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Directional Drilling Market 2015-2019

Directional Drilling Market 2015-2019

About directional drilling

Directional drilling is a practice of controlling the deviation and direction of a wellbore in order to access the predetermined target zone. The major application of directional drilling are mentioned below:

  • Horizontal well drilling
  • Multilateral well drilling
  • Extended reach drilling
The global directional drilling market is expected to witness steady growth in the forecast period spurred by increasing energy demand, advances in technologies such as MWD and LWD, data analytics and digital oilfield, and sizable investments in countries such as Brazil, Indonesia, China, Mexico, US, and Angola. The Americas dominates the directional drilling market, followed by APAC and EMEA. In terms of services, the largest market share is held by the rotary steerable segment, which is expected to grow at a significant rate in the forecast period.

Technavio's analysts forecast the global directional drilling market to grow at a CAGR of 10.42% in terms of over the period 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of global directional drilling market for 2015-2019. The market can be segmented into five divisions: services and equipment, type of directional well, type of directional drilling, application, and geography.

Technavio's report, Global Directional Drilling Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and Americas; it also covers the landscape of the global directional drilling market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key geographies
  • Americas
  • APAC
  • EMEA
Key vendors
  • Baker Hughes
  • Gyrodata
  • Halliburton
  • Schlumberger
  • Superior Drilling Products
  • Weatherford International
Other prominent vendors
  • Calmena Energy Services
  • Cathedral Energy Services
  • General Electric Oil & Gas
  • Leam Drilling Systems
  • Michels Corporation
  • Nabors Industries
  • The Directional Drilling Company
Key market driver
  • Increasing global oil and gas consumption
  • For a full, detailed list, view our report
Key market challenge
  • Low oil prices
  • For a full, detailed list, view our report
Key market trend
  • Advances in digital oilfield technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Directional Drilling Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Directional Drilling Market: Baker Hughes, Gyrodata, Halliburton, Schlumberger and Superior Drilling Products

Other Prominent Vendors in the market are: Cathedral Energy Services, Calmena Energy Services, General Electric Oil & Gas, Leam Drilling Systems, the Directional Drilling Company, Michels Corporation, and Nabors Industries.

Commenting on the report, an analyst from Technavio’s team said: “The high demand for oil and gas and the rising number of maturing oilfields have increased the adoption of digital oilfield technology. Advances in digital oilfield technologies will help improve production rates, redevelop existing oilfield wells, facilitate production from unconventional resources such as shale formation, and improve well management. These advanced drilling technologies with remote monitoring and intelligent well completion will significantly increase the efficiency, control, and monitoring of the well. ”

According to the report the increased consumption and demand for oil and gas from various end-user segments is driving the global directional drilling market. Vendors and governments of various countries are therefore investing in directional drilling to enhance the global oil and gas production and maintain the demand-supply balance in the market. The diminishing oil production from existing reserves will further drive the market in terms of increased applications and drilling of multilateral and extended reach wells.

Further, the report states that the decline in prices is expected to be persisting during the forecast period and reduce investments in drilling activities, which will negatively impact the directional drilling services market.

Companies Mentioned

Baker Hughes, Gyrodata, Halliburton, Schlumberger, Superior Drilling Products, Cathedral Energy Services, Calmena Energy Services, General Electric Oil & Gas, Leam Drilling Systems, the Directional Drilling Company, Michels Corporation, Nabors Industries.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global directional drilling market segmentation
    • Market size and forecast
      • Table Global directional drilling market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by services and equipment
    • Global directional drilling market by services and equipment 2014
      • Table Global directional drilling market by services and equipment 2014
    • Global directional drilling market by services and equipment 2019
      • Table Global directional drilling market by services and equipment 2019
    • Global directional drilling market by services and equipment 2014-2019
      • Table Global directional drilling market by services 2014-2019
    • Global directional drilling market by rotary steerable
      • Table Global directional drilling market by rotary steerable 2014-2019 ($ billions)
    • Global directional drilling market by motors
      • Table Global directional drilling market by motors 2014-2019 ($ billions)
    • Global directional drilling market by MWD and LWD
      • Table Global directional drilling market by motors 2014-2019 ($ billions)
      • Table Evolution of MWD and LWD technologies by Schlumberger
    • Global directional drilling market by directional survey
      • Table Global directional drilling market by directional survey 2014-2019 ($ billions)
    • Global directional drilling market by survey
      • Table Global directional drilling market by survey 2014-2019 ($ billions)
    • Global directional drilling market by others
      • Table Global directional drilling market by others 2014-2019 ($ billions)
  • Market segmentation by type of directional well
    • Global directional drilling market by type of directional well 2014
      • Table Global directional drilling market by type of directional well 2014
    • Global directional drilling market by type of directional well 2019
      • Table Global directional drilling market by type of directional well 2019
    • Global directional drilling market by type of directional well 2014-2019
      • Table Global directional drilling market by type of directional well 2014-2019
    • Global directional drilling market by horizontal well
      • Table Global directional drilling market by horizontal well 2014-2019 ($ billions)
    • Global directional drilling market by directional well
      • Table Global directional drilling market by directional well 2014-2019 ($ billions)
    • Global directional drilling market by multilateral well
      • Table Global directional drilling market by multilateral well 2014-2019 ($ billions)
    • Global directional drilling market by extended reach well
      • Table Global directional drilling market by extended reach well 2014-2019 ($ billions)
  • Market segmentation by type of directional drilling
    • Global directional drilling market by type of directional drilling 2014
      • Table Global directional drilling market by type of directional drilling 2014
    • Global directional drilling market by type of directional drilling 2019
      • Table Global directional drilling market by type of directional drilling 2019
    • Global directional drilling market by type of directional drilling 2014-2019
      • Table Global directional drilling market by type of directional drilling 2014-2019
    • Global directional drilling market by rotary steerable directional drilling
      • Table Global directional drilling market by rotary steerable 2014-2019 ($ billions)
    • Global directional drilling market by conventional directional drilling
      • Table Global directional drilling market by conventional 2014-2019 ($ billions)
  • Market segmentation by application
    • Global directional drilling market by application 2014
      • Table Global directional drilling market by application 2014
    • Global directional drilling market by application 2019
      • Table Global directional drilling market by application 2019
    • Global directional drilling market by application 2014-2019
      • Table Global directional drilling market by application 2014-2019
    • Global directional drilling market by offshore drilling
      • Table Global directional drilling market by offshore 2014-2019 ($ billions)
    • Global directional drilling market by onshore drilling
      • Table Global directional drilling market by onshore 2014-2019 ($ billions)
  • Geographical segmentation
    • Global directional drilling market by geographical segmentation 2014
      • Table Global directional drilling market by geographical segmentation 2014
    • Global directional drilling market by geographical segmentation 2019
      • Table Global directional drilling market by geographical segmentation 2019
    • Global directional drilling market by geographical segmentation 2014-2019
      • Table Global directional drilling market by geographical segmentation 2014-2019
    • Directional drilling market in Americas
      • Table Directional drilling market in Americas 2014-2019 ($ billions)
    • Directional drilling market in APAC
      • Table Directional drilling market in APAC 2014-2019 ($ billions)
    • Directional drilling market in EMEA
      • Table Directional drilling market in EMEA 2014-2019 ($ billions)
  • Market drivers
    • Table Global oil and gas consumption 2009-2014
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table WTI spot price July 2014-July 2015 ($/bbl)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Baker Hughes
    • Halliburton
    • Gyrodata
      • Table Gyrodata: Services segmentation
    • Schlumberger
    • SDI
      • Table SDI: Business offerings
    • Weatherford International
      • Table Weatherford International: Product segmentation
      • Table Weatherford: Business segmentation by revenue 2014
      • Table Weatherford: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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