Industry: Machinery & Equipment
Published Date: 2024-01-02
Pages: 97 Pages
Report ld: 2115476
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Directional Drilling Market Size(US$)

CAGR 2024-2030
3.6%
Market Size,2030
USD 12,230
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Directional drilling is a drilling technique in which the wellbore is drilled to the target layer along a pre-designed direction and trajectory, called directional drilling, and generally refers to oblique drilling and horizontal drilling. The directional drilling service market includes wellbore positioning, lateral tracking, automated drilling systems, well planning, etc.
The global Directional Drilling market was valued at US$ 9519 million in 2023 and is anticipated to reach US$ 12230 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.
The key players of Directional Drilling include Schlumberger, Halliburton, Baker Hughes/GE, , CNPC, Weatherford International, etc. The top five players of Directional Drilling account for approximately 74% of the total market. North America is the largest market of Directional Drilling accounting for about 28%, followed by Europe and China. In terms of Type, Horizontal Well Directional Drilling is the largest segment, with a share about 51%. And in terms of Application, the largest application is Land Directional Drilling, followed by Offshore Directional Drilling.
This report aims to provide a comprehensive presentation of the global market for Directional Drilling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Directional Drilling.
MARKET SEGMENTATION
REPORT SCOPE
The Directional Drilling market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Directional Drilling market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Directional Drilling companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Directional Drilling companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Directional Drilling Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Deviated Well Directional Drilling
1.2.3 Horizontal Well Directional Drilling
1.3 Market by Application
1.3.1 Global Directional Drilling Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Land Directional Drilling
1.3.3 Offshore Directional Drilling
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Directional Drilling Market Perspective (2019-2030)
2.2 Directional Drilling Growth Trends by Region
2.2.1 Global Directional Drilling Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Directional Drilling Historic Market Size by Region (2019-2024)
2.2.3 Directional Drilling Forecasted Market Size by Region (2025-2030)
2.3 Directional Drilling Market Dynamics
2.3.1 Directional Drilling Industry Trends
2.3.2 Directional Drilling Market Drivers
2.3.3 Directional Drilling Market Challenges
2.3.4 Directional Drilling Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Directional Drilling Players by Revenue
3.1.1 Global Top Directional Drilling Players by Revenue (2019-2024)
3.1.2 Global Directional Drilling Revenue Market Share by Players (2019-2024)
3.2 Global Directional Drilling Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Directional Drilling Revenue
3.4 Global Directional Drilling Market Concentration Ratio
3.4.1 Global Directional Drilling Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Directional Drilling Revenue in 2023
3.5 Directional Drilling Key Players Head office and Area Served
3.6 Key Players Directional Drilling Product Solution and Service
3.7 Date of Enter into Directional Drilling Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Directional Drilling Breakdown Data by Type
4.1 Global Directional Drilling Historic Market Size by Type (2019-2024)
4.2 Global Directional Drilling Forecasted Market Size by Type (2025-2030)
5 Directional Drilling Breakdown Data by Application
5.1 Global Directional Drilling Historic Market Size by Application (2019-2024)
5.2 Global Directional Drilling Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Directional Drilling Market Size (2019-2030)
6.2 North America Directional Drilling Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Directional Drilling Market Size by Country (2019-2024)
6.4 North America Directional Drilling Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Directional Drilling Market Size (2019-2030)
7.2 Europe Directional Drilling Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Directional Drilling Market Size by Country (2019-2024)
7.4 Europe Directional Drilling Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Directional Drilling Market Size (2019-2030)
8.2 Asia-Pacific Directional Drilling Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Directional Drilling Market Size by Region (2019-2024)
8.4 Asia-Pacific Directional Drilling Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Directional Drilling Market Size (2019-2030)
9.2 Latin America Directional Drilling Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Directional Drilling Market Size by Country (2019-2024)
9.4 Latin America Directional Drilling Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Directional Drilling Market Size (2019-2030)
10.2 Middle East & Africa Directional Drilling Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Directional Drilling Market Size by Country (2019-2024)
10.4 Middle East & Africa Directional Drilling Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Schlumberger
11.1.1 Schlumberger Company Detail
11.1.2 Schlumberger Business Overview
11.1.3 Schlumberger Directional Drilling Introduction
11.1.4 Schlumberger Revenue in Directional Drilling Business (2019-2024)
11.1.5 Schlumberger Recent Development
11.2 Halliburton
11.2.1 Halliburton Company Detail
11.2.2 Halliburton Business Overview
11.2.3 Halliburton Directional Drilling Introduction
11.2.4 Halliburton Revenue in Directional Drilling Business (2019-2024)
11.2.5 Halliburton Recent Development
11.3 Baker Hughes/GE
11.3.1 Baker Hughes/GE Company Detail
11.3.2 Baker Hughes/GE Business Overview
11.3.3 Baker Hughes/GE Directional Drilling Introduction
11.3.4 Baker Hughes/GE Revenue in Directional Drilling Business (2019-2024)
11.3.5 Baker Hughes/GE Recent Development
11.4 CNPC
11.4.1 CNPC Company Detail
11.4.2 CNPC Business Overview
11.4.3 CNPC Directional Drilling Introduction
11.4.4 CNPC Revenue in Directional Drilling Business (2019-2024)
11.4.5 CNPC Recent Development
11.5 Weatherford International
11.5.1 Weatherford International Company Detail
11.5.2 Weatherford International Business Overview
11.5.3 Weatherford International Directional Drilling Introduction
11.5.4 Weatherford International Revenue in Directional Drilling Business (2019-2024)
11.5.5 Weatherford International Recent Development
11.6 Nabors industries
11.6.1 Nabors industries Company Detail
11.6.2 Nabors industries Business Overview
11.6.3 Nabors industries Directional Drilling Introduction
11.6.4 Nabors industries Revenue in Directional Drilling Business (2019-2024)
11.6.5 Nabors industries Recent Development
11.7 SINOPEC
11.7.1 SINOPEC Company Detail
11.7.2 SINOPEC Business Overview
11.7.3 SINOPEC Directional Drilling Introduction
11.7.4 SINOPEC Revenue in Directional Drilling Business (2019-2024)
11.7.5 SINOPEC Recent Development
11.8 COSL
11.8.1 COSL Company Detail
11.8.2 COSL Business Overview
11.8.3 COSL Directional Drilling Introduction
11.8.4 COSL Revenue in Directional Drilling Business (2019-2024)
11.8.5 COSL Recent Development
11.9 Cathedral Energy Services
11.9.1 Cathedral Energy Services Company Detail
11.9.2 Cathedral Energy Services Business Overview
11.9.3 Cathedral Energy Services Directional Drilling Introduction
11.9.4 Cathedral Energy Services Revenue in Directional Drilling Business (2019-2024)
11.9.5 Cathedral Energy Services Recent Development
11.10 Gyrodata
11.10.1 Gyrodata Company Detail
11.10.2 Gyrodata Business Overview
11.10.3 Gyrodata Directional Drilling Introduction
11.10.4 Gyrodata Revenue in Directional Drilling Business (2019-2024)
11.10.5 Gyrodata Recent Development
11.11 ANTON
11.11.1 ANTON Company Detail
11.11.2 ANTON Business Overview
11.11.3 ANTON Directional Drilling Introduction
11.11.4 ANTON Revenue in Directional Drilling Business (2019-2024)
11.11.5 ANTON Recent Development
11.12 ZPEC
11.12.1 ZPEC Company Detail
11.12.2 ZPEC Business Overview
11.12.3 ZPEC Directional Drilling Introduction
11.12.4 ZPEC Revenue in Directional Drilling Business (2019-2024)
11.12.5 ZPEC Recent Development
11.13 Jindal Drilling & Industries
11.13.1 Jindal Drilling & Industries Company Detail
11.13.2 Jindal Drilling & Industries Business Overview
11.13.3 Jindal Drilling & Industries Directional Drilling Introduction
11.13.4 Jindal Drilling & Industries Revenue in Directional Drilling Business (2019-2024)
11.13.5 Jindal Drilling & Industries Recent Development
11.14 Scientific Drilling International
11.14.1 Scientific Drilling International Company Detail
11.14.2 Scientific Drilling International Business Overview
11.14.3 Scientific Drilling International Directional Drilling Introduction
11.14.4 Scientific Drilling International Revenue in Directional Drilling Business (2019-2024)
11.14.5 Scientific Drilling International Recent Development
11.15 LEAM Drilling Services
11.15.1 LEAM Drilling Services Company Detail
11.15.2 LEAM Drilling Services Business Overview
11.15.3 LEAM Drilling Services Directional Drilling Introduction
11.15.4 LEAM Drilling Services Revenue in Directional Drilling Business (2019-2024)
11.15.5 LEAM Drilling Services Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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