Directional Drilling Services Market is Expected to Register Considerable Growth by 2028
The directional drilling services market was valued at USD 8.5 billion in 2021 and is likely to grow at a CAGR of 5.31% during 2022-2028 to reach USD 12.28 billion in 2028.

Stratview Research, a global market intelligence firm, has launched a new research report on Directional Drilling Services Market by Application Type (Onshore Applications, Offshore Applications), by Drilling Technique Type (Conventional Methods, Rotary Steerable System), by Service Type (LWD, MWD & Survey, RSS, and Motors), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the analysis, the directional drilling services market was valued at USD 8.5 billion in 2021 and is likely to grow at a CAGR of 5.31% during 2022-2028 to reach USD 12.28 billion in 2028.

What is directional drilling?

Directional drilling is a drilling technique that involves controlling the direction and deviation of a wellbore to a targeted location. Directional drilling allows the drilling of multiple wells from a single site and provides access to such oil and gas-producing zones which can’t be reached with normal vertical-drilling practices.

Companies profiled -

Below given is the list of key players mentioned in the report -

  • Baker Hughes, a GE Company LLC
  • Halliburton Company
  • National Oilwell Varco, Inc.
  • Schlumberger Limited
  • Weatherford International PLC.

Market Drivers

The growth of the directional drilling services market is primarily driven by:

  • The increase in demand for drilling multiple wells from single sites,
  • The mounting production levels through directional drilling.

About Stratview Research-

Stratview Research is a global business intelligence firm having a strong and experienced team of industry professionals and research analysts. It has a wide clientele across all the major industries worldwide. Stratview Research currently serves a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, our aim is to build long term relations with our clients through unparalleled service.

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