Global Wireline Logging Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global wireline logging services market in its upcoming report titled, “Global Wireline Logging Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global wireline logging services market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global wireline logging services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global wireline logging services market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wireline logging services market report has been segmented on the basis of type, technology, and region.
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 well condition logged such as open hole, cased hole, and production log.
Increasing demand for oil & gas, expanding exploration activities in deep waters, thriving investments in 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 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, lack of skilled workforce and 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 America 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 growing increment in the US exploration and production activities and focus on unconventional recovery of hydrocarbons. The market in Asia Pacific is projected to witness the fastest growth over the forecast period, owing to rising energy demand and development of oil and energy industry in emerging economies in the region. Also, the market in 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 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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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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