Global Wireline Services Market Outlook to 2022 - Market Analysis by Type (Logging, Well Intervention, Completion), Geography, Competitive Landscape, Key Company Information - Growth Trends and Forecasts

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 125 | Published By - Mordor Intelligence

Report Highlights

Global wireline services market is expected to reach $35.9 billion by 2022, up from $16.34 billion in 2013, with a CAGR of 11.9 percent. Geographically, North America has the major market share for global wireline services market. The strong research and development practices in the North American region have helped the market to grow. Also, the favorable regulations have helped the North American market to propel to the level of market leader in global wireline services market. However, the mature wireline services market in this region is subjected to stiff competition.

Generally every oil well drilling starts when it is uncased. And the surface casing will be installed once a short distance is drilled, to protect the softer surface formations without caving. Number of casings installed will depend upon the total depth of the well and type of rock formation. After reaching the total depth, a log will be run to determine whether the well is economical to produce and also to determine the exact depth of the well.

 Factors such as shale boom in few regions, increasing offshore drilling activity across the world, quest for finding potential untapped oil and gas reserves are driving the market growth for construction services in oil and gas sector. On the flip side, political instability, initial cost of investment are some factors restraining the market from growth and has been explained in this report in detail.

 North America is expected to lead the market in the coming years. The regions market would be primarily driven by increasing shale activity across United States, Canada and increasing offshore exploration in Gulf of Mexico. Europe and Asia-Pacific are growing rapidly in terms of market demand. Demand is high particularly in some countries such as China, India, United Kingdom, and the Netherlands. The North Sea region presents a decent market opportunity for construction services segment as its new exploration activity is at an all-time high primarily because of the decreasing production levels since past few years and going into much deeper waters to find new oil and gas reserves.

Regions such as South and Central America and Africa are expected to share a decent share of market demand in the coming years although there are some factors restraining the oil and gas activity in these regions. Africas oil and gas industry has suffered from various political and social scenarios such as internal wars and corruption, the situation is safe enough these days. There was a problem of piracy as well, but it has been handled well by authorities and is now dwindled. Also, there is a tremendous improvement in security across different countries in the region, helping the companies to look into the region again, thus boosting the oil and gas industry.

The research published on wireline services in oil and gas sector covers types of wells such as onshore and offshore, new and upcoming technologies that have witnessed rapid technological developments and improved the performance and resulted in cost benefits to the operators.

What the Report Offers

 1) Market Definition for the specified topic along with identification of key drivers and restraints for the market.

2) Market analysis for the wireline services market, with region specific assessments and competition analysis on a global and regional scale.

3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

4) Extensively researched competitive landscape section with profiles of major companies along with their share of markets.

5) Identification and analysis of the Macro and Micro factors that affect the wireline services market on both global and regional scale.

6) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.  

Reasons for Buying this Report

 1) For gaining an exhaustive understanding of global wireline services market. Would be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade

2) An ideal opportunity for industry consultants, equipment manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered

3) Wide-ranging information provided about the leading market players and the major strategies adopted by them
 

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