The Well Logging Equipment Market size was valued at USD 8.91 Billion in 2023 and the total Well Logging Equipment revenue is expected to grow at a CAGR of 4.1% from 2024 to 2030, reaching nearly USD 11.81 Billion.Well Logging Equipment Market Introduction
Well Logging Equipment’s are the devices or equipment that are used in the preparation of production logs. These tools help to analyze the dynamic well performance and also determine the contribution of each zone in the total production process.To know about the Research Methodology :- Request Free Sample Report These tools also help in allocating the production of hydrocarbons on a zone-to-zone basis. Well logging equipment is used to collect, observe, analyze, and record wellbore returns such as liquids, gases, and solids during drilling, by ore and rock analysis, geochemistry, geophysics, and other methods. Apart from this, well logging equipment is also being used to trace the data from down whole sensor tools plotted in the depth of a well. Well logging equipment is used for measuring the properties of geologic strata through which a well is being drilled.
Well Logging Equipment Market Dynamics
Increasing demand for real-time logging and new technologies in shale gas exploration are some of the major factors driving the well logging tools. Especially, since the oil & gas industry’s all-time low in 2017, field services activities have rebounded and are expected to grow at an average rate of 4%. Moreover, the exploitation of shale resources in the US has risen the demand for high specification rigs in order to enable drilling of long horizontal wells using the Well Logging Equipment. The growing demand for well logging equipment due to machine upgrade, apart from the shifting focus of mining corporations toward attaining maximum productivity is estimated to provide an increasing source of growth and offer profitable business opportunities to the well logging equipment market in the forecast period. Rise in infrastructure spending due to positive economic growth is expected to drive overall well logging equipment market growth. Increasing demand for the use of well logging equipment in various applications such as production wells, water injection wells, and observation wells are expected to boost the demand for well logging equipment across the globe.Well Logging Equipment Market Segment Analysis
Geologic logging involves keeping detailed records during the drilling of boreholes, the installation of monitoring wells, and the excavation of test pits, and entering the geologic descriptions of the soil and rock samples recovered on a standardized form. In recent years ML has been recognized as a very powerful tool for dealing with high-dimensional geological data. Technical advancements of tools for geoscientific data collection and machine learning techniques are becoming increasingly popular in applications for exploration geology. A Swedish company called Minalyze developed an X-ray fluorescence (XRF) scanner that is able to detect the multi-elemental composition of the rock for the full length of the core. This machine was implemented into the mining workflow by Glencore plc at the George Fisher mine in Mount Isa, Australia. The penetration of machine learning algorithms in geological logging has expanded the segment growth.Well Logging Equipment Market Regional Insights
North America held a leading share of xx% in the global well logging equipment market in terms of volume and revenue in 2023 and is projected to continue its dominance through the forecast period. The U.S. is a key market for well logging equipment in North America due to large-scale mining projects coupled with the increase in construction of high-rise buildings in the country that is expected to influence the well the logging equipment market in North America. The Asia Pacific is predicted to be the fastest-growing market over the forecast period as compared to other regions due to large scale infrastructure investment projects which are anticipated to accelerate the well logging equipment market in the region.Well Logging Equipment Market Report Scope: Inquire before buying
Global Well Logging Equipment Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 8.91 Bn. Forecast Period 2024 to 2030 CAGR: 4.1% Market Size in 2030: USD 11.81 Bn. Segments Covered: by Type Geological Logging Machine Comprehensive Logging Machine by Well Type Vertical Horizontal by Application Production Wells Water Injection Wells Observation Wells Other Well Logging Equipment Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Well Logging Equipment Market, Key Players are:
1. Century Geophysical, L.L.C. 2. CNPC (China National Petroleum Corporation) 3. GE Oil & Gas 4. Horizon Well Logging 5. Hotwell 6. Keller America, Inc. 7. Mount Sopris Instruments 8. MXROS 9. Robertson Geologging LTD 10. Schlumberger Limited. 11. Felix Technology Inc. 12. DGRT Pty Ltd. 13. ANTARES Datensysteme GmbH 14. Halliburton 15. Baker Hughes Frequently Asked Questions: 1. Which region has the largest share in Global Well Logging Equipment Market ? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Well Logging Equipment Market ? Ans: The Global Well Logging Equipment Market is growing at a CAGR of 4.1% during forecasting period 2024-2030. 3. What is scope of the Global Well Logging Equipment Market report? Ans: Global Well Logging Equipment Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Well Logging Equipment Market ? Ans: The important key players in the Global Well Logging Equipment Market are – Century Geophysical, L.L.C., CNPC (China National Petroleum Corporation), GE Oil & Gas, Horizon Well Logging, Hotwell, Keller America, Inc., Mount Sopris Instruments, MXROS, Robertson Geologging LTD, Schlumberger Limited., Felix Technology Inc., DGRT Pty Ltd., ANTARES Datensysteme GmbH, Halliburton, Baker Hughes 5. What was the Global Well Logging Equipment Market size in 2023? Ans: The Global Well Logging Equipment Market size was USD 8.91 Billion in 2023.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Well Logging Equipment Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Well Logging Equipment Market 3.4. Geographical Snapshot of the Well Logging Equipment Market, By Manufacturer share 4. Global Well Logging Equipment Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Well Logging Equipment Market 5. Supply Side and Demand Side Indicators 6. Global Well Logging Equipment Market Analysis and Forecast, 2023-2030 6.1. Global Well Logging Equipment Market Size & Y-o-Y Growth Analysis. 7. Global Well Logging Equipment Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. Geological Logging Machine 7.1.2. Comprehensive Logging Machine 7.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 7.2.1. Vertical 7.2.2. Horizontal 7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.3.1. Production Wells 7.3.2. Water Injection Wells 7.3.3. Observation Wells 7.3.4. Other 8. Global Well Logging Equipment Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Well Logging Equipment Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. Geological Logging Machine 9.1.2. Comprehensive Logging Machine 9.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 9.2.1. Vertical 9.2.2. Horizontal 9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.3.1. Production Wells 9.3.2. Water Injection Wells 9.3.3. Observation Wells 9.3.4. Other 10. North America Well Logging Equipment Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Well Logging Equipment Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Well Logging Equipment Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Well Logging Equipment Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Well Logging Equipment Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Well Logging Equipment Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Well Logging Equipment Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Well Logging Equipment Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Well Logging Equipment Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Well Logging Equipment Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Well Logging Equipment Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Well Logging Equipment Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Well Logging Equipment Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Well Logging Equipment Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Well Logging Equipment Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Well Logging Equipment Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Well Logging Equipment Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Well Logging Equipment Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Well Logging Equipment Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Well Logging Equipment Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Well Logging Equipment Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Well Logging Equipment Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Well Logging Equipment Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Well Logging Equipment Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Well Logging Equipment Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Well Logging Equipment Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Well Logging Equipment Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Well Logging Equipment Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Well Logging Equipment Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Well Logging Equipment Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Well Logging Equipment Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Well Logging Equipment Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Well Logging Equipment Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Well Logging Equipment Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Well Logging Equipment Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Well Type, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Well Logging Equipment Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Century Geophysical, L.L.C. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. CNPC (China National Petroleum Corporation) 45.3.3. GE Oil & Gas 45.3.4. Horizon Well Logging 45.3.5. Hotwell 45.3.6. Keller America, Inc. 45.3.7. Mount Sopris Instruments 45.3.8. MXROS 45.3.9. Robertson Geologging LTD 45.3.10. Schlumberger Limited. 45.3.11. Felix Technology Inc. 45.3.12. DGRT Pty Ltd. 45.3.13. ANTARES Datensysteme GmbH 45.3.14. Halliburton 45.3.15. Baker Hughes 45.3.16. Other Key Players 46. Primary Key Insights
