Directional Drilling Market to Expand at a CAGR of 4.88% to 2021 Due to Rise in Oil & Gas Industry

Directional drilling is the practice of deviating the wellbore along a planned path to a specific location (also known as target location). The target location is predetermined and is at a given lateral distance and direction from the vertical. Directional drilling is carried out as vertically as possible from a given true vertical depth (TVD).

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Technavios analysts forecast the global directional drilling market to grow at a CAGR of 4.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global directional drilling market for 2017-2021. To calculate the market size, the report considers the services market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Directional Drilling Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Baker Hughes
Halliburton
Schlumberger
Weatherford

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Other prominent vendors
Cathedral Energy Services
Directional Technologies
Ensco
Gyrodata
Jindal Drilling and Industries
LEAM Drilling Systems
MOTIVE DRILLING TECHNOLOGIES
Nabors Industries
National Oilwell Varco
Seadrill
SCIENTIFIC DRILLING INTERNATIONAL
TRANSOCEAN

Market driver
Rise in the development of unconventional oil and gas resources
For a full, detailed list, view our report

Market challenge
Fluctuations in oil and gas prices
For a full, detailed list, view our report

Market trend
Technological innovations
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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