The directional drilling market size is expected to grow by USD 5.01 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 9.24% during the forecast period, according to Technavio Research. The market is segmented by Application (Onshore and Offshore) and Geography (North America, APAC, Europe, Middle East and Africa, and South America). APAC will contribute 37% to the growth of the global market during the forecast period. Another region driving the growth of the horizontal directional drilling market is North America. The main in developing the directional drilling technique for shale extraction is the US. This is because the country had a large number of shale reserves. Furthermore, the government encourages the exploration and production (E&P) of non-conventional energy sources.
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