Oil and Gas Nuclear Magnetic Resonance Market 2021 Global Industry Analysis, Development, Scope, Share, Trends | Vista Clara Inc, Halliburton Company, Weatherford International plc, Baker Hughes Company, and Schlumberger Limited.

The oil and gas nuclear magnetic resonance (NMR) market is expected to grow at CAGR of more than +5% during the forecast period of 2021-2028.

Oil and Gas Nuclear Magnetic Resonance selective absorption of very high-frequency radio waves by certain atomic nuclei that are subjected to an appropriately strong stationary magnetic field. This phenomenon was first observed in 1946 by the physicists Felix Bloch and Edward M. Purcell independently of each other.

Nuclear magnetic resonance (NMR) is a physical phenomenon in which nuclei in a strong constant magnetic field are perturbed by a weak oscillating magnetic field and respond by producing an electromagnetic signal with a frequency characteristic of the magnetic field at the nucleus.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Oil and Gas Nuclear Magnetic Resonance market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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Some of the key players operating in the Oil and Gas Nuclear Magnetic Resonance market are Vista Clara Inc, Halliburton Company, Weatherford International plc, Baker Hughes Company, and Schlumberger Limited.

Market Analysis

This report extensively covers different segments of Global Oil and Gas Nuclear Magnetic Resonance Market and provides an in-depth analysis for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points.

Key Market Trends

Onshore Sector to Dominate the Demand

NMR is a type of log that provides information about the quantities of fluids present, the properties of these fluids, and the sizes of the pores containing these fluids.
In 2019, India’s state-owned company ONGC announced that it had allotted INR 6,000 crore in drilling 200 wells over the next seven years in Assam to increase the output from the state. The wells are expected to be drilled during the next seven years, hence increasing the demand for logging services market during the forecast period.
In Russia, Gazprom Neft continues to conduct studies on its Bazhenov acreage and is targeting 40,000 b/d of production from shale by 2023. To attain successful recovery, the demand for logging, including NMR, is likely to increase.
With increasing rig count in the Asia Pacific to 228 in 2019, drilling of new can be expected. The new wells are likely to undergo logging activities in the forecast period.
Due to the COVID-19 outbreak, delay in upstream projects is expected in the short term. Later in the forecast period, with the initiation of new projects, the market of NMR is expected to grow considerably.

The report is mainly segmented into several key regions, with sales, revenue, market share, and growth rate in these regions, covering:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Table of Contents: -

1. Global Oil and Gas Nuclear Magnetic Resonance Market Overview
2. Global Oil and Gas Nuclear Magnetic Resonance Market Competitions by Manufacturers
3. Global Oil and Gas Nuclear Magnetic Resonance Capacities, Production, Revenue (Value) by Region
4. Global Oil and Gas Nuclear Magnetic Resonance Supply (Production), Consumption, Export, Import by Region
5. Global Oil and Gas Nuclear Magnetic Resonance Productions, Revenue (Value), Price Trend by Type
6. Global Oil and Gas Nuclear Magnetic Resonance Market Analyses by Application
7. Global Oil and Gas Nuclear Magnetic Resonance Manufacturers Profiles/Analysis
8. Oil and Gas Nuclear Magnetic Resonance Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analyses, Distributors/Traders
11. Market Effect Factors Analysis
12. Global Oil and Gas Nuclear Magnetic Resonance Market Forecast
13. Research Findings and Conclusion
14. Appendixes

The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report's an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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