Global Horizontal Directional Drilling Market Study, 2019 to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 9, 2019--The “Global Horizontal Directional Drilling Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The horizontal directional drilling market will register a CAGR of close to 8% by 2023.
The rising drilling activities in remote areas are impacting the horizontal directional drilling market growth during the forecast period.
E&P companies are starting to explore unconventional avenues for exploration in remote areas. For instance, the Middle East, the Gulf of Mexico, and the North Sea have been witnessing a reduction in the rate of production. In addition, the rise in the adoption of deepwater and ultra-deep-water drilling has further led to an increase in the investments of offshore drilling projects, in turn, contributing to the horizontal directional drilling market growth during the forecast period.
Growing consumption of oil and gas
The consumption of oil and gas continues to increase due to the rising worldwide demand for energy. The increasing consumption of oil and gas is expected to grow due to the increase in industrialization and urbanization in developing countries.
Growing adoption of renewable energy
The increase in renewable energy sources will affect the conventional fuel market as more investments are being redirected toward renewable energy sources. This will affect the growth of the global horizontal directional drilling market during the forecast period.
The market appears to be highly fragmented with the presence of several market players. The company is focusing on applications like predictable end-to-end real-time workflows, which are accessible from everywhere through the transformation of the cloud platform.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/fo2ja6
View source version on businesswire.com:https://www.businesswire.com/news/home/20190509005496/en/
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Related Topics:Oil and Gas Exploration and Production
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/09/2019 07:46 AM/DISC: 05/09/2019 07:46 AM