According to a market report by Lucintel, the future of the global geosteering market looks promising with opportunities in the LWD tools & technologies, MWD tools, rotary steerable systems, drive systems, and 3D seismic/gird model markets. The global geosteering market is expected to grow with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are expanding exploration activities in unconventional oil and gas reservoirs and growing demand for efficient drilling techniques.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in geosteering market to 2030 by component (software and services), tools (LWD tools & technologies, MWD tools, rotary steerable systems, drive systems, 3D seismic/gird model, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, software and services are the major segments of geosteering market by component. Lucintel forecasts that software is expected to witness the higher growth over the forecast period.
Within this market, rotary steerable systems is expected to witness the highest growth over the forecast period.
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North America is expected to witness highest growth over the forecast period.
Emerson Paradigm, Schlumberger, GeoSteering Technologies, Petrolink, Geo-Steering Solutions, Halliburton, and Geotech Logging Services are the major suppliers in the geosteering market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]