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Logging While Drilling (LWD) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jan 01, 2025
Length 120 Pages
SKU # FOB19554728

Description

Growth Factors of Logging While Drilling Market

The logging while drilling market size was valued at USD 2.82 billion in 2018, and the market is now projected tgrow USD 8.05 billion in 2032 exhibiting a CAGR of 7.83% during the forecast period of 2019-2032.

The COVID 19 had a major impact on the (LWD) Logging While Drilling market mainly because the crisis resulted tslowed down exploration of oil and gas due trestrictions in addition treduced energy demand. A large percentage of drilling activities was either slowed down or stopped, due tthe extra attention paid tcost containment measures as well as safety considerations. Alternatively, the market proved rather sustainable as demand for LWD services gradually increased with the rising oil prices and the return tproducing activities. Technological developments that migrated drilling operation towards automation and digitalization alsadvanced during the pandemic. Therefore, the LWD market is expected treemerge gradually but with considerable long-term opportunities in the pipeline.

Many oilfield service companies are concentrating on getting more value for their buck in the production of oil and gas using better ways. Logging-While-Drilling (LWD) is instrumental in enabling assessment of formation properties, which guides the decision-making process on subsequent operations of the well. It provides real time information that enables the operators tmake evaluation of well status in effective manner. LWD alsminimizes the evils of complication in production processes; thereby, improving operation effectiveness. The LWD system can be effective in the management and control of wells in that operators can optimize on well performances and results.

Some of the major emerging trends in the logging while drilling (LWD) market that are currently being observed include it drilling automation and digitalization, advanced processing of real-time LWD data, integration of LWD systems with other bottom hole sensors, and extension of use of LWD cost-effectively beyond global hydrocarbon frontier exploration. Innovations in sensor technology and wireless communication are promoting the accuracy and optimizing the effectiveness of LWD systems. There is alsa call for further developed LWD solutions in deep water/offshore drilling disciplines meeting the need for improved formation evaluation. The use of artificial intelligence and machine learning in the prediction analysis of the processes is enhancing the operational performance while at the same time controlling for the frequency of failures. Also, there has been a trend of the market tadopt environmental-friendly and cheap methods of drilling in a bid tachieve the sustainability factors.

Comprehensive Analysis of Logging While Drilling Market

The logging while drilling market growth is alsincreasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near tthe industry considering the leading supply and demand forces. These segmentations are methodically segregated by application analysis. By application analysis incudes onshore and offshore.

The North America region lead the logging while drilling market share by benefitting a market size of USD 1.13 billion in 2018 due textensive oil and gas exploration activities.

Top players in the market have their responsibility of power & energy industrial prospectus growth of the retailing industry and the markets. These players include, Schlumberger, Halliburton, Baker Hughes, Weatherford, Scientific Drilling, Nabors Industries, National Oilwell Varco, Kambi Enterprises Inc., National Energy Services Reunited Corp., COSL - China Oilfield Services Limited, and APS Technology Inc these market players provide a level-playing competitive landscape.

In October 2019, Weatherford secured USD 67.4 million contracts in Russia tprovide LWD, MWD, RSS, drilling, and geo-data interpretation services in Western Siberia oilfields.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2015-2026

Base Year 2018

Forecast Period 2019-2026

Historical Period 2015-2017

Unit Value (USD Billion)

Segmentation By Application

Onshore

Offshore

Shallow Water

Deepwater

Ultra-Deepwater

By Region

North America (U.S. and Canada)

Latin America (Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America)

Europe (UK, Germany, Norway, Italy, Russia, and Rest of Europe)

Asia Pacific (China, India, Indonesia, Thailand, Australia, and Rest of Asia Pacific)

Middle East & Africa (Saudi Arabia, UAE, Oman, Kuwait, Algeria, Angola, Egypt, and Rest of Middle East & Africa)

Table of Contents

120 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
4.6. Value Chain Analysis
5. Global Logging While Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Application
5.2.1. Onshore
5.2.2. Offshore
5.2.2.1. Shallow Water
5.2.2.2. Deepwater
5.2.2.3. Ultra-Deepwater
5.3. Market Analysis, Insights and Forecast – By Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa
6. North America Logging While Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Application
6.2.1. Onshore
6.2.2. Offshore
6.2.2.1. Shallow Water
6.2.2.2. Deepwater
6.2.2.3. Ultra-Deepwater
6.3. Market Analysis, Insights and Forecast – By Country
6.3.1. U.S.
6.3.2. Canada
7. Latin America Logging While Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Application
7.2.1. Onshore
7.2.2. Offshore
7.2.2.1. Shallow Water
7.2.2.2. Deepwater
7.2.2.3. Ultra-Deepwater
7.3. Insights and Forecast – By Country
7.3.1. Brazil
7.3.2. Mexico
7.3.3. Argentina
7.3.4. Venezuela
7.3.5. Rest of Latin America
8. Europe Logging While Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Application
8.2.1. Onshore
8.2.2. Offshore
8.2.2.1. Shallow Water
8.2.2.2. Deepwater
8.2.2.3. Ultra-Deepwater
8.3. Market Analysis, Insights and Forecast – By Country
8.3.1. UK
8.3.2. Germany
8.3.3. Norway
8.3.4. Italy
8.3.5. Russia
8.3.6. Rest of Europe
9. Asia Pacific Logging While Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Application
9.2.1. Onshore
9.2.2. Offshore
9.2.2.1. Shallow Water
9.2.2.2. Deepwater
9.2.2.3. Ultra-Deepwater
9.3. Market Analysis, Insights and Forecast – By Country
9.3.1. China
9.3.2. India
9.3.3. Indonesia
9.3.4. Thailand
9.3.5. Australia
9.3.6. Rest of Asia Pacific
10. Middle East & Africa Logging While Drilling Market Analysis (USD Billion), Insights and Forecast, 2015-2026
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Application
10.2.1. Onshore
10.2.2. Offshore
10.2.2.1. Shallow Water
10.2.2.2. Deepwater
10.2.2.3. Ultra-Deepwater
10.3. Market Analysis, Insights and Forecast – By Country
10.3.1. Saudi Arabia
10.3.2. UAE
10.3.3. Oman
10.3.4. Kuwait
10.3.5. Algeria
10.3.6. Angola
10.3.7. Egypt
10.3.8. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Company Market Share Analysis, 2018
11.2. Company Profile
11.2.1. Schlumberger
11.2.1.1. Business Overview
11.2.1.2. Product & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Geographic Presence
11.2.1.5. Recent Development
11.2.2. Halliburton
11.2.2.1. Business Overview
11.2.2.2. Product & Service Offering
11.2.2.3. Overall Revenue
11.2.2.4. Geographic Presence
11.2.2.5. Recent Development
11.2.3. Baker Hughes
11.2.3.1. Business Overview
11.2.3.2. Product & Service Offering
11.2.3.3. Overall Revenue
11.2.3.4. Geographic Presence
11.2.3.5. Recent Development
11.2.4. Weatherford
11.2.4.1. Business Overview
11.2.4.2. Product & Service Offering
11.2.4.3. Overall Revenue
11.2.4.4. Geographic Presence
11.2.4.5. Recent Development
11.2.5. Scientific Drilling
11.2.5.1. Business Overview
11.2.5.2. Product & Service Offering
11.2.5.3. Overall Revenue
11.2.5.4. Geographic Presence
11.2.5.5. Recent Development
11.2.6. Nabors Industries
11.2.6.1. Business Overview
11.2.6.2. Product & Service Offering
11.2.6.3. Overall Revenue
11.2.6.4. Geographic Presence
11.2.6.5. Recent Development
11.2.7. APS Technology Inc.
11.2.7.1. Business Overview
11.2.7.2. Product & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Geographic Presence
11.2.7.5. Recent Development
11.2.8. Kambi Enterprises Inc.
11.2.8.1. Business Overview
11.2.8.2. Product & Service Offering
11.2.8.3. Overall Revenue
11.2.8.4. Geographic Presence
11.2.8.5. Recent Development
11.2.9. National Energy Services Reunited Corp.
11.2.9.1. Business Overview
11.2.9.2. Product & Service Offering
11.2.9.3. Overall Revenue
11.2.9.4. Geographic Presence
11.2.9.5. Recent Development
11.2.10. COSL- China Oilfield Services Limited
11.2.10.1. Business Overview
11.2.10.2. Product & Service Offering
11.2.10.3. Overall Revenue
11.2.10.4. Geographic Presence
11.2.10.5. Recent Development
11.2.11. National Oilwell Varco
11.2.11.1. Business Overview
11.2.11.2. Product & Service Offering
11.2.11.3. Overall Revenue
11.2.11.4. Geographic Presence
11.2.11.5. Recent Development
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