Directional Drilling Industry Research： the global Directional Drilling market size is projected to reach USD 13.25 billion by 2030

Directional drilling is defined as the practice of controlling the direction and deviation of a wellbore to a predetermined underground target or location.

According to the new market research report “Directional Drilling - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Directional Drilling market size is projected to reach USD 13.25 billion by 2030, at a CAGR of 2.4% during the forecast period.

• Global Directional Drilling MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Directional Drilling - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Directional Drilling Top15Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Directional Drilling - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Directional Drilling include Schlumberger, Halliburton, Baker Hughes/GE, CNPC, Weatherford International, Nabors industries, Sinopec Oilfield Service Corporation, China Oilfield Services, Cathedral Energy Services, Gyrodata, etc. In 2023, the global top five players had a share approximately 74.0% in terms of revenue.

• Directional Drilling,Global Market Size, Split by Product Segment

Source: QYResearch, "Directional Drilling - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

In terms of product type, currently Horizontal Well is the largest segment, hold a share of 52.6%.

• Directional Drilling,Global Market Size, Split by ApplicationSegment

Source: QYResearch, "Directional Drilling - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

In terms of product application, currently Onshore is the largest segment, hold a share of 61.7%.

• Directional Drilling,Global Market Size, Split by Region

Source: QYResearch, "Directional Drilling - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

Market Drivers:

The global demand for energy, especially oil and gas, continues to rise. As easily accessible reserves become scarce, there is a growing need for advanced drilling techniques to reach deeper and more complex reservoirs. Directional drilling enables the extraction of hydrocarbons from unconventional resources like shale gas, tight oil, and deepwater reserves.

Restraint:

Directional drilling involves advanced equipment, technology, and expertise, which require a significant upfront investment. This could deter some companies, especially smaller players with limited financial resources, from adopting directional drilling techniques.

Opportunity:

With the growing demand for hydrocarbons, companies are exploring and producing in offshore areas with reserves that were previously inaccessible. Directional drilling plays a crucial role in tapping these reserves effectively and economically. The expansion of offshore oil and gas activities, especially in regions like the North Sea, Gulf of Mexico, and Brazil, provides significant growth opportunities for the directional drilling market.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

Contact Us:

If you have any queries regarding this report or if you would like further information, please contact us:

QY Research Inc.

Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States

E-mail: global@qyresearch.com

Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)

EN: https://www.qyresearch.com

JP: https://www.qyresearch.co.jp