2018-2023 Global and Regional Managed Pressure Drilling Services Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report

Managed Pressure Drilling Services market size will grow from USD 3.95 Billion in 2017 to USD 5.15 Billion by 2023, at an estimated CAGR of 4.5%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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. Deepwater drilling in Africa and Latin America is expected to boost the demand for managed pressure drilling services during the forecast period. The North American market is also projected to grow at a moderate pace, aided by large-scale spending for the development of unconventional resources, such as shale plays, where managed pressure drilling is used to access difficult formation and drill wells in the most economical way.Among various technologies of managed pressure drilling services, the Constant Bottom Hole Pressure (CBHP) segment is expected to have the largest market share during the forecast period; it is also expected to grow at the highest CAGR during the same period. This growth is attributed to extensive utilization of the technology for drilling offshore wells across the U.S. Gulf of Mexico as well as in other regions of the world. The market for Dual Gradient Drilling (DGD) technology is also projected to grow at a fast pace, owing to its utility in mitigating formation damage in deepwater drilling.

By Market Players:
Weatherford International Limited` , Halliburton Company , Baker Hughes Inc.  , Schlumberger Limited , National Oilwell Varco , Archer Limited , Aker Solutions , Ensign Energy Services Inc.  , Eds Group as (Enhanced Drilling) , Strata Energy Services Inc. , Blade Energy Partners, , , , , , , , ,

By Technology
Constant Bottom Hole Pressure, Dual Gradient Drilling, Mud Cap Drilling, Return Flow Control Drilling,

By Application
Onshore, Offshore, , ,

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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