According to a recent survey published by FMI, the global Mud Logging Unit market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Mud Logging Unit over the coming decade.
The Introduction of Industry 4.0 Technology Will Open Up New Growth Opportunities for the Mud Logging Unit Market
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to open up attractive potential for growth in the Mud Logging Unit market.
Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Mud Logging Unit Market Takeaways and Projections
· The U.S. is estimated dominate the Mud Logging Unit market in North America, accounting for the largest share in the region through 2022.
· Germany is projected to account for a significant share in the Europe market over the assessment period.
· China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
· India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
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Report Benefits & Key Questions Answered
· Mud Logging Unit Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
· Mud Logging Unit Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Mud Logging Unit market. As per the survey, Mud Logging Unit sales will project steady growth over the forecast period.
· Mud Logging Unit Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Mud Logging Unit.
· Mud Logging Unit Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
The key players ruling the global Mud Logging Unit market are
- Jindal Drilling & Industries Limited
- Excellence Logging
- Oil Field Instrumentation Ltd.
- Schlumberger Limited
- SDP Services Ltd.
- DHI Services, Inc.
- Specialist Services Group
- ATCO Group
- Weatherford International
- Naftagas Offline Services
- Geolog
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Product Definition and Segmentation
Mud Logging Units are designed to provide a continuous reading of the total hydrocarbons in a gas stream and also determine the composition of the sample gas stream. Additionally, mud logging units also record and monitor drilling parameters, flow levels and mud volumes. The Mud Logging Unit market can be segmented on the basis of the following criteria:
By the type of the standard equipment-
- Gas Excavator
- Vacuum System
- Total Gas detector
- Gas Calibration
- Optical Instrument
By Service-
- Pressure Detection
- Geochemical Analysis
- Petro Physical Analysis
- Measurement While Drilling (MWD)
- Communication
By Application-
- Offshore
- Onshore
Region
· North America
· Europe
· East Asia
· South Asia
· Oceania
· Middle East and Africa
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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