Market Overview:
The global drilling mud motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. In addition, the increasing exploration and production activities in offshore areas are also contributing to the growth of this market. The global drilling mud motors market is segmented on the basis of type, application, and region. On the basis of type, it is divided into bit size range below 100mm, bit size range 100mm-200mm, bit size range 200-300mm, and bit size range above 300mm. By application, it is classified into oil industry and natural gas industry. Geographically speaking, it covers North America (the U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) Middle East & Africa (Saudi Arabia).
Product Definition:
A drilling mud motor is a device that drives the drill bit using pressurized drilling fluid (mud). The mud motor has a rotating shaft with blades or paddles that spin in the mud, providing forward or reverse thrust to the drill bit. The use of a drilling mud motor allows the driller to vary the speed and direction of drilling, which can be important in directional wells.
Bit Size Range Below 100mm:
Bit size range below 100mm is the range of bit sizes used in drilling mud motors. The selection of a particular bit depends on the type of soil, rock or concrete, and desired penetration rate. Drilling mud motors are used to power rotary as well as fixed-roto drilling rigs. Bit size selection is done based on two parameters such as torque requirement and RPMs required for a particular job.
Bit Size Range 100mm-200mm:
The global bit size range 100mm-200mm and it's usage in drilling mud motors market is expected to witness significant growth over the forecast period. The primary factor driving this growth is increasing drilling activities due to rising oil & gas demand across the globe.
Other factors that are fueling this market’s growth include growing E&P activities in unconventional reserves such as shale, tight and coal bed methane which require high performance cutting tools for efficient operations.
Application Insights:
The oil industry accounted for the largest share in the global drilling mud motors market, accounting for over 60.0% in 2017. The growth of this segment is attributed to rising demand from onshore and offshore oil exploration activities across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
The natural gas industry is expected to witness significant growth over the forecast period owing to increasing shale gas production particularly in North America and Europe.
Regional Analysis:
North America dominated the global drilling mud motors market in 2017. The growth is attributed to the presence of a large number of oil and gas reserves, which require efficient well completion techniques such as perforating and cementing. Moreover, technological advancements related to drilling techniques are anticipated to fuel industry expansion over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to increasing government spending on infrastructure projects coupled with rising energy demand from developing economies such as China and India. This will drive product demand across various applications including water-injection systems for rotary drillers, gearboxes for earthmoving machines, prime mover units for heavy machinery among others.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in drilling activities across the globe
- Technological advancements in drilling mud motors that improve their performance
- Growing awareness about the benefits of using mud motors over conventional drilling methods
- Stringent environmental regulations encouraging the use of more efficient drilling technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Mud Motors Market Research Report
By Type
Bit Size Range Below 100mm, Bit Size Range 100mm-200mm, Bit Size Range 200-300mm, Bit Size Range Above 300mm
By Application
Oil Industry, Natural Gas Industry
By Companies
Halliburton, Schlumberger, BHGE, National Oilwell Varco, Weatherford International, Hunting Energy Services, Ironside Manufacturing, SOKOL, Cougar Drilling Solutions, BICO Drilling Tools, Dynomax Drilling Tools
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Mud Motors Market Report Segments:
The global Drilling Mud Motors market is segmented on the basis of:
Types
Bit Size Range Below 100mm, Bit Size Range 100mm-200mm, Bit Size Range 200-300mm, Bit Size Range Above 300mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Natural Gas Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Halliburton
- Schlumberger
- BHGE
- National Oilwell Varco
- Weatherford International
- Hunting Energy Services
- Ironside Manufacturing
- SOKOL
- Cougar Drilling Solutions
- BICO Drilling Tools
- Dynomax Drilling Tools
Highlights of The Drilling Mud Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bit Size Range Below 100mm
- Bit Size Range 100mm-200mm
- Bit Size Range 200-300mm
- Bit Size Range Above 300mm
- By Application:
- Oil Industry
- Natural Gas Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drilling Mud Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drilling mud motors are a type of rotary drilling rig that use a rotating drill bit to create holes in the ground. The mud motor helps keep the drill bit moving and prevents it from sticking in the ground.
Some of the major companies in the drilling mud motors market are Halliburton, Schlumberger, BHGE, National Oilwell Varco, Weatherford International, Hunting Energy Services, Ironside Manufacturing, SOKOL, Cougar Drilling Solutions, BICO Drilling Tools, Dynomax Drilling Tools.
The drilling mud motors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drilling Mud Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Drilling Mud Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drilling Mud Motors Market - Supply Chain
4.5. Global Drilling Mud Motors Market Forecast
4.5.1. Drilling Mud Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drilling Mud Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drilling Mud Motors Market Absolute $ Opportunity
5. Global Drilling Mud Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Drilling Mud Motors Market Size and Volume Forecast by Type
5.3.1. Bit Size Range Below 100mm
5.3.2. Bit Size Range 100mm-200mm
5.3.3. Bit Size Range 200-300mm
5.3.4. Bit Size Range Above 300mm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drilling Mud Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Drilling Mud Motors Market Size and Volume Forecast by Application
6.3.1. Oil Industry
6.3.2. Natural Gas Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drilling Mud Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Drilling Mud Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Drilling Mud Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Drilling Mud Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Drilling Mud Motors Demand Share Forecast, 2019-2026
9. North America Drilling Mud Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Drilling Mud Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Drilling Mud Motors Market Size and Volume Forecast by Application
9.4.1. Oil Industry
9.4.2. Natural Gas Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drilling Mud Motors Market Size and Volume Forecast by Type
9.7.1. Bit Size Range Below 100mm
9.7.2. Bit Size Range 100mm-200mm
9.7.3. Bit Size Range 200-300mm
9.7.4. Bit Size Range Above 300mm
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Drilling Mud Motors Demand Share Forecast, 2019-2026
10. Latin America Drilling Mud Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Drilling Mud Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Drilling Mud Motors Market Size and Volume Forecast by Application
10.4.1. Oil Industry
10.4.2. Natural Gas Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drilling Mud Motors Market Size and Volume Forecast by Type
10.7.1. Bit Size Range Below 100mm
10.7.2. Bit Size Range 100mm-200mm
10.7.3. Bit Size Range 200-300mm
10.7.4. Bit Size Range Above 300mm
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Drilling Mud Motors Demand Share Forecast, 2019-2026
11. Europe Drilling Mud Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Drilling Mud Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Drilling Mud Motors Market Size and Volume Forecast by Application
11.4.1. Oil Industry
11.4.2. Natural Gas Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drilling Mud Motors Market Size and Volume Forecast by Type
11.7.1. Bit Size Range Below 100mm
11.7.2. Bit Size Range 100mm-200mm
11.7.3. Bit Size Range 200-300mm
11.7.4. Bit Size Range Above 300mm
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Drilling Mud Motors Demand Share, 2019-2026
12. Asia Pacific Drilling Mud Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Drilling Mud Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Drilling Mud Motors Market Size and Volume Forecast by Application
12.4.1. Oil Industry
12.4.2. Natural Gas Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drilling Mud Motors Market Size and Volume Forecast by Type
12.7.1. Bit Size Range Below 100mm
12.7.2. Bit Size Range 100mm-200mm
12.7.3. Bit Size Range 200-300mm
12.7.4. Bit Size Range Above 300mm
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Drilling Mud Motors Demand Share, 2019-2026
13. Middle East & Africa Drilling Mud Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Drilling Mud Motors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Drilling Mud Motors Market Size and Volume Forecast by Application
13.4.1. Oil Industry
13.4.2. Natural Gas Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drilling Mud Motors Market Size and Volume Forecast by Type
13.7.1. Bit Size Range Below 100mm
13.7.2. Bit Size Range 100mm-200mm
13.7.3. Bit Size Range 200-300mm
13.7.4. Bit Size Range Above 300mm
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Drilling Mud Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drilling Mud Motors Market: Market Share Analysis
14.2. Drilling Mud Motors Distributors and Customers
14.3. Drilling Mud Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Halliburton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schlumberger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BHGE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. National Oilwell Varco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weatherford International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hunting Energy Services
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ironside Manufacturing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SOKOL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cougar Drilling Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BICO Drilling Tools
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dynomax Drilling Tools
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook