Directional Drilling Market Report

Directional Drilling Market Report, By Application (Onshore and Offshore), Type, Service, and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 10079 | Publish Date : Upcoming | Industry : Power_Energy | Geography : Global

Directional drilling is a reference to a crossing in which a pilot bore is then drilled followed by enlarging to the size of the pipe to be laid. The path followed by the drilling process may be either straight or curved while the direction of the drilling head may be adjusted at any stage during the process to enable maneuvering around obstacles. Directional drilling is usually carried out when the reserves are deposited in a horizontal direction or if the site does not permit open pit mining due to the presence of residential or other establishments around the proposed site. The process is accomplished through three steps: pilot hole, reaming, and pull pipe.

Directional Drilling Market Outlook

  • When used in combination with hydraulic fracturing, directional drilling can grant access to hitherto inaccessible resources. 
  • Technological improvements to counter the harmful effects of the two primary drilling methods would lead to the use of innovative equipment as a solution to these issues. Further, the use of geologically suited seismic equipment would lead to optimization of the horizontal drilling operations and better exploitation of the tapped resources. 
  • Further, the rising demand for energy globally, especially from the emerging regions, would drive the market over the forecast period from 2020 to 2026. 

Directional Drilling Market Segmental Overview

  • Rotary steerable systems are used during directional drilling with uninterrupted rotation from the surface. This eliminates the need to slide a steerable motor. They are used when conducting drilling operations in directional, horizontal, or extended-reach wells.
  • Logging while drilling (LWD) is a technique used to convey well logging tools into the well borehole downhole as part of the bottom hole assembly (BHA).
  • Directional drilling has allowed the development of offshore or subsea production intervals in an economically viable manner despite the expensive nature of the platforms.

Directional Drilling Market Key Players

The major companies operating in the directional drilling market include Barbco Inc, Creighton Rock Drill Ltd, Ellingson Companies, Ferguson Michiana, Herrenknecht AG, Horizontal Technology Inc, INROCK Drilling Inc, Laney Directional Drilling, McCloskey International, Nabors Industries Ltd., The Charles Machine Works, Inc., The Toro Company, UEA, and Vermeer Corporation among others.

New product launch and continual research and development are among the top strategies being adopted by the key players to maximize growth.

  • Directional drilling led to the viability of hitherto inaccessible resources. The existing technology before horizontal drilling was started did not permit the exploration or extraction of certain reserves which were deposited horizontally. However, over the years directional drilling has led to an immense growth in the oil & gas industry. It has also led to the viability of resources around residential or other sensitive areas.
  • The directional drilling market is segmented into type, service, and application. Conventional and rotary steerable system are the two main types of directional drilling. Likewise, there are various types of services as well like rotary steerable system, logging while drilling, measurement while drilling & survey, and motors (MUD Motors) among others. Directional drilling is used in onshore as well as offshore applications.
  • Geographically, the market has been studied on the basis of the key countries of major regions like North America, Europe, Asia Pacific, and Rest of the World. Rest of the World comprises Latin America and Middle East and Africa.

Why to buy this report:

  • The report offers changing market dynamics in the directional drilling market, presenting historical, current and projected market size in terms of value (USD million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of directional drilling market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the directional drilling market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of directional drilling market