Logging While Drilling (LWD) Market to Record CAGR of 8.31% Over 2025-2032; Transition to Deepwater and Unconventional Exploration Drives Demand for Advanced LWD Technologies

The global Logging While Drilling (LWD) market size was valued at USD 2.27 billion in 2024 and is predicted to reach USD 2.47 billion in 2025. The market is anticipated to touch USD 4.33 billion by 2032, recording a CAGR of 8.31% over 2025-2032.

Fortune Business Insights™ presents this information in its latest report titled “Logging While Drilling (LWD) Market Size, Share & Industry Analysis, By Application (Onshore and Offshore {Shallow Water, Deepwater, and Ultra-Deepwater}), and Regional Forecast, 2025-2032”.

The Logging While Drilling (LWD) sector is an essential part of the oil and gas industry, offering real-time data collection during drilling operations. This technology improves the efficiency of drilling, promotes safety, and supports decision-making processes. The LWD sector is set for substantial growth, fueled by technological innovations, a rise in drilling activities, and the demand for real-time data collection. Additionally, strategic moves by major companies and favorable developments in various regions are anticipated to boost the market growth further.

The COVID-19 pandemic had a considerable impact on the LWD market by interrupting global supply chains, resulting in delays in equipment delivery and maintenance. Lockdowns hindered the movement of technical staff, which slowed down exploration and production efforts. Furthermore, the decline in oil prices prompted numerous companies to reduce capital expenditures and delay drilling projects, leading to a decrease in demand for LWD services and obstructing market growth.

SLB Launched Stream to Improve Drilling Confidence and Efficiency in Complex Wells

In November 2024, SLB revealed the launch of Stream, a rapid intelligent telemetry system designed to improve drilling confidence and efficiency in intricate wells. Stream tackles the shortcomings of conventional mud pulse telemetry by using proprietary AI algorithms alongside SLB’s TruLink survey-while-drilling service. This combination provides continuous, high-quality, real-time subsurface data without limitations, regardless of depth or difficult conditions.

Transition to Deepwater and Unconventional Exploration Drives Demand for Advanced LWD Technologies

Exploration and production firms are focusing on transitioning to challenging environments such as deepwater and unconventional formations to meet the rising energy demand. These settings demand advanced monitoring and data acquisition methods. Drilling in deepwater necessitates precise well positioning and ongoing observation of formation characteristics to reduce risks such as wellbore instability, fluid invasion, and complicated geological structures. Unconventional resources, including shale gas and tight oil, depend on accurate hydraulic fracturing operations that are informed by comprehensive geological and petrophysical data gathered from LWD tools. This factor is likely to contribute to the Logging While Drilling (LWD) market growth.

However, the significant initial expenses and daily rental fees for Logging While Drilling (LWD) tools can make it economically impractical for smaller operators and certain drilling projects.

Schlumberger, Baker Hughes, and Halliburton Lead Market Owing to Their Extensive International Reach and Varied Service Portfolios

The global Logging While Drilling (LWD) market is characterized by the presence of both well-established companies and smaller, specialized players. Key players such as Schlumberger, Baker Hughes, and Halliburton possess a substantial share of the market owing to their extensive international reach and varied service portfolios. Schlumberger provides a wide range of logging-while-drilling (LWD) services and technologies. In contrast, Halliburton is recognized for its cutting-edge drilling solutions, including the recent launch of 3D reservoir mapping services.

Notable Industry Development

• October 2022- Weatherford International plc obtained a contract with Saudi Aramco to offer drilling and intervention services for three years. The Integrated Services and Projects team at Weatherford will manage all operational components and employ its products and services to complete 45 wells each year.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/logging-while-drilling-lwd-market-101919

List of the Companies Profiled in the Report:

• Schlumberger (U.S.)


• Halliburton (U.S.)


• Baker Hughes (U.S.)


• Weatherford (Switzerland)


• Scientific Drilling (U.S.)


• Nabors Industries (Bermuda)


• National Oilwell Varco (U.S.)


• Kambi Enterprises Inc. (Canada)


• National Energy Services Reunited Corp.(NESR) (U.S.)


• COSL - China Oilfield Services Limited (China)


• APS Technology Inc. (U.S.)


• Jindal Drilling & Industries Ltd (India)


• Cougar Drilling Solutions (Canada)

Further Report Findings

• North America is at the forefront of the Logging While Drilling (LWD) market. This expansion is fueled by the rising need to improve output from established shale formations and deepwater resources. The U.S. serves as the main market in North America, primarily because of ongoing operations in the Permian and Eagle Ford shale basins.


• The Asia Pacific region is witnessing substantial growth in the LWD market, fueled by expanding exploration and production activities in offshore areas such as Indonesia, Malaysia, and Australia.


• In terms of application, the onshore segment holds the dominating Logging While Drilling (LWD) market share. This is attributed to reduced operational costs, simpler logistics, quicker deployment times, and a significant quantity of wells being drilled onshore, especially horizontal wells in unconventional shale formations.

Table of Segmentation: