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North America $8.5 Billion Geosteering Technology Market to 2027 with Surge in Demand for Intensive R&D


Logging While Drilling (LWD) Segment to Dominate North America Geosteering Technology Market during 2019-2027
North America Geosteering Technology Market is expected to reach US$8,597.20 million by 2027 from US$4,988.03 million in 2019. The market is estimated to grow at a CAGR of 11.0% from 2020 to 2027.
The report provides trends prevailing in the North America geosteering technology market along with the drivers and restraints pertaining to the market growth. Rising demand for precise real-time information to achieve highest production and growing production of shale and resulting hike in horizontal and unconventional drilling are the major factor driving the growth of the North America geosteering technology market. However, high materials and manufacturing process cost hinder the growth of North America geosteering technology market. ....

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