Measurement While Drilling (MWD) Market to Record CAGR of 8.07% Over 2025-2032; Growing Emphasis on Creating Unconventional Resources to Support Market Growth

The global Measurement While Drilling (MWD) market size was valued at USD 3.32 billion in 2024 and is predicted to reach USD 3.62 billion in 2025. The market is anticipated to touch USD 6.22 billion by 2032, recording a CAGR of 8.07% over 2025-2032.

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

Measurement While Drilling (MWD) refers to the integrated systems and tools employed for real-time collection, processing, and analysis of downhole data during the drilling process. These services offer detailed measurements of a range of drilling parameters, such as gamma ray, resistivity, porosity, and pressure. The global market is witnessing considerable expansion as a result of the rising need for improved drilling efficiency and precise well positioning in difficult geological formations.

The COVID-19 pandemic significantly affected the global Measurement While Drilling (MWD) market. It disrupted supply chains, delayed projects, and led to a decrease in product demand. However, the market is expected to recover due to rising energy demand driven by advancements in technology, increased production of shale gas, and the growing use of drilling optimization solutions.

Halliburton Secured Three-Year Drilling Contract with Petrobras for Offshore Brazilian Fields

In January 2025, Halliburton obtained a three-year drilling agreement with Petrobras for offshore operations in Brazil. This agreement emphasizes the exploration and development of wells, employing advanced technologies such as the iCruise intelligent Rotary Steerable System (RSS) to enhance drilling precision and effectiveness.

Growing Emphasis on Creating Unconventional Resources to Support Market Growth

The growing emphasis on developing unconventional resources, such as shale gas and tight oil, highlights the need for high accuracy and effective data collection during the drilling process. Horizontal drilling is a key method used for extracting these unconventional resources, requiring precise directional control and real-time monitoring of the borehole trajectory. Measurement While Drilling (MWD) tools offer real-time data to guide the drill string through narrow sections of the reservoir, optimizing resource recovery. This demand is expected to drive the global Measurement While Drilling (MWD) market growth.

However, the need for significant initial capital investment is a major challenge limiting the adoption of the measurement while drilling.

Players Prioritize Innovation, Partnerships, and Sustainable Practices to Remain Competitive

The global market is extremely competitive, consisting of both established companies and innovative new entrants. As technological progress transforms the global industry, companies are intensifying their initiatives to fulfill market needs. By focusing on innovation, teamwork, and sustainable practices, stakeholders in the MWD market are tackling new challenges and seizing growth opportunities in this crucial segment of the oil and gas industry.

Notable Industry Development

• January 2024- SLB and Nabors Industries teamed up to enhance the implementation of automated drilling technologies for oil and gas operators and drilling contractors. This collaboration enables clients to merge the drilling automation software and rig operating systems from both firms, resulting in improved well construction and better operational performance.

List of the Companies Profiled in the Report

• Schlumberger (U.S.)
• Halliburton (U.S.)
• Baker Hughes (U.S.)
• Weatherford (Switzerland)
• Nabors Industries (Bermuda)
• National Oilwell Varco (U.S.)
• Jindal Drilling & Industries Ltd (India)
• Cathedral Energy Services (Canada)
• Cougar Drilling Solutions (Canada)
• Sawafi (Saudi Arabia)
• Calmena Energy Services
• Leam Drilling Systems LLC (U.S.)
• COSL - China Oilfield Services Limited (China)

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

https://www.fortunebusinessinsights.com/measurement-while-drilling-market-102804

Further Report Findings

• North America is the leading region with a significant Measurement While Drilling (MWD) market share. This growth can be attributed to enhancements in MWD technologies, particularly in rotary steerable systems. The U.S. is the market leader in North America, benefiting from an increase in drilling activities, especially in shale plays such as the Permian Basin, Eagle Ford, and Bakken regions.
• In the Asia Pacific region, growth is fueled by increasing energy demand in developing countries such as India and Indonesia.
• In terms of application, the onshore segment occupies the top position in the global market. This growth is largely driven by its advantages, including ease of use, cost-effectiveness, and the availability of resources.

Table of Segmentation