About Directional Drilling
Directional drilling is a technique used for drilling wells at multiple angles. It is the process of drilling which controls the direction and deviation of the boring programmed to the targeted location. In this drilling wells are drilling in different patterns at angles to about 60 degrees. The angle is built to about 15 degrees by drilling a smooth curve with the deviation or side-tracking motor assembly. It is now common from platforms and offshore locations. This becomes more popular because many countries started to realize that this method is really cheaper and gives more opportunities in the elaboration of soil. This method minimizes the environmental impact of the operations and maximizes the economics of hydrocarbon production. Therefore, increasing use from oil & gas industries to avoid damage to wetlands, streams, and river crossings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Directional Drilling is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preferences of consumers. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Directional Drilling market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baker Hughes Company (United States), Vertex Downhole Ltd. (Canada), Halliburton (United States), Cathedral Energy Services Ltd. (Canada), China National Petroleum Corporation (China), Jindal Drilling & Industries Limited (JDIL) (D.P. Jindal Group) (India), Schlumberger (United States), Nabors industries (Bermuda), Gyrodata (United States) and Zhongman Petroleum and Natural Gas Group (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are China Oilfield Services (China), Toro Company (United States), Asian Oilfield Services Limited (India), Leam Drilling Systems LLC (United States), National Oilwell Varco (United States) and Weatherford International (United States).
Segmentation Overview
AMA Research has segmented the market of Global Directional Drilling market by , Application (Pipe, Conduit, Cables and Water Lines) and Region.
On the basis of geography, the market of Directional Drilling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Rotary Steerable Systems (RSS) will boost the Directional Drilling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Oil & Gas will boost the Directional Drilling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tools Type, the sub-segment i.e. Conventional Tools will boost the Directional Drilling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Location, the sub-segment i.e. Onshore will boost the Directional Drilling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Directional Drilling Has Gained Popularity Due to the Reducing Environmental Impact by Avoiding Surface Site
Market Growth Drivers:
Rising Demand of Direction Drilling System by Utilities and Underground Industry for Increasing Production and Directional Drilling is used to Installing Conduits under Obstacles Such as Roads, Buildings and Wetlands
Challenges:
Limited Buyers of Directional Drilling System and A shift towards Renewable Energy like Bio-Fuel, Solar and Wind Instead Of Oil and Gas
Restraints:
Availability of other Technology such as Horizontal Drilling
Opportunities:
Growing Infrastructure of Oil & Gas Industries as well as Telephone Industries and Utilization of Rotary Steerable Systems is Increasing Globally
Market Leaders and their expansionary development strategies
In September 2023, Total Directional Services, LLC., a leading provider of innovative drilling and directional services, announced the strategic acquisition of Tally Energy Services's Northeast Operations.
In April 2019, APS Technology, Inc., a leading provider of directional drilling services launched the active vibration damper tool (AVD) to the standalone SureDrill-IPDT™ or Intelligent Performance Drilling Tool. This device gives numerous drilling challenges to the degree the company felt it warranted a name change that better reflected those additional capabilities.
Key Target Audience
Directional Drilling Service Providers, Directional Drilling Tools Manufacturers, Government & Regulatory Bodies, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.