Global Wireline Services Market: Synopsis
The report published by Market Research Future (MRFR) states that the Global Wireline Services Market is anticipated to exhibit steady expansion at a CAGR of 2.5% during the forecast period of 2018-2023. Increased drilling activities for the exploration of oil and natural gas in order to fulfill the high demand for fossil fuels in the global market are inducing high demand for wireline services, leading to the growth of the Global Wireline Services Market. rapid development of offshore oil rigs, adoption of advanced technology for optimum and economical extraction of oil and gas and expansion of oil industry due to the increasing energy demand as a result of rapid population rise are also fueling the growth of the global wireline services market. However, exhaustion of on-land oil rigs and rapid decline in oil prices are restraining the growth of the global wireline service market during the assessment period.
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Global Wireline Services Market: Segmental Analysis
The Global Wireline Services Market is segmented on the basis of Application, Type, Well Type, Location and Region.
Based on Application
- Completion
- Intervention
- Logging
Based on Type
- Electric lines
- Slicklines
Based on Well Type
- Open-hole wells
- Cased wells
Based on Location
- Onshore
- Offshore
Global Wireline Services Market: Regional Analysis
Geographically, the Global Wireline Services Market has been segmented into four major regions such as North America, Europe, Asia Pacific (APAC), and the Middle East and Africa. Increased drilling activities for the exploration of shale gas reserves and increased study of rocks for mining of economically valuable minerals coupled with the utilization of technologically advanced machinery for faster drilling are inducing high demand for wireline services in the North America region, which in turn is propelling the growth of the wireline service market in this region. Increased exploration activities to fulfill the growing energy demand, recent discovery of oil reserves in the South China Sea, and adoption of advanced equipment for carrying out drilling and mining activities are fueling the growth of the wireline services market in the Asia Pacific region.
Global Wireline Services Market: Competitive Analysis:
The players in the global wireline services market are expanding their businesses by providing optimized services to the prominent oil and gas companies. Strategic initiatives such as mergers and acquisitions are aiding these players in sustaining the competition in the global wireline services market.
The prominent players profiled by MRFR that are operating in The Global Wireline Services Market are-
GE Oil and Gas (the U.S.), Weatherford International (the U.S.), Schlumberger (the U.S.), Superior Energy Services (the U.S.), Pioneer Energy Services Corp. (the U.S.), C&J Energy Services Ltd. (the U.S.), and National Oilwell Varco, Inc. (the U.S.). Halliburton (the U.S.), Basic Energy Services, Inc. (the U.S.), Expro International Group Holding Ltd. (the U.K.), Wireline Engineering Ltd. (the U.K.), Oilserv (UAE), and SGS (Switzerland) and others.
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Table of Content
1 Executive Summary
2 Scope of the Report
3 Market Landscape
4 Market Dynamics
5 Global WIRELINE SERVICES, By Application
6 Global WIRELINE SERVICES, By Type
7 Global WIRELINE SERVICES, By Well Type
8 Global WIRELINE SERVICES, By Location
9 Global WIRELINE SERVICES, By Region
10 Competitive Landscape
11 Company Profile
To be Continue …………..
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