North America Geosteering Technology Market 2028 to register a CAGR of 11.0% With Major Players Include Cougar Drilling Solution Inc., Emerson Paradigm Holding LLC, Exlog, Geonaft, Geotech Logging Services LLC, Halliburton Energy Services, Inc., HMG Softw

The Business Market Insights provides you regional research analysis on “North America Geosteering Technology Market” and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America Geosteering Technology market during the forecast period, i.e., 2020–2028.

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Increase in initiatives for digitization of geosteering technology by market players is expected to upswing the North America geosteering technology market. The digitization of geosteering technology is one of the most promising opportunities in the hi-tech market in oil production. The age of simple vertical drilling is coming to an end in conventional fields, while the future belongs to technologies that help maintain efficiency. For example, ZYFRA invested US$ 9 million in September 2019 to acquire a controlling stake in Geosteering Technologies (GTI), one of the leading suppliers of "smart drilling" software.

North America Geosteering Technology Market - Company Profiles

• Cougar Drilling Solution Inc.
• Emerson Paradigm Holding LLC
• Exlog
• Geonaft
• Geotech Logging Services LLC
• Halliburton Energy Services, Inc.
• HMG Software LLC
• ROGII Inc.
• Schlumberger Limited
• Terracosm Software, LLC       

The company's core product is Geonaft, a modular software package designed to provide full engineering support for directional and horizontal drilling by optimally positioning the wellbore within the target horizon. Further, geosteering technology market players are also focusing on rig data automation through wellsite information transfer standard markup language (WITSML), which is a standard for transmitting technical data between petroleum industry organizations. Once data gets loaded, it is possible to transform the 2, 4, 8, or 16 tracks of azimuthal gamma to create an image of the wellbore. Thus, increase in initiatives for digitization of geosteering technology market players is one of the major factors anticipated to provide growth opportunities in the near future across North America which will drive the North America geosteering technology market.

North America Geosteering Technology Market - By Product

• Logging While Drilling (LWD)
• Measurement-While-Drilling (MWD)
• Rotary Steerable Systems (RSS)
• Drive Systems
• Others

North America Geosteering Technology Market - By Application

• Petroleum Development
• Natural Gas Transportation
• Others

North America Geosteering Technology Market - By Country

• US
• Canada
• Mexico

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key player in the North America Geosteering Technology market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Geosteering Technology market segments and regions.

Order a Copy of this North America Geosteering Technology market research report at – https://www.businessmarketinsights.com/buy/single/TIPRE00015438

The research on the North America Geosteering Technology market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Geosteering Technology market on the basis of end user, product type, application, and demography for the forecast period 2020–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Geosteering Technology market.

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