According to latest Repor by Fortune Business Insights™ , The global drilling services market size was USD 12.88 billion in 2019. The market is projected to grow USD 26.84 billion in 2032 at a CAGR of 8.75% in the 2020-2032 period. T
The latest report by Fortune Business Insight Research Company Insights, titled Global Drilling Services Market – Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast Period, provides a thorough analysis of the global Drilling Services Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges.
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Drilling Services Market Industry Competitive Analysis:
November 2020: Seadrill Ltd bagged one firm and one optional well contract from Walter Oil & Gas for the Sevan Louisiana semi-submersible rig in the Gulf of Mexico. The deal adds USD 17 million in backlog revenues for Seadrill.
November 2020: Schlumberger released MagniSphere, its innovative, high-definition NMR logging-while-drilling (LWD) service. The inventive offering is designed to deliver precise, real-time analysis for accurate well placement, leading to increased production and recovery in complex sites.
Global Drilling Services Market By Service (Directional Drilling {Measurement While Drilling, Logging While Drilling, Rotary Steerable System, Gyro Drilling, Magnetic Drilling, and Others} and Non-Directional Drilling), By Application (Onshore and Offshore {Shallow Water, Deepwater, and Ultra-Deepwater}), By End-User (Oil & Gas, Mining, Water Exploration, and Others), and Regional Forecast, 2020-2027
KEY PLAYERS:
The major companies profiled in the report includes:
- Sumitomo Precision Products Co (Japan)
- Siemens (Germany)
- DV8 Technology Ltd. (UK)
- REFLEX NOW (Australia)
- Motive Drilling Technologies (U.S.)
- Kearfott Corporation (U.S.)
- ION Geophysical (U.S.)
- Zupt, LLC (U.S.)
- KLX Energy Services (U.S.)
- Welltec (Denmark)
- International Drilling Services LLC (Oman)
- Boart Longyear (U.S.)
- The Weir Group PLC (UK)
- AlMansoori Specialized Engineering (United Arab Emirates)
- Leam Drilling Systems LLC (U.S.)
- Petrofac (UK)
- Superior Energy Services (U.S.)
- VES Survey International (U.S.)
- Unitech Drilling Company Limited (Nigeria)
- Compass Directional Guidance, Inc. (U.S.)
- Oceaneering (U.S.)
- TechnipFMC (UK)
- Halliburton (U.S.)
- Inertial Sensing One AB (Sweden)
- Axis Mining Technology (Australia)
- Devico AS (Norway)
- Stockholm Precision Tools AB (SPT) (Sweden)
- Gyrodata (U.S.)
- Emerson (U.S.)
- Schneider Electric (France)
- Erdos Miller (U.S.)
- Oliden Technology (U.S.)
- Gyro Australia (Australia)
- Phoenix Technology Services (Canada)
- Center Drill Inc. (U.S.)
- Gyro Drilling (Netherlands)
- JAE (Japan)
- Radial Drilling Services, Inc. (U.S.)
- Integra (Russia)
- JINDAL DRILLING & INDUSTRIES LTD. (India)
- NewTech Services (Russia)
- NOV (U.S.)
- Huracan Pty Ltd. (Australia)
- Baker Hughes (U.S.)
- Archer – the well company (Norway)
- DIDRILLSA LTDA (Colombia)
- Drill Tech Solution (Azerbaijan)
- China Oilfield Services Limited (China)
- AnTech (UK)
- Weatherford (Switzerland)
- Nabors Industries (U.S.)
- Scientific Drilling (U.S.)
- Brownline (Netherlands)
- Icefield Tools Corporation (Canada)
- Schlumberger (U.S.)
Key benefits
Rising Energy Demand Backed by the Construction of New Infrastructures to Aid Growth
The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world artificial lift system market.
The market projections from 2024 to 2032 along with the impacting factors are mentioned in the report.
The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.
In-depth analyses of the key segments of the market demonstrate the consumption of Drilling Services Market in different applications across different end-user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
Industry Segmentations:
- By Application
- Onshore
- Offshore
- Shallow Water
- Deepwater
- Ultra-Deepwater
- By End-User
- Oil & Gas
- Mining
- Water Exploration
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Scope of the Report:
► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter’s Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2024 to 2030?
► What are the key market dynamics influencing growth in the Global Drilling Services Market?
► Who are the prominent players in the Global Drilling Services Market?
► What is the consumer perspective in the Global Drilling Services Market?
► What are the key demand-side and supply-side trends in the Global Drilling Services Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Drilling Services Market?
Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
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The report shares key insights on:
- Current market size
- Market forecast
- Market opportunities
- Key drivers and restraints
- Regulatory scenario
- Industry trend
- New product approvals/launch
- Promotion and marketing initiatives
- Pricing analysis
- Competitive landscape
Frequently Asked Questions (FAQs) for Drilling Services Market Report:
A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:
- What is the current global energy mix, and how is it expected to change in the future?
- What are the main challenges facing the energy and power industry?
- How are technological advancements impacting the way we generate, transmit, and distribute electricity?
- What role do government policies play in shaping the energy and power landscape?
- What are the potential impacts of climate change on the energy and power industry?
- What is the future of energy prices?
Table Of Contents:
1 Market Overview
1.1 Drilling Services Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook
1.4.1.2 Canada Market States and Outlook
1.4.1.3 Mexico Market States and Outlook
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook
1.4.2.2 France Market States and Outlook
1.4.2.3 UK Market States and Outlook
1.4.2.4 Russia Market States and Outlook
1.4.2.5 Italy Market States and Outlook
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook
1.4.3.2 Japan Market States and Outlook
1.4.3.3 Korea Market States and Outlook
1.4.3.4 India Market States and Outlook
1.4.3.5 Southeast Asia Market States and Outlook
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook
1.4.4.2 Egypt Market States and Outlook
1.4.4.3 Saudi Arabia Market States and Outlook
1.4.4.4 South Africa Market States and Outlook
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Continued…
TOC continued …
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