PUBLISHER: SkyQuest | PRODUCT CODE: 1448300
PUBLISHER: SkyQuest | PRODUCT CODE: 1448300
Global Measurement While Drilling Market Size, Share, Growth Analysis, By Technology(Electromagnetic, mud pulse), By Application(Oil and gas exploration, directional drilling) - Industry Forecast 2024-2031
Global measurement while drilling market size was valued at USD 12.62 billion in 2022 and is poised to grow from USD 13.58 billion in 2023 to USD 24.19 billion by 2031, at a CAGR of 7.49% during the forecast period (2024-2031).
The Measurement While Drilling (MWD) market has grown a lot due to the oil and gas industry getting bigger and improvements in drilling technology. MWD systems give real-time data on drilling, which helps make decisions and put wellbores in the right place. The market's growth is affected by the increasing need for energy, drilling in tough places, and trying to make drilling cheaper. Big companies are spending money on research to make better MWD tools, like sensors and communication systems, to send data accurately. But worries about the environment and the move towards renewable energy could affect how well the MWD market does in the long run.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Measurement While Drilling (MWD) Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Measurement While Drilling (MWD) Market Segmental Analysis
The global measurement while drilling (MWD) market is segmented on the basis of technology, application, and region. By technology, the market is segmented into electromagnetic, mud pulse, and wired pipe systems. By Applications, the market is segmented into oil and gas exploration, directional drilling, and wellbore positioning. By Region, the market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa.
Drivers of the Global Measurement While Drilling (MWD) Market
The Measurement While Drilling (MWD) market is growing because the oil and gas industry needs drilling operations to be efficient and precise. MWD technology collects data in real-time, making drilling more efficient, reducing delays, and making operations safer overall.
Restraints in the Global Measurement While Drilling (MWD) Market
The growth of the MWD market could face obstacles like high starting costs, complicated technology, and worries about data security. Also, because the oil and gas industry goes through ups and downs, there might be less investment in advanced drilling tech like MWD during slow periods.
Market Trends of the Global Measurement While Drilling (MWD) Market
The Measurement While Drilling (MWD) market is seeing some big trends. Advanced sensors and IoT technology are making real-time data for drilling operations more accurate. There's more demand because companies are exploring in harder-to-reach places. Automation and data analysis are making drilling processes better, cutting down on delays and costs. Better communication systems are making it easier to send data from downhole tools to the surface. Also, MWD tools are getting smaller and tougher. Worries about the environment are making companies use more eco-friendly practices. As energy needs change, the MWD market is growing because of digitalization, sustainability, and better ways to get resources.
Table of Contents
Executive Summary
- Market Overview
- Wheel of Fortune
Research Methodology
- Information Procurement
- Secondary & Primary Data Sources
- Market Size Estimation
- Market Assumptions & Limitations
Parent Market Analysis
- Market Overview
- Market Size
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Key Market Insights
- Technology Analysis
- Pricing Analysis
- Supply Chain Analysis
- Value Chain Analysis
- Ecosystem of the Market
- IP Analysis
- Trade Analysis
- Startup Analysis
- Raw Material Analysis
- Innovation Matrix
- Pipeline Product Analysis
- Macroeconomic Indicators
- Top Investment Analysis
- Key Success Factor
- Degree of Competition
Market Dynamics & Outlook
- Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
- Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Global Measurement While Drilling Market by Technology
- Market Overview
- Electromagnetic
- mud pulse
- and wired pipe systems
Global Measurement While Drilling Market by Application
- Market Overview
- Oil and gas exploration
- directional drilling
- and wellbore positioning
Global Measurement While Drilling Market Size by Region
- Market Overview
- North America
- USA
- Canada
- Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
- Top 5 Player Comparison
- Market Positioning of Key Players, 2021
- Strategies Adopted by Key Market Players
- Top Winning Strategies
- By Development
- By Company
- By Year
- Recent Activities in the Market
- Key Companies Market Share (%), 2021
Key Company Profiles
- Schlumberger (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Halliburton (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Baker Hughes (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Weatherford International (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- National Oilwell Varco (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- GE(Baker Hughes) (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- NOV Downhole Eurasia (Russia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Gyrodata Incorporated (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- APS Technology Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Pioneer Petrotech Services Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Scientific Drilling International (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Jindal Drilling & Industries Ltd. (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Cougar Drilling Solutions (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- MWD Supply Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- CES Group (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Nabors Industries (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Nabors - Tesco (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Sperry Drilling (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Power Energy (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Wellpath Energy Services (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
