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Managed Pressure Drilling Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global managed pressure drilling services market reached a value of US$ 3.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.45 Billion by 2027, exhibiting a CAGR of 4.35% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Managed pressure drilling (MPD) aids in controlling the annular pressure profile precisely throughout the wellbore. It helps avoid the continuous influx of formation fluids to the surface and enables a more accurate bottom hole pressure management, resulting in fewer pressure fluctuations and improved control of the well. It facilitates operators drilling complex onshore wells and workers drilling from mobile offshore drilling units (MODUs) with a surface blowout preventer (BOP). At present, MPD services find applications in the oil and gas sector across the globe as they are cost-effective and reliable.

Managed Pressure Drilling Services Market Trends:

The increasing offshore oil and gas exploration and production (E&P) activities around the world represent one of the key factors stimulating the growth of the market. Moreover, the well drilling system is open to the atmosphere in conventional drilling. The drilling fluid exits via a bell nipple, then through a flowline to mud-gas separation and solids control equipment. This presents difficulties during operations, which is challenging for the drilling engineers. However, MPD relies on a closed-loop system that helps determine the downhole pressure limits and manage the annular pressure profile accordingly. It also allows faster corrective action to deal with observed pressure variations. This, coupled with advancements in the processes, techniques, technologies, and innovations associated with well drilling activities, is creating a positive outlook for the market. Apart from this, MPD offers numerous benefits in terms of project economics and reduced non-productive time (NPT), which are substantial in the offshore structure, where any downtime significantly impacts the project cost. These advantages are anticipated to strengthen the growth of the market in the upcoming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global managed pressure drilling services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology and application.

Breakup by Technology:

  • Constant Bottom Hole Pressure
  • Mud Cap Drilling
  • Dual Gradient Drilling
  • Return Flow Control Drilling
     

Breakup by Application:

  • Onshore
  • Offshore
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Drilling Associates Inc., Blade Energy Partners Ltd., Enhanced Well Technologies AS, Ensign Energy Services Inc., Exceed (XCD) Holdings Ltd., Global MPD Services Inc., Halliburton Company, Nabors Industries Ltd., Nov Inc., Pruitt Tool & Supply Co Inc., Schlumberger Limited and Weatherford International plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Air Drilling Associates Inc., Blade Energy Partners Ltd., Enhanced Well Technologies AS, Ensign Energy Services Inc., Exceed (XCD) Holdings Ltd., Global MPD Services Inc., Halliburton Company, Nabors Industries Ltd., Nov Inc., Pruitt Tool & Supply Co Inc., Schlumberger Limited and Weatherford International plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global managed pressure drilling services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global managed pressure drilling services market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global managed pressure drilling services market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Managed Pressure Drilling Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Constant Bottom Hole Pressure
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Mud Cap Drilling
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Dual Gradient Drilling
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Return Flow Control Drilling
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Onshore
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Offshore
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Air Drilling Associates Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    Blade Energy Partners Ltd.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Enhanced Well Technologies AS
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Ensign Energy Services Inc.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
        13.3.5    Exceed (XCD) Holdings Ltd.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Global MPD Services Inc.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Halliburton Company
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Nabors Industries Ltd.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Nov Inc.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    Pruitt Tool & Supply Co Inc.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    Schlumberger Limited
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis
        13.3.12    Weatherford International plc
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Managed Pressure Drilling Services Market: Major Drivers and Challenges
Figure 2: Global: Managed Pressure Drilling Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Managed Pressure Drilling Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Managed Pressure Drilling Services Market: Breakup by Technology (in %), 2021
Figure 5: Global: Managed Pressure Drilling Services Market: Breakup by Application (in %), 2021
Figure 6: Global: Managed Pressure Drilling Services Market: Breakup by Region (in %), 2021
Figure 7: Global: Managed Pressure Drilling Services (Constant Bottom Hole Pressure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Managed Pressure Drilling Services (Constant Bottom Hole Pressure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Managed Pressure Drilling Services (Mud Cap Drilling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Managed Pressure Drilling Services (Mud Cap Drilling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Managed Pressure Drilling Services (Dual Gradient Drilling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Managed Pressure Drilling Services (Dual Gradient Drilling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Managed Pressure Drilling Services (Return Flow Control Drilling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Managed Pressure Drilling Services (Return Flow Control Drilling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Managed Pressure Drilling Services (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Managed Pressure Drilling Services (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Managed Pressure Drilling Services (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Managed Pressure Drilling Services (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Canada: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Canada: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Asia-Pacific: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Asia-Pacific: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Japan: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Japan: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: South Korea: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: South Korea: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Australia: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Australia: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Indonesia: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Indonesia: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Others: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Others: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Germany: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Germany: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United Kingdom: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United Kingdom: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Italy: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Italy: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Spain: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Spain: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Russia: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Russia: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Brazil: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Brazil: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Mexico: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Mexico: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Middle East and Africa: Managed Pressure Drilling Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Middle East and Africa: Managed Pressure Drilling Services Market: Breakup by Country (in %), 2021
Figure 67: Middle East and Africa: Managed Pressure Drilling Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Global: Managed Pressure Drilling Services Industry: SWOT Analysis
Figure 69: Global: Managed Pressure Drilling Services Industry: Value Chain Analysis
Figure 70: Global: Managed Pressure Drilling Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Managed Pressure Drilling Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Managed Pressure Drilling Services Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Managed Pressure Drilling Services Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Managed Pressure Drilling Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Managed Pressure Drilling Services Market: Competitive Structure
Table 6: Global: Managed Pressure Drilling Services Market: Key Players


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