Geosteering Technology Market Analysis, Trends, and Scope 2020 to 2027
Geosteering Technology Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 15.27 Billion |
Market Size by 2027 | US$ 27.91 Billion |
Global CAGR (2019 - 2027) | 11.8% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The players in the geosteering technology market focus on strategies such as market initiatives, acquisitions, and product launches to maintain their positions in the market. A few developments by key players are listed below:
In 2020, Emerson Paradigm Holding LLC released Paradigm 19 software suits for all its all E&P software domains which would save cost, increase workflow efficiency, and educed uncertainty. The software suite is available for cloud as well as on premise platform.
In 2019, Schlumberger Limited announced that it ended the Sensia joint venture with Rockwell Automation Inc. Sensia was the oil & gas industry's first digitally enabled automated integrated solution.
Geosteering Technology Market – by Product
- Logging While Drilling
- Measurement-While-Drilling
- Rotary Steerable Systems
- Drive Systems
- Others
Geosteering Technology Market – by Application
- Petroleum Development
- Natural Gas Transportation
- Others
Geosteering Technology Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Geosteering Technology Market – Company Profiles
- Cougar Drilling Solution Inc.
- Emerson Paradigm Holding LLC
- Exlog
- Geonaft
- Geotech Logging Services LLC
- Halliburton Energy Services, Inc.
- HMG Software LLC
- ROGII Inc.
- Schlumberger Limited
- Terracosm Software, LLC