Rotary Steerable System Market Size

Rotary Steerable System Market size was over USD 4.56 billion in 2024 and is poised to exceed USD 10.86 billion by 2037, witnessing over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of rotary steerable system is evaluated at USD 5.08 billion.

With the surging demand for renewable energy resources, the rotary steerable system (RSS) has found its potential application in this energy extraction. For instance, RSS technology can assist in effectively reaching and intersecting geothermal deposits, hence increasing overall energy output.

Following Russia's invasion of Ukraine, global oil prices skyrocketed to more than $120 per barrel. The emphasis on cost optimization and operational efficiency has increased as a result of increased oil prices. The adoption of rotary steerable system will increase as it aids correct well placement and higher drilling frequency thus significantly contributing to reducing operational cost.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of rotary steerable system is evaluated at USD 5.08 billion.

The rotary steerable system market size was over USD 4.56 billion in 2024 and is poised to exceed USD 10.86 billion by 2037, witnessing over 6.9% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for oil and gas, and higher need for other sources of energy will boost the market growth.

North America industry is predicted to dominate majority revenue share of 38% by 2037, due to rising production of shale gas in the region.

The major players in the market are D-Tech Rotary Steerable, Halliburton Energy Services, Inc., Schlumberger Limited, Weatherford International Plc, APS Technology, Inc., Baker Hughes Company, NOV, Inc., Double Barrel RSS, Nabors Corporate Services, Inc., Gyrodata Incorporated

Rotary Steerable System Market Size