According to a recent study report published by the Market Research Future, The global market of directional drilling is booming and expected to gain prominence over the forecast period. The global directional drilling market is forecasted to demonstrate an exponential growth by 2027, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2017 – 2027).

Directional drilling is the science of deviating a wellbore along a planned path to a target located a given lateral distance and direction from vertical. Directional drilling can be used to reach targets that cannot be drilled with a vertical well. For example, it may not be possible to get a drilling permit for a well located within a populated area or within a park. However, a well could be drilled just outside of the populated area or park and then steered directionally to hit the target.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1375

Segmentation:

Global directional drilling market has been segmented based on application, well type, services and region.

Based on the application type the market is further classified as onshore and offshore. Between these, the onshore application segment is anticipated to hold major market share due to the fact that the onshore region is witnessing more and more new exploration activities coupled with more fields getting mature.

On the basis of well type the directional drilling market is segmented as horizontal well, multilateral wells and extended reach wells. Among these, horizontal wells are expected to hold a large market share due to their significance in more production rate and exposure of greater wellbore length. Based on services the market is segmented as Rotary steerable system, Logging while drilling (LWD), Measurement while drilling (MWD), and Motors. Amongst these, LWD holds the major market share because of its advantage in cost savings and acquiring the formation data.

Browse Full Report at: https://www.marketresearchfuture.com/reports/directional-drilling-market-1375

Directional Drilling Global Market Competitive Analysis:

Characterized by the presence of several well-established and small players, the global Market of Directional Drilling appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Directional Drilling market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.

Key Players:

The key players in directional drilling market are Baker Hughes Incorporated (U.S.), National Oilwell Varco (U.S.), Weatherford International Plc. (U.S.), Schlumberger Ltd (U.S.), and Halliburton Company (U.S.). Nabors Industries Ltd (Bermuda), Cathedral Energy Services Ltd (Canada), Jindal Drilling & Industries Limited (India), and Gyrodata Incorporated (U.S.) are among others.

View More Info @ https://on.mktw.net/2J4STVR

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]