Directional Drilling Services Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Directional Drilling Services Market is expected to grow at a CAGR of approximately 5% during the forecast period 2022-2028. Directional drilling controls the trajectory and deviation of the well during drilling operations. It exits the well and explores the oil field at the target location. The shale gas revolution, increasing energy demand due to urbanization and industrialization, and the discovery of oil fields in onshore and offshore regions are the major factors driving the directional drilling services market. Horizontal directional drilling (HDD) or directional boring is a steerable trenchless method of laying conduits, cables, and underground pipes with minimal impact to continuous areas. HDDs are mainly used in utility installations, cable laying and underground construction.

Company Profile

• Halliburton Company
• Baker Hughes Incorporated
• National Oil well Varco
• Weatherford International plc
• Jindal Drilling & Industries Limited
• Cathedral Energy Services Ltd.
• Schlumberger Limited

Market Segmentation

By Application

• Onshore Applications
• Offshore Applications

By Service

• Rotary Steerable System (RSS)
• Logging-While-Drilling(LWD)
• Measurement-While-Drilling (MWD) & Survey
• Motors (MUD Motors)

By Type

• Conventional
• Rotary Steerable System

Scope of the Report

The research study analyzes the Directional Drilling Services Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Directional Drilling Services Market Report

1. What was the Directional Drilling Services Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Directional Drilling Services Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Directional Drilling Services Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Directional Drilling Services Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Directional Drilling Services
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Directional Drilling Services
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Directional Drilling Services Market.