Global Wireline Logging Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Wireline Logging Services Market Overview
"The global Wireline Logging Services Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Wireline logging is a continuous measurement and assessment of the formation properties, with electrically powered instruments to presume properties and make decisions about drilling and production operations in the oil & gas industry.
Measurements include electrical properties such as resistivity and conductivity at various frequencies, sonic properties, active and passive nuclear measurements, dimensional measurements of the wellbore, formation fluid sampling, formation pressure measurement, wireline-conveyed sidewall coring tools, and others. Wireline logging data is classified into three categories depending on the good condition logged such as an open hole, cased hole, and production log.
Increasing demand for oil & gas, expanding exploration activities in deep waters, thriving investments in the oil & gas sector, increased focus on natural and shale gas production, growing demand for real-time data gathering and significant additions to recoverable resources are factors expected to propel the growth of the global wireline logging services market over the forecast period.
However, growing preferences for renewable energy sources, stringent environmental norms to preserve resources, a lack of skilled workforce, and the high cost of initial technical equipment are some of the factors restraining the growth of the global wireline logging services market.
The global wireline logging services market is segmented on the basis of type, technology, and region. On the basis of region, the global wireline logging services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North American market is dominant in the global wireline logging services market and accounts for the largest share in terms of revenue, as compared to other regions. This can be attributed to the growing increment in the US exploration and production activities and the focus on the unconventional recovery of hydrocarbons.
The market in the Asia Pacific is projected to witness the fastest growth over the forecast period, owing to rising energy demand and the development of the oil and energy industry in emerging economies in the region. Also, the market in the Middle East is expected to register moderate growth over the forecast period owing to increasing oil exploration activities and large energy reserves in the region.
Global Wireline Logging Services Market Segmentation:
Global wireless logging services market segmentation by type:
- Cased hole
- Open hole
Global wireless logging services market segmentation by technology:
- Electric line
Global wireless logging services market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Schlumberger Limited
- Halliburton Company
- Nabors Industries, Inc.
- Casedhole Solutions, Inc.
- Expro International Group Holdings Limited
- OiLSERV Oilfield Services Company
- General Electric Company
- Superior Energy Services, Inc.
- C&J Energy Services, Inc.
- Pioneer Energy Services Corp.
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