Managed Pressure Drilling Market to set CAGR of 4.9% by 2028
The managed pressure drilling market is expected to grow from US$ 4,298.97 million in 2021 to US$ 6,004.50 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.
Managed pressure drilling process involves controlling the annular pressure levels throughout the wellbore. The process helps save cost, time, and money, and brings greater safety into drilling operations. This process enables drilling the challenging, complex extended-reach deep-gas deep water wells. Onshore and offshore drilling activities are increasing continuously across the world, which is one of the major factors driving the managed pressure drilling market. The onshore drilling activities are expected to increase from 46,000 wells drilled in 2020 to ~51,700 wells in 2021, recording a 12% rise. Further, the offshore drilling activities are expected to surge at a 10% year-on-year rate in 2021 and 2022. As a result, the number of offshore wells drilled is expected to reach ~2,500 in 2021, compared to less than 2,300 in 2020. In January 2020, Total SA announced that it is preparing to drill a new offshore well at a record water depth of 3,628 m off the coast of Angola, surpassing its Raya-1 well drilled at 3,400 m water depth in Uruguay. Thus, with the increase in such activities, the demand for pressure drilling equipment and services is increasing.
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Managed Pressure Drilling Market: Strategic Insights
Market Size Value in US$ 4,298.97 million in 2021 Market Size Value by US$ 6,004.50 million by 2028 Growth rate CAGR of 4.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Managed Pressure Drilling Market: Strategic Insights
| Market Size Value in | US$ 4,298.97 million in 2021 |
| Market Size Value by | US$ 6,004.50 million by 2028 |
| Growth rate | CAGR of 4.9% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Managed Pressure Drilling Market
The COVID-19 pandemic has shaken several industries across the world. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has adversely affected economies and countless industries in various countries. The lockdown imposition has also reduced the production of commodities, goods, and services.
In 2020, the COVID-19 pandemic negatively influenced the oil industry owing to the considerable disruptions in the supply chain activities in the industry coupled with the restrictions on international trade by several countries in the wake of the pandemic. Furthermore, the global oil prices plummeted significantly owing to the limited demand and continuous production by the oil producing countries added to the considerable decline in production activities among the major oil producing countries. Consequently, the discontinuation of oil extraction activities virtually disrupted the demand for managed pressure drilling market. As a result, during the early months of 2020, several countries witnessed a reduction in the demand for managed pressure drilling due to the implementation of lockdown in several countries because of the COVID-19 pandemic, which hindered the global managed pressure drilling market growth.
In 2021, with the uplifting of lockdown and vaccination processes, the manufacturing and construction companies have started working again. Therefore, oil production and the demand for managed pressure drilling equipment and machinery are growing, which would propel the growth of the global managed pressure drilling market in the coming years.
Managed Pressure Drilling Market Insights
Significant Investments in Oil and Gas Projects
Several significant investments have been observed in oil and gas projects across the world, and the resultant availability of funds for procuring modern technologies is boosting the demand for managed pressure drilling. A few of these investments are mentioned below:
- According to the Brazilian National Agency of Petroleum (ANP—Agência Nacional do Petróleo), the oil & gas sector in the country is expected to receive an investment of US$ 13.00 billion in the exploration and production (E&P) activities in 2021. Of the total, ~US$ 4.00 billion (reais ~16 billion) will be available for the drilling sector.
- According to the Oxford Energy data in December 2019, the Brazilian Petroleum, Gas and Biofuels Institute (IBP), an industry association representing oil and natural gas producers, US$ 135 billion would be invested in exploration, drilling, and production till 2030, with a peak of ~US$ 19 billion in 2024–25.
- According to NES Fircroft data in January 2020, the Alaska LNG liquefaction plant project has been in the pipeline for several years, with several invested parties operating as a consortium under the name Alaska LNG. This includes ExxonMobil, ConocoPhillips Alaska, and Alaska Gasline Development Corporation with35%, 20%, and 25% shares, respectively. Further, BP plc held a 20% share but, in August 2019, it agreed to sell all their Alaskan interests to Hilcorp Alaska for US$ 5.6 billion.
Thus, with significant investments in oil and gas projects, the drilling operations are likely to increase in the coming years, thereby fueling the demand for managed pressure drilling equipment and services.
Technology - Based Market Insights
Based on technology, the managed pressure drilling market is segmented into constant bottom hole pressure (CBHP), mud cap drilling (MCD), dual gradient drilling (DGD), and return flow control drilling (RFCD). In 2020, the constant bottom hole pressure (CBHP) segment led the market, accounting for the largest market share.
Managed Pressure Drilling Market Report Scope
Application-Based Market Insights
Based on application, the managed pressure drilling market is bifurcated into onshore and offshore. In 2020, the offshore segment accounted for a larger market share.
The players operating in the managed pressure drilling market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In August 2021, ADS Services, LLC, a provider of drilling and pressure control technologies and solutions, reorganized its product and service portfolio and increased its management team.
- In October 2018, Archer successfully transitioned over four new and nine existing operations to the “Drilling Services Fixed Platforms” contract with Equinor previously awarded on April 3rd, 2018. Archer now provides integrated drilling, engineering, rentals, and well services on 13 of the 20 Equinor production drilling and quarters (PDQ) platforms on the Norwegian Continental Shelf.
The global managed pressure drilling market has been segmented as mentioned below:
By Technology
- Constant Bottom Hole Pressure (CBHP)
- Mud Cap Drilling (MCD)
- Dual Gradient Drilling (DGD)
- Return Flow Control Drilling (RFCD)
By Application
- Onshore
- Offshore
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Ensign Energy Services
- Archer
- Blade Energy Partners
- Nabors Industries Ltd.
- Air Drilling Associates, Inc.
- ADS Services, LLC
- Halliburton Energy Services, Inc.
- Schlumberger Limited
- Weatherford International plc
- NOV Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global managed pressure drilling market was dominated by the offshore segment with market share ~ 70% in 2020.
In 2020, North America led the market with a substantial revenue share, followed by APAC and Europe. North America is a prospective market for managed pressure drilling manufacturers.
The major companies in managed pressure drilling includes Schlumberger Limited; NOV Inc.; Weatherford International plc; Ensign Energy Services; and Halliburton Energy Services, Inc.
The global managed pressure drilling market was dominated by the constant bottom hole pressure (CBHP) segment with market share of more than 40% in 2020.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including managed pressure drilling market. Thus, the growing use of modern drilling equipment for high-pressure, high-temperature wells are presenting significant potential for the future growth of the managed pressure drilling market players.
Continuous rise in onshore and offshore drilling activities and significant investments in oil and gas projects are driving the growth of the managed pressure drilling market. These factors are propelling the adoption of managed pressure drilling equipment and machinery in oil industries.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Managed Pressure Drilling Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Managed Pressure Drilling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Continuous Rise in Onshore and Offshore Drilling Activities
5.1.2 Significant Investments in Oil and Gas Projects
5.2 Market Restraints
5.2.1 Volatility of Crude Oil Prices
5.3 Market Opportunities
5.3.1 Growing Use of Modern Drilling Equipment for High-Pressure, High-Temperature Wells
5.4 Future Trends
5.4.1 Proliferation of Industry 4.0
5.5 Impact Analysis of Drivers and restraints
6. Managed pressure drilling – Global Market Analysis
6.1 Managed Pressure Drilling Global Overview
6.2 Managed Pressure Drilling Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Market Players Ranking
7. Managed Pressure Drilling Market Analysis – By Technology
7.1 Overview
7.2 Managed Pressure Drilling Market Breakdown, by Technology, 2020 & 2028
7.3 Constant Bottom Hole Pressure (CBHP)
7.3.1 Overview
7.3.2 Constant Bottom Hole Pressure (CBHP) Market Revenue and Forecast to 2028 (US$ Million)
7.4 Mud Cap Drilling (MCD)
7.4.1 Overview
7.4.2 Mud Cap Drilling (MCD) Market Revenue and Forecast to 2028 (US$ Million)
7.5 Dual Gradient Drilling (DGD)
7.5.1 Overview
7.5.2 Dual Gradient Drilling (DGD) Market Revenue and Forecast to 2028 (US$ Million)
7.6 Return Flow Control Drilling (RFCD)
7.6.1 Overview
7.6.2 Return Flow Control Drilling (RFCD) Market Revenue and Forecast to 2028 (US$ Million)
8. Managed Pressure Drilling Market Analysis – By Application
8.1 Overview
8.2 Managed Pressure Drilling Market, By Application (2020 and 2028)
8.3 Onshore
8.3.1 Overview
8.3.2 Onshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Offshore
8.4.1 Overview
8.4.2 Offshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)
9. Global Managed Pressure Drilling Market – Geographic Analysis
9.1 Overview
9.2 North America Managed Pressure Drilling Market Revenue and Forecast to 2028
9.2.1 Overview
9.2.2 North America Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.2.3 North America Managed Pressure Drilling Market Breakdown, By Technology
9.2.4 North America Managed Pressure Drilling Market Breakdown, By Application
9.2.5 North America Managed Pressure Drilling Market Breakdown, By Country
9.2.5.1 US Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.2.5.1.1 US Managed Pressure Drilling Market Breakdown, By Technology
9.2.5.1.2 US Managed Pressure Drilling Market Breakdown, By Application
9.2.5.2 Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.2.5.2.1 Canada Managed Pressure Drilling Market Breakdown, By Technology
9.2.5.2.2 Canada Managed Pressure Drilling Market Breakdown, By Application
9.2.5.3 Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.2.5.3.1 Mexico Managed Pressure Drilling Market Breakdown, By Technology
9.2.5.3.2 Mexico Managed Pressure Drilling Market Breakdown, By Application
9.3 Europe Managed Pressure Drilling Market Revenue and Forecast to 2028
9.3.1 Overview
9.3.2 Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.3 Europe Managed Pressure Drilling Market Breakdown, By Technology
9.3.4 Europe Managed Pressure Drilling Market Breakdown, By Application
9.3.5 Europe Managed Pressure Drilling Market Breakdown, By Country
9.3.5.1 Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.5.1.1 Germany Managed Pressure Drilling Market Breakdown, By Technology
9.3.5.1.2 Germany Managed Pressure Drilling Market Breakdown, By Application
9.3.5.2 France Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.5.2.1 France Managed Pressure Drilling Market Breakdown, By Technology
9.3.5.2.2 France Managed Pressure Drilling Market Breakdown, By Application
9.3.5.3 Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.5.3.1 Italy Managed Pressure Drilling Market Breakdown, By Technology
9.3.5.3.2 Italy Managed Pressure Drilling Market Breakdown, By Application
9.3.5.4 UK Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.5.4.1 UK Managed Pressure Drilling Market Breakdown, By Technology
9.3.5.4.2 UK Managed Pressure Drilling Market Breakdown, By Application
9.3.5.5 Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.5.5.1 Russia Managed Pressure Drilling Market Breakdown, By Technology
9.3.5.5.2 Russia Managed Pressure Drilling Market Breakdown, By Application
9.3.5.6 Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.3.5.6.1 Rest of Europe Managed Pressure Drilling Market Breakdown, By Technology
9.3.5.6.2 Rest of Europe Managed Pressure Drilling Market Breakdown, By Application
9.4 APAC Managed Pressure Drilling Market Revenue and Forecast to 2028
9.4.1 Overview
9.4.2 APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.3 APAC Managed Pressure Drilling Market Breakdown, By Technology
9.4.4 APAC Managed Pressure Drilling Market Breakdown, By Application
9.4.5 APAC Managed Pressure Drilling Market Breakdown, By Country
9.4.5.1 China Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.5.1.1 China Managed Pressure Drilling Market Breakdown, By Technology
9.4.5.1.2 China Managed Pressure Drilling Market Breakdown, By Application
9.4.5.2 Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.5.2.1 Japan Managed Pressure Drilling Market Breakdown, By Technology
9.4.5.2.2 Japan Managed Pressure Drilling Market Breakdown, By Application
9.4.5.3 India Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.5.3.1 India Managed Pressure Drilling Market Breakdown, By Technology
9.4.5.3.2 India Managed Pressure Drilling Market Breakdown, By Application
9.4.5.4 South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.5.4.1 South Korea Managed Pressure Drilling Market Breakdown, By Technology
9.4.5.4.2 South Korea Managed Pressure Drilling Market Breakdown, By Application
9.4.5.5 Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.5.5.1 Australia Managed Pressure Drilling Market Breakdown, By Technology
9.4.5.5.2 Australia Managed Pressure Drilling Market Breakdown, By Application
9.4.5.6 Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.4.5.6.1 Rest of APAC Managed Pressure Drilling Market Breakdown, By Technology
9.4.5.6.2 Rest of APAC Managed Pressure Drilling Market Breakdown, By Application
9.5 MEA Managed Pressure Drilling Market Revenue and Forecast to 2028
9.5.1 Overview
9.5.2 MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.5.3 MEA Managed Pressure Drilling Market Breakdown, By Technology
9.5.4 MEA Managed Pressure Drilling Market Breakdown, By Application
9.5.5 MEA Managed Pressure Drilling Market Breakdown, By Country
9.5.5.1 UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.5.5.1.1 UAE Managed Pressure Drilling Market Breakdown, By Technology
9.5.5.1.2 UAE Managed Pressure Drilling Market Breakdown, By Technology
9.5.5.2 Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.5.5.2.1 Saudi Arabia Managed Pressure Drilling Market Breakdown, By Technology
9.5.5.2.2 Saudi Arabia Managed Pressure Drilling Market Breakdown, By Application
9.5.5.3 South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.5.5.3.1 South Africa Managed Pressure Drilling Market Breakdown, By Technology
9.5.5.3.2 South Africa Managed Pressure Drilling Market Breakdown, By Application
9.5.5.4 Rest of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.5.5.4.1 Rest of MEA Managed Pressure Drilling Market Breakdown, By Technology
9.5.5.4.2 Rest of MEA Managed Pressure Drilling Market Breakdown, By Application
9.6 SAM Managed Pressure Drilling Market Revenue and Forecast to 2028
9.6.1 Overview
9.6.2 SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.6.3 SAM Managed Pressure Drilling Market Breakdown, By Technology
9.6.4 SAM Managed Pressure Drilling Market Breakdown, By Application
9.6.5 SAM Managed Pressure Drilling Market Breakdown, By Country
9.6.5.1 Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.6.5.1.1 Brazil Managed Pressure Drilling Market Breakdown, By Technology
9.6.5.1.2 Brazil Managed Pressure Drilling Market Breakdown, By Application
9.6.5.2 Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.6.5.2.1 Argentina Managed Pressure Drilling Market Breakdown, By Technology
9.6.5.2.2 Argentina Managed Pressure Drilling Market Breakdown, By Application
9.6.5.3 Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
9.6.5.3.1 Rest of SAM Managed Pressure Drilling Market Breakdown, By Technology
9.6.5.3.2 Rest of SAM Managed Pressure Drilling Market Breakdown, By Application
10. Impact of COVID-19 Pandemic on Managed Pressure Drilling Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Ensign Energy Services
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Archer
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Blade Energy Partners
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nabors Industries Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Air Drilling Associates, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ADS Services, LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Halliburton Energy Services, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Schlumberger Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Weatherford International plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 NOV Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. About The Insight Partners
13.1 Word Index
LIST OF TABLES
Table 1. Managed Pressure Drilling Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Global Managed Pressure Drilling Market Revenue and Forecast to 2028, By Geography (US$ Mn)
Table 3. North America Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 4. North America Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 5. US Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 6. US Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 7. Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 8. Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 9. Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 10. Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 11. Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 12. Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 13. Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 14. Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 15. France Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 16. France Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 17. Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 18. Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 19. UK Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 20. UK Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 21. Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 22. Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 23. Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 24. Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 25. APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 26. APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 27. China Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 28. China Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 29. Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 30. Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 31. India Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 32. India Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 33. South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 34. South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 35. Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 36. Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 37. Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 38. Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 39. MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 40. MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 41. UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 42. UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 43. Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 44. Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 45. South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 46. South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 47. Rest of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 48. Rest of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 49. SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 50. SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 51. Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 52. Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 53. Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 54. Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 55. Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 56. Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 57. List of Abbreviation
LIST OF FIGURES
Figure 1. Managed Pressure Drilling Market Segmentation
Figure 2. Managed Pressure Drilling Market Segmentation – By Geography
Figure 3. Global Managed Pressure Drilling Market Overview
Figure 4. Managed Pressure Drilling Market, By Technology
Figure 5. Managed Pressure Drilling Market, By Application
Figure 6. Managed Pressure Drilling Market, By Geography
Figure 1. North America – PEST Analysis
Figure 2. Europe – PEST Analysis
Figure 3. APAC – PEST Analysis
Figure 4. MEA – PEST Analysis
Figure 5. SAM – PEST Analysis
Figure 6. Managed Pressure Drilling Market– Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. Managed Pressure Drilling Market Impact Analysis of Drivers and Restraints
Figure 9. Geographic Overview of Managed Pressure Drilling Market
Figure 10. Global: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Managed pressure drilling Market Breakdown, by Technology (2020 and 2028)
Figure 12. Constant Bottom Hole Pressure (CBHP) Market Revenue and Forecast to 2028(US$ Million)
Figure 13. Mud Cap Drilling (MCD) Market Revenue and Forecast to 2028(US$ Million)
Figure 14. Dual Gradient Drilling (DGD) Market Revenue and Forecast to 2028(US$ Million)
Figure 15. Return Flow Control Drilling (RFCD) Market Revenue and Forecast to 2028(US$ Million)
Figure 16. Managed Pressure Drilling Market Revenue Share, by Application (2020 and 2028)
Figure 17. Onshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Offshore: Managed Pressure Drilling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Global Managed Pressure Drilling Market Breakdown, By Region, 2020 & 2028 (%)
Figure 20. North America Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 21. North America Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 22. North America Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)
Figure 23. North America Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)
Figure 24. US Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Canada Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Mexico Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Europe Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 29. Europe Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)
Figure 30. Europe Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)
Figure 31. Germany Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 32. France Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 33. Italy Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 34. UK Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 35. Russia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 36. Rest of Europe Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 37. APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 38. APAC Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 39. APAC Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)
Figure 40. APAC Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)
Figure 41. China Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 42. Japan Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 43. India Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 44. South Korea Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 45. Australia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 46. Rest of APAC Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 47. MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 48. MEA Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 49. MEA Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)
Figure 50. MEA Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)
Figure 51. UAE Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 52. Saudi Arabia Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 53. South Africa Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 54. Rest Of MEA Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 55. SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 56. SAM Managed Pressure Drilling Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 57. SAM Managed Pressure Drilling Market Breakdown, By Application, 2020 & 2028 (%)
Figure 58. SAM Managed Pressure Drilling Market Breakdown, By Country, 2020 & 2028(%)
Figure 59. Brazil Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 60. Argentina Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 61. Rest of SAM Managed Pressure Drilling Market Revenue and Forecast to 2028 (US$ Mn)
Figure 62. Impact of COVID-19 Pandemic in North American Country Markets
Figure 63. Impact of COVID-19 Pandemic in European Country Markets
Figure 64. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 65. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 66. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Managed Pressure Drilling Market
- Ensign Energy Services
- Archer
- Blade Energy Partners
- Nabors Industries Ltd.
- Air Drilling Associates, Inc.
- ADS Services, LLC
- Halliburton Energy Services, Inc.
- Schlumberger Limited
- Weatherford International plc
- NOV Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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