Managed Pressure Drilling Market 2020 Report offers a professional and in-depth study on the current state of the Global Managed Pressure Drilling Market along with competitive landscape, Managed Pressure Drilling Market share and revenue forecasts 2023.
Managed Pressure Drilling Market
Insights
The global managed pressure drilling market is
expected to expand at a CAGR of 3.92% during the forecast period from 2018 to
2023. This prediction has been made by Market Research Future in its newest report
on the subject which also estimates a market value that crosses USD 4,700Mn by
the end of 2023. Managed pressure drilling is most commonly employed in deep
offshore oil and gas wells as it is incredibly safe as well as efficient for
use in such areas for oil and gas extraction. Managed pressure drilling allows
oil & gas companies to conduct simulation programs in a controlled
environment which further helps the companies draw the right conclusions
regarding drilling activities, thus increasing efficiency.
Usage of managed pressure drilling involves high
process complexity which can be discouraging for adoption as there is a notable
lack of skilled labor available in the market. However, growing shale
production will introduce market opportunities in the coming years.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1586
Market Segmentation
The global managed pressure drilling market has been
segmented on the basis of technology, tool, application, and region. Technology
has been segmented into constant bottom hole pressure, mud cap drilling, dual
gradient drilling and return flow control drilling. The constant bottom hole
pressure market segment is expected to be a highly lucrative market segment
over the forecast period.
Tool has been segmented to include non-return valves
(NRV), rotating control device (RCD), choke manifold systems. The rotating
control device segment accounts for more than 40% of the total market and is
expected to be the dominant segment throughout the forecast period.
Application has been segmented into onshore and
offshore applications. Offshore applications are more commonly the target for
managed pressure drilling as such activities often pose challenges that can be
be resolved using managed pressure drilling solutions.
Browse
Full Report at: https://www.marketresearchfuture.com/reports/managed-pressure-drilling-market-1586
Regional Analysis
Among the various key regions analyzed in the
report, North America has captured more than a third of the global market share
in terms of market value. Valued at USD 1,801.9 in 2017, the North American
market is expected to grow at a CAGR of 4.15% during the assessment period.
North America has a high crude oil production which is growing rapidly due to
the adoption of new technologies and increasing exploration in deepwater
drilling are some factors driving the North American market. The Asia Pacific
and Europe follow North America respectively.
Key Players
National Oilwell Varco, Nabors Industries Ltd.,
Oilserv, AFGlobal, Beyond Energy, Halliburton Inc., Weatherford International,
Enhanced Drilling Services, Schlumberger Limited, Ensign Energy Services, and
Air Drilling Associates, Inc. are among the top contenders in the global
managed pressure drilling market as observed by MRFR. These market players have
been analyzed in the report for their contributions to market growth.
About 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.
Read
More:
No comments:
Post a Comment