The directional drilling market will grow from an estimated $16.71 billion in 2014 to $29.11 billion by 2019 at a CAGR of 11.7% from 2014 to 2019.
(PRWEB) December 24, 2014
Global directional drilling services market is expected to reach $29.11 billion by 2019 growing at an estimated CAGR of 11.7%. Leading region in 2013 for this market was North America followed by Asia Pacific. To 2019, N.A. and APAC to contribute more than 50% of global market share. Technological advancements, rising offshore drilling activities, increasing energy demand and the upcoming shale gas revolution are the major factor to boost directional drilling services market. Complete report is available at http://www.rnrmarketresearch.com/directional-drilling-services-market-by-application-offshore-onshore-services-rotary-steerable-system-lwd-mwd-survey-motors-and-others-and-geography-asia-pacific-europe-the-middle-east-market-report.html .
The report “Directional Drilling Market, By Applications (Onshore & Offshore), Services (Rotary Steerable Systems, LWD, MWD & Survey, Motors, and Others), Types (Conventional and Rotary steerable systems), & Geography- Global trends and forecast to 2019″ defines and segments the global directional drilling market with an analysis and forecast of the global market size ($billion). The market is segmented and forecast on the basis of major geographical regions, namely, North America, Asia-Pacific, South America, Europe, Africa and Middle East. Within these regions, the major countries of the directional drilling services market have been analyzed and the market growth is projected accordingly.
The market is also segmented on the basis of the application of the directional drilling services into regions such as onshore and offshore. The onshore segment includes the use of the directional drilling services on land based rigs while the offshore segmentation includes the use of these services on water based rigs. Furthermore, the offshore segmentation broadly refers to the shallow water, deepwater, and the ultra deepwater applications of the directional drilling services.
The companies profiled in directional drilling market research report are Baker Hughes Inc., Calmena Energy Services, Cathedral Energy Services, Gyrodata, Halliburton, Jindal Drilling & Industries Limited, Leam Drilling Systems, LLC, Nabors Industries Ltd., Schlumberger, Scientific Drilling Company, Weatherford, National Oilwell Varco, and GE Oil and Gas. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=249142 .
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