Managed Pressure Drilling Market: By Technology (Constant Bottom Hole Pressure, Mud Cap Drilling, Dual Gradient Drilling and Return Flow Control Drilling), By Tool (Rotating Control Device (RCD), Non-Return Valves (NRV) and Choke Manifold Systems), By Application (Onshore and Offshore) and Region - Global Forecast Till 2023
Market analysis

Global managed pressure drilling (MPD) market is anticipated to display a CAGR of 3.92% amid the figure time frame (2018-2023). In 2017, world crude petroleum generation ascended by around 0.6 million barrels, every day. As the existing wells exhaust, search for new areas further increase. Be that as it may, these new areas are restricted and hard to work in, numerous multiple times, they are found in profound or ultra-remote oceans. This requires sending of cutting edge penetrating and extricating advances, for example, weights boring.

Market segmentation

The Global managed pressure drilling (MPD) market is segmented on the basis of its technology, tool, application, and regional demand. Based on its technology, the Managed Pressure Drilling Market is divided into Dual Gradient Drilling, Constant Bottom Hole Pressure, Mud Cap Drilling, Return Flow Control Drilling. On the basis of its tool, the Managed Pressure Drilling Market is classified into Rotating Control Device (RCD), Choke Manifold Systems and Non-Return Valves (NRV). Based on its application, the Managed Pressure Drilling Market is bifurcated into offshore and onshore.

Regional analysis

Geographically, the Global managed pressure drilling (MPD) market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

AFGlobal, Nabors Industries Ltd., Halliburton Inc., Ensign Energy Services, Enhanced Drilling Services, National Oilwell Varco, Air Drilling Associates, Inc., Schlumberger Limited, Weatherford International, Oilserv, Beyond Energy, among others are some of the major players in the Global managed pressure drilling (MPD) market.