Directional Drilling Market Size & Share 2019 - Review, Key Findings, Company Profiles, Complete Analysis, Growth Strategy, Developing Technologies, Trends and Forecast by Regions

(The Express Wire via Comtex)

Directional Drilling Market 2019 Report examines the business status, size, share, trends, development opportunity, competition landscape and forecast to 2023. This report also offers data on patterns, developments, target industry sectors, limits and advancements. Furthermore, this research report classifies the market by companies, region, type and end-use industry.

Global “Directional Drilling market” 2019-2023 report offers a complete evaluation of this market, highlighting the growth boosters, obstructions, future prospects, and the changing competitive aspect of this market. It also obtains the most prominent market trends and the current and previous performance of this market in order to determine its status in the near future.

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Directional Drilling Market analysts forecast the global Directional Drilling market to grow at a CAGR of over 7% during the period 2019-2023.

The increasing liquid fuel consumption rate is expected to grow steadily during the forecast period. triggered by the increase in industrialization and urbanization from developing countries. To meet the increase in fuel demand, major oil and gas companies have resorted to increasing their oil and gas exploration and production projects to support the demand for oil and gas consumption. Urbanization and the rise in disposable income have driven the economic development of countries. Oil and gas companies are increasing their exploration and production activities to meet the increasing demand for oil and natural gas. Companies are also focusing on those production techniques and areas where oil and gas production can be maximized. Our analysts have predicted that the directional drilling market will register a CAGR of over 7% by 2023.

Directional Drilling Market Segment by Manufacturers includes:

  • BAKER HUGHES
  • a GE Company
  • Halliburton
  • Schlumberger Limited
  • Scientific Drilling International
  • Weatherford

and many more.

Directional Drilling Market Segment by Regions includes: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa.

Market Driver: increase in adoption of directional drilling technologies for unconventional oil and gas production will drive the growth of the market

Market Trend: integrated directional drilling technologies

Market Challenge: environmental concerns associated with hydraulic fracturing’s process

Increasing investment in offshore projects
Thus, many proposed deepwater and offshore exploratory projects are being executed by large oil and gas companies. The advances in technology for better operational performance of the projects further support the growth of offshore oil and gas projects. Thus, increasing the demand for directional drilling equipment, thereby driving market growth.
Volatile crude oil prices
EandP projects are mostly executed when the revenue generated is high so that upstream companies can make profits. The uncertainty in crude oil prices will affect investments in EandP projects, and this, in turn, will affect the growth of the global directional drilling market during the forecast period.

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Key questions answered in this report

  • What will the market size be in 2023 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?

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Table of Contents

TOC of Keyword Market Report

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
•2.1 Preface
•2.2 Preface
•2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE
•Market ecosystem
•Market characteristics
•Market segmentation analysis

PART 04: MARKET SIZING
•Market definition
•Market sizing 2018
•Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE
•Bargaining power of buyers
•Bargaining power of suppliers
•Threat of new entrants
•Threat of substitutes
•Threat of rivalry
•Market condition

PART 08: MARKET SEGMENTATION BY SOURCE
•Market segmentation by source
•Comparison by source
•Soy milk - Market size and forecast 2018-2023
•Almond milk - Market size and forecast 2018-2023
•Rice milk - Market size and forecast 2018-2023
•Other milk alternatives - Market size and forecast 2018-2023
•Market opportunity by source

PART 09: MARKET SEGMENTATION BY VARIANT
•Market segmentation by variant

PART 10: CUSTOMER LANDSCAPE

PART 11: GEOGRAPHIC LANDSCAPE
•Geographic segmentation
•Geographic comparison
•Europe - Market size and forecast 2018-2023
•North America - Market size and forecast 2018-2023
•APAC - Market size and forecast 2018-2023
•South America - Market size and forecast 2018-2023
•MEA - Market size and forecast 2018-2023
•Key leading countries
•Market opportunity

PART 12: DRIVERS AND CHALLENGES
•Market drivers
•Market challenges

PART 13: MARKET TRENDS
•Increasing number of new product launches
•Rising investments in vegan cheese sector
•Rising focus on strengthening supply chain and expansion of production capacities

PART 14: VENDOR LANDSCAPE
•Overview
•Landscape disruption
•Competitive scenario

PART 15: VENDOR ANALYSIS

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