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Horizontal Directional Drilling Market 2022-2026

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    Report

  • 120 Pages
  • March 2022
  • Region: Global
  • TechNavio
  • ID: 5558011
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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.

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
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Onshore - Market size and forecast 2021-2026
Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
5.4 Offshore - Market size and forecast 2021-2026
Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 APAC - Market size and forecast 2021-2026
Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 Russia - Market size and forecast 2021-2026
Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
7.11 Canada - Market size and forecast 2021-2026
Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.12 India - Market size and forecast 2021-2026
Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Baker Hughes Co.
Exhibit 89: Baker Hughes Co. - Overview
Exhibit 90: Baker Hughes Co. - Business segments
Exhibit 91: Baker Hughes Co. - Key news
Exhibit 92: Baker Hughes Co. - Key offerings
Exhibit 93: Baker Hughes Co. - Segment focus
10.4 Barbco Inc.
Exhibit 94: Barbco Inc. - Overview
Exhibit 95: Barbco Inc. - Product/Service
Exhibit 96: Barbco Inc. - Key offerings
10.5 Halliburton Co.
Exhibit 97: Halliburton Co. - Overview
Exhibit 98: Halliburton Co. - Business segments
Exhibit 99: Halliburton Co. - Key news
Exhibit 100: Halliburton Co. - Key offerings
Exhibit 101: Halliburton Co. - Segment focus
10.6 Helmerich and Payne Inc.
Exhibit 102: Helmerich and Payne Inc. - Overview
Exhibit 103: Helmerich and Payne Inc. - Business segments
Exhibit 104: Helmerich and Payne Inc. - Key offerings
Exhibit 105: Helmerich and Payne Inc. - Segment focus
10.7 Huisman Equipment BV
Exhibit 106: Huisman Equipment BV - Overview
Exhibit 107: Huisman Equipment BV - Product/Service
Exhibit 108: Huisman Equipment BV - Key offerings
10.8 Koltek LLC
Exhibit 109: Koltek LLC - Overview
Exhibit 110: Koltek LLC - Product/Service
Exhibit 111: Koltek LLC - Key offerings
10.9 Nabors Industries Ltd.
Exhibit 112: Nabors Industries Ltd. - Overview
Exhibit 113: Nabors Industries Ltd. - Business segments
Exhibit 114: Nabors Industries Ltd. - Key news
Exhibit 115: Nabors Industries Ltd. - Key offerings
Exhibit 116: Nabors Industries Ltd. - Segment focus
10.10 Schlumberger Ltd.
Exhibit 117: Schlumberger Ltd. - Overview
Exhibit 118: Schlumberger Ltd. - Business segments
Exhibit 119: Schlumberger Ltd. - Key offerings
Exhibit 120: Schlumberger Ltd. - Segment focus
10.11 Scientific Drilling International
Exhibit 121: Scientific Drilling International - Overview
Exhibit 122: Scientific Drilling International - Product/Service
Exhibit 123: Scientific Drilling International - Key offerings
10.12 Weatherford International Plc
Exhibit 124: Weatherford International Plc - Overview
Exhibit 125: Weatherford International Plc - Business segments
Exhibit 126: Weatherford International Plc - Key offerings
Exhibit 127: Weatherford International Plc - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 128: Inclusions checklist
11.3 Currency conversion rates for US$
Exhibit 129: Currency conversion rates for US$
11.4 Research methodology
Exhibit 130: Research methodology
Exhibit 131: Validation techniques employed for market sizing
Exhibit 132: Information sources
11.5 List of abbreviations
Exhibit 133: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Application - Market share 2021-2026 (%)
Exhibits 25: Data Table on Application - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Application
Exhibits 27: Data Table on Comparison by Application
Exhibits 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Application ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity By Geographical Landscape ($ million)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: Baker Hughes Co. - Overview
Exhibits 90: Baker Hughes Co. - Business segments
Exhibits 91: Baker Hughes Co. - Key news
Exhibits 92: Baker Hughes Co. - Key offerings
Exhibits 93: Baker Hughes Co. - Segment focus
Exhibits 94: Barbco Inc. - Overview
Exhibits 95: Barbco Inc. - Product/Service
Exhibits 96: Barbco Inc. - Key offerings
Exhibits 97: Halliburton Co. - Overview
Exhibits 98: Halliburton Co. - Business segments
Exhibits 99: Halliburton Co. - Key news
Exhibits 100: Halliburton Co. - Key offerings
Exhibits 101: Halliburton Co. - Segment focus
Exhibits 102: Helmerich and Payne Inc. - Overview
Exhibits 103: Helmerich and Payne Inc. - Business segments
Exhibits 104: Helmerich and Payne Inc. - Key offerings
Exhibits 105: Helmerich and Payne Inc. - Segment focus
Exhibits 106: Huisman Equipment BV - Overview
Exhibits 107: Huisman Equipment BV - Product/Service
Exhibits 108: Huisman Equipment BV - Key offerings
Exhibits 109: Koltek LLC - Overview
Exhibits 110: Koltek LLC - Product/Service
Exhibits 111: Koltek LLC - Key offerings
Exhibits 112: Nabors Industries Ltd. - Overview
Exhibits 113: Nabors Industries Ltd. - Business segments
Exhibits 114: Nabors Industries Ltd. - Key news
Exhibits 115: Nabors Industries Ltd. - Key offerings
Exhibits 116: Nabors Industries Ltd. - Segment focus
Exhibits 117: Schlumberger Ltd. - Overview
Exhibits 118: Schlumberger Ltd. - Business segments
Exhibits 119: Schlumberger Ltd. - Key offerings
Exhibits 120: Schlumberger Ltd. - Segment focus
Exhibits 121: Scientific Drilling International - Overview
Exhibits 122: Scientific Drilling International - Product/Service
Exhibits 123: Scientific Drilling International - Key offerings
Exhibits 124: Weatherford International Plc - Overview
Exhibits 125: Weatherford International Plc - Business segments
Exhibits 126: Weatherford International Plc - Key offerings
Exhibits 127: Weatherford International Plc - Segment focus
Exhibits 128: Inclusions checklist
Exhibits 129: Currency conversion rates for US$
Exhibits 130: Research methodology
Exhibits 131: Validation techniques employed for market sizing
Exhibits 132: Information sources
Exhibits 133: List of abbreviations

Executive Summary

The Publisher Announces the Publication of its Research Report - Global Horizontal Directional Drilling Market 2022-2026

The 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