The global geosteering market size was valued at USD 8,267.4 million in 2021 and is poised to grow at a significant CAGR of 9.5% during the forecast period 2023-29. The primary factors that drive the geosteering market growth are increasing shale production, subsequent hikes in horizontal and unconventional drilling, and increasing demand for accurate real-time information in order to get the highest production.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/geosteering-market/

The global geosteering market segmentation: 

• By Product Type: Logging While Drilling, Measurement-While-Drilling, Rotary Steerable Systems, Drive Systems, and Others
• By Application: Petroleum Development, Natural Gas Transportation, and Others
• By End Users: Oil and Gas Companies, Energy Service Providers, and Others

Rotary Steerable System to Dominate the Geosteering Market:
Based on product type, the rotary steerable system holds the highest market share. The major factor for the rise of this segment is that it provides good surface control which may permit maneuverability to geosteer vis complicated geology, minimize seismic ambiguity, and make important decisions related to geosteering to locate the well in specific positions. This helps in predicting real-time control and perception in order to increase zonal understandings and get the most of the well at minimum cost. These properties can drive the growth of the global geosteering market growth. Apart from this, increasing demand for oil and gas production can also drive the growth of the market as it relies on the geosteering technology market.

North America Geosteering Market:
North America leads the global geosteering market due to the presence of major oil and gas basins in these regions which provides fertile ground for the expansion of the industry. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of geosteering in this region. Apart from this, the major factor that drives the market in this region is the increase in shale gas and oil production in various onshore basins such as the Permian in the United States which majorly relies on geosteering services.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=59222  

Key players’ profiles in the geosteering market report are Cougar Drilling Solution Inc., Exlog, Emerson Paradigm Holding LLC, Halliburton Energy Services, Inc., Geonaft, Geotech Logging Services LLC, ROGII Inc., HMG Software LLC, Schlumberger Limited, and Terracosm Software LLC.

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and produce high-quality research reports. We have over five hundred clients with a good business partnership the capacity to provide in-depth research analysis for more than thirty countries. In addition to delivering more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and our services.

Contact:

Mr. Satya

Precision Business Insights | Toll Free: +1 866 598 1553

Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747