DUBLIN--(BUSINESS WIRE)--Jan 4, 2023--

The “Managed Pressure Drilling Services: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Managed Pressure Drilling Services estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$5.9 Billion by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027.

Constant Bottom Hole Pressure, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$2.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mud Cap Drilling segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 3.4% CAGR

The Managed Pressure Drilling Services market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 3.4% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Dual Gradient Drilling Segment to Record 3.2% CAGR

In the global Dual Gradient Drilling segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$634.4 Million in the year 2020 will reach a projected size of US$796.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 12 Featured) -

• Aker Solutions ASA
• Archer
• Baker Hughes, a GE company
• Blade Energy Partners
• Eds Group As (Enhanced Drilling)
• Ensign Energy Services Inc.
• Halliburton
• National Oilwell Varco, Inc.
• Schlumberger Ltd.
• Weatherford International Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Managed Pressure Drilling Services - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/s6kl19

View source version on businesswire.com:https://www.businesswire.com/news/home/20230104005805/en/

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KEYWORD:

INDUSTRY KEYWORD: ENERGY NATURAL RESOURCES MINING/MINERALS OIL/GAS

SOURCE: Research and Markets

Copyright Business Wire 2023.

PUB: 01/04/2023 12:02 PM/DISC: 01/04/2023 12:01 PM

http://www.businesswire.com/news/home/20230104005805/en