Stratview Research delivers key insights on the global Directional Drilling Services Market.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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The Directional Drilling Services Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
- Trelleborg AB
- Balmoral Offshore Engineering
- Matrix Composites & Engineering Limited
- Advance Insulation Inc.
- Fendercare Marine
- DeepWater Buoyancy, Inc.
- Bardot Group
- Forum Energy Technologies
- Floatex S.R.L
Growth drivers and Market Value:
This report, from Stratview Research, studies the Directional Drilling Services market value and growth drivers over the trend period of 2022-27. According to the report -
Directional Drilling Services market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increase in demand for drilling of multiple wells from single sites and the mounting production levels through directional drilling are the major factors that are likely to contribute towards the growth of the directional drilling services market during the forecast period.
Based on by Application Type:
Based on the application type, the market is segmented as onshore applications and offshore applications. Onshore application is likely to dominate the directional drilling services market during the forecast period, driven by the large number of mature onshore wells, globally.
Based on Regional:
In terms of regions, North America dominated the directional drilling service market in 2021, and is expected to lead the market during the forecast period as well. The region’s market is driven by the growing share of tight oil and shale gas and the use of multi-stage hydraulic fracturing completion technique. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.
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This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
- Appropriate market trend and forecast analysis.
- All-inclusive report
- Decent price-performance ratio
- Reliable data
- Attractive market segments and associated growth opportunities.
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