Press release
The Rise In Oil And Gas Exploration Activities Driving The Growth Of The Market Due To Increasing Energy Demand And Real-Time Drilling Optimization: Transformative Forces Shaping the Measurement While Drilling Market Landscape in 2025
Measurement While Drilling
How Large Will the Measurement While Drilling Market Size By 2025?
The market size of measurement while drilling has seen a significant increase in recent years. The growth is projected to increase from $3.53 billion in 2024 to $3.84 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. Factors attributing to this growth in the past include the rising demand for real-time downhole data, the need for improved drilling accuracy, a focus on safety and risk reduction, an increase in operational efficiency needs, and a rise in offshore exploration activities.
How Big Is the Measurement While Drilling Market Size Expected to Grow by 2029?
Anticipated to exhibit significant expansion in the foroming years, the market size of measurement-while-drilling is projected to reach $5.29 billion in 2029, escalating at a compound annual growth rate (CAGR) of 8.3%. The predicted growth within this period can be linked to the increasing emphasis on the implementation of digital solutions in oilfields, surges in investments towards the exploitation of unconventional resources, heightened focus on environmental sustainability, burgeoning offshore deepwater exploration initiatives, and the rising demand for more cost-effective drilling operations. Notable emerging trends within this forecast timeframe encompass advancements in real-time data gathering, the creation of measurement tools capable of withstanding high temperatures and pressures, efforts towards integrating artificial intelligence and machine learning, forward strides in environmentally friendly drilling technologies, and the design of sturdy fiber-optic gyroscopes to increase directional precision.
View the full report here:
https://www.thebusinessresearchcompany.com/report/measurement-while-drilling-global-market-report
Which Key Market Drivers Powering Measurement While Drilling Market Expansion and Growth?
The increase in oil and gas exploration actions is propelling the market's expansion, thanks to an escalating energy demand and real-time drilling enhancement.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=27771&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Measurement While Drilling Market?
Leading businesses in the Measurement While Drilling (MWD) market are striving to create ground-breaking solutions such as wireless real-time communication systems. These technological advancements are designed to deliver subsurface data transmission during drilling operations in a swifter and more precise manner. As opposed to traditional methods requiring physical cables, these wireless systems allow for instant data transmission from downhole drilling equipment to the surface, facilitating prompt monitoring and decision-making. In fact, in September 2022, Enteq Technologies Plc, a UK-based energy services engineering and technology company, introduced the XXT-Hop series. This system is designed for real-time communications during both Rotary Steerable Systems (RSS) and Measurement While Drilling (MWD) operations. With the elimination of hard connectors and specific collar lengths, Logging While Drilling (LWD) can now operate under MWD equipment, improving the longevity of the tool and boosting operational efficiency. The intricacies of this system include drop-in modules, a transmitter located above the RSS, and a receiver merged into the MWD string, which facilitates uninterrupted real-time data transmission to the surface. This setup provides a modular approach to wireless MWD or LWD communications, a real-time RSS data feed, and a mechanism to confirm control commands, enhancing drilling accuracy and operational assurance.
What Are the Emerging Segments in the Measurement While Drilling Market?
The measurement while drilling market covered in this report is segmented
1) By Component: Downhole Tools, Surface Equipment, Data Analysis Software, Power Supply Systems, Sensors And Transmitters
2) By Based On Technology: Electromagnetic Measurement While Drilling Systems, Single-Phase Measurement While Drilling Systems, Two-Phase Measurement While Drilling Systems, Multi-Phase Measurement While Drilling Systems, Software-Enhanced Measurement While Drilling Solutions
3) By Well Type Outlook: Directional, Horizantal, Vertical
4) By Application: Onshore, Offshore
5) By End User: Oil And Gas Companies, Mining Corporations, Utility Companies, Govement And Regulatory Bodies, Research Institutions
Subsegments:
1) By Downhole Tools: Drill Collars, Stabilizers, Reamers, Shock Absorbers, Rotary Steerable Systems
2) By Surface Equipment: Mud Pumps, Mud Tanks, Control Units, Top Drives, Blowout Preventers
3) By Data Analysis Software: Real Time Data Processing Software, Modeling And Simulation Software, Data Visualization Tools, Predictive Analytics Software
4) By Power Supply Systems: Battery Packs, Turbine Generators, Alternators, Fuel Cells, Hybrid Power Units
5) By Sensors And Transmitters: Pressure Sensors, Temperature Sensors, Gamma Ray Sensors, Resistivity Sensors, Acoustic Sensors
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=27771&type=smp
Who Are the Global Leaders in the Measurement While Drilling Market?
Major companies operating in the measurement while drilling market are General Electric Company, Schlumberger Limited, Baker Hughes Company, Halliburton Company, National Oilwell Varco Inc., Weatherford International plc, Helmerich And Payne Inc., Nabors Industries Ltd., Hunting PLC, KLX Energy Services Inc., Leam Drilling Systems LLC, OilSERV Inc., Scientific Drilling International, Foraco International SA, Patriot Drilling Services, Hawkeye Directional LLC., Jindal Drilling And Industries Ltd., Saihyandri Energy Services Pvt Ltd., Calmena Energy Services Inc., Enteq Technologies plc.
Which are the Top Profitable Regional Markets for the Measurement While Drilling Industry?
North America was the largest region in the measurement while drilling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in measurement while drilling report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=27771
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQThis Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Rise In Oil And Gas Exploration Activities Driving The Growth Of The Market Due To Increasing Energy Demand And Real-Time Drilling Optimization: Transformative Forces Shaping the Measurement While Drilling Market Landscape in 2025 here
News-ID: 4197739 • Views: …
More Releases from The Business Research Company
The Rise In Cloud Adoption Driving The Growth Of Market Due To Enhanced Scalabil …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Robotic Process Automation In Legal Service Market Through 2025?
The market size for robotic process automation within the realm of legal services has seen impressive growth in recent years. It's expected to escalate from a valuation of $2.18 billion in 2024 to…
2025-2034 Robotic Ceramic Tile Laying Market Outlook: Key Drivers, Emerging Chal …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Robotic Ceramic Tile Laying Industry Market Size Be by 2025?
The market size of robotic ceramic tile laying has experienced a swift expansion in the past few years. The market, which is predicted to increase from $1.42 billion in 2024 to $1.67 billion in 2025, is…
Regolith Excavation Robot Market Growth Accelerates: Strategic Forecast Predicts …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Regolith Excavation Robot Market Size By 2025?
The market for regolith excavation robots has seen a swift expansion in recent years. The industry, which was valued at $1.04 billion in 2024, is projected to reach $1.24 billion in 2025, a growth pattern reflecting a compound…
Future of the Carbon-Smart Employee Benefit Program Market: Trends, Innovations, …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Carbon-Smart Employee Benefit Program Market Size Growth Forecast: What to Expect by 2025?
The market size of the carbon-conscious employee benefit program has seen an incredible surge in recent years. The market is set to expand from $2.30 billion in 2024 to $2.72 billion in 2025, boasting a compound…
More Releases for Drill
What Is Difference Between HSS Twist Drill Bits And Cobalt Drill Bits?
Welcome to our product introduction on twist drill bits and cobalt drill bits. In the world of drilling tools, these two types of drill bits have become quite popular among professionals and DIY enthusiasts alike. They are known for their durability, versatility, and efficiency when it comes to drilling through various materials, including metal, wood, and plastic.
The purpose of this introduction is to explain the key differences between twist drill…
Construction Industry Core Drill Market, By Type (Wet Drill Bits and Dry Drill B …
With thorough company profiles, recent developments, and other information, the Construction Industry Core Drill Market Report provides an in-depth analysis of major trends, motivating reasons, obstacles, segmentation, regulatory policies, and important players. The Construction Industry Core Drill Market Report offers a thorough synopsis of the product portfolio, including product development, planning, and positioning of products with emerging technologies, impending opportunities, and problems. The market's views and viewpoints assess the potential…
Drill Collars in Oilfield Market: Players Tapping Emerging Markets | Drill Pipe …
Market Description -
Los Angeles, (United States) - The information made available in the Drill Collars in Oilfield report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Boring Tools Market Report 2018: Segmentation by Type (Drill Bits, Drilling Tubu …
Global Boring Tools market research report provides company profile for NACHI-FUJIKOSHI, OSG, Sandvik, BIG KAISER, Kennametal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis…
Drill Pipe Market Countering growth 2025 | Tenaris S. A, Drill Pipe Internationa …
Global Drill Pipe Market: Snapshot
Drill pipes are hollow pipes, usually made of aluminum alloys or steel and are a core component in the drilling process. The hollow drill pipes enable for the transfer of drilling fluids downwards towards the drill point or back upwards through the annulus. Although a standard length for drill pipes is up to 32 feet, there are longer pipes that could stretch till 45 feet and…
Drill Bits Market Research Report- Forecast to 2027 | Global Drill Bits Industry
Global Drill Bits Market Information Report by Type (rolling cutter and fixed cutter bits), by End Market (land and offshore.) and by Region - Forecast to 2027
Increasing demand for energy has been a major factor in the significant growth of the drill bits market In recent times. Furthermore the recent expansion and exploratory activities undertaken across the globe are expecte4d to positively influence the Drill Bits market.
Get a sample copy…
