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Report segments Wireline Services 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 by Region. Global market for wireline services is to grow at 9.5 % CAGR by 2023.Global Wireline Services Market Highlights:
The oil industry has witnessed sharp downswings post-oil price shock that happened post-April 2014. The prices are settling now with sustaining supply-demand balance along with other macroeconomic factors. The upstream industry is standing up again and continuous efforts on new oilfield discoveries and exploratory activities are being carried out. The oilfield service industry is completely dependent on upstream operations thus, which, will benefit wireline service industry. Wireline service industry is, thereby, expected to witness a continuous growth during the forecast period.
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Leading Players Studied In Report are: GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), and SGS (Switzerland) are among others.
The development of offshore oil platforms coupled with the geographical expansion of oil industry is the critical driver of the market. The development of shale oil reserves in Latin America, U.S. Canada and other nations is critical commercial driver of the market. The growing energy demands of the world due to industrialization, population growth and others are demand led drivers of the global wireline services market.
Technological advancements such as the development of fiber optic sensing technology, acoustic, nuclear and correlation measurements technologies and development of advanced analytics is driving the market. Optical fiber technology is fast replacing traditional wireline copper infrastructure due to advantages such as higher bandwidth, ability to transmit huge quantities of data over long distances, cheaper than copper wires and low noise and interference.
Market Segmentation:
Global wireline services market is segmented on the basis of application, type, well type, location and region.
Based on application, the market is further segmented into completion, intervention and logging. Amongst these segments, completion segment holds the largest share due to improved efficiency of wireline services over conventional well completion tools.
On the basis of type, market is classified as electric lines and slicklines. E-lines or electric lines segment has major market share in the wireline system market due to the distinction in application in well logging purposes as they are regarded as appropriate for reservoir understanding and field development activity.
Based on well type, the market is categorized into open-hole wells and cased wells. The cased well type segment holds major share of the wireline service market owing to a higher number of mature wells, wherein wireline services are implemented.
On the basis of location, the market is segmented as onshore and offshore. The offshore segment is expected to grow at higher rate, due to increasing exploration and drilling activities in offshore locations coupled with exploration in harsher geographies in offshore location. For an instance, there are increasing activities in ultra-deep water in North Sea and Gulf of Mexico.
Regional Analysis:
North America accounts for the largest market share of the wireline services market followed by Asia-Pacific and South America region. The development of shale in the U.S. and Canada is expected to drive a faster growth of the market after a period of stagnancy.
Middle East and Asia-Pacific regions are anticipated to be the fastest growing market owing to growing economic clout and industrialization. Malaysia, Australia, and Indonesia are key markets in the Asia-Pacific region with a large opportunity due to discoveries of oil in the South China Sea. Other Asian countries providing opportunities are Turkmenistan, Kazakhstan and others.
South and Central America are another lucrative markets owing to discovery and development of a number of mature onshore and offshore projects. Brazil, Venezuela and Mexico are expected to be the largest markets in the Latin America and South America regions, while Argentina provides a large opportunity due to discovery of shale gas. Liberalization of the Mexican oil & gas industry is expected to provide an impetus while the worsening economic and political conditions in Venezuela are critical threats to the market.
List Of Tables:
Table 1 Global WIRELINE SERVICES: By Region, 2018-2023
Table 2 North America WIRELINE SERVICES: By Country, 2018-2023
Table 3 Europe WIRELINE SERVICES: By Country, 2018-2023
Table 4 Asia Pacific WIRELINE SERVICES: By Country, 2018-2023
Table 5 RoW WIRELINE SERVICES: By Country, 2018-2023
Table 6 Global WIRELINE SERVICES, By Application, By Regions, 2018-2023
Table 7 North America WIRELINE SERVICES, By Application, By Country, 2018-2023
Table 8 Europe WIRELINE SERVICES, By Application, By Country, 2018-2023
Table 9 Asia Pacific WIRELINE SERVICES By Application, By Country, 2018-2023
Table 10 RoW WIRELINE SERVICES By Application, By Country, 2018-2023
Table 11 Global WIRELINE SERVICES By Location Market: By Regions, 2018-2023
Table 12 North America WIRELINE SERVICES By Location: By Country, 2018-2023
Table 13 Europe WIRELINE SERVICES By Location: By Country, 2018-2023
Table 14 Asia Pacific WIRELINE SERVICES By Location: By Country, 2018-2023
Table 15 RoW WIRELINE SERVICES By Location: By Country, 2018-2023
Table 16 Global WIRELINE SERVICES, By Well Type Type, By Regions, 2018-2023
Table 17 North America WIRELINE SERVICES, By Well Type Type, By Country, 2018-2023
Table 18 Europe WIRELINE SERVICES, By Well Type Type, By Country, 2018-2023
Table 19 Asia Pacific WIRELINE SERVICES, By Well Type Type, By Country, 2018-2023
Table 20 RoW WIRELINE SERVICES, By Well Type Type, By Country, 2018-2023
Table 21 Global WIRELINE SERVICES, By Type, By Regions, 2018-2023
Table 22 North America WIRELINE SERVICES, By Type, By Country, 2018-2023
Table 23 Europe WIRELINE SERVICES, By Type, By Country, 2018-2023
Continued…
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL WIRELINE SERVICES SHARE, BY APPLICATION, 2016 (%)
FIGURE 9 GLOBAL WIRELINE SERVICES, BY APPLICATION, 2018-2023 (USD MILLION)
FIGURE 10 GLOBAL WIRELINE SERVICES SHARE, BY WELL TYPE TYPE, 2016 (%)
FIGURE 11 GLOBAL WIRELINE SERVICES, BY WELL TYPE TYPE, 2018-2023 (USD MILLION)
FIGURE 10 GLOBAL WIRELINE SERVICES SHARE, BY LOCATION, 2016 (%)
FIGURE 11 GLOBAL WIRELINE SERVICES, BY LOCATION, 2018-2023 (USD MILLION)
Continued…
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