The Business Market Insights provides you regional research analysis on “North America Geosteering Technology Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America Geosteering Technology Market during the forecast period, i.e., 2020–2027.
North America is expected to grow from US$ 4,988.03 million in 2019 to US$ 8,597.20 million by 2027; it is estimated to grow at a CAGR of 11.0 % from 2020 to 2027.
Geosteering technology helps in adjusting well placement while drilling to enhance the well’s overall performance. Geosteering technology uses the analysis of drilling cuttings data, the combination of real-time electronic logs, and other details from various tools to gain insights into the drilled rock layer. The growing population is driving the demand for oil and gas across North America, leading to an increased usage of geosteering technology driving North America geosteering technology market. The increasing oil well drilling activities at the North America level is also driving the growth of the North America geosteering technology market. Furthermore, increasing investments in offshore projects will drive the North America geosteering technology market growth in the forthcoming years. Moreover, increasing demand for Rotary Steerable Systems (RSS) by oil & gas companies in the North America is also anticipated to propel the geosteering technology market growth. The geosteering technology market growth is majorly driven by the growing petroleum sector in the US and Canada. Factors such as rising demand for precise real-time information to achieve highest production and growing production of shale and resulting hike in horizontal and unconventional drilling are expected to create significant demand of geosteering technology, which will drive the North America geosteering technology market.
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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Geosteering Technology Market. The researcher provides an extensive analysis of the North America Geosteering Technology Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
Major Key players covered in this report:
- Cougar Drilling Solution Inc.
- Emerson Paradigm Holding LLC
- Geotech Logging Services LLC
- Halliburton Energy Services, Inc.
- HMG Software LLC
- ROGII Inc.
- Schlumberger Limited
- Terracosm Software, LLC
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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Geosteering Technology Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Geosteering Technology Market segments and regions.
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The research on the North America Geosteering Technology Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Geosteering Technology Market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Geosteering Technology Market.
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