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.
The "Global Measurement While Drilling Market Analysis to 2028" 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.
The global measurement while drilling market is segmented by location, and well type.
On the basis of location, the market is segmented into Onshore, Offshore
On the basis of well type, the market is segmented into Horizontal, Directional, Vertical
Increasing investments towards technological advancements to enhance drilling efficiency will stimulate the market's growth for measurement while drilling.
Shrinking investment due to the pandemic outbreak and volatile prices will hamper the market growth.
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 2019 to 2028 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 2019, 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 2020, 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.
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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.
Cathedral Energy Services
Scientific Drilling International
LEAM Drilling Services
Jindal Drilling and Industries Ltd
Nabors Industries Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.