Energy and Power Directional Drilling Services Market

Directional Drilling Services Market Analysis, Status and
Business Outlook 2018 to 2021
The report "Directional Drilling Services Market by Application (Onshore, and Offshore),
Type (Conventional, and Rotary Steerable System), Service (LWD, MWD & Survey, RSS,
Motors), and Region - Global Forecast to 2021", 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.
Browse 75 market data tables and 45 figures spread through 163 pages and in-depth TOC
on “Directional Drilling Services Market by Application (Onshore, and Offshore), Type
(Conventional, and Rotary Steerable System), Service (LWD, MWD & Survey, RSS, Motors),
and Region - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/directional-drilling-services-market-
249722563.html
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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.
Rotary Steerable systems (RSS) based service would dominate the global directional drilling
services market
In terms of services, 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.
Conventional is the largest type-based market segment