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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Target Audience:
The report caters to following audiences:
-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
“Study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments”.
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
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North America is expected to dominate the market throughout the forecast period, due to technological capabilities and the ability to invest huge capital. There has been a 15% increase in U.S. crude oil production levels between 2013 and 2014. The U.S. accounts for a major portion of the drilling activities in the region. On the other hand, the African market is likely to have the fastest growth during the forecast period as increased production in West Africa is expected to counter the production decline from the North African region.
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