What is Logging Tools Market?
Logging tools measures electrical, acoustic, radioactive, electromagnetic, and other properties of the rocks and their contained fluids. Different logging tools have different resolutions and detection depths. Also, different log data can be analyzed together, for instance high-resolution FMI imaging logs and other logs can be analyzed and compared with each other. Logging tools are used by various industries such as oil and gas, water, metal and mining industries.
The market study is being classified by Type (Resistivity logs, SP logs, Density logs, Acoustic logs, Gamma ray logs, Caliper logs and Others), by Application (Oil and Gas Industry, Water Industry and Metal and Mining Industry) and major geographies with country level break-up.
Halliburton (United States), Royal Dutch Shell (Netherlands), Schlumberger (United States), Baker Hughes (United States), Weatherford (United States), Hunting Energy Services (United States), GE Company (United States), Gowell International LLC (United States), TSL Technology Ltd. (United Kingdom), BÖHLER Edelstahl GmbH & Co KG (China) and ANTARES Datensysteme GmbH. (Germany) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Logging Tools market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Logging Tools market by Type, Application and Region.
On the basis of geography, the market of Logging Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising demand for real time logging
- Increasing exploration of shale gas exploration
- Technological advancements for in depth oil exploration
- Increasing demand of well logging tool as it is an integral part of drilling
- Increase in infrastructural spending
- Lack of skilled professionals
On July 2019, NOV has launched BlackBox Eclipse II memory-mode logging tool. This tool builds upon the quality and reliability of earlier BlackBox units while capturing multi-axis vibration, temperature, and rotation measurements with increased accuracy, higher resolution, and higher frequency continuous sampling.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organisations and Others
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