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Directional Drilling Market Research Report โ€“ Forecast to 2030

Directional Drilling Market Research Report, By Application (Onshore and Offshore), by Well type (Horizontal, Multilateral, and Extended reach), by Service (Rotary steerable systems, LWD, MWD, and Motors) and by Region - Global Forecast till 2030

ID: MRFR/E&P/0866-HCR | February 2021 | Region: Global | 190 pages

Impact of the COVID-19 Outbreak on the Directional Drilling Market
Directional Drilling Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


Directional drilling is the drilling of non-vertical wells. It is an essential practice that is carried out by crude oil producers to optimize the production from the resource land and reach the harshest wells. Directional drilling enables the drilling of oil wells at various angles other than the vertical angle and helps reach better reserves of oil & gas. The increasing shale resolution and surging number of projects, which include drilling operations across the world, are responsible for the growth of the directional drilling market. Besides, the growing demand for crude oil has increased drilling activities. However, the COVID-19 pandemic has drastically impacted the oil & gas industry. The world is facing an economic crisis owing to the epidemic. The demand and prices of crude oil have decreased rapidly during the pandemic, which has resulted in a halt in the directional drilling activities, which is hindering the growth of the market. Besides, the demand for energy due to the increasing population and rise in the standard of living is increasing rapidly. It is necessary to maintain production levels and extract optimal quantities of oil & gas to meet the global requirements. However, the pandemic has also impacted the energy sector, which is hampering the growth of the market.


Projected Change in The Global Demand For Oil Due To Covid-19 In 2020


Source: Secondary Sources


According to the MRFR analysis, regions such as North America and Europe are projected to dominate the market during the review period owing to the increasing oil exploration and drilling activities in the Gulf of Mexico and the North Sea. Besides, these regions have a large number of mature oil wells, which are likely to require drilling. The market is expected to face challenges post the lockdown period.

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Market Structure

2.5 Key Takeaways

2.6 Key Buying Criteria

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Increase in Shale oil and gas development

5.2.2 Advancement in drilling technologies

5.2.3 Rising demand for oil and gas in developing countries

5.2.4 Drivers Impact Analysis

5.3 Restraints

5.3.1 Increased focus on renewable energy

5.3.2 Stringent regulatory policies

5.4 Opportunities

5.4.1 Gradual recovery of oil prices

5.5 Value Chain Analysis

5.6 Porterโ€™s Five Forces Model

5.6.1 Threat of New Entrants

5.6.2 Bargaining Power of Suppliers

5.6.3 Bargaining Power of Buyers

5.6.4 Threat of Substitutes

5.6.5 Intensity of Rivalry

6 Global Directional Drilling Market, By Type

6.1 Overview

6.1.1 Horizontal wells

6.1.1.1 Market Estimates & Forecast, 2020-2027

6.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

6.1.2 Multilateral wells

6.1.2.1 Market Estimates & Forecast, 2020-2027

6.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

6.1.3 Extended reach wells

6.1.3.1 Market Estimates & Forecast, 2020-2027

6.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

7 Global Directional Drilling Market, By Application

7.1 Overview

7.1.1 Onshore

7.1.1.1 Market Estimates & Forecast, 2020-2027

7.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

7.1.2 Offshore

7.1.2.1 Market Estimates & Forecast, 2020-2027

7.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

8 Global Directional Drilling Market, By Service

8.1 Overview

8.1.1 LWD

8.1.1.1 Market Estimates & Forecast, 2020-2027

8.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.2 MWD & Survey

8.1.2.1 Market Estimates & Forecast, 2020-2027

8.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.3 RSS

8.1.3.1 Market Estimates & Forecast, 2020-2027

8.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

8.1.4 Motors

8.1.4.1 Market Estimates & Forecast, 2020-2027

8.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

9 Directional Drilling Market, By Region

9.1 Overview

9.2 North America

9.2.1 Market Estimates & Forecast, By Country, 2020-2027

9.2.2 Market Estimates & Forecast By Type, 2020-2027

9.2.3 Market Estimates & Forecast By Application , 2020-2027

9.2.4 Market Estimates & Forecast By Service, 2020-2027

9.2.5 U.S.

9.2.5.1 Market Estimates & Forecast By Type, 2020-2027

9.2.5.2 Market Estimates & Forecast By Application , 2020-2027

9.2.5.3 Market Estimates & Forecast By Service, 2020-2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast By Type, 2020-2027

9.2.7.2 Market Estimates & Forecast By Application , 2020-2027

9.2.7.3 Market Estimates & Forecast By Service, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, By Country, 2020-2027

9.3.2 Market Estimates & Forecast By Type, 2020-2027

9.3.3 Market Estimates & Forecast By Application , 2020-2027

9.3.4 Market Estimates & Forecast By Service, 2020-2027

9.3.5 Norway

9.3.5.1 Market Estimates & Forecast By Type, 2020-2027

9.3.5.2 Market Estimates & Forecast By Application , 2020-2027

9.3.5.3 Market Estimates & Forecast By Service, 2020-2027

9.3.6 The Netherlands

9.3.6.1 Market Estimates & Forecast By Type, 2020-2027

9.3.6.2 Market Estimates & Forecast By Application , 2020-2027

9.3.6.3 Market Estimates & Forecast By Service, 2020-2027

9.3.7 The U.K

9.3.7.1 Market Estimates & Forecast By Type, 2020-2027

9.3.7.2 Market Estimates & Forecast By Application , 2020-2027

9.3.7.3 Market Estimates & Forecast By Service, 2020-2027

9.3.8 Russia

9.3.8.1 Market Estimates & Forecast By Type, 2020-2027

9.3.8.2 Market Estimates & Forecast By Application , 2020-2027

9.3.8.3 Market Estimates & Forecast By Service, 2020-2027

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast By Type, 2020-2027

9.3.9.2 Market Estimates & Forecast By Application , 2020-2027

9.3.9.3 Market Estimates & Forecast By Service, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, By Country, 2020-2027

9.4.2 Market Estimates & Forecast By Type, 2020-2027

9.4.3 Market Estimates & Forecast By Application , 2020-2027

9.4.4 Market Estimates & Forecast By Service, 2020-2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast By Type, 2020-2027

9.4.5.2 Market Estimates & Forecast By Application , 2020-2027

9.4.5.3 Market Estimates & Forecast By Service, 2020-2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast By Type, 2020-2027

9.4.6.2 Market Estimates & Forecast By Application , 2020-2027

9.4.6.3 Market Estimates & Forecast By Service, 2020-2027

9.4.7 Indonesia

9.4.7.1 Market Estimates & Forecast By Type, 2020-2027

9.4.7.2 Market Estimates & Forecast By Application , 2020-2027

9.4.7.3 Market Estimates & Forecast By Service, 2020-2027

9.4.8 Australia

9.4.8.1 Market Estimates & Forecast By Type, 2020-2027

9.4.8.2 Market Estimates & Forecast By Application , 2020-2027

9.4.8.3 Market Estimates & Forecast By Service, 2020-2027

9.4.7 Rest of Asia Pacific

9.4.7.1 Market Estimates & Forecast By Type, 2020-2027

9.4.7.2 Market Estimates & Forecast By Application , 2020-2027

9.4.7.3 Market Estimates & Forecast By Service, 2020-2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, By Country, 2020-2027

9.5.2 Market Estimates & Forecast By Type, 2020-2027

9.5.3 Market Estimates & Forecast By Application , 2020-2027

9.5.4 Market Estimates & Forecast By Service, 2020-2027

9.5.5 Middle East

9.5.5.1 Market Estimates & Forecast By Type, 2020-2027

9.5.5.2 Market Estimates & Forecast By Application , 2020-2027

9.5.5.3 Market Estimates & Forecast By Service, 2020-2027

9.5.6 Africa

9.5.6.1 Market Estimates & Forecast By Type, 2020-2027

9.5.6.2 Market Estimates & Forecast By Application , 2020-2027

9.5.6.3 Market Estimates & Forecast By Service, 2020-2027

9.5.6 Latin America

9.5.6.1 Market Estimates & Forecast By Type, 2020-2027

9.5.6.2 Market Estimates & Forecast By Application , 2020-2027

9.5.6.3 Market Estimates & Forecast By Service, 2020-2027

10 Competitive Landscape

10.1 Competitive Scenario

10.1.1 Competitive Overview of the Directional Drilling Market

10.1.2 Competitive Benchmarking of the Directional Drilling Market

11 Company Profiles

11.1 Baker Hughes Incorporated

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Type Offerings

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategy

11.2 National Oilwell Varco, Inc.

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Type Offerings

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategy

11.3 Weatherford International PLC.

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Type Offerings

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategy

11.4 Schlumberger Limited

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Type Offerings

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategy

11.5 Halliburton Company

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Type Offerings

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategy

11.6 Nabors Industries Ltd.

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Type Offerings

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.5.6 Key Strategy

11.7 Cathedral Energy Services Ltd.

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Type Offerings

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategy

11.8 Jindal Drilling & Industries Limited

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Type Offerings

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategy

11.9 Gyrodata Incorporated

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Type Offerings

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategy

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List of Tables

Table 1 Global Directional Drilling Market: By Region, 2020-2027

Table 2 North America Directional Drilling Market: By Country, 2020-2027

Table 3 Europe Directional Drilling Market: By Country, 2020-2027

Table 4 Asia Pacific Directional Drilling Market: By Country, 2020-2027

Table 5 RoW Directional Drilling Market: By Country, 2020-2027

Table 6 Global Directional Drilling Market, by Application, By Regions, 2020-2027

Table 7 North America Directional Drilling Market, by Application, By Country, 2020-2027

Table 8 Europe Directional Drilling Market, by Well type type, By Country, 2020-2027

Table 9 Asia Pacific Directional Drilling Market by Application, By Country, 2020-2027

Table 10 RoW Directional Drilling Market by Application, By Country, 2020-2027

Table 11 Global Directional Drilling Market by Application Market: By Regions, 2020-2027

Table 12 North America Directional Drilling Market by Application: By Country, 2020-2027

Table 13 Europe Directional Drilling Market by Application: By Country, 2020-2027

Table 14 Asia Pacific Directional Drilling Market by Application: By Country, 2020-2027

Table 15 RoW Directional Drilling Market by Application: By Country, 2020-2027

Table 16 Global Directional Drilling Market, by Services, By Regions, 2020-2027

Table 17 North America Directional Drilling Market, by Services, By Country, 2020-2027

Table 18 Europe Directional Drilling Market, by Services, By Country, 2020-2027

Table 19 Asia Pacific Directional Drilling Market, by Services, By Country, 2020-2027

Table 20 RoW Directional Drilling Market, by Services, By Country, 2020-2027

Table 21 Global Directional Drilling Market: By Region, 2020-2027

Table 22 Global Directional Drilling Market: By Region, 2020-2027

Table 23 Global Directional Drilling Market: By Region, 2020-2027

Table 24 North America Directional Drilling Market, By Country

Table 25 North America Directional Drilling Market, by Application

Table 26 North America Directional Drilling Market, by Application

Table 27 North America Directional Drilling Market, By Services

Table 28 North America Directional Drilling Market, By End-User

Table 29 Europe: Directional Drilling Market, By Country

Table 30 Europe: Directional Drilling Market, by Application

Table 31 Europe: Directional Drilling Market, by Application

Table 32 Europe: Directional Drilling Market, By Services

Table 33 Europe: Directional Drilling Market, By End-User

Table 34 Asia-Pacific: Directional Drilling Market, By Country

Table 35 Asia-Pacific: Directional Drilling Market, by Application

Table 36 Asia-Pacific: Directional Drilling Market, by Application

Table 37 Asia-Pacific: Directional Drilling Market, By Services

Table 38 Asia-Pacific: Directional Drilling Market, By End-User

Table 39 RoW: Directional Drilling Market, By Region

Table 40 RoW Directional Drilling Market, by Application

Table 41 RoW Directional Drilling Market, by Application

Table 42 RoW Directional Drilling Market, By Services

Table 43 RoW Directional Drilling Market, By End-User



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List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTERโ€™S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL DIRECTIONAL DRILLING MARKETSHARE, BY APPLICATION, 2020 (%)

FIGURE 9 GLOBAL DIRECTIONAL DRILLING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL DIRECTIONAL DRILLING MARKETSHARE, BY SERVICES, 2020 (%)

FIGURE 11 GLOBAL DIRECTIONAL DRILLING MARKET, BY SERVICES, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL DIRECTIONAL DRILLING MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL DIRECTIONAL DRILLING MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA DIRECTIONAL DRILLING MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE DIRECTIONAL DRILLING MARKETSHARE (%), 2020

FIGURE 17 EUROPE DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC DIRECTIONAL DRILLING MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD DIRECTIONAL DRILLING MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)