Report Code: A10749 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Well Logging Tools Market
Request Now ! Well logging or borehole logging is a process of making a brief record and analyzing the dynamics of the geological formation. Well logging tools are devices that are used in the production of logs, which are brought on the surface and analyzed. The tools also help in their location of production of hydrocarbons on different zones and any faults or leakages or cross flows can be detected by observing the logs. Some of the primary well logging tools are full bore flow meters, basket flow meters, continuous flow meters, and others. These tools can also be combined with different sensors to provide real time data and produce logs at a continuous interval.
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the well logging tools market.
The rapid technological advancements and innovations across the globe in exploration for crude oil and other natural gases has played a major role in the growing popularity of well logging tools in the market. These tools are used for various applications such as wells monitoring and also for water injection in the wells. The demand for well logging tools in the oil & gas industry is growing into rapid pace as major players are keen to obtain the geological information about the hydrocarbon zones. Moreover, the surge in popularity in exploration for shale gas and other unconventional gases also add to the growth of the well logging tools market. However, the fluctuating prices of crude oil limit the market growth.
In terms of market share, North America region holds the major share of the global well logging tools market. The Asia Pacific region is also predicted to witness a lucrative growth due to the rapid infrastructural developments in the emerging economies of the region.
Key benefits of the report:
Well Logging Tools Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Well Type |
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By Technology |
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By Application |
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By Region |
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Key Market Players | General Electric, Hotwell, Schlumberger Limited., GE Oil and Gas, Keller America Inc., DGRT Pty Ltd., Horizon Well Logging, Mount Sopris Instruments, MXROS, Felix Technology Inc. |
Robertson Geologging LTD, Gowell International LLC, TSL Technology Ltd., ANTARES Datensysteme GmbH, Others |
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