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Global Horizontal Directional Drilling Market Study, 2019 to 2023 - ResearchAndMarkets.com

May 9, 2019

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.

Competitive Landscape

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.

Key Players

Topics Covered

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

KEYWORD:

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

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