Global Logging While Drilling Market 2020-2024
Technavio has been monitoring the logging while drilling market and it is poised to grow by $ 556.71 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on logging while drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in directional drilling, growing consumption of liquid fuels, and rising investments in shale gas. In addition, increase in directional drilling is anticipated to boost the growth of the market as well.
The logging while drilling market analysis includes application segment and geographic landscapes
Technavio's logging while drilling market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the emergence of robotic logging technology as one of the prime reasons driving the logging while drilling market growth during the next few years. Also, increasing applications of IoT in the oil and gas sector and consolidation among oilfield service providers will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our logging while drilling market covers the following areas:
- Logging while drilling market sizing
- Logging while drilling market forecast
- Logging while drilling market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading logging while drilling market vendors that include APS Technology Inc., Baker Hughes Co., China Oilfield Services Ltd., Gyrodata Inc., Halliburton Co., Nabors Industries Ltd., National Oilwell Varco Inc., Schlumberger Ltd., Scientific Drilling International, and Weatherford International Plc. Also, the logging while drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.