Drilling Services Market [2024-2032] | Global Size, Share, Emerging Trends

Drilling Services Market Size, Share & COVID-19 Impact Analysis, 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, 2020-2032 

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 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 

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.

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?

Key Benefits of Buying the Report:

The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Drilling Services Market and the sub segments.

The scope of the study addresses market analysis of gas compression and gas compression engines, and their applicability in transmission and related applications.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Drilling Services Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

 Market Segmentation

  • Types of Drilling Services Market
  • Applications of Drilling Services Market
  • Research Regions
  • Market Dynamics
  • Drilling Services Market Industry Trends
  • Drilling Services Market Drivers
  • Drilling Services Market Market Challenges
  • Drilling Services Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Drilling Services Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Drilling Services Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Drilling Services Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Drilling Services Market
  • Major Players Manufacturing Base of Drilling Services Market 
  • Major Players Market Distribution 
  • Drilling Services Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Drilling Services Market
  • Market Channel Analysis of Drilling Services Market
  • Major Down Stream Customers by Application

TOC continued …

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