Geosteering Market Overview

The report is titled ‘Geosteering Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the geosteering market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The geosteering market is expected to grow at a significant rate in the near future.

The global geosteering market is growing with the CAGR of 8.5% in the forecast period of 2020 to 2028 and is expected to reach US$ 7.1 Bn by 2028

Geosteering Market Definition

Geosteering can be perceived as the science, or perhaps art, of keeping a near transverse burr hold or wellbore within a preconfigured and usually slim geological covering. Geosteering, most commonly stated as next-generation directional control, utilizes a composite of real-time electronic logs, analysed details of drilling clippings, and other particulars from several different tools to distinguish absolute insights on the rock layer that is being perforated.

There are numerous geosteering software and services available in the market that together with other equipment are employed to recoup the accurate information of the site being perforated. The equipment and tools comprises MWD tools, LWD tools, mud motors, RSS and other drive systems, and others.

Geosteering Market Dynamics

The rapidly growing world’s population is enormously elevating the demand for gas and oil all across the world, which is majorly expected to boost the growth of the global geosteering market in the years to come. As an instance, as per the Organization of the Petroleum Exporting Countries (OPEC), the world oil demand stood at 97.32 million barrels per day in the year 2017, however, the worldwide supply stood at 96.10 million barrels per day. Attributing to which, the global geosteering market is projected to witness huge demand in the forthcoming years.

In addition to that, the swift advances in the technology and enhanced attention on the production of natural gas are further estimated to elevate the demand for geosteering technology in the near future. Owing to which, the global geosteering market is estimated to witness massive breakthroughs over the forecast period.

Geosteering Market Segmentation

The geosteering market is segmented on the basis of component, tools, and region.

By Component

Software

Services

By Tools

LWD Tools & Technologies

Density Image (DI) Tools

Resistivity Image (RI) Tools

Directional deep Resistivity (DDR) Tools

MWD Tools

Rotary Steerable Systems (RSS)

Drive Systems

3D Seismic/Grid Model

Others (Mud Motors, etc.)

By Region

North America

Latin America

Europe

Africa

Middle East

Asia Pacific

Geosteering Market Key Players

The key participating players of the global geosteering market include Cougar Drilling Solutions, Emerson Paradigm Holding LLC, Schlumberger Limited, GeoSteering Technologies, Petrolink, Geo-Steering Solutions Inc., Halliburton, Exlog, Geotech Logging Services LLC, United Oil & Gas Consulting Ltd., HMG Software, Horizontal Solutions International, Maxwell Dynamics, Terracosm Software, LLC, LMKR, Rogii Inc., and Lloyd's Register Group Services Ltd., among others.

MMC Overview on Geosteering Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the geosteering market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Geosteering

Advantages of Geosteering

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Geosteering Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Geosteering Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Geosteering Market Snapshot

2.4.    Global Geosteering Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Geosteering Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Geosteering Assessment and Analysis

3.1.    Geosteering Impact Analysis 

3.2.    Actions to encourage use of Geosteering

3.3.    Geosteering Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Geosteering Market

4.1.    Impact Analysis of Covid-19 on the global Geosteering market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Volatility In Price 

4.5.    Effect On The Overall Trade 

4.6.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Geosteering Market, By Component

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Component

5.1.2.    BPS Analysis, By Component

5.2.    Market Revenue (US$Mn) and Forecast, By Component

5.2.1.    Software

5.2.2.    Services

5.3.    Global Geosteering Market Attractiveness Index, By Component

6.    Global Geosteering Market, By Tools

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Tools

6.1.2.    BPS Analysis, By Tools

6.2.    Market Revenue (US$Mn) and Forecast, By Tools

6.2.1.    LWD Tools & Technologies

6.2.1.1.    Density Image (DI) Tools

6.2.1.2.    Resistivity Image (RI) Tools

6.2.1.3.    Directional deep Resistivity (DDR) Tools

6.2.2.    MWD Tools

6.2.2.1.    Rotary Steerable Systems (RSS)

6.2.2.2.    Drive Systems

6.2.2.3.    3D Seismic/Grid Model

6.2.2.4.    Others (Mud Motors, etc.)

6.3.    Global Geosteering Market Attractiveness Index, By Tools

7.    Global Geosteering Market, By Region

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Region

7.1.2.    BPS Analysis, By Region

7.2.    Market Revenue (US$Mn) and Forecast, By Region

7.2.1.    North America

7.2.2.    Latin America

7.2.3.    Europe

7.2.4.    Asia Pacific

7.2.5.    Middle East 

7.2.6.    Africa

7.3.    Global Geosteering Market Attractiveness Index, By Region

8.    North America Geosteering Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market Revenue (US$Mn) and Forecast, By Country

8.2.1.    U.S. Geosteering Market

8.2.2.    Canada Geosteering Market

8.3.    North America Geosteering Market, By Component

8.3.1.    Software

8.3.2.    Services

8.4.    North America Geosteering Market, By Tools

8.4.1.    LWD Tools & Technologies

8.4.1.1.    Density Image (DI) Tools

8.4.1.2.    Resistivity Image (RI) Tools

8.4.1.3.    Directional deep Resistivity (DDR) Tools

8.4.2.    MWD Tools

8.4.2.1.    Rotary Steerable Systems (RSS)

8.4.2.2.    Drive Systems

8.4.2.3.    3D Seismic/Grid Model

8.4.2.4.    Others (Mud Motors, etc.)

8.5.    North America Geosteering Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Component

8.5.3.    By Tools

9.    Latin America Geosteering Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    Brazil Geosteering Market

9.2.2.    Mexico Geosteering Market

9.2.3.    Rest Of Latin America Geosteering Market

9.3.    Latin America Geosteering Market, By Component

9.3.1.    Software

9.3.2.    Services

9.4.    Latin America Geosteering Market, By Tools

9.4.1.    LWD Tools & Technologies

9.4.1.1.    Density Image (DI) Tools

9.4.1.2.    Resistivity Image (RI) Tools

9.4.1.3.    Directional deep Resistivity (DDR) Tools

9.4.2.    MWD Tools

9.4.2.1.    Rotary Steerable Systems (RSS)

9.4.2.2.    Drive Systems

9.4.2.3.    3D Seismic/Grid Model

9.4.2.4.    Others (Mud Motors, etc.)

9.5.    Latin America Geosteering Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Component

9.5.3.    By Tools

10.    Europe Geosteering Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    U.K. Geosteering Market

10.2.2.    Germany Geosteering Market

10.2.3.    Italy Geosteering Market

10.2.4.    France Geosteering Market

10.2.5.    Spain Geosteering Market

10.2.6.    Russia Geosteering Market

10.2.7.    Rest Of Europe Geosteering Market

10.3.    Europe Geosteering Market, By Component

10.3.1.    Software

10.3.2.    Services

10.4.    Europe Geosteering Market, By Tools

10.4.1.    LWD Tools & Technologies

10.4.1.1.    Density Image (DI) Tools

10.4.1.2.    Resistivity Image (RI) Tools

10.4.1.3.    Directional deep Resistivity (DDR) Tools

10.4.2.    MWD Tools

10.4.2.1.    Rotary Steerable Systems (RSS)

10.4.2.2.    Drive Systems

10.4.2.3.    3D Seismic/Grid Model

10.4.2.4.    Others (Mud Motors, etc.)

10.5.    Europe Geosteering Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Component

10.5.3.    By Tools

11.    Asia Pacific Geosteering Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    China Geosteering Market

11.2.2.    India Geosteering Market

11.2.3.    Japan Geosteering Market

11.2.4.    Australia and New Zealand Geosteering Market

11.2.5.    South Korea Geosteering Market

11.2.6.    Rest of Asia Pacific Geosteering Market

11.3.    Asia Pacific Geosteering Market, By Component

11.3.1.    Software

11.3.2.    Services

11.4.    Asia Pacific Geosteering Market, By Tools

11.4.1.    LWD Tools & Technologies

11.4.1.1.    Density Image (DI) Tools

11.4.1.2.    Resistivity Image (RI) Tools

11.4.1.3.    Directional deep Resistivity (DDR) Tools

11.4.2.    MWD Tools

11.4.2.1.    Rotary Steerable Systems (RSS)

11.4.2.2.    Drive Systems

11.4.2.3.    3D Seismic/Grid Model

11.4.2.4.    Others (Mud Motors, etc.)

11.5.    Asia Pacific Geosteering Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Component

11.5.3.    By Tools

12.    Middle East Geosteering Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    GCC Countries Geosteering Market

12.2.2.    Israel Geosteering Market

12.2.3.    Rest Of Middle East Geosteering Market

12.3.    Middle East Geosteering Market, By Component

12.3.1.    Software

12.3.2.    Services

12.4.    Middle East Geosteering Market, By Tools

12.4.1.    LWD Tools & Technologies

12.4.1.1.    Density Image (DI) Tools

12.4.1.2.    Resistivity Image (RI) Tools

12.4.1.3.    Directional deep Resistivity (DDR) Tools

12.4.2.    MWD Tools

12.4.2.1.    Rotary Steerable Systems (RSS)

12.4.2.2.    Drive Systems

12.4.2.3.    3D Seismic/Grid Model

12.4.2.4.    Others (Mud Motors, etc.)

12.5.    Middle East Geosteering Market Attractiveness Index

12.5.1.    By Country

12.5.2.    By Component

12.5.3.    By Tools

13.    Africa Geosteering Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    South Africa Countries Geosteering Market

13.2.2.    Egypt Geosteering Market

13.2.3.    North Africa Geosteering Market

13.2.4.    Rest of Africa Geosteering Market

13.3.    Africa Geosteering Market, By Component

13.3.1.    Software

13.3.2.    Services

13.4.    Africa Geosteering Market, By Tools

13.4.1.    LWD Tools & Technologies

13.4.1.1.    Density Image (DI) Tools

13.4.1.2.    Resistivity Image (RI) Tools

13.4.1.3.    Directional deep Resistivity (DDR) Tools

13.4.2.    MWD Tools

13.4.2.1.    Rotary Steerable Systems (RSS)

13.4.2.2.    Drive Systems

13.4.2.3.    3D Seismic/Grid Model

13.4.2.4.    Others (Mud Motors, etc.)

13.5.    Africa Geosteering Market Attractiveness Index

13.5.1.    By Country

13.5.2.    By Component

13.5.3.    By Tools

14.    Competitive Landscape

14.1.    Company Profiles

14.1.1.    Cougar Drilling Solutions

14.1.1.1.    Company Overview

14.1.1.2.    Financial Overview

14.1.1.3.    Key Developments

14.1.1.4.    Strategies

14.1.1.5.    Product Analysis

14.1.2.    Emerson Paradigm Holding LLC

14.1.3.    Schlumberger Limited

14.1.4.    GeoSteering Technologies

14.1.5.    Petrolink

14.1.6.    Geo-Steering Solutions Inc.

14.1.7.    Halliburton

14.1.8.    Exlog

14.1.9.    Geotech Logging Services LLC

14.1.10.    United Oil & Gas Consulting Ltd.

14.1.11.    HMG Software

14.1.12.    Horizontal Solutions International

14.1.13.    Maxwell Dynamics

14.1.14.    Terracosm Software, LLC

14.1.15.    LMKR

14.1.16.    Rogii Inc.

14.1.17.    Lloyd's Register Group Services Ltd.

15.    Acronyms