2015 – 2025
GLOBAL DIRECTIONAL DRILLING MARKET
FORECAST & OPPORTUNITIES
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
Scope of Report
Product of Interest (POI): Directional Drilling
The global directional drilling market is expected to witness significant growth during the forecast
period owing to the increasing demand for energy, ongoing advancements in shale gas explorations,
new oilfield discoveries, among others. Furthermore, technological developments in hydraulic
fracturing and low breakeven prices have supported the oil and gas directional drilling activities in the
onshore regions across the globe. Additionally, increasing E&P activities at different locations coupled
with adoption of advanced drilling techniques are further projected to propel the market over the
coming years.
Market Segmentation
TYPE
•
At-Bit Steerable System
•
Rotary Steerable System
SERVICE
•
Drilling
•
Onshore
•
Logging-While-Drilling
•
Offshore
(LWD)
•
COMPONENT
•
Drilling Tool Rental
•
Rig Rental
•
OCTG Rental
•
Consumables
•
Others
APPLICATION
Year Range
Review Period
2015 – 2018
Measurement-While-
FIELD DEVELOPMENT TYPE
Drilling (MWD) & Survey
•
Motors (MUD Motors)
•
Greenfield
•
Others
•
Brownfield
Base Year
2019
Estimated Year
TECHNOLOGY
•
Wellbore Positioning
•
Side Tracking
•
Well Planning
•
Others
REGION
•
North America
•
Europe
•
Middle East & Africa
•
Asia-Pacific
•
South America
2020
Forecast Period
2021 – 2025
2
Table of Contents
S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Voice of Customer
5.
Global Directional Drilling Market Outlook
5.1.
Market Size & Forecast
5.1.1.
5.2.
By Value
Market Share & Forecast
5.2.1.
By Type (At-Bit Steerable System, Rotary Steerable System)
5.2.2.
By Component (Drilling Tool Rental, Rig Rental, OCTG Rental, Consumables, Others)
5.2.3.
By Service (Drilling, Logging-While-Drilling (LWD), Measurement-While-Drilling (MWD) &
Survey, Motors (MUD Motors), Others)
5.2.4.
By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others)
5.2.5.
By Application (Onshore v/s Offshore)
5.2.5.1.
5.3.
6.
Page No.
Offshore (Shallow, Deep, Ultra-deep)
5.2.6.
By Field Development Type (Greenfield Vs Brownfield)
5.2.7.
By Company (2019)
5.2.8.
By Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa)
Product Market Map
Asia-Pacific Directional Drilling Market Outlook
6.1.
Market Size & Forecast
6.1.1.
6.2.
By Value
Market Share & Forecast
6.2.1.
By Type
6.2.2.
By Component
6.2.3.
By Service
6.2.4.
By Technology
6.2.5.
By Application
3
Table of Contents
S. No.
Contents
6.3.
6.2.6.
By Field Development Type
6.2.7.
By Country
Page No.
Asia-Pacific: Country Analysis
6.3.1.
6.3.2.
6.3.3.
China Directional Drilling Market Outlook
6.3.1.1.
Market Size & Forecast
By Value
6.3.1.1.1.
6.3.1.2.
Market Share & Forecast
6.3.1.2.1.
By Type
6.3.1.2.2.
By Component
6.3.1.2.3.
By Service
6.3.1.2.4.
By Technology
6.3.1.2.5.
By Field Development Type
Indonesia Directional Drilling Market Outlook
6.3.2.1.
Market Size & Forecast
By Value
6.3.2.1.1.
6.3.2.2.
Market Share & Forecast
6.3.2.2.1.
By Type
6.3.2.2.2.
By Component
6.3.2.2.3.
By Service
6.3.2.2.4.
By Technology
6.3.2.2.5.
By Field Development Type
India Directional Drilling Market Outlook
6.3.3.1.
Market Size & Forecast
6.3.3.1.1.
6.3.3.2.
By Value
Market Share & Forecast
6.3.3.2.1.
By Type
4
Table of Contents
S. No.
Contents
6.3.4.
6.3.5.
6.3.3.2.2.
By Component
6.3.3.2.3.
By Service
6.3.3.2.4.
By Technology
6.3.3.2.5.
By Field Development Type
Malaysia Directional Drilling Market Outlook
6.3.4.1.
Market Size & Forecast
By Value
6.3.4.1.1.
6.3.4.2.
Market Share & Forecast
6.3.4.2.1.
By Type
6.3.4.2.2.
By Component
6.3.4.2.3.
By Service
6.3.4.2.4.
By Technology
6.3.4.2.5.
By Field Development Type
Thailand Directional Drilling Market Outlook
6.3.5.1.
Market Size & Forecast
6.3.5.1.1.
6.3.5.2.
6.3.6.
Page No.
By Value
Market Share & Forecast
6.3.5.2.1.
By Type
6.3.5.2.2.
By Component
6.3.5.2.3.
By Service
6.3.5.2.4.
By Technology
6.3.5.2.5.
By Field Development Type
Australia Directional Drilling Market Outlook
6.3.6.1.
Market Size & Forecast
6.3.6.1.1.
6.3.6.2.
By Value
Market Share & Forecast
5
Table of Contents
S. No.
7.
Contents
6.3.6.2.1.
By Type
6.3.6.2.2.
By Component
6.3.6.2.3.
By Service
6.3.6.2.4.
By Technology
6.3.6.2.5.
By Field Development Type
Page No.
Europe Directional Drilling Market Outlook
7.1.
Market Size & Forecast
7.1.1.
7.2.
7.3.
By Value
Market Share & Forecast
7.2.1.
By Type
7.2.2.
By Component
7.2.3.
By Service
7.2.4.
By Technology
7.2.5.
By Application
7.2.6.
By Field Development Type
7.2.7.
By Country
Europe: Country Analysis
7.3.1.
Russia Directional Drilling Market Outlook
7.3.1.1.
Market Size & Forecast
By Value
7.3.1.1.1.
7.3.1.2.
Market Share & Forecast
7.3.1.2.1.
By Type
7.3.1.2.2.
By Component
7.3.1.2.3.
By Service
7.3.1.2.4.
By Technology
By Field Development Type
7.3.1.2.5.
6
Table of Contents
S. No.
Contents
7.3.2.
Norway Directional Drilling Market Outlook
7.3.2.1.
Market Size & Forecast
7.3.2.1.1.
7.3.2.2.
7.3.3.
7.3.4.
Page No.
By Value
Market Share & Forecast
7.3.2.2.1.
By Type
7.3.2.2.2.
By Component
7.3.2.2.3.
By Service
7.3.2.2.4.
By Technology
7.3.2.2.5.
By Field Development Type
United Kingdom Directional Drilling Market Outlook
7.3.3.1.
Market Size & Forecast
By Value
7.3.3.1.1.
7.3.3.2.
Market Share & Forecast
7.3.3.2.1.
By Type
7.3.3.2.2.
By Component
7.3.3.2.3.
By Service
7.3.3.2.4.
By Technology
7.3.3.2.5.
By Field Development Type
Netherlands Directional Drilling Market Outlook
7.3.4.1.
Market Size & Forecast
By Value
7.3.4.1.1.
7.3.4.2.
Market Share & Forecast
7.3.4.2.1.
By Type
7.3.4.2.2.
By Component
7.3.4.2.3.
By Service
7.3.4.2.4.
By Technology
7
Table of Contents
S. No.
Contents
7.3.4.2.5.
7.3.5.
8.
Page No.
By Field Development Type
Denmark Directional Drilling Market Outlook
7.3.5.1.
Market Size & Forecast
7.3.5.1.1.
By Value
7.3.5.2.
Market Share & Forecast
7.3.5.2.1.
By Type
7.3.5.2.2.
By Component
7.3.5.2.3.
By Service
7.3.5.2.4.
By Technology
7.3.5.2.5.
By Field Development Type
North America Directional Drilling Market Outlook
8.1.
Market Size & Forecast
8.1.1.
8.2.
8.3.
By Value
Market Share & Forecast
8.2.1.
By Type
8.2.2.
By Component
8.2.3.
By Service
8.2.4.
By Technology
8.2.5.
By Application
8.2.6.
By Field Development Type
8.2.7.
By Country
North America: Country Analysis
8.3.1.
United States Directional Drilling Market Outlook
8.3.1.1.
Market Size & Forecast
8.3.1.1.1.
By Value
8.3.1.2.
Market Share & Forecast
8.3.1.2.1.
By Type
8
Table of Contents
S. No.
Contents
8.3.2.
8.3.3.
9.
8.3.1.2.2.
By Component
8.3.1.2.3.
By Service
8.3.1.2.4.
By Technology
8.3.1.2.5.
By Field Development Type
Page No.
Mexico Directional Drilling Market Outlook
8.3.2.1.
Market Size & Forecast
By Value
8.3.2.1.1.
8.3.2.2.
Market Share & Forecast
8.3.2.2.1.
By Type
8.3.2.2.2.
By Component
8.3.2.2.3.
By Service
8.3.2.2.4.
By Technology
8.3.2.2.5.
By Field Development Type
Canada Directional Drilling Market Outlook
8.3.3.1.
Market Size & Forecast
By Value
8.3.3.1.1.
8.3.3.2.
Market Share & Forecast
8.3.3.2.1.
By Type
8.3.3.2.2.
By Component
8.3.3.2.3.
By Service
8.3.3.2.4.
By Technology
8.3.3.2.5.
By Field Development Type
South America Directional Drilling Market Outlook
9.1.
Market Size & Forecast
9.1.1.
9.2.
By Value
Market Share & Forecast
9
Table of Contents
S. No.
Contents
9.3.
9.2.1.
By Type
9.2.2.
By Component
9.2.3.
By Service
9.2.4.
By Technology
9.2.5.
By Application
9.2.6.
By Field Development Type
9.2.7.
By Country
Page No.
South America: Country Analysis
9.3.1.
Brazil Directional Drilling Market Outlook
9.3.1.1.
Market Size & Forecast
9.3.1.1.1
9.3.1.2.
9.3.2.
By Value
Market Share & Forecast
9.3.1.2.1.
By Type
9.3.1.2.2.
By Component
9.3.1.2.3.
By Service
9.3.1.2.4.
By Technology
9.3.1.2.5.
By Field Development Type
Argentina Directional Drilling Market Outlook
9.3.2.1.
Market Size & Forecast
9.3.2.1.1
9.3.2.2.
By Value
Market Share & Forecast
9.3.2.2.1.
By Type
9.3.2.2.2.
By Component
9.3.2.2.3.
By Service
9.3.2.2.4.
By Technology
9.3.2.2.5.
By Field Development Type
10
Table of Contents
S. No.
Contents
9.3.2.
Colombia Directional Drilling Market Outlook
9.3.2.1.
Market Size & Forecast
9.3.2.1.1
9.3.2.2.
10.
Page No.
By Value
Market Share & Forecast
9.3.2.2.1.
By Type
9.3.2.2.2.
By Component
9.3.2.2.3.
By Service
9.3.2.2.4.
By Technology
9.3.2.2.5.
By Field Development Type
Middle East & Africa Directional Drilling Market Outlook
10.1.
Market Size & Forecast
10.1.1.
10.2.
10.3.
By Value
Market Share & Forecast
10.2.1.
By Type
10.2.2.
By Component
10.2.3.
By Service
10.2.4.
By Technology
10.2.5.
By Application
10.2.6.
By Field Development Type
10.2.7.
By Country
MEA: Country Analysis
10.3.1.
Saudi Arabia Directional Drilling Market Outlook
10.3.1.1.
Market Size & Forecast
10.3.1.1.1
10.3.1.2.
By Value
Market Share & Forecast
10.3.1.2.1.
By Type
11
Table of Contents
S. No.
Contents
10.3.2.
10.3.3.
10.3.4.
10.3.1.2.2.
By Component
10.3.1.2.3.
By Service
10.3.1.2.4.
By Technology
10.3.1.2.5.
By Field Development Type
Page No.
Kuwait Directional Drilling Market Outlook
10.3.2.1.
Market Size & Forecast
By Value
10.3.2.1.1.
10.3.2.2.
Market Share & Forecast
10.3.2.2.1.
By Type
10.3.2.2.2.
By Component
10.3.2.2.3.
By Service
10.3.2.2.4.
By Technology
10.3.2.2.5.
By Field Development Type
UAE Directional Drilling Market Outlook
10.3.3.1.
Market Size & Forecast
By Value
10.3.3.1.1.
10.3.3.2.
Market Share & Forecast
10.3.3.2.1.
By Type
10.3.3.2.2.
By Component
10.3.3.2.3.
By Service
10.3.3.2.4.
By Technology
10.3.3.2.5.
By Field Development Type
Nigeria Directional Drilling Market Outlook
10.3.4.1.
Market Size & Forecast
By Value
10.3.4.1.1.
10.3.4.2.
Market Share & Forecast
12
Table of Contents
S. No.
Contents
10.3.4.2.1.
By Type
10.3.4.2.2.
By Component
10.3.4.2.3.
By Service
10.3.4.2.4.
By Technology
10.3.4.2.5.
By Field Development Type
11.
Impact of COVID-19 on Global Directional Drilling Market
12.
Market Dynamics
12.1.
Drivers
12.2.
Challenges
13.
Market Trends & Developments
14.
Competitive Landscape
15.
Strategic Recommendations
16.
About Us & Disclaimer
Page No.
13
RESEARCH
METHODOLOGY
Research Methodology
Market
Profiling
In-depth secondary
research was conducted to
determine top players in
the global directional
drilling market, overall
market size and segmental
market size.
Formulating
Questionnaire
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
Developing List
of Respondents
Data
Collection
Data
Validation
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
List of industry
players and industry
specialists was
developed.
Primary Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Desk Research
✓ Identifying Key Opinion
Leaders
Business
Solution
✓ Questionnaire Design
✓
✓
LinkedIn
TechSci Internal
Database
✓
✓
✓
✓
✓
Company Websites
Company Annual
Reports
White Paper Study
Financial Reports
Investor
Presentations
Regulatory Body
Associations, etc.
Company Analysis
✓ Recent Developments
✓ Market Participants
✓ Market Changing
Aspects/Dynamics
✓ Key Strengths
✓ Conclusion
Secondary
Research
✓
✓
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global directional
drilling market.
✓ Government Policies
✓ In-depth Interviews
Primary Research
Data
Analysis
Paid Sources
✓
✓
Factiva
Hoovers
15
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global directional drilling market. The team has analyzed
the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for energy, ongoing
advancements in shale gas explorations, new oilfield discoveries, among others. The study includes market forecasting, which would enable our clients
to take better decisions while planning their strategy to achieve sustainability in the global directional drilling market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as directional drilling companies, channel partners,
market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 directional drilling companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain
stakeholders in the global directional drilling market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.
16
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by type, by component, by service, by technology, by
application, by field development type, by each region, and by company. Removing the outlier responses, the geometric mean of growth estimates
and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares
generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by type, by component, by service, by technology, by application, by field development type, by each region and by company were
calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market
shares or revenue generated from various segments of directional drilling markets. The final shares were calculated by taking the geometric mean of
the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global directional
drilling market, TechSci Research used various forecast techniques such as:
✓
Moving Average
✓
Time Series Analysis
✓
Regression Analysis
✓
Econometric and Judgmental Analysis
17
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),
with the market size indicated in USD million.
Partial List of Companies Interviewed
Key Secondary Sources
▪ Baker Hughes Company
▪ World Bank
▪ Halliburton Company
▪ TechSci Research Proprietary Database & Knowledge
▪ Schlumberger Limited
Repository
▪ National Oilwell Varco, Inc.
▪ Company Annual Reports
▪ Gyrodata Incorporated
▪ Industry Magazines
▪ Scientific Drilling International
▪ Industry Reports
▪ Leam Drilling Systems, LLC
▪ News Dailies
▪ Weatherford International Inc.
▪ Credible Paid Databases
18
INDUSTRY BRIEF
According to TechSci Research report, “Global Directional Drilling Market By Type (At-Bit Steerable System, Rotary Steerable
System), By Component (Drilling Tool Rental, Rig Rental, OCTG Rental, Consumables, Others), By Service (Drilling, Logging-WhileDrilling (LWD), Measurement-While-Drilling (MWD) & Survey, Motors (MUD Motors), Others), By Technology (Wellbore Positioning,
Side Tracking, Well Planning, Others), By Application (Onshore v/s Offshore), By Field Development Type (Greenfield Vs Brownfield),
By Region, Forecast & Opportunities, 2025”, the global directional drilling market is expected to grow at a steady rate during the
forecast period on account of the ongoing shale gas developments. However, growing focus on renewable and cleaner forms of
energy is expected to hamper the growth of market during forecast period. Additionally, stringent government regulatory policies
regarding oil & gas field developments are further expected to restrict the growth of market over 2025.
The global directional drilling market is segmented based on type, component, service, technology, application, field development
type, company and region. Based on type, the market can be bifurcated into at-bit steerable system and rotary steerable system. The
rotary steerable system is expected to dominate the market during forecast years. This can be attributed to the need for remote
steering which provides improved trajectory control resulting in reduced drilling time and smoother well bores. Based on service, the
market can be fragmented into drilling, logging-while-drilling (LWD), measurement-while-drilling (MWD) & survey, motors (MUD
Motors), and others. The measurement-while-drilling (MWD) & survey segment is expected to hold the largest market share during
forecast period. This can be ascribed to the ability to continuously monitor wellbore and the real time directional survey of downhole
conditions. Based on application, the market can be divided into onshore and offshore. The onshore segment is expected to
dominate the market over the course of next five years owing to the increasing number of maturing onshore wells.
Baker Hughes Company, Halliburton Company, Schlumberger Limited, National Oilwell Varco, Inc., Gyrodata Incorporated, Scientific
Drilling International, Leam Drilling Systems, LLC, Weatherford International Inc., Jindal Drilling & Industries Limited, Cathedral
Energy Services Ltd. and others are some of the leading players operating in global directional drilling market. The companies
operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For
instance, in October 2016, National Oilwell Varco, developed its closed loop automation system. This system uses intelligent controls
to develop its technology. This system is a combination of drilling systems, software application of eVolve Optimization Service, NOV
Operating System (NOVOS) and control systems. This system will enhance the operators drilling operations. Furthermore, in
September 2016, Halliburton Company released new drilling motors GeoForce Endure and StrataForce Endure motors, these motors
reduce non-productive time associated with chunking, and enhances the motors reliability in harsh environments.
“North America is expected to dominate the directional drilling market until 2025, owing to the ongoing technological advancements in
drilling such as long-reach horizontal well bores in the region. Furthermore, the increasing shale gas explorations especially in the
United states and Canada are projected to foster the growth of market during the forecast years. Additionally, increasing investments
by the governments across the globe and key players in the market is further spurring the growth of market in the region.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
19
SAMPLE DATA - SNAPSHOT
Global Directional Drilling Market Size, By Value (USD Million), 2015-2025F
5.00
7.00
6.00
8.00
CAGR By Value
2015
XX%
9.00
10.00
2019
2020E
11.00
13.00
12.00
14.00
CAGR By Value
2025F
YY%
By Value (USD Million)
15.00
North America Directional Drilling Market Share, By Type, By Value, 2015–2025F
At-Bit
Steerable
System
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
Rotary
Steerable
System
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
United States Directional Drilling Market Share, By Component, By Value, 2015–2025F
Drilling Tool Rental
2025F
2024F
2023F
2022F
2021F
2020E
2019
2018
2017
2016
2015
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
Rig Rental
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
OCTG Rental
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
Consumables
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
Others
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20
REPORT ORDERING
Report Name: GLOBAL DIRECTIONAL DRILLING MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
License Type
Price
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$4450
Multi-User License
$5450
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$9450
To View Sample OR Purchase Report
21
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.
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with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
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