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Global Measurement While Drilling Market to reach USD 21.8 billion by 2027.

Global Measurement While Drilling Market Size study, by Application (Onshore, offshore) and Regional Forecasts 2021-2027

Product Code: OIRIME-86167810
Publish Date: 2-02-2022
Page: 200

Global Measurement While Drilling Market is valued at approximately USD 12.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.8 % over the forecast period 2021-2027. Measurement while drilling is a technique which provide real-time bottom-hole pressure and temperature, with directional survey data and drilling parameters. The downhole data is transmitted to the surface through advanced telemetry techniques enabling the operator to make quick and efficient decisions resulting in lower operational costs, reduced time, and higher efficiency. Rising oil and gas exploration activities, growing usage of Gas Injection Technique has led to the adoption of Measurement while drilling across the forecast period. For Instance: In 2018, According to the International Energy Agency (IEA), the gas injection was expected to account for approximately 60% of EOR production in the United States, with a growing emphasis on CO2-based EOR. Also, with the focus on heavy oil production, the adoption & demand for Measurement while drilling is likely to increase the market growth during the forecast period. However, increasing adoption of renewable energy impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Measurement while drilling market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the unconventional resources in the Gulf of Mexico. Whereas, Asia-Pacific is also anticipated to exhibit a significant growth rate over the forecast period 2021-2027. Factors such as increasing investments in the upstream sector by various government and aging oil and gas fields would create lucrative growth prospects for the Measurement while drilling market across Asia-Pacific region.

Major market players included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report Jindal Drilling & Industries Ltd
Schlumberger
Halliburton
Weatherford International Ltd.
Cathedral Energy Services
National Oilwell Varco
General Electric Oil and Gas
Gyrodata
Scientific Drilling International
Leam Drilling Systems LLC
shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Onshore
Offshore
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Measurement while drilling Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Measurement While Drilling Market, by region, 2019-2027 (USD Billion)
1.2.2. Global Measurement While Drilling Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Measurement While Drilling Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Measurement While Drilling Market Dynamics
3.1. Measurement While Drilling Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Rising oil and gas exploration activities
3.1.1.2. Gas Injection Technique to Dominate the Market
3.1.2. Market Challenges
3.1.2.1. Increasing adoption of renewable energy
3.1.3. Market Opportunities
3.1.3.1. Focus on heavy oil production
Chapter 4. Global Measurement While Drilling Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Measurement While Drilling Market, by Application
6.1. Market Snapshot
6.2. Global Measurement While Drilling Market by Application, Performance – Potential Analysis
6.3. Global Measurement While Drilling Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
6.4. Measurement While Drilling Market, Sub Segment Analysis
6.4.1. Onshore
6.4.2. Offshore
Chapter 7. Global Measurement While Drilling Market, Regional Analysis
7.1. Measurement While Drilling Market, Regional Market Snapshot
7.2. North America Measurement While Drilling Market
7.2.1. U.S. Measurement While Drilling Market
7.2.1.1. Application breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Measurement While Drilling Market
7.3. Europe Measurement While Drilling Market Snapshot
7.3.1. U.K. Measurement While Drilling Market
7.3.2. Germany Measurement While Drilling Market
7.3.3. France Measurement While Drilling Market
7.3.4. Spain Measurement While Drilling Market
7.3.5. Italy Measurement While Drilling Market
7.3.6. Rest of Europe Measurement While Drilling Market
7.4. Asia-Pacific Measurement While Drilling Market Snapshot
7.4.1. China Measurement While Drilling Market
7.4.2. India Measurement While Drilling Market
7.4.3. Japan Measurement While Drilling Market
7.4.4. Australia Measurement While Drilling Market
7.4.5. South Korea Measurement While Drilling Market
7.4.6. Rest of Asia Pacific Measurement While Drilling Market
7.5. Latin America Measurement While Drilling Market Snapshot
7.5.1. Brazil Measurement While Drilling Market
7.5.2. Mexico Measurement While Drilling Market
7.6. Rest of The World Measurement While Drilling Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Jindal Drilling & Industries Ltd
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Schlumberger
8.2.3. Halliburton
8.2.4. Weatherford International Ltd.
8.2.5. Cathedral Energy Services
8.2.6. National Oilwell Varco
8.2.7. General Electric Oil and Gas
8.2.8. Gyrodata
8.2.9. Scientific Drilling International
8.2.10. Leam Drilling Systems LLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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