Wireline Services Market 2019 Global Research Report- Forecast to 2023 is in-depth analysis research on Global Wireline Services Industry, comprises comprehensive data on Global Wireline Services Market Size, Share, Trends, Key Players, Growth Statistics, with historic and forecast data up to 2023. For better easy understanding this report segments Wireline Services Global Market 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 Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America).
The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
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Wireline Services Industry Key Companies Analyzed:
The crucial players of global wireline Services market are listed as Weatherford International (U.S.), Schlumberger (U.S.), GE Oil and Gas (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), Superior Energy Services (U.S.), and National Oilwell Varco, Inc. (U.S.). Also, Basic Energy Services, Inc. (U.S.), Halliburton (U.S.), Wireline Engineering Ltd. (UK), Oilserv (UAE), and SGS (Switzerland) and Expro International Group Holding Ltd. (UK) are also contributing considerable to the market’s growth.
Wireline Services Global Market to Potentially Generate Higher Valuation By 2023. Wireline Services Industry Accounts for Major Growth in Emerging in Oil Sector
The market for wireline Services is cementing its foothold owing to the traction generated oil industry across the globe. The global wireline Services market is expecting an exponential growth rate of 2.5% during the forecast period (2018-2023), declares Market Research Future (MRFR).
Market Drivers & Trends
According to the report published by MRFR, the oil industry has witnessed sharp upward string in the past years, which has been one of the prime reasons for market’s growth. In the present time, the prices are settling along with sustaining the supply-demand balance of oil. The upstream industry is standing up again and with the continuous efforts on new oilfield discoveries and exploratory activities is carried out to propel the market’s growth. In other words, the oilfield Services industry is witnessed to be dependent on upstream operations, which is expected to drive the wireline Services industry in the coming years. Due to these factors, the wireline Services industry is, thereby, expected to observe a unremitting growth during the estimated period.
At the same time, the wireline Services market might also expand owing to various factors such as oil price recovery, mounting number of mature oil wells and rising oil exploration and field development activities. In case of point, there has been a noteworthy discovery by Westwood Energy Group in offshore deep-water in Atlantic region in Guyana.
On the other hand, wireline Services are playing a vital role in the oilfield operations, as these are cost-effective methods of maintenance of the wellbores. The wireline Services include cabling technology to reduce the number of equipment or measurement devices inside the well. The advantages of deployment of wireline Services include evaluation of rock properties, information gathering for pore size, pressure gathering for production fluid formation, sample recovery, location-casting rollers, which is also contributing to the market’s growth considerably.
Global wireline Services market is segmented by the elements of application, type, well type, and location.
In terms of application: Completion, intervention and logging are the segments. Amongst these, the completion segment occupies the largest share owing to enhanced efficiency of wireline Services over conventional well completion tools.
In terms of type: Electric lines and slicklines are the segments. Among these, E-lines or electric lines segment has the major market share in the wireline system market owing to the distinction in application in well logging purposes as they are regarded as appropriate for reservoir understanding and field development activity.
In terms of well type: Open-hole wells and cased wells are the segments. Wherein, the cased well type segment occupies a major share of the market owing to a higher number of mature wells, as wireline Services are implemented.
In terms of location: Onshore and offshore are the segments. The offshore segment might expand at a higher rate, owing to rising exploration and drilling activities in offshore locations coupled with exploration in harsher geographies in offshore location.
Geographical analysis of the global market for wireline Services includes North America, Europe, Asia Pacific, and Middle East & Africa
Among these, North America region held the largest market share in wireline Services industry back in 2017. The exploration activities and rock study activities for shale oil, oil sands, and carbonate rocks in North America region are rising. For an instance, in 2017, the production of shale oil was 4.67 million barrels, which contributed half of the total oil production from U.S.
Whereas, Asia Pacific and Africa region are likely to lead the growth of market due to the major growth attributors in the Gulf of Thailand, and South China Sea from Asia Pacific and Mediterranean Sea and Egypt desert from Africa.
Global Wireline Services Market Competitive Analysis
The Global Wireline Services industry is well-established space witnessing several innovations. The market is competitive yet fragmented. The competition in the market is expected to intensify further during the review period. The Key players operating in this market emphasis upon the product innovation and new manufacturing processes which in turn, is anticipated to fuel the already intensified competition during the forecast period. Wireline Services global market demonstrates high growth prospect, which is turn, is attracting several new entrants to the market which is apparently anticipated to intensify the market competition.
Market Research Future (MRFR) leverages its in-house network of expert analysts who, with the help of robust algorithms and fail-safes methodologies derive reliable and insightful market forecast. The market facts presented in our reports are backed by primary and secondary research inputs, which include interviews with industry opinion holders, questionnaires, surveys, SEC filings, whitepaper references, and, annual reports published. Top-down and bottom-up approaches are employed to ensure the credibility of the market foresight. Our analysts evaluate every microeconomic and macroeconomic factor associated with the market for a reliable assessment of the changing trends. A multi-layer verification process validates the authenticity of our research findings. MRFR strives to reveal market opportunities and threats for enabling our clients to devise their next growth strategy.
Major 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
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