The global managed pressure drilling services market is projected to witness high growth on account of growing need for optimized drilling processes and safe & effective operational aspects of managed pressure drilling. The global market is estimated to be USD 3.81 Billion in 2016, and is projected to reach USD 4.60 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Deepwater drilling in Africa and Latin America is expected to boost the demand for managed pressure drilling services during the forecast period.
The report covers major market players such as Schlumberger Limited. (U.S.), Halliburton (U.S.), Archer Well Services (U.K.), Weatherford International (Ireland), and Baker Hughes (U.S.) among others. These companies together occupy more than three-fourth of the managed pressure drilling services market.
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Scope of the Report:
• By Application:
o Onshore
o Offshore
• By Technology
o Constant Bottom Hole Pressure (CBHP)
o Mud Cap Drilling (MCD)
o Dual Gradient Drilling (DGD)
o Return Flow Control Drilling (RFCD)
• By Region
o North America
o Europe
o Asia-Pacific
o Middle East
o Latin America
o Africa
Browse 65 market data Tables and 53 Figures spread through 138 Pages and in-depth TOC on "Managed Pressure Drilling Services Market - Global Trends and Forecasts to 2021"
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Research Methodology:
• Major regions have been identified along with countries contributing the maximum share, based on the prevalence of relevant applications
• Secondary research has been conducted to find the market size for different regions, calculated by taking into account the regional break-up of demand and consumption, further validating it with region-wise presence of managed pressure drilling service companies in those regions and their corresponding revenues
• Primary interviews from manufacturers and suppliers helped to obtain and verify critical qualitative & quantitative information as well as assess future market prospects. Information obtained has been used to estimate the share of different segments of managed pressure drilling services in regional markets
• The revenue of the top companies (regional/global), product pricing, and industry trends along with top-down, bottom-up, and MnM KNOW have been used to estimate the market size
Target Audience:
-Managed pressure drilling services equipment manufacturers, dealers, and suppliers
-Manufacturing, oil & gas, mining, and process industries
-Consulting companies in the energy and power sector
-State and national regulatory authorities
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North America: the largest market for managed pressure drilling services
North America is projected to be the largest market for managed pressure drilling services till 2021. Within North America, the U.S. is the largest market, accounting for the maximum share. Meanwhile, Canada is also expected to show reasonable growth, given its development of unconventional sources, such as tar sands and tight oil. Meanwhile, Africa is the fastest growing within the managed pressure drilling services market, due to the recent discoveries occurring offshore in countries such as Angola, Tanzania, and Mozambique, among others. In addition, offshore developments in the Red Sea region by countries such as Saudi Arabia, Qatar, and UAE is expected to drive the growth of the Middle East managed pressure drilling services market.
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