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Global Measurement While Drilling Market Size, Analysis: By Location of Deployment: On-shore, Off-shore; By Well Type: Horizontal, Vertical, Directional; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Measurement While Drilling Market Size
The global measurement while drilling market is projected to grow at a CAGR of 7.4% between 2024 and 2032, aided by the growth of offshore oilfields globally.
| Global Measurement While Drilling Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.4% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 9.6% |
| CAGR 2024-2032 - Market by Country | India | 11.0% |
| CAGR 2024-2032 - Market by Country | China | 9.2% |
| CAGR 2024-2032 - Market by Location of Deployment | Offshore | 8.1% |
| CAGR 2024-2032 - Market by Well Type | Horizontal | 8.3% |
| Market Share by Country 2023 | USA | XX% |
Global Measurement While Drilling Market Outlook
The global measurement while drilling market value is increasing due to the growing pressure on oil and gas companies to meet rising energy demands. Driven by the strengthening of regulatory norms and the need to minimise operational costs, oil and gas companies are adopting MWD technology to boost their productivity and efficiency.
By obtaining real-time data about the borewell’s trajectory, drilling conditions, and geological formations, companies can make informed decisions to minimise the risk of accidents in complex environments and boost the accuracy of drilling processes, thereby minimising non-productive tasks. Technological advancements, such as directional and horizontal drilling, are also contributing towards the market growth.
Increasing Innovation in Telemetry Systems and Rising Usage of AI tools are Some of the Crucial Measurement While Drilling Market Trends
- The market is segmented by deployment location, with offshore expected to lead the market with a compound annual growth rate (CAGR) of 8.1%. This growth is driven by the huge potential of oil and gas reserves in regions like the North Sea.
- As per the measurement while drilling industry analysis, onshore follow with a projected CAGR of 6.7%, due to large quantities of output generated by them annually.
| CAGR 2024-2032 - Market by | Location of Deployment |
| Offshore | 8.1% |
| Onshore | 6.7% |
| CAGR 2024-2032 - Market by | Well Type |
| Horizontal | 8.3% |
| Directional | 7.8% |
| Vertical | 7.0% |
The Demand for Unconventional Energy Resources and Rising Focus on Cost Optimisation are Driving the Measurement While Drilling Market Growth
- In terms of well type, the horizontal segment is anticipated to dominate the market, with a CAGR of 8.3%. Since this process provides increased contact with the hydrocarbon-bearing formations, it is expected to drive the measurement while drilling market revenue.
- The directional segment is projected to grow at a CAGR of 7.8%, driven by the growing need for optimising the placement of wells for enhancing production. This is expected to create significant measurement while drilling market opportunities.
- The vertical segment is expected to grow at a CAGR of 7.0%, as it is a simple and cost-effective process.
Global Measurement While Drilling Market Regional Analysis
- The market is expected to experience varied growth rates across different regions from 2024 to 2032. The Asia Pacific significantly contributes to the measurement while drilling market share, growing at a CAGR of 9.6% during 2024-2032. This growth is driven by rapid industrialisation and urbanisation, which is accelerating the energy demand.
- The Middle East and Africa is expected to grow at a CAGR of 8.0%, supported by infrastructural development of oil wells.
- Latin America is projected to grow at a CAGR of 7.1%, reflecting the region's ongoing efforts to enhance power reliability and boost its energy security.
- North America remains a significant market with a projected CAGR of 6.1%, driven by the demand for reliable power solutions for commercial applications, particularly in the USA and Canada.
- The demand for the measurement while drilling market in Europe is expected to grow at a CAGR of 5.7%, driven by technological advancements and the adoption of measurement while MWD systems in various applications across the region.
Measurement While Drilling Market Regional Insight
North America
USA: Projected to grow at a CAGR of 6.0%, driven by technological advancements and high demand for reliable power solutions across various sectors.
Canada: Expected to grow at a CAGR of 7.0%, reflecting efforts to enhance power reliability and support for advanced technologies.
Measurement While Drilling Industry Statistics in Europe
UK: Anticipated to grow at a CAGR of 6.8%, driven by strong policies promoting the adoption of advanced technologies for oil and gas extraction.
Germany: Expected to grow at a CAGR of 5.4%, supported by technological advancements and increasing adoption of MWD systems by the oil and gas industry.
France: Projected to grow at a CAGR of 5.2%, reflecting stable demand and advancements in measurement while drilling technology.
Italy: Expected to grow at a CAGR of 4.6%, driven by efforts to boost power reliability.
Asia Pacific
India: Leading with the highest regional CAGR of 11.0%, reflecting rapid industrial growth and increasing demand for energy by the commercial sector.
China: Expected to grow at a CAGR of 9.2%, driven by significant industrialisation and rising energy demand.
Japan: Projected to grow at a CAGR of 5.7%, supported by technological advancements and investments in reliable power solutions.
Australia: Expected to grow at a CAGR of 6.5%, driven by expanding urbanisation and the diversification of energy resources.
Latin America
The measurement while drilling industry in Brazil is projected to grow at a CAGR of 8.1%, supported by expanding industrial activities and rising demand for energy.
Mexico: Expected to grow at a CAGR of 6.9%, reflecting ongoing efforts to boost industrial production and upgrade its existing infrastructure.
Middle East and Africa
Saudi Arabia: Projected to grow at a CAGR of 8.4%, reflecting significant investments in infrastructural development and the need for reliable power solutions in remote areas.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 9.6% |
| Middle East and Africa | 8.0% |
| Latin America | 7.1% |
| North America | 6.1% |
| Europe | 5.7% |
| CAGR 2024-2032 - Market by | Country |
| India | 11.0% |
| China | 9.2% |
| Saudi Arabia | 8.4% |
| Brazil | 8.1% |
| Canada | 7.0% |
| Mexico | 6.9% |
| UK | 6.8% |
| Australia | 6.5% |
| USA | 6.0% |
| Japan | 5.7% |
| Germany | 5.4% |
| France | 5.2% |
| Italy | 4.6% |
Key Questions Answered in This Report:
- How has the global measurement while drilling market performed historically, and what are the growth expectations for the future?
- What are the primary factors influencing demand and growth in the global measurement while drilling market?
- What are the key segments within the global measurement while drilling market, and how are they expected to evolve over the forecast period?
- What are the major challenges and opportunities facing stakeholders in the global measurement while drilling market?
- Who are the key players in the global measurement while drilling market, and what strategies are they employing to maintain a competitive edge?
- What are the regulatory and policy factors influencing measurement while drilling market globally or regionally?
- How competitive is the global measurement while drilling market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?
- What are the current trends shaping the global measurement while drilling market landscape, and how are they expected to evolve in the future?
- How are technological advancements impacting the global measurement while drilling market, and what role do innovation and R&D play in driving growth?
- What are the consumer preferences and buying behavior trends influencing the global measurement while drilling market?
- How sustainable are current growth rates in the global measurement while drilling market, and what factors could potentially disrupt these trends?
- What are the regional dynamics within the global measurement while drilling market, and how do they contribute to overall market growth?
- What are the economic factors influencing the global measurement while drilling market, such as GDP growth, inflation rates, and currency fluctuations?
- How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the global measurement while drilling market?
- What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the global measurement while drilling market?
- What are the regulatory and legal frameworks impacting the global measurement while drilling market globally or in key regions?
- How are changing consumer lifestyles and preferences influencing product or service demand within the global measurement while drilling market?
- What are the emerging market trends and niche opportunities within the global measurement while drilling market that stakeholders should be aware of?
- How resilient is the global measurement while drilling market to external shocks or disruptions, such as geopolitical tensions or natural disasters?
- What are the potential barriers to market entry and growth for new players in the global measurement while drilling market?
Key Benefits for Stakeholders:
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global measurement while drilling market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global measurement while drilling industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global measurement while drilling market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global measurement while drilling market landscape.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Location of Deployment |
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| Breakup by Well Type |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Measurement While Drilling Market Analysis
8.1 Key Industry Highlights
8.2 Global Measurement While Drilling Historical Market (2018-2023)
8.3 Global Measurement While Drilling Market Forecast (2024-2032)
8.4 Global Measurement While Drilling Market by Location of Deployment
8.4.1 On-shore
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Off-shore
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Measurement While Drilling Market by Well Type
8.5.1 Horizontal
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Vertical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Directional
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Measurement While Drilling Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Measurement While Drilling Market Analysis
9.1 Market by Location of Deployment
9.2 Market by Well Type
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market by Element
9.3.1.2 Market by Technology
9.3.1.3 Historical Trend (2018-2023)
9.3.1.4 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Market by Element
9.3.2.2 Market by Technology
9.3.2.3 Historical Trend (2018-2023)
9.3.2.4 Forecast Trend (2024-2032)
10 Europe Measurement While Drilling Market Analysis
10.1 Market by Location of Deployment
10.2 Market by Well Type
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market by Element
10.3.1.2 Market by Technology
10.3.1.3 Historical Trend (2018-2023)
10.3.1.4 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Market by Element
10.3.2.2 Market by Technology
10.3.2.3 Historical Trend (2018-2023)
10.3.2.4 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Market by Element
10.3.3.2 Market by Technology
10.3.3.3 Historical Trend (2018-2023)
10.3.3.4 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Market by Element
10.3.4.2 Market by Technology
10.3.4.3 Historical Trend (2018-2023)
10.3.4.4 Forecast Trend (2024-2032)
10.4 Others
11 Asia Pacific Measurement While Drilling Market Analysis
11.1 Market by Location of Deployment
11.2 Market by Well Type
11.3 Market by Country
11.3.1 China
11.3.1.1 Market by Element
11.3.1.2 Market by Technology
11.3.1.3 Historical Trend (2018-2023)
11.3.1.4 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Market by Element
11.3.2.2 Market by Technology
11.3.2.3 Historical Trend (2018-2023)
11.3.2.4 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Market by Element
11.3.3.2 Market by Technology
11.3.3.3 Historical Trend (2018-2023)
11.3.3.4 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Market by Element
11.3.4.2 Market by Technology
11.3.4.3 Historical Trend (2018-2023)
11.3.4.4 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Market by Element
11.3.5.2 Market by Technology
11.3.5.3 Historical Trend (2018-2023)
11.3.5.4 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America Measurement While Drilling Market Analysis
12.1 Market by Location of Deployment
12.2 Market by Well Type
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Market by Element
12.3.1.2 Market by Technology
12.3.1.3 Historical Trend (2018-2023)
12.3.1.4 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Market by Element
12.3.2.2 Market by Technology
12.3.2.3 Historical Trend (2018-2023)
12.3.2.4 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Market by Element
12.3.3.2 Market by Technology
12.3.3.3 Historical Trend (2018-2023)
12.3.3.4 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Measurement While Drilling Market Analysis
13.1 Market by Location of Deployment
13.2 Market by Well Type
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market by Element
13.3.1.2 Market by Technology
13.3.1.3 Historical Trend (2018-2023)
13.3.1.4 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Market by Element
13.3.2.2 Market by Technology
13.3.2.3 Historical Trend (2018-2023)
13.3.2.4 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Market by Element
13.3.3.2 Market by Technology
13.3.3.3 Historical Trend (2018-2023)
13.3.3.4 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Market by Element
13.3.4.2 Market by Technology
13.3.4.3 Historical Trend (2018-2023)
13.3.4.4 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Schlumberger Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Halliburton Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Baker Hughes Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Weatherford International plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 National Oilwell Varco Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Measurement While Drilling Market: Key Industry Highlights, 2018 and 2032
2. Global Measurement While Drilling Historical Market: Breakup by Location of Deployment (USD Million), 2018-2023
3. Global Measurement While Drilling Market Forecast: Breakup by Location of Deployment (USD Million), 2024-2032
4. Global Measurement While Drilling Historical Market: Breakup by Well Type (USD Million), 2018-2023
5. Global Measurement While Drilling Market Forecast: Breakup by Well Type (USD Million), 2024-2032
6. Global Measurement While Drilling Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Measurement While Drilling Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Measurement While Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Measurement While Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Measurement While Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Measurement While Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Measurement While Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Measurement While Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Measurement While Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Measurement While Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Measurement While Drilling Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Measurement While Drilling Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Measurement While Drilling Market Structure
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