+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Directional Drilling Tools Market Outlook 2030

  • PDF Icon


  • 122 Pages
  • October 2021
  • Region: Global
  • Research Nester Pvt. Ltd
  • ID: 5475219
Directional drilling is a technique of controlling the direction and deviation of a wellbore to an underground target or location. The process utilizes different drilling tools, such as rotary steerable system, mud motors, whip stocks, and others. The global directional drilling tools market is anticipated to grow with CAGR of 8.37% during the forecast period, i.e., 2021-2030. Factors such as the rising demand for energy worldwide, followed by the increasing need amongst oil and gas companies to search for new reservoirs and carry out drilling activities to meet the rising demand for energy, are expected to accelerate the market growth. Moreover, factors such as the advancements in drilling tools, and the numerous benefits associated with these tools are also expected to contribute to the market growth in the coming years. The global directional drilling tools market is estimated to garner a revenue of close to USD 15880 Million by the end of 2030, up from USD 7130 Million approximately in the year 2020.

The global directional drilling tools market is segmented by numerous segments, which include segmentation by tools type, type, application, and by region. On the basis of tools type, the market is segmented into rotary steerable system (RSS), logging-while-drilling (LWD) tools, measurement-while-drilling (MWD) tools, mud motors, whip stocks, adjustable-gauge stabilizers, jetting bits, and turbodrills. Out of these segments, by the end of 2030, the rotary steerable system (RSS) segment is projected to attain the largest revenue of over USD 5970 Million. The segment is also projected to grow with the highest CAGR of close to 10% during the forecast period.

Regionally, the global directional drilling tools market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. In the year 2020, the market in the North America garnered the largest revenue of over USD 3150 Million, and is further predicted to touch a revenue of about USD 7140 Million by the end of 2030. Moreover, in the Asia Pacific, the market is predicted to grow with the highest CAGR of 9% approximately.

Some of the prominent industry leaders in the global directional drilling tools market that are included in our report are Scientific Drilling International, Weatherford International plc, China Oilfield Services Limited, China National Petroleum Corporation, Halliburton Energy Services, Inc., Schlumberger Limited, Baker Hughes Company, NOV Inc., Radius HDD Direct, LLC, Geovista Ltd, and others.

Table of Contents

1. Market Definition
1.1. Definition
1.2. Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. Executive Summary - Global Directional Drilling Tools Market
5. Industry Value Chain Analysis
5.1. Manufacturers
5.2. Distributors
5.3. End-Users
6. Market Dynamics
6.1. Market Drivers
6.2. Market Trends
7. Key Market Opportunities8. Major Roadblocks for the Market Growth9. Regulatory and Standards Landscape10. Industry Risk Analysis
11. Impact of COVID-19 on the Global Directional Drilling Tools Market (2020-2029)
11.1. Impact on the Demand
11.2. Impact on Directional Drilling Tools Manufacturers
11.3. Impact on Strategy
11.4. Impact on Spending on R&D
11.5. Impact on New Market Entrants
12. Comparative Analysis
13. Competitive Landscape
13.1. Company Profiles
13.1.1. Scientific Drilling International
13.1.2. Weatherford International plc
13.1.3. China Oilfield Services Limited
13.1.4. China National Petroleum Corporation
13.1.5. Halliburton Energy Services, Inc.
13.1.6. Schlumberger Limited
13.1.7. Baker Hughes Company
13.1.8. NOV Inc.
13.1.9. Radius HDD Direct, LLC
13.1.10. Geovista Ltd
14. Global Directional Drilling Tools Market 2020-2030
14.1. Market Overview
14.2. By Value (USD Million)
15. Global Directional Drilling Tools Market - Segmentation Analysis 2020-2030
15.1. By Tools Type
15.1.1. Rotary Steerable System (RSS), 2020-2030F (USD Million)
15.1.2. Logging-While-Drilling (LWD) Tools, 2020-2030F (USD Million)
15.1.3. Measurement-While-Drilling (MWD) Tools, 2020-2030F (USD Million)
15.1.4. Mud Motors, 2020-2030F (USD Million)
15.1.5. Whip Stocks, 2020-2030F (USD Million)
15.1.6. Adjustable-Gauge Stabilizers, 2020-2030F (USD Million)
15.1.7. Jetting Bits, 2020-2030F (USD Million)
15.1.8. Turbodrills, 2020-2030F (USD Million)
15.2. By Type
15.2.1. Conventional, 2020-2030F (USD Million)
15.2.2. Rotary Steerable System, 2020-2030F (USD Million)
15.3. By Application
15.3.1. Onshore Applications, 2020-2030F (USD Million)
15.3.2. Offshore Applications, 2020-2030F (USD Million)
15.4. By Region
15.4.1. North America
15.4.2. Europe
15.4.3. Latin America
15.4.4. Asia Pacific
15.4.5. Middle East & Africa
16. North America Directional Drilling Tools Market
16.1. Market Overview
16.2. Market Value (USD Million)
16.3. Market Segmentation by:
16.3.1. Country United States Canada
17. Europe Directional Drilling Tools Market
17.1. Market Overview
17.2. Market Value (USD Million)
17.3. Market Segmentation by:
17.3.1. Country Norway United Kingdom Russia Rest of Europe
18. Latin America Directional Drilling Tools Market
18.1. Market Overview
18.2. Market Value (USD Million)
18.3. Market Segmentation by:
18.3.1. Country Argentina Brazil Mexico Rest of Latin America
19. Asia Pacific Directional Drilling Tools Market
19.1. Market Overview
19.2. Market Value (USD Million)
19.3. Market Segmentation by:
19.3.1. Country India China Australia Thailand Indonesia Rest of Asia Pacific
20. Middle East & Africa Directional Drilling Tools Market
20.1. Market Overview
20.2. Market Value (USD Million)
20.3. Market Segmentation by:
20.3.1. Country Africa Middle East

Companies Mentioned

  • Scientific Drilling International
  • Weatherford International plc
  • China Oilfield Services Limited
  • China National Petroleum Corporation
  • Halliburton Energy Services Inc.
  • Schlumberger Limited
  • Baker Hughes Company
  • NOV Inc.
  • Radius HDD Direct LLC
  • Geovista Ltd