Increasing Drilling Activities to Boost Global Oil Well Logging Market

San Francisco, California, Sept 04, 2017: The global oil well logging market is expected to expand at a considerable momentum due to the rising number of drilling activities and the development of the oil and gas industry all over the world. A new report by TMR Research, titled “Oil Well Logging Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” gives a 360 degree assessment of the various factors influencing the market’s trajectory. This report provides estimated market values for the global market over the forecast period. Furthermore, various segments are included, for which projected market shares are evaluated to provide an in-depth summary of the market.

Oil well logging is a procedure that helps the gas and oil companies to analyze data regarding drilling and avoids maintenance failures. The geological formations observed during the drilling processes are logged with the help of this process. These advantages make oil well logging a prominent procedure for the companies. Furthermore, rules regarding maintenance of well logging and strict government regulations are offering players operating in this market with more growth opportunities. The stabilizing oil extraction industry is expected to derive more demand for oil well logging solutions. Moreover, the recent advances in computer and electronics have helped to facilitate the technological aspects to reduce the cost of various procedures involved in logging. The report by TMR research covers various such trends that are positively affecting the market growth. In addition, factors that could acts as restraints for the expansion of this market are evaluated to allow readers explore hidden pitfalls in this market.

The global market for oil well logging can be segmented on the basis of the types of log techniques into lithology logs, porosity logs, and electrical logs. The electrical logs segment can be further fragmented into image and resistivity logs. Furthermore, based on resistivity logs, the market can be divided into induction logs and latero logs. These segments have been comprehensively evaluated to brief investors about various attributes of this market. The report also presents insights into growth trajectory that these segments are likely to exhibit over the forecast period.

Based on geography, the global oil well logging market can be segmented into Asia Pacific, Europe, North America, and the Rest of the World. Among these, North America is most likely to contain fruitful opportunities owing to the contribution of Canada and the U.S. The market in this region is quickly adopting the technological advancements, which has madea this region more an attractive market for oil well logging. However, the rapid expansion of the market in countries such as Malaysia, India, Indonesia, and China, is attracting numerous investors towards the Asia Pacific market. This report covers various growth aspects of these regions, helping players to make better decisions while considering any region for expansion or resource investment.

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