Directional Drilling Services Market Progresses for Huge Profits by 2021

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Directional Drilling Services Market by
Application (Onshore, and Offshore), Type,
Service, and Region - Global Forecast to 2021
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The Directional Drilling Services Market is
expected to grow from an estimated USD 8.33
Billion in 2016 to USD 10.30 Billion by 2021, at
a CAGR of 4.34 from 2016 to 2021. Directional
drilling is the practice of controlling the
trajectory and deviation of the well during
drilling operations, along a planned path to
explore the oil from a targeted position in the
typical geologic structural oilfields.
Increasing demand for energy due to urbanization
industrialization, ongoing shale gas revolution
and new oilfield discoveries are the major
factors driving the market for directional
drilling across the globe. Browse and in-depth
TOC on "Directional Drilling Services
Market"   75 - Tables  45 - Figures   163 -
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the directional drilling services market in this
report has been classified based on the following
segments, namely, rotary steerable system (RSS),
Logging While Drilling (LWD), Measurement While
Drilling (MWD) survey, motors and others
(includes directional drilling technologies and
systems such as well bore positioning, automated
drilling systems, side tracking, well planning,
hydraulics, torque, and drag analysis). The RSS
segment dominated the directional drilling
services market in 2016 due to the increase in
the horizontal drilling activities associated
with the development of shale gas mainly in
countries such as China. According to the 12th
five year plan in China, the country planned on
increasing its natural gas consumption to 9,200
Bcf by 2015 as it looks to replace coal as a
chief energy source. Hence, the market size of
the RSS is the largest. Download PDF Brochure
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North America is expected to Lead the Directional
Drilling Services Market By 2021 North America is
currently the largest market for directional
drilling services, and the Middle East is
projected to grow at the highest CAGR during the
forecast period. In North America, most of the
directional and horizontal wells are drilled in
onshore reservoirs. In North America, the growth
of the directional drilling services market can
be attributed to factors such as ongoing shale
gas developments in countries like U.S. and
Canada. U.S. accounted for the majority share in
North America in 2016. Technological advancements
in drilling (long-reach horizontal well bores)
and completion techniques (multi-stage hydraulic
fracturing) are increasing the outlook for the
supply of crude oil in North America. The figure
given below shows the regional scenario of the
directional drilling services market from 2016 to
2021. Request Sample _at_ https//www.marketsandmar
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• Stakeholders
• The stakeholders included in this report are as
  follows
• Oilfield Service Companies
• Offshore and Onshore Rig Manufacturers
• Oil Gas Field Operators
• National Oil Companies
• Government and Research Organizations
• Consulting Companies of Oil Gas Industry
• Oil Gas Associations
• Investment banks
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• Key players -
• Baker Hughes Incorporated (U.S.),
• Halliburton Company (U.S.),
• Schlumberger Limited (U.S.),
• Weatherford International plc. (Switzerland),
• National Oilwell Varco, Inc. (U.S.),
• Nabors industries ltd. (Bermuda),
• Cathedral Energy Services Ltd (Canada),
• Jindal Drilling Industries Limited (India),
• General Electric Oil Gas (U.K.),
• Gyrodata (U.S.) ,
• Scientific drilling international (U.S.),
• LEAM drilling systems LLC, etc.
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