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The publisher has been monitoring the horizontal directional drilling market and it is poised to grow by $ 3.28 bn during 2022-2026, progressing at a CAGR of 7.96% during the forecast period. This report on the horizontal directional drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising unconventional drilling activities, growing consumption of oil and gas, and drilling activities in remote areas.
The horizontal directional drilling market analysis includes the application segment and geographic landscape.
The horizontal directional drilling market is segmented as below:
By Application
- Onshore
- Offshore
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the automation in horizontal directional drilling technique as one of the prime reasons driving the horizontal directional drilling market growth during the next few years. Also, innovations in rotary steerable systems and increase in production efficiency of oilfields using big data analytics will lead to sizable demand in the market.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
This report on horizontal directional drilling market covers the following areas:
- Horizontal directional drilling market sizing
- Horizontal directional drilling market forecast
- Horizontal directional drilling market industry analysis
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading horizontal directional drilling market vendors that include APS Technology Inc., Baker Hughes Co., Barbco Inc., China Oilfield Services Ltd., Cathedral Energy Services Ltd., Compass Directional Services Ltd., Halliburton Co., Helmerich and Payne Inc., Huisman Equipment BV, Koltek LLC, Millennium Directional Service Ltd., MS Directional, Nabors Industries Ltd., National Energy Services Reunited Corp., NOV Inc., PHX Energy Services Corp., Precision HDD LLC, Schlumberger Ltd., Scientific Drilling International, and Weatherford International Plc. Also, the horizontal directional drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
List of Exhibits
Executive Summary
The Publisher Announces the Publication of its Research Report - Global Horizontal Directional Drilling Market 2022-2026The publisher recognizes the following companies as the key players in the global horizontal directional drilling market: APS Technology Inc., Baker Hughes Co., Barbco Inc., China Oilfield Services Ltd., Cathedral Energy Services Ltd., Compass Directional Services Ltd., Halliburton Co., Helmerich and Payne Inc., Huisman Equipment BV, Koltek LLC, Millennium Directional Service Ltd., MS Directional, Nabors Industries Ltd., National Energy Services Reunited Corp., NOV Inc., PHX Energy Services Corp., Precision HDD LLC, Schlumberger Ltd., Scientific Drilling International, and Weatherford International Plc.
Commenting on the report, an analyst from the publisher said: 'The latest trend gaining momentum in the market is automation in horizontal directional drilling technique.'
According to the report, one of the major drivers for this market is the rising unconventional drilling activities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- APS Technology Inc.
- Baker Hughes Co.
- Barbco Inc.
- China Oilfield Services Ltd. Â
- Cathedral Energy Services Ltd.
- Compass Directional Services Ltd.
- Halliburton Co.
- Helmerich and Payne Inc.
- Huisman Equipment BV
- Koltek LLC
- Millennium Directional Service Ltd.
- MS Directional
- Nabors Industries Ltd.
- National Energy Services Reunited Corp.
- NOV Inc.
- PHX Energy Services Corp.
- Precision HDD LLC
- Schlumberger Ltd.
- Scientific Drilling International
- Weatherford International Plc
