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Global Directional Drilling Service Market Research Report 2024
Synopsis
Directional drilling service, also known as directional boring or horizontal directional drilling (HDD), refers to a technique used in the field of drilling and excavation to create boreholes with a predetermined direction and pathway. Unlike traditional vertical drilling, directional drilling allows for the installation of underground infrastructures, such as pipelines or utilities, in a controlled and precise manner. This technique involves the use of specialized drilling equipment that can steer the drill bit underground, following a desired path while maintaining accurate measurements and angles. Directional drilling is commonly employed in various industries, including oil and gas exploration, utility installations, telecommunications, and environmental remediation.
The global Directional Drilling Service market was valued at US$ 9519 million in 2023 and is anticipated to reach US$ 10990 million by 2030, witnessing a CAGR of 2.1% during the forecast period 2024-2030.
The industry trend for directional drilling services is experiencing continuous growth and expansion. This can be attributed to several factors. Firstly, the demand for energy resources, especially fossil fuels, continues to rise, leading to the exploration and extraction of oil and gas in challenging terrains. Directional drilling enables access to these reserves by reaching them from distant or difficult-to-access locations. Moreover, as urban areas become densely populated, the need for installing utilities and infrastructure underground has increased. Directional drilling offers a less disruptive and cost-effective method for installing pipelines, fiber optic cables, or utilities without significant excavation or disruption to surface infrastructure. This trend is further supported by advancements in drilling technologies, including improved drilling tools and techniques, which enable more accurate and efficient directional drilling operations.
This report aims to provide a comprehensive presentation of the global market for Directional Drilling Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Directional Drilling Service.
Report Scope
The Directional Drilling Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Directional Drilling Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Directional Drilling Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GE Oil and Gas
Halliburton
Scientific Drilling International
DP Jindal Group
GE(Baker Hughes)
National Oilwell Varco
Nabors Industries
Schlumberger Limited
Cathedral Energy Services
Weatherford International
Leam Drilling Systems
Jindal Drilling and Industries Limited
Gyrodata Incorporated
GB Directional Drilling Services
Quanta Services
Segment by Type
Vertical Drilling
Incline Drilling
Horizontal Drilling
Segment by Application
Onshore
Offshore
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Directional Drilling Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Directional drilling service, also known as directional boring or horizontal directional drilling (HDD), refers to a technique used in the field of drilling and excavation to create boreholes with a predetermined direction and pathway. Unlike traditional vertical drilling, directional drilling allows for the installation of underground infrastructures, such as pipelines or utilities, in a controlled and precise manner. This technique involves the use of specialized drilling equipment that can steer the drill bit underground, following a desired path while maintaining accurate measurements and angles. Directional drilling is commonly employed in various industries, including oil and gas exploration, utility installations, telecommunications, and environmental remediation.
The global Directional Drilling Service market was valued at US$ 9519 million in 2023 and is anticipated to reach US$ 10990 million by 2030, witnessing a CAGR of 2.1% during the forecast period 2024-2030.
The industry trend for directional drilling services is experiencing continuous growth and expansion. This can be attributed to several factors. Firstly, the demand for energy resources, especially fossil fuels, continues to rise, leading to the exploration and extraction of oil and gas in challenging terrains. Directional drilling enables access to these reserves by reaching them from distant or difficult-to-access locations. Moreover, as urban areas become densely populated, the need for installing utilities and infrastructure underground has increased. Directional drilling offers a less disruptive and cost-effective method for installing pipelines, fiber optic cables, or utilities without significant excavation or disruption to surface infrastructure. This trend is further supported by advancements in drilling technologies, including improved drilling tools and techniques, which enable more accurate and efficient directional drilling operations.
This report aims to provide a comprehensive presentation of the global market for Directional Drilling Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Directional Drilling Service.
Report Scope
The Directional Drilling Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Directional Drilling Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Directional Drilling Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GE Oil and Gas
Halliburton
Scientific Drilling International
DP Jindal Group
GE(Baker Hughes)
National Oilwell Varco
Nabors Industries
Schlumberger Limited
Cathedral Energy Services
Weatherford International
Leam Drilling Systems
Jindal Drilling and Industries Limited
Gyrodata Incorporated
GB Directional Drilling Services
Quanta Services
Segment by Type
Vertical Drilling
Incline Drilling
Horizontal Drilling
Segment by Application
Onshore
Offshore
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Directional Drilling Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Directional Drilling Service Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Vertical Drilling
1.2.3 Incline Drilling
1.2.4 Horizontal Drilling
1.3 Market by Application
1.3.1 Global Directional Drilling Service Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Onshore
1.3.3 Offshore
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Directional Drilling Service Market Perspective (2019-2030)
2.2 Directional Drilling Service Growth Trends by Region
2.2.1 Global Directional Drilling Service Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Directional Drilling Service Historic Market Size by Region (2019-2024)
2.2.3 Directional Drilling Service Forecasted Market Size by Region (2025-2030)
2.3 Directional Drilling Service Market Dynamics
2.3.1 Directional Drilling Service Industry Trends
2.3.2 Directional Drilling Service Market Drivers
2.3.3 Directional Drilling Service Market Challenges
2.3.4 Directional Drilling Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Directional Drilling Service Players by Revenue
3.1.1 Global Top Directional Drilling Service Players by Revenue (2019-2024)
3.1.2 Global Directional Drilling Service Revenue Market Share by Players (2019-2024)
3.2 Global Directional Drilling Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Directional Drilling Service Revenue
3.4 Global Directional Drilling Service Market Concentration Ratio
3.4.1 Global Directional Drilling Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Directional Drilling Service Revenue in 2023
3.5 Directional Drilling Service Key Players Head office and Area Served
3.6 Key Players Directional Drilling Service Product Solution and Service
3.7 Date of Enter into Directional Drilling Service Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Directional Drilling Service Breakdown Data by Type
4.1 Global Directional Drilling Service Historic Market Size by Type (2019-2024)
4.2 Global Directional Drilling Service Forecasted Market Size by Type (2025-2030)
5 Directional Drilling Service Breakdown Data by Application
5.1 Global Directional Drilling Service Historic Market Size by Application (2019-2024)
5.2 Global Directional Drilling Service Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Directional Drilling Service Market Size (2019-2030)
6.2 North America Directional Drilling Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Directional Drilling Service Market Size by Country (2019-2024)
6.4 North America Directional Drilling Service Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Directional Drilling Service Market Size (2019-2030)
7.2 Europe Directional Drilling Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Directional Drilling Service Market Size by Country (2019-2024)
7.4 Europe Directional Drilling Service Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Directional Drilling Service Market Size (2019-2030)
8.2 Asia-Pacific Directional Drilling Service Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Directional Drilling Service Market Size by Region (2019-2024)
8.4 Asia-Pacific Directional Drilling Service Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Directional Drilling Service Market Size (2019-2030)
9.2 Latin America Directional Drilling Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Directional Drilling Service Market Size by Country (2019-2024)
9.4 Latin America Directional Drilling Service Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Directional Drilling Service Market Size (2019-2030)
10.2 Middle East & Africa Directional Drilling Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Directional Drilling Service Market Size by Country (2019-2024)
10.4 Middle East & Africa Directional Drilling Service Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 GE Oil and Gas
11.1.1 GE Oil and Gas Company Detail
11.1.2 GE Oil and Gas Business Overview
11.1.3 GE Oil and Gas Directional Drilling Service Introduction
11.1.4 GE Oil and Gas Revenue in Directional Drilling Service Business (2019-2024)
11.1.5 GE Oil and Gas Recent Development
11.2 Halliburton
11.2.1 Halliburton Company Detail
11.2.2 Halliburton Business Overview
11.2.3 Halliburton Directional Drilling Service Introduction
11.2.4 Halliburton Revenue in Directional Drilling Service Business (2019-2024)
11.2.5 Halliburton Recent Development
11.3 Scientific Drilling International
11.3.1 Scientific Drilling International Company Detail
11.3.2 Scientific Drilling International Business Overview
11.3.3 Scientific Drilling International Directional Drilling Service Introduction
11.3.4 Scientific Drilling International Revenue in Directional Drilling Service Business (2019-2024)
11.3.5 Scientific Drilling International Recent Development
11.4 DP Jindal Group
11.4.1 DP Jindal Group Company Detail
11.4.2 DP Jindal Group Business Overview
11.4.3 DP Jindal Group Directional Drilling Service Introduction
11.4.4 DP Jindal Group Revenue in Directional Drilling Service Business (2019-2024)
11.4.5 DP Jindal Group Recent Development
11.5 GE(Baker Hughes)
11.5.1 GE(Baker Hughes) Company Detail
11.5.2 GE(Baker Hughes) Business Overview
11.5.3 GE(Baker Hughes) Directional Drilling Service Introduction
11.5.4 GE(Baker Hughes) Revenue in Directional Drilling Service Business (2019-2024)
11.5.5 GE(Baker Hughes) Recent Development
11.6 National Oilwell Varco
11.6.1 National Oilwell Varco Company Detail
11.6.2 National Oilwell Varco Business Overview
11.6.3 National Oilwell Varco Directional Drilling Service Introduction
11.6.4 National Oilwell Varco Revenue in Directional Drilling Service Business (2019-2024)
11.6.5 National Oilwell Varco Recent Development
11.7 Nabors Industries
11.7.1 Nabors Industries Company Detail
11.7.2 Nabors Industries Business Overview
11.7.3 Nabors Industries Directional Drilling Service Introduction
11.7.4 Nabors Industries Revenue in Directional Drilling Service Business (2019-2024)
11.7.5 Nabors Industries Recent Development
11.8 Schlumberger Limited
11.8.1 Schlumberger Limited Company Detail
11.8.2 Schlumberger Limited Business Overview
11.8.3 Schlumberger Limited Directional Drilling Service Introduction
11.8.4 Schlumberger Limited Revenue in Directional Drilling Service Business (2019-2024)
11.8.5 Schlumberger Limited Recent Development
11.9 Cathedral Energy Services
11.9.1 Cathedral Energy Services Company Detail
11.9.2 Cathedral Energy Services Business Overview
11.9.3 Cathedral Energy Services Directional Drilling Service Introduction
11.9.4 Cathedral Energy Services Revenue in Directional Drilling Service Business (2019-2024)
11.9.5 Cathedral Energy Services Recent Development
11.10 Weatherford International
11.10.1 Weatherford International Company Detail
11.10.2 Weatherford International Business Overview
11.10.3 Weatherford International Directional Drilling Service Introduction
11.10.4 Weatherford International Revenue in Directional Drilling Service Business (2019-2024)
11.10.5 Weatherford International Recent Development
11.11 Leam Drilling Systems
11.11.1 Leam Drilling Systems Company Detail
11.11.2 Leam Drilling Systems Business Overview
11.11.3 Leam Drilling Systems Directional Drilling Service Introduction
11.11.4 Leam Drilling Systems Revenue in Directional Drilling Service Business (2019-2024)
11.11.5 Leam Drilling Systems Recent Development
11.12 Jindal Drilling and Industries Limited
11.12.1 Jindal Drilling and Industries Limited Company Detail
11.12.2 Jindal Drilling and Industries Limited Business Overview
11.12.3 Jindal Drilling and Industries Limited Directional Drilling Service Introduction
11.12.4 Jindal Drilling and Industries Limited Revenue in Directional Drilling Service Business (2019-2024)
11.12.5 Jindal Drilling and Industries Limited Recent Development
11.13 Gyrodata Incorporated
11.13.1 Gyrodata Incorporated Company Detail
11.13.2 Gyrodata Incorporated Business Overview
11.13.3 Gyrodata Incorporated Directional Drilling Service Introduction
11.13.4 Gyrodata Incorporated Revenue in Directional Drilling Service Business (2019-2024)
11.13.5 Gyrodata Incorporated Recent Development
11.14 GB Directional Drilling Services
11.14.1 GB Directional Drilling Services Company Detail
11.14.2 GB Directional Drilling Services Business Overview
11.14.3 GB Directional Drilling Services Directional Drilling Service Introduction
11.14.4 GB Directional Drilling Services Revenue in Directional Drilling Service Business (2019-2024)
11.14.5 GB Directional Drilling Services Recent Development
11.15 Quanta Services
11.15.1 Quanta Services Company Detail
11.15.2 Quanta Services Business Overview
11.15.3 Quanta Services Directional Drilling Service Introduction
11.15.4 Quanta Services Revenue in Directional Drilling Service Business (2019-2024)
11.15.5 Quanta Services Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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