The Measurement While Drilling Market will register a CAGR of more than 7% by 2022

Technavio's analysts have predicted that the measurement while drilling market will register a CAGR of more than 7% by 2022.
As the oil prices gradually recovered, the rig counts increased owing to the surge in onshore and offshore drilling projects.
Thus, the rising number of rigs will positively impact the growth of the measurement while drilling market.
For the detailed list of factors that will drive and challenge the growth of the measurement while drilling market during the 2018-2022, view our report.

NEW YORK, Dec. 20, 2018 /PRNewswire/ -- About this market

Increasing application of IoT in O&G to drive growth in the market. The IoT is widely being adopted for various industrial operations for processing and automation as it provides a more calculated and effective solution in oil and gas production. Thus, this adoption of technology is expected to boost the market growth. Technavio's analysts have predicted that the measurement while drilling market will register a CAGR of more than 7% by 2022.

Read the full report: https://www.reportlinker.com/p05658093

Market Overview
Increasing operating rig
As the oil prices gradually recovered, the rig counts increased owing to the surge in onshore and offshore drilling projects. Thus, the rising number of rigs will positively impact the growth of the measurement while drilling market.
Fluctuations in crude oil prices
Crude oil prices have witnessed huge variations over the years. Prices of commercial products are dependent on the oil and gas industry, and this fluctuation in the crude oil prices have an immediate impact on the performance of developing and developed upstream players.
For the detailed list of factors that will drive and challenge the growth of the measurement while drilling market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Baker Hughes and Halliburton the competitive environment is quite intense. Factors such as the increasing application of IoT in O&G and the increasing operating rig, will provide considerable growth opportunities to measurement while drilling manufactures. Baker Hughes, Halliburton, Nabors Industries, National Oilwell Varco, Schlumberger, and Weatherford are some of the major companies covered in this report.

Read the full report: https://www.reportlinker.com/p05658093

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