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Measurement While Drilling Gives Real-Time Bottom-Hole Pressure And Temperature | Market Driven By Rising Energy Demand And Unconventional Drilling Activities | Grand View Research, Inc.

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Measurement While Drilling Gives Real-Time Bottom-Hole Pressure And Temperature | Market Driven By Rising Energy Demand And Unconventional Drilling Activities | Grand View Research, Inc.

November 29
12:50 2021
Measurement While Drilling Gives Real-Time Bottom-Hole Pressure And Temperature | Market Driven By Rising Energy Demand And Unconventional Drilling Activities | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, rising investments toward technological advancements with an aim to enhance drilling efficiencies is likely to stimulate market growth.

The global measurement while drilling market size is expected to reach USD 21.8 billion by 2027, expanding at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The increasing number of exploration and production projects along with the growing need for well testing operations requiring the use of technologically advanced drilling techniques that provide real-time downhole data transmission will drive the market.

Recovery in oil prices has motivated oil producers to drill unconventional wells and to explore untapped oil fields to fulfill the increase in oil demand. Measurement while drilling tools transmit real-time formation evaluation measurements to the surface enabling the operators to achieve accurate well placement through efficient drill bit steering, thereby provides a potential growth landscape for the market.

Rising investments toward technological advancements with an aim to enhance drilling efficiencies is likely to stimulate market growth. Recent technological innovations such as the development of GyroSphere MEMS gyro-while-drilling service by Schlumberger, which provides more accurate access to smaller reservoir targets while reducing drilling risks, are projected to propel industry growth.

Stringent environmental regulations, geopolitical tensions, changes in trade policy, disruptive forces, and currency movements are some of the key forces impacting the oil and gas exploration activities and in turn, can limit investments for upgrades or new facilities in the affected areas. These factors are expected to eventually affect the market positively during the forecast period. 

Measurement While Drilling Market Report Highlights

 The vertical well type segment share was valued at over USD 6.6 billion in 2019

Asia Pacific is projected to grow at a substantial rate throughout the forecast period. India is expected to account for the maximum share in the region

The onshore segment dominates the industry, accounting for 56.9% of total market revenue in 2019.

North America is likely to display a moderate growth rate during the projected period.

 

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/measurement-while-drilling-market/request/rs15

 

Measurement While Drilling Market Segmentation

Grand View Research has segmented the global measurement while drilling market on the basis of location, well type, and region:

Measurement While Drilling Location Outlook (Revenue, USD Million, 2016 – 2027)    

• Onshore     

• Offshore

Measurement While Drilling Well Type Outlook (Revenue, USD Million, 2016 – 2027)    

• Directional     

• Horizontal     

• Vertical

Measurement While Drilling Regional Outlook (Revenue, USD Million, 2016 – 2027)     

North America        

  • The U.S.         

  • Canada         

  • Mexico     

• Europe         

  • Norway         

  • The U.K.         

  • Russia     

• Asia Pacific         

  • China         

  • India         

  • Indonesia     

• Central and South America         

  • Brazil         

  • Argentina     

• Middle East & Africa         

  • Saudi Arabia         

  • UAE

List of Key Players of Measurement While Drilling Market     

Schlumberger     

Halliburton     

Weatherford International Ltd.     

Cathedral Energy Services     

National Oilwell Varco     

Gyrodata     

Scientific Drilling International     

Leam Drilling Systems LLC     

Jindal Drilling & Industries Ltd.     

Nabors Industries Ltd.     

Calmena Energy Services.

 

Fill the Pre-Order Enquiry Form for the Report @ https://www.grandviewresearch.com/inquiry/2628/ibb

 

Browse Related Reports:

Downhole Tools MarketSize, Share & Trends Analysis Report By Product (Drilling, Handling, Flow & Pressure Control), By Application (Well Drilling, Well Intervention, Production & Well Completion), And Segment Forecasts, 2019 – 2026.

 

Horizontal Directional Drilling MarketSize, Share & Trends Analysis Report By Machine Type, By Parts (Rigs, Pipes, Bits, Reamers), By Application, By End-use, By Region, And Segment Forecasts, 2021 – 2028.

 

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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Website: https://www.grandviewresearch.com/industry-analysis/measurement-while-drilling-market