A rotary steerable system (RSS) is a form of drilling technology used in directional drilling. It employs the use of specialized downhole equipment to replace conventional directional tools such as mud motors. They are generally programmed by the measurement while drilling (MWD) engineer or directional driller who transmits commands using surface equipment (typically using either pressure fluctuations in the mud column or variations in the drill string rotation) which the tool responds to, and gradually steers into the desired direction. In other words, a tool designed to drill directionally with continuous rotation from the surface, eliminating the need to "slide" a mud motor.
This report contains market size and forecasts of Rotary Steerable Systems in global, including the following market information:
Global Rotary Steerable Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Rotary Steerable Systems Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Rotary Steerable Systems companies in 2021 (%)
The global Rotary Steerable Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Push the Bit Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Rotary Steerable Systems include BHGE, Halliburton, Schlumberger, National Oilwell Varco, Weatherford International, APS Technology, Nabors Industries, Gyrodata Incorporated and Helmerich & Payne. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Rotary Steerable Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Rotary Steerable Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Rotary Steerable Systems Market Segment Percentages, by Type, 2021 (%)
Push the Bit
Point the Bit
Global Rotary Steerable Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Rotary Steerable Systems Market Segment Percentages, by Application, 2021 (%)
Onshore
Offshore
Global Rotary Steerable Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Rotary Steerable Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Rotary Steerable Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Rotary Steerable Systems revenues share in global market, 2021 (%)
Key companies Rotary Steerable Systems sales in global market, 2017-2022 (Estimated), (Units)
Key companies Rotary Steerable Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BHGE
Halliburton
Schlumberger
National Oilwell Varco
Weatherford International
APS Technology
Nabors Industries
Gyrodata Incorporated
Helmerich & Payne