About Logging Tools
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Logging Tools market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kibana (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Logging Tools market by Type (Resistivity logs, SP logs, Density logs, Acoustic logs, Gamma ray logs, Caliper logs and Others), Application (Oil and Gas Industry, Water Industry and Metal and Mining Industry) 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). If we see Market by Well Type, the sub-segment i.e. Land will boost the Logging Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Sickline will boost the Logging Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancements for in depth oil exploration
Market Growth Drivers:
Rising demand for real time logging and Increasing exploration of shale gas exploration
Challenges:
Lack of skilled professionals
Restraints:
Presence of open source log management tools.
Opportunities:
Increasing demand of well logging tool as it is an integral part of drilling and Increase in infrastructural spending
Market Leaders and their expansionary development strategies
In June 2021, Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of Kinetic Logging Services Pty Ltd, an Australian company that provides mining companies with geophysical logging services.
In 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 Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.