Managed Pressure Drilling Services Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Managed Pressure Drilling Services Market Forecast to 2023 Managed Pressure Drilling Services Market - Overview The transformation of managed pressure drilling from an answer for non-drillable wells to an active way out for well control has surged the growth of the market significantly over the last few years. Implementation of managed pressure drilling (MPD) has expanded considerably since it reduces the occurrence of drilling-related issues and help decrease the nonproductive time. Market for MPD has been projected to grow at a 3.92% CAGR over the forecast period. The market is anticipated to generate a revenue of USD 4,750.1 million by 2023.Lack of skilled labor coupled with a dearth of high process complexity to curtail risks associated with mud weight, low rate of penetration, and pore pressure during the drilling activity is likely to pose restrictions to the growth of the managed pressure drilling market. The increasing shale production has been boosted by growing preference for shale over natural gas production. This can be estimated to open new avenues for growth during the forecast period. Shale extraction has a number of risks related to the environment that includes the usage of technological assistance along with raw materials for which MPD is gradually being integrated. Incorporating MPD is expected to drive the market’s growth over the long term.
Ask for Sample @ https://www.marketresearchfuture.com/sample_request/1586 .
2
www.marketresearchfuture.com
Managed Pressure Drilling Services Market Forecast to 2023
Managed Pressure Drilling Services Market - Leading Players
The Managed Pressure Drilling Services Market has been dominated by key players such as Air Drilling Associates (US), National Oilwell Varco (US), Schlumberger Limited (US), Ensign Energy Services (Canada), Halliburton Inc (US), Oilserv (UAE),Weatherford International (US), Nabors Industries Limited (Bermuda), Enhanced Drilling Services (Norway), Beyond Energy (US), and AFGlobal (US). Browse Full Report @ https://www.marketresearchfuture.com/reports/managed-pressure-
drilling-market-1586
3
www.marketresearchfuture.com
Managed Pressure Drilling Services Market Forecast to 2023 MARKET SEGMENT Managed Pressure Drilling Services Market - Segments The managed pressure drilling market has been segmented based on technology, tool, regions, and application. Based on technology, the managed pressure drilling market has been segmented into dual gradient drilling, constant mud cap drilling, return flow control drilling, and bottom hole pressure. Based on tool, the managed pressure drilling market has been segmented into rotating control device (RCD), choke manifold systems, and non-return valves (NRV). Based on application, the managed pressure drilling market has been segmented as offshore and onshore.
4
www.marketresearchfuture.com
Managed Pressure Drilling Services Market Forecast to 2023 Regional Analysis: Geographically, managed pressure drilling market has been segmented into North America, Latin America, Asia Pacific, Africa, Middle East, and Europe. North America holds the largest share of 47.50% in the managed pressure drilling segment. North America is followed by Asia Pacific region with 27.65% market share. While Europe holds the third position in the market with 16.10% share. Companies in North America have been implementing the managed pressure drilling technology to make drilling and exploration operations simpler along with curtailing the risks related to drilling activities. APAC is replete of hydrocarbon resources in regions such as Gulf of Thailand, Malaysia, and Indonesia. These areas have huge potential for shale in nations such as China and India. The key reason boosting the concentration of drilling operators in the APAC is the existence of numerous confirmed reserves that are still uncharted in the region. Additionally, the nonstop growth of shale production in the south and central Asia is also amplifying the development of MPD market in the Asia Pacific region.
5
www.marketresearchfuture.com
ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com
Copyright Š 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
6
www.marketresearchfuture.com
MARKET RESEARCH FUTURE THANK YOU
salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
7
www.marketresearchfuture.com