Managed Pressure Drilling Services Market: By Technology Type, By Application, and Geography
Managed Pressure Drilling Services Market: By Technology Type, By Application, and Geography
Managed Pressure Drilling Services Market size was valued at US$ 3,438.3 million in 2023 and is poised to grow at a CAGR of 5.6% over 2024-2030. Managed pressure drilling (MPD) helps in monitoring the annular pressure outline accurately through the wellbore. It helps evade the continuous arrival of formation fluids to the surface and allows a more precise bottom-hole pressure organization, resulting in fewer pressure variations and enhanced well control. It enables operators to drill compound onshore wells and laborers to drill from mobile offshore drilling units (MODUs) with a surface blowout preventer (BOP). At present, managed pressure drilling helps in the oil and gas sector across the world as they are lucrative and dependable.
The detection of new wells to provide an optimistic market outlook can lead to the managed pressure drilling services market growth. Moreover, growing investment in exploration and production actions and an increase in safety, environment, and health concerns are some primary factors that can boost the global managed pressure drilling services market. Apart from these, continuous demand for fossil fuels along with decreasing manufacture of onshore oil and gas reserves can also accelerate the market in the future. However, some factors such as the fluctuations in hydrocarbon cost and special methods concerning pressure drilling services can restrain the growth of the market. Uneven retrieval in different geographies and end markets can hinder market growth. Increasing demand for economical production that does not involve intricacies related to drilling can create an opportunity for the global managed pressure drilling services market growth. Moreover, increasing demand for technologically advanced drilling methods to overcome borewell issues is also providing a lucrative opportunity.
Study Period
2024– 2030Base Year
2023CAGR
5.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
One of the major reasons for the global managed pressure drilling services market growth is the growing investment in exploration and production events. The hydrocarbon industry plays a vital role in determining the economic subtleties of the world. Petrol diesel and other petroleum goods are extensively used in chemicals, manufacturing, pharmaceuticals, aviation, shipping, and other businesses. Workers are extremely investing in exploration and production actions to fulfill the rising demand for gas and oil, which are predicted to boost the drilling of the new well which is expected to propel the growth of the market in the forecast period.
North America is dominating the global managed pressure drilling services market, due to the detection of shell gas along the coasts of the Canada and US. Moreover, a growing frequency of deep drilling operations in Mexico, increasing the demand for technologically advanced drilling techniques to withdraw hydrocarbons with greater efficacy. In addition, the presence of global players in these regions has also contributed to the growth of the market and has created a demand for the use of managed pressure drilling services.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024– 2030 |
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Market Size in 2023 |
US$ 3,438.3 million |
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Market CAGR |
5.6% |
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By Technology Type |
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By Application |
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By Region |
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The primary factors that drive the market are increasing deep water and ultra-deep-water investigation and drilling processes, growing technological advancements for drilling high-pressure, high-temperature (HPHT) wells, and rising shale manufacture.
Schlumberger Limited, Air Drilling Associates Inc., Beyond Energy, Weatherford International, Nabors Industries Ltd., Ensign Energy Services, AFGlobal, Halliburton Inc., Enhanced Drilling Services, National Oilwell Varco, and Oilserv are the key players in the market.
North America is dominating the managed pressure drilling services market.
Constant bottom hole pressure placed under the technology type segment is the market’s fastest-growing segment.
| 1. Executive Summary |
| 2. Global Managed Pressure Drilling Services Market Introduction |
| 2.1. Global Managed Pressure Drilling Services Market - Taxonomy |
| 2.2. Global Managed Pressure Drilling Services Market -Definitions |
| 2.2.1. Technology |
| 2.2.2. Application |
| 2.2.3. By Region |
| 3. Global Managed Pressure Drilling Services Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Managed Pressure Drilling Services Market Dynamic Factors - Impact Analysis |
| 3.6. Global Managed Pressure Drilling Services Market - Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Managed Pressure Drilling Services Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Managed Pressure Drilling Services Market, By Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Mud Cap Drilling |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Constant Borehole Pressure |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Dual Gradient Drilling |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Return Flow Control Drilling |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Managed Pressure Drilling Services Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Onshore |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Offshore |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Managed Pressure Drilling Services Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Managed Pressure Drilling Services Market - Opportunity Analysis Index, By Technology, By Application, and Region, 2024-2030 |
| 8. North America Managed Pressure Drilling Services Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Mud Cap Drilling |
| 8.1.2. Constant Borehole Pressure |
| 8.1.3. Dual Gradient Drilling |
| 8.1.4. Return Flow Control Drilling |
| 8.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Onshore |
| 8.2.2. Offshore |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Managed Pressure Drilling Services Market - Opportunity Analysis Index, By Technology, By Application, and Country, 2024-2030 |
| 8.5. North America Managed Pressure Drilling Services Market Dynamics - Trends |
| 9. Europe Managed Pressure Drilling Services Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Mud Cap Drilling |
| 9.1.2. Constant Borehole Pressure |
| 9.1.3. Dual Gradient Drilling |
| 9.1.4. Return Flow Control Drilling |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Onshore |
| 9.2.2. Offshore |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Rest of Europe |
| 9.4. Europe Managed Pressure Drilling Services Market - Opportunity Analysis Index, By Technology, By Application, and Country, 2024-2030 |
| 9.5. Europe Managed Pressure Drilling Services Market Dynamics - Trends |
| 10. Asia-Pacific Managed Pressure Drilling Services Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Mud Cap Drilling |
| 10.1.2. Constant Borehole Pressure |
| 10.1.3. Dual Gradient Drilling |
| 10.1.4. Return Flow Control Drilling |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Onshore |
| 10.2.2. Offshore |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Managed Pressure Drilling Services Market - Opportunity Analysis Index, By Technology, By Application, and Country, 2024-2030 |
| 10.5. Asia-Pacific Managed Pressure Drilling Services Market Dynamics - Trends |
| 11. Latin America Managed Pressure Drilling Services Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Mud Cap Drilling |
| 11.1.2. Constant Borehole Pressure |
| 11.1.3. Dual Gradient Drilling |
| 11.1.4. Return Flow Control Drilling |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Onshore |
| 11.2.2. Offshore |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Managed Pressure Drilling Services Market - Opportunity Analysis Index, By Technology, By Application, and Country, 2024-2030 |
| 11.5. Latin America Managed Pressure Drilling Services Market Dynamics - Trends |
| 12. Middle East and Africa Managed Pressure Drilling Services Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Mud Cap Drilling |
| 12.1.2. Constant Borehole Pressure |
| 12.1.3. Dual Gradient Drilling |
| 12.1.4. Return Flow Control Drilling |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Onshore |
| 12.2.2. Offshore |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Managed Pressure Drilling Services Market- Opportunity Analysis Index, By Technology, By Application, and Country, 2024-2030 |
| 12.5. MEA Managed Pressure Drilling Services Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Technologies, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Schlumberger Limited |
| 13.2.2. Air Drilling Associates Inc. |
| 13.2.3. Beyond Energy |
| 13.2.4. Weatherford International |
| 13.2.5. Nabors Industries Ltd. |
| 13.2.6. Ensign Energy Services |
| 13.2.7. AFGlobal |
| 13.2.8. Halliburton Inc. |
| 13.2.9. Enhanced Drilling Services |
| 13.2.10. National Oilwell Varco |
| 13.2.11. Oilserv |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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