What is a Drilling Services Industry strategy? Fortune Business Insights

Posted on Jan 6 2022 5:14 AM

"Key Players profiled in Drilling Services Market Are Sumitomo Precision Products Co (Japan), Siemens (Germany), DV8 Technology Ltd. (UK), REFLEX NOW (Australia), Motive Drilling Technologies (U.S.), Kearfott Corporation (U.S.), ION Geophysical (U.S.), Zupt, LLC (U.S.), KLX Energy Services (U.S.), Welltec (Denmark), International Drilling Services LLC (Oman), Boart Longyear (U.S.), The Weir Group PLC (UK), AlMansoori Specialized Engineering (United Arab Emirates). "

What is Drilling Services Industry? Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. Drilling Services Market Size, Share & COVID-19 Impact Analysis, By Service (Directional Drilling {Measurement While Drilling, Logging While Drilling, Rotary Steerable System, Gyro Drilling, Magnetic Drilling, and Others} and Non-Directional Drilling), By Application (Onshore and Offshore {Shallow Water, Deepwater, and Ultra-Deepwater}), By End-User (Oil & Gas, Mining, Water Exploration, and Others), and Regional Forecast, 2020-2027

This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Drilling Services Industry report.

"The global drilling services market size stood at USD 12.88 Billion in 2019 and is projected to reach USD 17.44 Billion by 2027, exhibiting at a CAGR of 8.6% in the forecast period"

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Important Features that are under Offering and Key Highlights of the Market Report:

  • Detailed overview of the global market share
  • Changing market dynamics of the industry
  • In-depth market segmentation by Type, Application, etc.
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Drilling Services Industry
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

Rigional Insights

Increasing Oil Production in the US to Aid the North America Market Growth

North America is expected to dominate the drilling services market share during the forecast period owing to the rising production level of oil & gas in the US and Canada. Moreover, drilling technologies are being extensively employed in the US to discover shale gas reserves, which will put the US at the forefront of the hydrocarbon industry. In 2019, the North America market size stood at USD 4.93 billion.

In Asia Pacific, the Drilling Services Market is anticipated to experience prolific growth on account of the abundant availability of mineral and metal reserves spread across the region, which will stoke the demand for drilling services. On the other hand, the market in the Middle East & Africa is likely to undergo speedy expansion due to the rich presence of oil reserves in this region.

Key players covered in the global Drilling Services Industry research report:

  • Sumitomo Precision Products Co (Japan)
  • Siemens (Germany)
  • DV8 Technology Ltd. (UK)
  • REFLEX NOW (Australia)
  • Motive Drilling Technologies (U.S.)
  • Kearfott Corporation (U.S.)
  • ION Geophysical (U.S.)
  • Zupt, LLC (U.S.)
  • KLX Energy Services (U.S.)
  • Welltec (Denmark)
  • International Drilling Services LLC (Oman)
  • Boart Longyear (U.S.)
  • The Weir Group PLC (UK)
  • AlMansoori Specialized Engineering (United Arab Emirates)
  • Leam Drilling Systems LLC (U.S.)
  • Petrofac (UK)
  • Superior Energy Services (U.S.)
  • VES Survey International (U.S.)
  • Unitech Drilling Company Limited (Nigeria)
  • Compass Directional Guidance, Inc. (U.S.)
  • Oceaneering (U.S.)
  • TechnipFMC (UK)
  • Halliburton (U.S.)
  • Inertial Sensing One AB (Sweden)
  • Axis Mining Technology (Australia)
  • Devico AS (Norway)
  • Stockholm Precision Tools AB (SPT) (Sweden)
  • Gyrodata (U.S.)
  • Emerson (U.S.)
  • Schneider Electric (France)
  • Erdos Miller (U.S.)
  • Oliden Technology (U.S.)
  • Gyro Australia (Australia)
  • Phoenix Technology Services (Canada)
  • Center Drill Inc. (U.S.)
  • Gyro Drilling (Netherlands)
  • JAE (Japan)
  • Radial Drilling Services, Inc. (U.S.)
  • Integra (Russia)
  • JINDAL DRILLING & INDUSTRIES LTD. (India)
  • NewTech Services (Russia)
  • NOV (U.S.)
  • Huracan Pty Ltd. (Australia)
  • Baker Hughes (U.S.)
  • Archer - the well company (Norway)
  • DIDRILLSA LTDA (Colombia)
  • Drill Tech Solution (Azerbaijan)
  • China Oilfield Services Limited (China)
  • AnTech (UK)
  • Weatherford (Switzerland)
  • Nabors Industries (U.S.)
  • Scientific Drilling (U.S.)
  • Brownline (Netherlands)
  • Icefield Tools Corporation (Canada)
  • Schlumberger (U.S.)

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Major Table of Contents for Drilling Services Industry Research Report:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key Market Growth Insights
  • Global Market Analysis, Insights and Forecast, 2017-2027
  • North America Market Analysis, Insights and Forecast, 2017-2027
  • Europe Market Analysis, Insights and Forecast, 2017-2027
  • Asia Pacific Market Analysis, Insights and Forecast, 2017-2027
  • The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2027
  • Latin America Market Analysis, Insights and Forecast, 2017-2027
  • Competitive Landscape
  • Global Drilling Services Industry Revenue Growth, Industry Share Analysis, By Key Players, 2021
  • Company Profiles
  • Conclusion

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