The Inside Story of Managed Pressure Drilling Services Market and its Growing Demand

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:
  • Onshore
  • Offshore
• By Technology
  • Constant Bottom Hole Pressure (CBHP)
  • Mud Cap Drilling (MCD)
  • Dual Gradient Drilling (DGD)
  • Return Flow Control Drilling (RFCD)
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • Latin America
  • Africa

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The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on galley equipment offered by the top players in the global managed pressure drilling services market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the managed pressure drilling services market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the managed pressure drilling services market across regions
• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global managed pressure drilling services market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global managed pressure drilling services market

Reasons to buy this report:

From an insight perspective, this research has focused on various analysis levels—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the managed pressure drilling services market; high-growth regions; and market drivers, restraints, and opportunities.

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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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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues