Directional Drilling Solutions & Services Market

1. Directional Drilling Solutions & Services Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026 Directional Drilling Solutions & Services Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. The market in this report is studied across solutions, services, and applications. Across solutions, the market is further segmented into new purchase and rentals. Both sub-segments include, measurement-while-drilling (MWD) tools, logging-while-drilling (LWD) tools, Rotary steerable systems (RSS) tools, mud motors, and others. Services segment is further studied across MWD services, LWD services, RSS services, repair & maintenance, and consulting & other services. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/market-insight/directional-drilling-solutions- and-services-market-2558 Market Drivers: Increasing development of unconventional oil and gas resources is expected to boost the market growth over the forecast period Advancement in directional drilling such as measurement while drilling (MWD) and downhole motor (DHM) technologies have led to development of unconventional oil and gas resources by improving access to the reservoir from surface locations and increasing reservoir contact. For instance, in April 2017, Toro launched a new horizontal directional drill operating system, which allows pipe handling functions to be performed using a single input on the joystick in the SmartTouch operating mode. Moreover, horizontal well ofers greater wellbore contact with the reservoir than a vertical well. In a horizontal well, the length of reservoir contact is limited by the

2. length of the lateral, which is determined by the mechanical ability to extend the drill bit along the lateral. North America held dominant position in the directional drilling solutions & services market in 2017 North America directional drilling solutions and services market generated revenue of US$ 3,642.3 Mn in 2017. By 2026, the market is projected to reach US$ 8,148.1 Mn with a CAGR of 9.0% over the forecast period. North America held the dominant position in the market in 2017, and is expected to maintain its dominance over the forecast period, owing to rapidly growing petroleum sector in the U.S. and Canada. For instance, according to the U.S. Energy Information Administration (EIA), in August 2018, the U.S. crude oil production exceeded 11.3 million barrels per day, which is further expected to generate demand for directional drilling services for crude oil production in the region. Global Directional Drilling Solutions & Services Market: Key Players Major players operating in the global directional drilling solutions & services industry include, Schlumberger Limited, Halliburton Company, Downhole Drilling Services, LLC, Segofs Energy Services Limited, General Electric Company, KAMBI Enterprises Inc., Tolteq Group, LLC (National Oilwell Varco, Inc.), APS Technology, Inc., Shanghai Oilfeld Equipment Co., Limited (SOECO), Beijing Geoshine Oilfeld Technology Services Co., Ltd., Compass Directional Guidance, Inc., Scientifc Drilling International, CBG Corp, China Oilfeld Services Limited (COSL), Weatherford, Bench Tree, and Newsco International Energy Services Inc.. Detailed Segmentation: •Global Directional Drilling Solutions & Services Market, By Solution: •New Purchase •Measurement While Drilling (MWD) Tools •Intelligent Pulser Gamma Module (IPGM) •Directional Module •Surface System •Logging & Tracking Software •Batteries •Others •Logging While Drilling (LWD) Tools •Gamma Ray Tools

3. •Sonic Tools •Calliper Tools •Formation & Testing Tools •Others •Rotary Steerable System •Mud Motors •Others Inquire Here Before Purchase of Research Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/2558 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting frm ofering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com