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
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 Porter’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
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
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 PORTER’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)