
The global market for Drilling and Well Service was valued at US$ 218 million in the year 2024 and is projected to reach a revised size of US$ 318 million by 2031, growing at a CAGR of 5.6% during the forecast period.
The drilling and well service sector has been embracing digital technologies such as IoT sensors, data analytics, and automation to improve efficiency, safety, and decision-making. Automated drilling rigs and smart monitoring systems have become more prevalent.
With growing environmental concerns and the push for cleaner energy sources, there is a trend toward supporting renewable energy projects such as offshore wind farms. This has led to increased demand for well services related to geothermal and wind energy installations.
Stricter environmental regulations have influenced drilling and well service practices, requiring companies to adopt more sustainable and environmentally friendly drilling techniques and equipment.
This report aims to provide a comprehensive presentation of the global market for Drilling and Well Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drilling and Well Service.
The Drilling and Well Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Drilling and Well Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Drilling and Well Service companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
KMG International Group
Atlas Professionals
PV Drilling
Subsea Oil and Gas Directory
Ventia
DAK Drilling & Well Service
Odfjell Technology
Well Services
Tundra Drilling Well Services
Dyer Well
Schlumberger
Halliburton
Transocean
Weatherford
GE(Baker Hughes)
Segment by Type
Exploration Drilling
Production Drilling
Others
Segment by Application
Oil and Gas Industry
Mining Industry
Geothermal Energy
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Drilling and Well Service company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Drilling and Well Service Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Exploration Drilling
1.2.3 Production Drilling
1.2.4 Others
1.3 Market by Application
1.3.1 Global Drilling and Well Service Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Oil and Gas Industry
1.3.3 Mining Industry
1.3.4 Geothermal Energy
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Drilling and Well Service Market Perspective (2020-2031)
2.2 Global Drilling and Well Service Growth Trends by Region
2.2.1 Global Drilling and Well Service Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Drilling and Well Service Historic Market Size by Region (2020-2025)
2.2.3 Drilling and Well Service Forecasted Market Size by Region (2026-2031)
2.3 Drilling and Well Service Market Dynamics
2.3.1 Drilling and Well Service Industry Trends
2.3.2 Drilling and Well Service Market Drivers
2.3.3 Drilling and Well Service Market Challenges
2.3.4 Drilling and Well Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Drilling and Well Service Players by Revenue
3.1.1 Global Top Drilling and Well Service Players by Revenue (2020-2025)
3.1.2 Global Drilling and Well Service Revenue Market Share by Players (2020-2025)
3.2 Global Drilling and Well Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Drilling and Well Service Revenue
3.4 Global Drilling and Well Service Market Concentration Ratio
3.4.1 Global Drilling and Well Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Drilling and Well Service Revenue in 2024
3.5 Global Key Players of Drilling and Well Service Head office and Area Served
3.6 Global Key Players of Drilling and Well Service, Product and Application
3.7 Global Key Players of Drilling and Well Service, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Drilling and Well Service Breakdown Data by Type
4.1 Global Drilling and Well Service Historic Market Size by Type (2020-2025)
4.2 Global Drilling and Well Service Forecasted Market Size by Type (2026-2031)
5 Drilling and Well Service Breakdown Data by Application
5.1 Global Drilling and Well Service Historic Market Size by Application (2020-2025)
5.2 Global Drilling and Well Service Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Drilling and Well Service Market Size (2020-2031)
6.2 North America Drilling and Well Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Drilling and Well Service Market Size by Country (2020-2025)
6.4 North America Drilling and Well Service Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Drilling and Well Service Market Size (2020-2031)
7.2 Europe Drilling and Well Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Drilling and Well Service Market Size by Country (2020-2025)
7.4 Europe Drilling and Well Service Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Drilling and Well Service Market Size (2020-2031)
8.2 Asia-Pacific Drilling and Well Service Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Drilling and Well Service Market Size by Region (2020-2025)
8.4 Asia-Pacific Drilling and Well Service Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Drilling and Well Service Market Size (2020-2031)
9.2 Latin America Drilling and Well Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Drilling and Well Service Market Size by Country (2020-2025)
9.4 Latin America Drilling and Well Service Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Drilling and Well Service Market Size (2020-2031)
10.2 Middle East & Africa Drilling and Well Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Drilling and Well Service Market Size by Country (2020-2025)
10.4 Middle East & Africa Drilling and Well Service Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 KMG International Group
11.1.1 KMG International Group Company Details
11.1.2 KMG International Group Business Overview
11.1.3 KMG International Group Drilling and Well Service Introduction
11.1.4 KMG International Group Revenue in Drilling and Well Service Business (2020-2025)
11.1.5 KMG International Group Recent Development
11.2 Atlas Professionals
11.2.1 Atlas Professionals Company Details
11.2.2 Atlas Professionals Business Overview
11.2.3 Atlas Professionals Drilling and Well Service Introduction
11.2.4 Atlas Professionals Revenue in Drilling and Well Service Business (2020-2025)
11.2.5 Atlas Professionals Recent Development
11.3 PV Drilling
11.3.1 PV Drilling Company Details
11.3.2 PV Drilling Business Overview
11.3.3 PV Drilling Drilling and Well Service Introduction
11.3.4 PV Drilling Revenue in Drilling and Well Service Business (2020-2025)
11.3.5 PV Drilling Recent Development
11.4 Subsea Oil and Gas Directory
11.4.1 Subsea Oil and Gas Directory Company Details
11.4.2 Subsea Oil and Gas Directory Business Overview
11.4.3 Subsea Oil and Gas Directory Drilling and Well Service Introduction
11.4.4 Subsea Oil and Gas Directory Revenue in Drilling and Well Service Business (2020-2025)
11.4.5 Subsea Oil and Gas Directory Recent Development
11.5 Ventia
11.5.1 Ventia Company Details
11.5.2 Ventia Business Overview
11.5.3 Ventia Drilling and Well Service Introduction
11.5.4 Ventia Revenue in Drilling and Well Service Business (2020-2025)
11.5.5 Ventia Recent Development
11.6 DAK Drilling & Well Service
11.6.1 DAK Drilling & Well Service Company Details
11.6.2 DAK Drilling & Well Service Business Overview
11.6.3 DAK Drilling & Well Service Drilling and Well Service Introduction
11.6.4 DAK Drilling & Well Service Revenue in Drilling and Well Service Business (2020-2025)
11.6.5 DAK Drilling & Well Service Recent Development
11.7 Odfjell Technology
11.7.1 Odfjell Technology Company Details
11.7.2 Odfjell Technology Business Overview
11.7.3 Odfjell Technology Drilling and Well Service Introduction
11.7.4 Odfjell Technology Revenue in Drilling and Well Service Business (2020-2025)
11.7.5 Odfjell Technology Recent Development
11.8 Well Services
11.8.1 Well Services Company Details
11.8.2 Well Services Business Overview
11.8.3 Well Services Drilling and Well Service Introduction
11.8.4 Well Services Revenue in Drilling and Well Service Business (2020-2025)
11.8.5 Well Services Recent Development
11.9 Tundra Drilling Well Services
11.9.1 Tundra Drilling Well Services Company Details
11.9.2 Tundra Drilling Well Services Business Overview
11.9.3 Tundra Drilling Well Services Drilling and Well Service Introduction
11.9.4 Tundra Drilling Well Services Revenue in Drilling and Well Service Business (2020-2025)
11.9.5 Tundra Drilling Well Services Recent Development
11.10 Dyer Well
11.10.1 Dyer Well Company Details
11.10.2 Dyer Well Business Overview
11.10.3 Dyer Well Drilling and Well Service Introduction
11.10.4 Dyer Well Revenue in Drilling and Well Service Business (2020-2025)
11.10.5 Dyer Well Recent Development
11.11 Schlumberger
11.11.1 Schlumberger Company Details
11.11.2 Schlumberger Business Overview
11.11.3 Schlumberger Drilling and Well Service Introduction
11.11.4 Schlumberger Revenue in Drilling and Well Service Business (2020-2025)
11.11.5 Schlumberger Recent Development
11.12 Halliburton
11.12.1 Halliburton Company Details
11.12.2 Halliburton Business Overview
11.12.3 Halliburton Drilling and Well Service Introduction
11.12.4 Halliburton Revenue in Drilling and Well Service Business (2020-2025)
11.12.5 Halliburton Recent Development
11.13 Transocean
11.13.1 Transocean Company Details
11.13.2 Transocean Business Overview
11.13.3 Transocean Drilling and Well Service Introduction
11.13.4 Transocean Revenue in Drilling and Well Service Business (2020-2025)
11.13.5 Transocean Recent Development
11.14 Weatherford
11.14.1 Weatherford Company Details
11.14.2 Weatherford Business Overview
11.14.3 Weatherford Drilling and Well Service Introduction
11.14.4 Weatherford Revenue in Drilling and Well Service Business (2020-2025)
11.14.5 Weatherford Recent Development
11.15 GE(Baker Hughes)
11.15.1 GE(Baker Hughes) Company Details
11.15.2 GE(Baker Hughes) Business Overview
11.15.3 GE(Baker Hughes) Drilling and Well Service Introduction
11.15.4 GE(Baker Hughes) Revenue in Drilling and Well Service Business (2020-2025)
11.15.5 GE(Baker Hughes) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
KMG International Group
Atlas Professionals
PV Drilling
Subsea Oil and Gas Directory
Ventia
DAK Drilling & Well Service
Odfjell Technology
Well Services
Tundra Drilling Well Services
Dyer Well
Schlumberger
Halliburton
Transocean
Weatherford
GE(Baker Hughes)
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*If Applicable.
