Ongoing shale gas developments are expected to drive the growth of United States directional drilling services market
According to TechSci Research report, “United States Directional Drilling Services Market By Type, By Service, By Technology, By Application, By Region, Forecast & Opportunities, 2025”, the United States directional drilling services market is expected to grow at a steady rate during the forecast period on account of the associated benefits such as flexibility, quicker installation with lower costs, lower geological abnormalities & soil contamination, minimum site restoration, among others. However, stringent regulatory policies can hamper the growth of market during forecast period. Additionally, growing focus on renewable energy can further restrict the growth of market.
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The United States directional drilling services market is segmented based on type, service, technology, application, company and region. Based on application, the market can be bifurcated into onshore and offshore. The onshore segment is expected to dominate the market over the coming years. This can be accredited to the high number of maturing onshore wells in the country. Additionally, increasing shale gas production in the US and well intervention activities in its shale basin are further expected to propel the market over the next five years.
Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, National Oilwell Varco, Inc., Gyrodata Incorporated, Scientific Drilling International, Leam Drilling Systems, LLC, Weatherford International Inc. and others are some of the leading players operating in United States directional drilling services market.
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“United States directional drilling services market is expected to witness significant growth during the forecast period, owing to the emergence of tight oil and shale gas as an important and new source of energy in the country. Additionally, the technological advancements in drilling such as long-reach horizontal well bores and completion techniques such as multi-stage hydraulic fracturing and others are further projected to increase the adoption of this service in the country over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Directional Drilling Services Market By Type, By Service, By Technology, By Application, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States directional drilling services market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States directional drilling services market.
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