Europe Measurement While Drilling Market Size & Outlook

The measurement while drilling market in Europe is expected to reach a projected revenue of US$ 5,606.4 million by 2027. A compound annual growth rate of 7.5% is expected of Europe measurement while drilling market from 2019 to 2027.
Revenue, 2018 (US$M)
$2,922.3
Forecast, 2027 (US$M)
$5,606.4
CAGR, 2019 - 2027
7.5%
Report Coverage
Europe

Europe measurement while drilling market, 2016-2027 (US$M)

Europe

Europe measurement while drilling market highlights

  • The Europe measurement while drilling market generated a revenue of USD 2,922.3 million in 2018.
  • The market is expected to grow at a CAGR of 7.5% from 2019 to 2027.
  • In terms of segment, onshore was the largest revenue generating location in 2018.
  • Offshore is the most lucrative location segment registering the fastest growth during the forecast period.
  • Country-wise, Russia is expected to register the highest CAGR from 2019 to 2027.

Europe data book summary

Market revenue in 2018USD 2,922.3 million
Market revenue in 2027USD 5,606.4 million
Growth rate7.5% (CAGR from 2018 to 2027)
Largest segmentOnshore
Fastest growing segmentOffshore
Historical data covered2016 - 2017
Base year for estimation2018
Forecast period covered2019 - 2027
Quantitative unitsRevenue in USD million
Market segmentationOnshore, Offshore
Key market players worldwideSchlumberger Ltd, Halliburton Co, Weatherford International PLC Ordinary Shares - New, Lear Corp, Nabors Industries Ltd, NOV Inc, Scientific Drilling International, Jindal Drilling & Industries, CATENA Energy

Other key industry trends

  • In terms of revenue, Europe region accounted for 26.4% of the global measurement while drilling market in 2018.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • MEA is the fastest growing regional market and is projected to reach USD 2,723.6 million by 2027.

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Measurement While Drilling Market Companies

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Europe measurement while drilling market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to measurement while drilling market will help companies and investors design strategic landscapes.


Onshore was the largest segment with a revenue share of 57.36% in 2018. Horizon Databook has segmented the Europe measurement while drilling market based on onshore, offshore covering the revenue growth of each sub-segment from 2016 to 2027.


  • Europe Measurement While Drilling Location Outlook (Revenue, USD Million, 2016-2027)
    • Onshore
    • Offshore
  • Europe Measurement While Drilling Well Type Outlook (Revenue, USD Million, 2016-2027)
    • Horizontal
    • Directional
    • Vertical

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe measurement while drilling market , including forecasts for subscribers. This continent databook contains high-level insights into Europe measurement while drilling market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Europe measurement while drilling market size, by country, 2016-2027 (US$M)

Europe Measurement While Drilling Market Outlook Share, 2018 & 2027 (US$M)

Europe measurement while drilling market size, by country, 2016-2027 (US$M)

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