Wireline Services Market 2020 Global Industry Forecast To 2023 Research Report is latest Global Wireline Services Industry Report published by Market Research Future. According to study Market for Wireline Services Market is projected to acquire a substantial revenue generation at a moderate 2.5% CAGR over the review period.
Global Wireline Services Market Research Report by Application (completion, intervention and logging), by Type (electric lines, slicklines), by Well Type (cased wells and open wells), by Location (onshore and offshore) and by Region – Forecast till 2023.
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The global wireline services market is witnessing substantial growth owing to the growing demand for energy across the world, driven by the rapid global industrialization and population growth. The development of offshore oil platforms, the need for efficient integrated wireline logging services, and the development of shale oil reserves in emerging economies are also significant factors contributing towards the growth of the market over the review period. Technological advancements, such as the advancement of fiber optic sensing technology, acoustic, nuclear, and correlation measurement technologies, coupled with the development of advanced analytics, are fueling the market growth.
On the other hand, the downswing in the oil and gas industry due to the seismic oil price deterioration coupled with the geopolitical uncertainty is projected to impede the market growth over the assessment period. Although, the slack period of the market is expected to improve due to the gradual stabilization in prices driven by the supply-demand balance and other influential macro-economic dynamics.
The global wireline services market is segmented based on application, type, well type, location, and region.
Based on the application, the wireline services market is segmented into completion, intervention, and logging. Amongst these segments, the completion segment holds the largest share due to improved efficiency of wireline services over conventional well completion tools.
On the basis of type, the market is classified as electric lines and slick lines. E-lines or electrical lines segment has a significant market share in the wireline system market due to the distinction in the application in well logging purposes as they are regarded as suitable for reservoir understanding and field expansion activity.
Based on the well type, the market is bifurcated into open-hole wells and cased wells. The cased well type segment holds a significant share of the wireline service market owing to a higher number of mature wells, where wireline services are implemented.
On the basis of location, the market is segmented as onshore and offshore. The offshore segment is anticipated to grow at a higher rate due to increasing exploration and drilling activities in offshore locations coupled with exploration in harsher geographies in an overseas place. For instance, there are growing activities in ultra-Deepwater in the North Sea and the Gulf of Mexico.
The geographical analysis of the global wireline logging services market has been conducted in major regions, namely the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa).
North America holds the largest market share and is expected to witness substantial growth over the review period. North America is followed by the Asia Pacific, Middle East, and Latin American regions. The Middle East and the Asia Pacific regions are witnessing seamless growth in this market owing to the growing economic dynamics, established oil and gas industry, and rapid industrialization. The Asia Pacific region is estimated to observe foreign investment in the review period, owing to the discoveries of oil in the South China Se. Latin America is also a lucrative region for the wireline services market due to the discovery and development of steady onshore and offshore activities.
The top market players identified by MRFR in the global market are Weatherford International (U.S.), GE Oil and Gas (U.S.), Schlumberger (U.S.), Pioneer Energy Services Corp. (U.S.), Superior Energy Services (U.S.), C&J Energy Services Ltd. (U.S.), National Oilwell Varco, Inc. (U.S.), Halliburton (U.S.), Expro International Group Holding Ltd. (UK), Oilserv (UAE), Basic Energy Services, Inc. (U.S.), Wireline Engineering Ltd. (UK), and SGS (Switzerland) are among others.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global WIRELINE SERVICES, By Application
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
5.4.1 Market Estimates & Forecast, 2018-2023
5.4.2 Market Estimates & Forecast By Region, 2018-2023
6 Global WIRELINE SERVICES, By Type
6.2 Electric Lines
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
7 Global WIRELINE SERVICES, By Well Type
7.2 Cased Well
7.2.1 Market Estimates & Forecast, 2018-2023
7.2.2 Market Estimates & Forecast By Region, 2018-2023
7.3 Open Well
7.3.1 Market Estimates & Forecast, 2018-2023
7.3.2 Market Estimates & Forecast By Region, 2018-2023
8 Global WIRELINE SERVICES, By Location
8.2.1 Market Estimates & Forecast, 2018-2023
8.2.2 Market Estimates & Forecast By Region, 2018-2023
8.3.1 Market Estimates & Forecast, 2018-2023
8.3.2 Market Estimates & Forecast By Region, 2018-2023
9 Global WIRELINE SERVICES, By Region
9.2 North America
9.2.1 Market Estimates & Forecast, 2018-2023
9.2.2 Market Estimates & Forecast By Application, 2018-2023
9.2.3 Market Estimates & Forecast By Type, 2018-2023
9.2.4 Market Estimates & Forecast By Well Type Type, 2018-2023
9.2.5 Market Estimates & Forecast By Location, 2018-2023
188.8.131.52 Market Estimates & Forecast, 2018-2023
184.108.40.206 Market Estimates & Forecast By Application, 2018-2023
220.127.116.11 Market Estimates & Forecast By Type, 2018-2023
18.104.22.168 Market Estimates & Forecast By Well Type Type, 2018-2023
22.214.171.124 Market Estimates & Forecast By Location, 2018-2023
126.96.36.199 Market Estimates & Forecast, 2018-2023
188.8.131.52 Market Estimates & Forecast By Application, 2018-2023
184.108.40.206 Market Estimates & Forecast By Type, 2018-2023
220.127.116.11 Market Estimates & Forecast By Well Type Type, 2018-2023
18.104.22.168 Market Estimates & Forecast By Location, 2018-2023
List Of Tables
Table 1 Global WIRELINE SERVICES: By Region, 2018-2023
Table 2 North America WIRELINE SERVICES: By Country, 2018-2023
Table 3 Europe WIRELINE SERVICES: By Country, 2018-2023
Table 4 Asia Pacific WIRELINE SERVICES: By Country, 2018-2023
Table 5 RoW WIRELINE SERVICES: By Country, 2018-2023
Table 6 Global WIRELINE SERVICES, By Application, By Regions, 2018-2023
Table 7 North America WIRELINE SERVICES, By Application, By Country, 2018-2023
Table 8 Europe WIRELINE SERVICES, By Application, By Country, 2018-2023
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