Latest Developments
11.11 Leam Drilling Systems
11.11.1 Leam Drilling Systems Company Information
11.11.2 Leam Drilling Systems Directional Drilling Service Product Offered
11.11.3 Leam Drilling Systems Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Leam Drilling Systems Main Business Overview
11.11.5 Leam Drilling Systems Latest Developments
11.12 Jindal Drilling and Industries Limited
11.12.1 Jindal Drilling and Industries Limited Company Information
11.12.2 Jindal Drilling and Industries Limited Directional Drilling Service Product Offered
11.12.3 Jindal Drilling and Industries Limited Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Jindal Drilling and Industries Limited Main Business Overview
11.12.5 Jindal Drilling and Industries Limited Latest Developments
11.13 Gyrodata Incorporated
11.13.1 Gyrodata Incorporated Company Information
11.13.2 Gyrodata Incorporated Directional Drilling Service Product Offered
11.13.3 Gyrodata Incorporated Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Gyrodata Incorporated Main Business Overview
11.13.5 Gyrodata Incorporated Latest Developments
11.14 GB Directional Drilling Services
11.14.1 GB Directional Drilling Services Company Information
11.14.2 GB Directional Drilling Services Directional Drilling Service Product Offered
11.14.3 GB Directional Drilling Services Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 GB Directional Drilling Services Main Business Overview
11.14.5 GB Directional Drilling Services Latest Developments
11.15 Quanta Services
11.15.1 Quanta Services Company Information
11.15.2 Quanta Services Directional Drilling Service Product Offered
11.15.3 Quanta Services Directional Drilling Service Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Quanta Services Main Business Overview
11.15.5 Quanta Services Latest Developments
12 Research Findings and Conclusion

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