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The directional drilling market size is forecast to increase by USD 5.57 billion at a CAGR of 9.45% between 2023 and 2028. The market is experiencing significant growth due to several key factors. One major driver is the increasing consumption of oil and gas for power generation and production units, particularly in regions such as OPEC. Another trend is the automation of directional drilling techniques, including the adoption of Rotary Steerable Systems, which enhance operational efficiency and productivity. Additionally, there is a growing emphasis on safety measures in the industry. For instance, the Qashaniya field in Iraq has implemented advanced safety protocols to ensure the safe and effective extraction of its reservoir of oil. Furthermore, the increasing adoption of renewable energy production is expected to impact the market, as the industry shifts towards more sustainable energy sources.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technique
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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