Posted 3/4/2024, 10:00:00 AM
Wireline Logging Services Market to Reach $26B by 2036 on Oil Production Growth and Technology Advances
- Global wireline logging services market projected to reach $26 billion by 2036 with 7% CAGR between 2024-2036, from $6 billion in 2023
- Increasing oil and gas field production expected to drive market growth, with oil production up 5% in 2022
- Technological advancements in well-logging sector strengthening growth, with new tools for formation evaluation
- North America to dominate with 46% market share from industrialization, urbanization and oil/gas exploration revenue
- E-line segment to register 57% market share from use discovering new oil/gas reservoirs to boost productivity