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Global Rotary Steerable Systems Market Outlook, 2019-2023 - Consolidation of Oil & Gas Companies to Drive Market Growth - ResearchAndMarkets.com

January 28, 2019

DUBLIN--(BUSINESS WIRE)--Jan 28, 2019--The “Global Rotary Steerable Systems Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

Consolidation of oil and gas companies to drive market growth

To increase market share in a new energy environment where the adoption of alternative fuels and renewable energy sources is increasing, companies have resorted to the organizational restructuring of their business lines. They are opting for mergers and acquisitions. partnerships. and collaboration to cope with the changing oil and gas market conditions. Many large oil and gas companies have acquired other companies for increasing their market share and market position in the oil and gas industry.

Increase in investments toward directional drilling

Directional drilling is widely carried out in countries such as the US, Canada, and Saudi Arabia: this has led to the increase in the production of oil and gas from unconventional reserves. The rise in the adoption of directional drilling technologies for unconventional oil and gas production supports the growth of the global rotary steerable systems market.

Environmental concerns associated with the hydraulic fracturing process

Directional drilling has broader applications in hydraulic fracturing due to its application in horizontal drilling. The US is a major region where hydraulic fracturing is taking place at a large scale. However, there are advantages of hydraulic fracturing in the form of increased oil and gas production, but there are also environmental concerns due to methane leaks and water pollution during fracking. It is a potential threat to the entire process.

Key Players

Baker Hughes Halliburton National Oilwell Varco Schlumberger Weatherford

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

Comparison by application Onshore - Market size and forecast 2018-2023 Offshore - Market size and forecast 2018-2023 Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

Increase in adoption of integrated rotary steerable systems Increasing applications of IoT in oil and gas Consolidation of oil and gas companies

PART 11: VENDOR LANDSCAPE

PART 12: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Baker Hughes Halliburton National Oilwell Varco Schlumberger Weatherford

For more information about this report visit https://www.researchandmarkets.com/research/8mtf3f/global_rotary?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005440/en/

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KEYWORD:

INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/28/2019 10:46 AM/DISC: 01/28/2019 10:46 AM

http://www.businesswire.com/news/home/20190128005440/en