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- Asia Pacific Horizontal Directional Drilling MarketForecast (2023 – 2030)
Asia Pacific Horizontal Directional Drilling Market Size & Growth:
Asia Pacific Horizontal Directional Drilling market was valued at $XX Billion in 2021 and is expected to reach $XX Billion by 2029, growing at a CAGR of around 5.12% during the forecast period. During the past decade, increasing oil & gas exploration sites coupled with growing subsequent production of crude oil and natural gas in countries of Asia Pacific i.e., Australia, Indonesia, New Zealand and Myanmar, have facilitated the need for upstream oil & gas services in the region. Focusing on R&D (Research and Development) for sampling techniques as well as investment in product innovation has been the major focus of leading companies providing oil & gas services in the Asia Pacific region.
COVID-19 Impact on Horizontal Directional Drilling Market:
In 2020, during the COVID-19 pandemic, the Asia Pacific HDD market had impacted severely due to a lack of workforce and practical difficulties in implementing social distancing at equipment production sites. The pandemic has triggered abnormal operating conditions for HDD contractors. The situation prompts manufacturers to create appropriate procedures to reduce workplace infection risks. Trades across countries were disrupted, causing a lack of raw materials and components required for providing drilling solutions and services to the oil & gas industry. The COVID-19 pandemic impact and the oil prices war are proving to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices have experienced a decline due to failed agreements on production cuts, and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this pandemic.
Asia Pacific Horizontal Directional Drilling Market Segments Share:
The Asia Pacific Horizontal Directional Drilling market is segregated on the basis of type, parts, application, end-user and geography.
As most countries in the Asia-Pacific region have relatively smaller onshore reserves, most of these reserves have been commercially exploited. As the energy demand grows, most countries in the region have focused on developing riskier offshore reserves to satiate domestic demand. Based on geography, the market is categorized into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and Others. China is the largest energy consumer globally. However, the country is heavily dependent on energy imports due to relatively smaller conventional hydrocarbon reserves. To reduce its dependence on energy imports, the country has been investing heavily to maximize the potential of its domestic reserves. In Australia, Gorgon is one of the world’s biggest natural gas projects, and Wheatstone is the country’s first third-party natural gas hub. These projects represent a source of liquefied natural gas for Asia-Pacific customers and domestic gas for Western Australia for decades.
Asia Pacific Horizontal Directional Drilling Market Trends:
- In September 2022, Diamond Offshore Drilling announced that they had won a contract from Inpex Australia for its Ocean Apex semi-submersible in the Northwest Shelf of Australia. The scope of the contract covers 2 wells and is expected to commence in Q3 2023.
- In April 2022, Maersk Drilling was awarded a 1-year contract extension for its ultra-deepwater semi-submersible rig Maersk Deliverer. The contract was offered by Inpex for carrying out drilling operations in the Ichthys field in the Browse Basin offshore Western Australia. The contract extension is expected to commence in July 2023, with an option for an additional one-year extension.
Asia Pacific Horizontal Directional Drilling Market Research Report Include:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Baker Hughes Company
- Barbco, Inc.
- Halliburton Company
- Schlumberger, Ltd.
- The Toro Company
Along with these companies, there were many other companies considered/ cited in the report while analyzing the Horizontal Directional Drilling market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Rising fiber installations
4.1.2. Growth in HDD Rigs
4.1.3. Benefits of Horizontal Directional Drilling
4.2. Market Restraints & Challenges
4.2.1. Lack of skilled technicians
4.2.2. High cost and rig & equipment shortages
4.2.3. COVID-19 Impact
4.3. Market Opportunities
4.3.1. New well discoveries and advances in technology
4.3.2. Advancements in HDD techniques
4.3.4. Increasing focus on renewable energy
CHAPTER 5 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY TYPE
5.1. Conventional
5.2. RSS (Rotary Steerable System)
CHAPTER 6 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY PARTS
6.1. Rigs
6.2. Pipes
6.3. Bits
6.4. Others
CHAPTER 7 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY APPLICATION
7.1. Onshore
7.2. Offshore
CHAPTER 8 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY END-USER
8.1. Oil & Gas Extraction
8.2. Utility
8.3. Telecommunication
8.4. Others
CHAPTER 9 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY GEOGRAPHY
9.1. Introduction
9.2. Asia Pacific
9.2.1. China
9.2.2. India
9.2.3. Japan
9.2.4. South Korea
9.2.5. Australia & New Zealand
9.2.6. Malaysia
9.2.7. Singapore
9.2.8. Thailand
9.2.9. Others
CHAPTER 10 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – COMPANY PROFILES
10.1. Halliburton Company
10.2. Baker Hughes Company
10.3. Schlumberger, Ltd.
10.4. The Toro Company
10.5. Vermeer Corporation
CHAPTER 11 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – COMPETITIVE LANDSCAPE
11.1. Market Share Analysis
11.2. Strategies adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 12 MARKET INSIGHTS
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
CHAPTER 13 APPENDIX
13.1. List of Tables
13.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Asia Pacific Horizontal Directional Drilling Market Size & Growth:
Asia Pacific Horizontal Directional Drilling market was valued at $XX Billion in 2021 and is expected to reach $XX Billion by 2029, growing at a CAGR of around 5.12% during the forecast period. During the past decade, increasing oil & gas exploration sites coupled with growing subsequent production of crude oil and natural gas in countries of Asia Pacific i.e., Australia, Indonesia, New Zealand and Myanmar, have facilitated the need for upstream oil & gas services in the region. Focusing on R&D (Research and Development) for sampling techniques as well as investment in product innovation has been the major focus of leading companies providing oil & gas services in the Asia Pacific region.
COVID-19 Impact on Horizontal Directional Drilling Market:
In 2020, during the COVID-19 pandemic, the Asia Pacific HDD market had impacted severely due to a lack of workforce and practical difficulties in implementing social distancing at equipment production sites. The pandemic has triggered abnormal operating conditions for HDD contractors. The situation prompts manufacturers to create appropriate procedures to reduce workplace infection risks. Trades across countries were disrupted, causing a lack of raw materials and components required for providing drilling solutions and services to the oil & gas industry. The COVID-19 pandemic impact and the oil prices war are proving to be a two-pronged crisis for oil, gas, and chemicals companies. Oil prices have experienced a decline due to failed agreements on production cuts, and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this pandemic.
Asia Pacific Horizontal Directional Drilling Market Segments Share:
The Asia Pacific Horizontal Directional Drilling market is segregated on the basis of type, parts, application, end-user and geography.
As most countries in the Asia-Pacific region have relatively smaller onshore reserves, most of these reserves have been commercially exploited. As the energy demand grows, most countries in the region have focused on developing riskier offshore reserves to satiate domestic demand. Based on geography, the market is categorized into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and Others. China is the largest energy consumer globally. However, the country is heavily dependent on energy imports due to relatively smaller conventional hydrocarbon reserves. To reduce its dependence on energy imports, the country has been investing heavily to maximize the potential of its domestic reserves. In Australia, Gorgon is one of the world’s biggest natural gas projects, and Wheatstone is the country’s first third-party natural gas hub. These projects represent a source of liquefied natural gas for Asia-Pacific customers and domestic gas for Western Australia for decades.
Asia Pacific Horizontal Directional Drilling Market Trends:
- In September 2022, Diamond Offshore Drilling announced that they had won a contract from Inpex Australia for its Ocean Apex semi-submersible in the Northwest Shelf of Australia. The scope of the contract covers 2 wells and is expected to commence in Q3 2023.
- In April 2022, Maersk Drilling was awarded a 1-year contract extension for its ultra-deepwater semi-submersible rig Maersk Deliverer. The contract was offered by Inpex for carrying out drilling operations in the Ichthys field in the Browse Basin offshore Western Australia. The contract extension is expected to commence in July 2023, with an option for an additional one-year extension.
Asia Pacific Horizontal Directional Drilling Market Research Report Include:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
- Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Baker Hughes Company
- Barbco, Inc.
- Halliburton Company
- Schlumberger, Ltd.
- The Toro Company
Along with these companies, there were many other companies considered/ cited in the report while analyzing the Horizontal Directional Drilling market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Rising fiber installations
4.1.2. Growth in HDD Rigs
4.1.3. Benefits of Horizontal Directional Drilling
4.2. Market Restraints & Challenges
4.2.1. Lack of skilled technicians
4.2.2. High cost and rig & equipment shortages
4.2.3. COVID-19 Impact
4.3. Market Opportunities
4.3.1. New well discoveries and advances in technology
4.3.2. Advancements in HDD techniques
4.3.4. Increasing focus on renewable energy
CHAPTER 5 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY TYPE
5.1. Conventional
5.2. RSS (Rotary Steerable System)
CHAPTER 6 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY PARTS
6.1. Rigs
6.2. Pipes
6.3. Bits
6.4. Others
CHAPTER 7 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY APPLICATION
7.1. Onshore
7.2. Offshore
CHAPTER 8 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY END-USER
8.1. Oil & Gas Extraction
8.2. Utility
8.3. Telecommunication
8.4. Others
CHAPTER 9 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – BY GEOGRAPHY
9.1. Introduction
9.2. Asia Pacific
9.2.1. China
9.2.2. India
9.2.3. Japan
9.2.4. South Korea
9.2.5. Australia & New Zealand
9.2.6. Malaysia
9.2.7. Singapore
9.2.8. Thailand
9.2.9. Others
CHAPTER 10 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – COMPANY PROFILES
10.1. Halliburton Company
10.2. Baker Hughes Company
10.3. Schlumberger, Ltd.
10.4. The Toro Company
10.5. Vermeer Corporation
CHAPTER 11 ASIA PACIFIC HORIZONTAL DIRECTIONAL DRILLING MARKET – COMPETITIVE LANDSCAPE
11.1. Market Share Analysis
11.2. Strategies adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 12 MARKET INSIGHTS
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
CHAPTER 13 APPENDIX
13.1. List of Tables
13.2. List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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