Underbalanced Drilling Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Underbalanced Drilling Market covers analysis By Technique (Lightweight Drilling Fluids, Gas Injection, Foam Injection); Application (Onshore, Offshore) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00018616
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
Inquire Before Buy

PRICING

$5190

$4671

MARKET INTRODUCTION

Underbalanced drilling is used to drill oil and gas wells. It differs from conventional overbalanced drilling as the fact that the bottom hole circulating pressure is lower than the formation pressure, thus, allowing the well to flow while the drilling continues. The underbalanced drilling equipment consists of chokes, rotating control heads, and non-return valves. Its services comprise accurate pressure control services that help provide high-performance drilling solutions.

MARKET DYNAMICS

The growing demand for crude oil due to swift urbanization drives the underbalanced drilling market. However, the high manufacturing cost may restrain the growth of the underbalanced drilling market. Furthermore, increasing exploration and drilling activities are anticipated to surge underbalanced drilling

MARKET SCOPE

The "Global Underbalanced Drilling Market Analysis to 2028" is a specialized and in-depth study of the underbalanced drilling market with a special focus on the global market trend analysis. The report aims to provide an overview of underbalanced drilling market with detailed market segmentation by technique, application, and geography. The global underbalanced drilling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading underbalanced drilling market players and offers key trends and opportunities in the underbalanced drilling market.

MARKET SEGMENTATION

The global underbalanced drilling market is segmented on the basis of technique and application. On the basis of technique, the market is segmented as lightweight drilling fluids, gas injection, and foam injection. On the basis of application, the market is segmented as onshore and offshore.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global underbalanced drilling market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The underbalanced drilling market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting underbalanced drilling market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the underbalanced drilling market in these regions.

World Geography

Have a question?

Analyst

Naveen

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global underbalanced drilling market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The underbalanced drilling market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting underbalanced drilling market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the underbalanced drilling market in these regions.

MARKET PLAYERS

The reports cover key developments in the underbalanced drilling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from underbalanced drilling market are anticipated to lucrative growth opportunities in the future with the rising demand for underbalanced drilling market. Below mentioned is the list of few companies engaged in the underbalanced drilling market.

The report also includes the profiles of key underbalanced drilling market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  •   Air Drilling Associates Inc.
  •   Beyond Energy
  •   Ensign Energy Services
  •   Halliburton Inc.
  •   Kinley Exploration LLC
  •   National Oilwell Varco
  •   Precision Air Drilling Services Inc.
  •   Schlumberger Limited
  •   STRATA Energy Services
  •   Weatherford International

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Underbalanced Drilling Market - By Technique
1.3.2 Underbalanced Drilling Market - By Application
1.3.3 Underbalanced Drilling Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. UNDERBALANCED DRILLING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. UNDERBALANCED DRILLING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. UNDERBALANCED DRILLING MARKET - GLOBAL MARKET ANALYSIS
6.1. UNDERBALANCED DRILLING - GLOBAL MARKET OVERVIEW
6.2. UNDERBALANCED DRILLING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. UNDERBALANCED DRILLING MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
7.1. OVERVIEW
7.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
7.3. LIGHTWEIGHT DRILLING FLUIDS
7.3.1. Overview
7.3.2. Lightweight Drilling Fluids Market Forecast and Analysis
7.4. GAS INJECTION
7.4.1. Overview
7.4.2. Gas Injection Market Forecast and Analysis
7.5. FOAM INJECTION
7.5.1. Overview
7.5.2. Foam Injection Market Forecast and Analysis
8. UNDERBALANCED DRILLING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ONSHORE
8.3.1. Overview
8.3.2. Onshore Market Forecast and Analysis
8.4. OFFSHORE
8.4.1. Overview
8.4.2. Offshore Market Forecast and Analysis

9. UNDERBALANCED DRILLING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Underbalanced Drilling Market Overview
9.1.2 North America Underbalanced Drilling Market Forecasts and Analysis
9.1.3 North America Underbalanced Drilling Market Forecasts and Analysis - By Technique
9.1.4 North America Underbalanced Drilling Market Forecasts and Analysis - By Application
9.1.5 North America Underbalanced Drilling Market Forecasts and Analysis - By Countries
9.1.5.1 United States Underbalanced Drilling Market
9.1.5.1.1 United States Underbalanced Drilling Market by Technique
9.1.5.1.2 United States Underbalanced Drilling Market by Application
9.1.5.2 Canada Underbalanced Drilling Market
9.1.5.2.1 Canada Underbalanced Drilling Market by Technique
9.1.5.2.2 Canada Underbalanced Drilling Market by Application
9.1.5.3 Mexico Underbalanced Drilling Market
9.1.5.3.1 Mexico Underbalanced Drilling Market by Technique
9.1.5.3.2 Mexico Underbalanced Drilling Market by Application
9.2. EUROPE
9.2.1 Europe Underbalanced Drilling Market Overview
9.2.2 Europe Underbalanced Drilling Market Forecasts and Analysis
9.2.3 Europe Underbalanced Drilling Market Forecasts and Analysis - By Technique
9.2.4 Europe Underbalanced Drilling Market Forecasts and Analysis - By Application
9.2.5 Europe Underbalanced Drilling Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Underbalanced Drilling Market
9.2.5.1.1 Germany Underbalanced Drilling Market by Technique
9.2.5.1.2 Germany Underbalanced Drilling Market by Application
9.2.5.2 France Underbalanced Drilling Market
9.2.5.2.1 France Underbalanced Drilling Market by Technique
9.2.5.2.2 France Underbalanced Drilling Market by Application
9.2.5.3 Italy Underbalanced Drilling Market
9.2.5.3.1 Italy Underbalanced Drilling Market by Technique
9.2.5.3.2 Italy Underbalanced Drilling Market by Application
9.2.5.4 United Kingdom Underbalanced Drilling Market
9.2.5.4.1 United Kingdom Underbalanced Drilling Market by Technique
9.2.5.4.2 United Kingdom Underbalanced Drilling Market by Application
9.2.5.5 Russia Underbalanced Drilling Market
9.2.5.5.1 Russia Underbalanced Drilling Market by Technique
9.2.5.5.2 Russia Underbalanced Drilling Market by Application
9.2.5.6 Rest of Europe Underbalanced Drilling Market
9.2.5.6.1 Rest of Europe Underbalanced Drilling Market by Technique
9.2.5.6.2 Rest of Europe Underbalanced Drilling Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Underbalanced Drilling Market Overview
9.3.2 Asia-Pacific Underbalanced Drilling Market Forecasts and Analysis
9.3.3 Asia-Pacific Underbalanced Drilling Market Forecasts and Analysis - By Technique
9.3.4 Asia-Pacific Underbalanced Drilling Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Underbalanced Drilling Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Underbalanced Drilling Market
9.3.5.1.1 Australia Underbalanced Drilling Market by Technique
9.3.5.1.2 Australia Underbalanced Drilling Market by Application
9.3.5.2 China Underbalanced Drilling Market
9.3.5.2.1 China Underbalanced Drilling Market by Technique
9.3.5.2.2 China Underbalanced Drilling Market by Application
9.3.5.3 India Underbalanced Drilling Market
9.3.5.3.1 India Underbalanced Drilling Market by Technique
9.3.5.3.2 India Underbalanced Drilling Market by Application
9.3.5.4 Japan Underbalanced Drilling Market
9.3.5.4.1 Japan Underbalanced Drilling Market by Technique
9.3.5.4.2 Japan Underbalanced Drilling Market by Application
9.3.5.5 South Korea Underbalanced Drilling Market
9.3.5.5.1 South Korea Underbalanced Drilling Market by Technique
9.3.5.5.2 South Korea Underbalanced Drilling Market by Application
9.3.5.6 Rest of Asia-Pacific Underbalanced Drilling Market
9.3.5.6.1 Rest of Asia-Pacific Underbalanced Drilling Market by Technique
9.3.5.6.2 Rest of Asia-Pacific Underbalanced Drilling Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Underbalanced Drilling Market Overview
9.4.2 Middle East and Africa Underbalanced Drilling Market Forecasts and Analysis
9.4.3 Middle East and Africa Underbalanced Drilling Market Forecasts and Analysis - By Technique
9.4.4 Middle East and Africa Underbalanced Drilling Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Underbalanced Drilling Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Underbalanced Drilling Market
9.4.5.1.1 South Africa Underbalanced Drilling Market by Technique
9.4.5.1.2 South Africa Underbalanced Drilling Market by Application
9.4.5.2 Saudi Arabia Underbalanced Drilling Market
9.4.5.2.1 Saudi Arabia Underbalanced Drilling Market by Technique
9.4.5.2.2 Saudi Arabia Underbalanced Drilling Market by Application
9.4.5.3 U.A.E Underbalanced Drilling Market
9.4.5.3.1 U.A.E Underbalanced Drilling Market by Technique
9.4.5.3.2 U.A.E Underbalanced Drilling Market by Application
9.4.5.4 Rest of Middle East and Africa Underbalanced Drilling Market
9.4.5.4.1 Rest of Middle East and Africa Underbalanced Drilling Market by Technique
9.4.5.4.2 Rest of Middle East and Africa Underbalanced Drilling Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Underbalanced Drilling Market Overview
9.5.2 South and Central America Underbalanced Drilling Market Forecasts and Analysis
9.5.3 South and Central America Underbalanced Drilling Market Forecasts and Analysis - By Technique
9.5.4 South and Central America Underbalanced Drilling Market Forecasts and Analysis - By Application
9.5.5 South and Central America Underbalanced Drilling Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Underbalanced Drilling Market
9.5.5.1.1 Brazil Underbalanced Drilling Market by Technique
9.5.5.1.2 Brazil Underbalanced Drilling Market by Application
9.5.5.2 Argentina Underbalanced Drilling Market
9.5.5.2.1 Argentina Underbalanced Drilling Market by Technique
9.5.5.2.2 Argentina Underbalanced Drilling Market by Application
9.5.5.3 Rest of South and Central America Underbalanced Drilling Market
9.5.5.3.1 Rest of South and Central America Underbalanced Drilling Market by Technique
9.5.5.3.2 Rest of South and Central America Underbalanced Drilling Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. UNDERBALANCED DRILLING MARKET, KEY COMPANY PROFILES
11.1. AIR DRILLING ASSOCIATES INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BEYOND ENERGY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ENSIGN ENERGY SERVICES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HALLIBURTON INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KINLEY EXPLORATION LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NATIONAL OILWELL VARCO
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PRECISION AIR DRILLING SERVICES INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHLUMBERGER LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. STRATA ENERGY SERVICES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WEATHERFORD INTERNATIONAL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Air Drilling Associates Inc.
2. Beyond Energy
3. Ensign Energy Services
4. Halliburton Inc.
5. Kinley Exploration LLC
6. National Oilwell Varco
7. Precision Air Drilling Services Inc.
8. Schlumberger Limited
9. STRATA Energy Services
10. Weatherford International

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Underbalanced Drilling Market