Measurement While Drilling Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The increasing oil and gas exploration activities are responsible for the market growth over the forecast period. Rising energy demand has led to heavy dependence on conventional fuels. Thus, the growing trend has led the key market players to increase their exploration activities for unconventional sources such as tight and shale gas to meet the increasing energy demand. It, in turn, has propelled the market's growth for measurement while drilling (MWD). Growing oilfield equipment rental services will positively impact the growth of the market for measurement while drilling. Increasing investments towards technological advancements to enhance drilling efficiency will stimulate the market's growth for measurement while drilling.
MARKET SCOPE
The "Global Measurement While Drilling Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the measurement while drilling market with detailed market segmentation by location, well type, and geography. The global measurement while drilling market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading measurement while drilling market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global measurement while drilling market is segmented by location, and well type.
MARKET DYNAMICS
Drivers-
Restrains
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The measurement while drilling market is expected to witness a decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. Governments of various countries have implemented lockdowns, which has led to the shutdown of factories in scores of cities and provinces worldwide, thus leading to predictions of a sharp slowdown However, in September 2021, Halliburton launched its novel measurement while drilling technology called QuickPulse Automated Directional Gamma Service that delivers reliable and accurate downhole information at extended depths to operators. The technology aims to reduce well-time and make informed decisions about geo-steering to enhance asset value. In March 2021, Malaysian investment company, Danang NeXchange (DNeX), bagged a contract from Petronas Carigali for drilling operations. Under the contract, DNeX will provide Petronas with services and equipment for logging while drilling, measurement while drilling, and directional drilling. These developments will help the company to recover from the covid-19 disruptions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The measurement while drilling market is expected to witness a decline in growth rate during the forecast period, owing to the outbreak of the COVID-19 pandemic. Governments of various countries have implemented lockdowns, which has led to the shutdown of factories in scores of cities and provinces worldwide, thus leading to predictions of a sharp slowdown However, in September 2021, Halliburton launched its novel measurement while drilling technology called QuickPulse Automated Directional Gamma Service that delivers reliable and accurate downhole information at extended depths to operators. The technology aims to reduce well-time and make informed decisions about geo-steering to enhance asset value. In March 2021, Malaysian investment company, Danang NeXchange (DNeX), bagged a contract from Petronas Carigali for drilling operations. Under the contract, DNeX will provide Petronas with services and equipment for logging while drilling, measurement while drilling, and directional drilling. These developments will help the company to recover from the covid-19 disruptions.
MARKET PLAYERS
The reports cover key developments in the measurement while drilling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from measurement while drilling market are anticipated to lucrative growth opportunities in the future with the rising demand for measurement while drilling in the global market. Below mentioned is the list of few companies engaged in the measurement while drilling market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the measurement while drilling market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Schlumberger Limited
- Halliburton
- Weatherford
- Cathedral Energy Services
- N.O.V. Inc
- Gyrodata
- Scientific Drilling International
- LEAM Drilling Services
- Jindal Drilling and Industries Ltd
- Nabors Industries Ltd
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Measurement While Drilling Market - By Location
1.3.2 Measurement While Drilling Market - By Well Type
1.3.3 Measurement While Drilling Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEASUREMENT WHILE DRILLING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MEASUREMENT WHILE DRILLING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MEASUREMENT WHILE DRILLING MARKET - GLOBAL MARKET ANALYSIS
6.1. MEASUREMENT WHILE DRILLING - GLOBAL MARKET OVERVIEW
6.2. MEASUREMENT WHILE DRILLING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEASUREMENT WHILE DRILLING MARKET - REVENUE AND FORECASTS TO 2028 - LOCATION
7.1. OVERVIEW
7.2. LOCATION MARKET FORECASTS AND ANALYSIS
7.3. ONSHORE
7.3.1. Overview
7.3.2. Onshore Market Forecast and Analysis
7.4. OFFSHORE
7.4.1. Overview
7.4.2. Offshore Market Forecast and Analysis
8. MEASUREMENT WHILE DRILLING MARKET - REVENUE AND FORECASTS TO 2028 - WELL TYPE
8.1. OVERVIEW
8.2. WELL TYPE MARKET FORECASTS AND ANALYSIS
8.3. HORIZONTAL
8.3.1. Overview
8.3.2. Horizontal Market Forecast and Analysis
8.4. DIRECTIONAL
8.4.1. Overview
8.4.2. Directional Market Forecast and Analysis
8.5. VERTICAL
8.5.1. Overview
8.5.2. Vertical Market Forecast and Analysis
9. MEASUREMENT WHILE DRILLING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Measurement While Drilling Market Overview
9.1.2 North America Measurement While Drilling Market Forecasts and Analysis
9.1.3 North America Measurement While Drilling Market Forecasts and Analysis - By Location
9.1.4 North America Measurement While Drilling Market Forecasts and Analysis - By Well Type
9.1.5 North America Measurement While Drilling Market Forecasts and Analysis - By Countries
9.1.5.1 United States Measurement While Drilling Market
9.1.5.1.1 United States Measurement While Drilling Market by Location
9.1.5.1.2 United States Measurement While Drilling Market by Well Type
9.1.5.2 Canada Measurement While Drilling Market
9.1.5.2.1 Canada Measurement While Drilling Market by Location
9.1.5.2.2 Canada Measurement While Drilling Market by Well Type
9.1.5.3 Mexico Measurement While Drilling Market
9.1.5.3.1 Mexico Measurement While Drilling Market by Location
9.1.5.3.2 Mexico Measurement While Drilling Market by Well Type
9.2. EUROPE
9.2.1 Europe Measurement While Drilling Market Overview
9.2.2 Europe Measurement While Drilling Market Forecasts and Analysis
9.2.3 Europe Measurement While Drilling Market Forecasts and Analysis - By Location
9.2.4 Europe Measurement While Drilling Market Forecasts and Analysis - By Well Type
9.2.5 Europe Measurement While Drilling Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Measurement While Drilling Market
9.2.5.1.1 Germany Measurement While Drilling Market by Location
9.2.5.1.2 Germany Measurement While Drilling Market by Well Type
9.2.5.2 France Measurement While Drilling Market
9.2.5.2.1 France Measurement While Drilling Market by Location
9.2.5.2.2 France Measurement While Drilling Market by Well Type
9.2.5.3 Italy Measurement While Drilling Market
9.2.5.3.1 Italy Measurement While Drilling Market by Location
9.2.5.3.2 Italy Measurement While Drilling Market by Well Type
9.2.5.4 United Kingdom Measurement While Drilling Market
9.2.5.4.1 United Kingdom Measurement While Drilling Market by Location
9.2.5.4.2 United Kingdom Measurement While Drilling Market by Well Type
9.2.5.5 Russia Measurement While Drilling Market
9.2.5.5.1 Russia Measurement While Drilling Market by Location
9.2.5.5.2 Russia Measurement While Drilling Market by Well Type
9.2.5.6 Rest of Europe Measurement While Drilling Market
9.2.5.6.1 Rest of Europe Measurement While Drilling Market by Location
9.2.5.6.2 Rest of Europe Measurement While Drilling Market by Well Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Measurement While Drilling Market Overview
9.3.2 Asia-Pacific Measurement While Drilling Market Forecasts and Analysis
9.3.3 Asia-Pacific Measurement While Drilling Market Forecasts and Analysis - By Location
9.3.4 Asia-Pacific Measurement While Drilling Market Forecasts and Analysis - By Well Type
9.3.5 Asia-Pacific Measurement While Drilling Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Measurement While Drilling Market
9.3.5.1.1 Australia Measurement While Drilling Market by Location
9.3.5.1.2 Australia Measurement While Drilling Market by Well Type
9.3.5.2 China Measurement While Drilling Market
9.3.5.2.1 China Measurement While Drilling Market by Location
9.3.5.2.2 China Measurement While Drilling Market by Well Type
9.3.5.3 India Measurement While Drilling Market
9.3.5.3.1 India Measurement While Drilling Market by Location
9.3.5.3.2 India Measurement While Drilling Market by Well Type
9.3.5.4 Japan Measurement While Drilling Market
9.3.5.4.1 Japan Measurement While Drilling Market by Location
9.3.5.4.2 Japan Measurement While Drilling Market by Well Type
9.3.5.5 South Korea Measurement While Drilling Market
9.3.5.5.1 South Korea Measurement While Drilling Market by Location
9.3.5.5.2 South Korea Measurement While Drilling Market by Well Type
9.3.5.6 Rest of Asia-Pacific Measurement While Drilling Market
9.3.5.6.1 Rest of Asia-Pacific Measurement While Drilling Market by Location
9.3.5.6.2 Rest of Asia-Pacific Measurement While Drilling Market by Well Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Measurement While Drilling Market Overview
9.4.2 Middle East and Africa Measurement While Drilling Market Forecasts and Analysis
9.4.3 Middle East and Africa Measurement While Drilling Market Forecasts and Analysis - By Location
9.4.4 Middle East and Africa Measurement While Drilling Market Forecasts and Analysis - By Well Type
9.4.5 Middle East and Africa Measurement While Drilling Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Measurement While Drilling Market
9.4.5.1.1 South Africa Measurement While Drilling Market by Location
9.4.5.1.2 South Africa Measurement While Drilling Market by Well Type
9.4.5.2 Saudi Arabia Measurement While Drilling Market
9.4.5.2.1 Saudi Arabia Measurement While Drilling Market by Location
9.4.5.2.2 Saudi Arabia Measurement While Drilling Market by Well Type
9.4.5.3 U.A.E Measurement While Drilling Market
9.4.5.3.1 U.A.E Measurement While Drilling Market by Location
9.4.5.3.2 U.A.E Measurement While Drilling Market by Well Type
9.4.5.4 Rest of Middle East and Africa Measurement While Drilling Market
9.4.5.4.1 Rest of Middle East and Africa Measurement While Drilling Market by Location
9.4.5.4.2 Rest of Middle East and Africa Measurement While Drilling Market by Well Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Measurement While Drilling Market Overview
9.5.2 South and Central America Measurement While Drilling Market Forecasts and Analysis
9.5.3 South and Central America Measurement While Drilling Market Forecasts and Analysis - By Location
9.5.4 South and Central America Measurement While Drilling Market Forecasts and Analysis - By Well Type
9.5.5 South and Central America Measurement While Drilling Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Measurement While Drilling Market
9.5.5.1.1 Brazil Measurement While Drilling Market by Location
9.5.5.1.2 Brazil Measurement While Drilling Market by Well Type
9.5.5.2 Argentina Measurement While Drilling Market
9.5.5.2.1 Argentina Measurement While Drilling Market by Location
9.5.5.2.2 Argentina Measurement While Drilling Market by Well Type
9.5.5.3 Rest of South and Central America Measurement While Drilling Market
9.5.5.3.1 Rest of South and Central America Measurement While Drilling Market by Location
9.5.5.3.2 Rest of South and Central America Measurement While Drilling Market by Well Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MEASUREMENT WHILE DRILLING MARKET, KEY COMPANY PROFILES
11.1. SCHLUMBERGER LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HALLIBURTON
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. WEATHERFORD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CATHEDRAL ENERGY SERVICES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. N.O.V. INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GYRODATA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SCIENTIFIC DRILLING INTERNATIONAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LEAM DRILLING SERVICES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. JINDAL DRILLING AND INDUSTRIES LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NABORS INDUSTRIES LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Schlumberger Limited
2. Halliburton
3. Weatherford
4. Cathedral Energy Services
5. N.O.V. Inc
6. Gyrodata
7. Scientific Drilling International
8. LEAM Drilling Services
9. Jindal Drilling and Industries Ltd
10. Nabors Industries Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For