Rotary Steerable System Market - Growth Drivers and Challenges
Growth Drivers
- Surging Consumption of Energy– Owing to rapid industrialization, and urbanization, there has been a surge in the consumption of energy. Hence, the increasing production of energy depends upon the rotary steerable system. Energy consumption is predicted to increase by 50% between 2005 and 2030, with developing countries accounting for the majority of the demand.
- Growing Reserves of Unconventional Energy–Rotary steerable system (RSS) are commonly used in unconventional oil and gas drilling, such as shale gas, and oil sand, they also act as directional drilling tools. Oil sands are discovered in many nations across the globe, but the largest volumes are found in Venezuela, and Alberta. Alberta's oil and sand reserves are the world's largest single oil reserves. It is estimated to hold oil accounting for 2 to 3 trillion barrels contained in complex oil sands and mixtures.
- Rising Investment in Offshore Drilling – In order to make up for the expanding demand for hydrocarbons, there has been rising investment in offshore drilling areas.
Challenges
- Negative Impact on the Environment- Hydraulic crushing procedures cause groundwater contamination, pollutants in the air, the release of methane, the motion of toxic gases, the groundwater quality degradation. Therefore, one of the biggest challenges impeding the rotary steerable system market growth is the adverse ecological effects of hydraulic fracturing activity.
- Growing demand for renewable energy
- Higher competition from conventional drilling technologies
Rotary Steerable System Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Year |
2026-2035 |
|
CAGR |
6.9% |
|
Base Year Market Size (2025) |
USD 5.08 billion |
|
Forecast Year Market Size (2035) |
USD 9.9 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of rotary steerable system is estimated at USD 5.4 billion.
The global rotary steerable system market size was over USD 5.08 billion in 2025 and is anticipated to witness a CAGR of around 6.9%, crossing USD 9.9 billion revenue by 2035.
North America is projected to hold a 38% share by 2035, impelled by rising shale gas production increasing the demand for directional drilling with rotary steerable systems.
Key players in the market include 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.
