Global Managed Pressure Drilling Services Strategic Business Report 2022 - Featuring Ensign Energy Services, Halliburton, National Oilwell Varco and Schlumberger Among Others - ResearchAndMarkets.com
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
- Baker Hughes, a GE company
- Blade Energy Partners
- Eds Group As (Enhanced Drilling)
- Ensign Energy Services Inc.
- National Oilwell Varco, Inc.
- Schlumberger Ltd.
- Weatherford International Ltd.
Key Topics Covered:
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
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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SOURCE: Research and Markets
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PUB: 01/04/2023 12:02 PM/DISC: 01/04/2023 12:01 PM