Global Wireline Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Wireline Services Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global wireline 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 market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wireline services market report has been segmented on the basis of wireline type, service, well type, application, and region.
Wireline services are electric cables used by gas and oil well operators for well intervention, pipeline recovery, and reservoir evaluation. Wireline services are used for wide-range of activities in oil and gas industry which provides accurate, real time, and quantified data. In addition, it is used in determining quantity of organic carbons and hydrocarbons in well.
Rising oil production and aging reservoirs are major factors expected to drive growth of the global wireline services market over the forecast period. In addition, increasing focus towards renewable energy along with lowed crude oil prices are other factors expected to further fuel growth of the target market in terms of revenue. Furthermore, growing drilling activities for new crude oil reservoirs across various countries is another factor expected to boost growth of this market over the forecast period.
However, fluctuating price of oil and gas is a key factor expected to restrain growth of the global wireline services market over the forecast period. For example, according to Organization of Petroleum Exporting Countries (OPEC), average annual crude oil price was US$ 109.45/barrel in 2012 and is expected to be US$ 66.85/barrel in 2018. In addition, rising environmental issues are other factors expected to hamper growth of the target market over the forecast period.
Ongoing trend observed in the global wireline services market is increasing industrial preference towards optimized drilling and this trend is expected to continue over the forecast period. In addition, increasing number of patent fillings, owing to rising demand for innovative wireline products and services is another trend expected to continue during the forecast period.
Technological advancements and new oilfield discoveries are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Analysis by Region
The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to increasing number of well-established manufacturers across various countries in this region. The market in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for wireline services across various countries in this region.
Target audience for the global wireline services market are oilfield service companies, exploration and production companies, wireline tools and equipment manufacturers, national oil companies (NOCs), oil & gas field operators, government and research organizations, power and energy associations, consulting companies of the energy and power sector, and investment banks.
Global wireline services market segmentation:
Segmentation by wireline type:
Segmentation by service:
- Well Intervention
Segmentation by well type:
- Open Hole
Segmentation by application:
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$
- Superior Energy Services, Inc.
- GE Oil & Gas Inc.
- FMC Technologies, Inc.
- Pioneer Energy Services Corp
- Schlumberger Limited
- Weatherford International plc.
- C&J Energy Services, Inc.
- Allied-Horizontal Wireline Services, LLC
- Halliburton Company
- Baker Hughes, a GE company, LLC
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