LONDON, March 28, 2017 /PRNewswire/ --
According to Stratistics MRC, the Global Wireline Services
market is accounted for $17.35
billion in 2015 and is expected to reach $34.06 billion by 2022 growing at a CAGR of
10.1%. There is constant growth in the oil & gas exploration
and production activities for finding new unconventional resources,
which massively supports the wireline services market growth. These
wireline services are essential for exploration, completion,
drilling, intervention, and stimulation in oil and gas industries.
The key factors driving wireline services market include growing
exploration and production activities, global demand for oil &
gas, technological advancements, increased oil production, and
exploration activities for shale gas. However, increasing focus on
renewable energy, stringent environmental rules and regulations,
and decrease in crude oil prices are limiting the market
growth.
In 2015, well completion segment held the largest share with more
than 60% in total wireline services market. Electric line wireline
type is the largest technology segment due to its usage in well
logging services. The accomplished usage of wireline services
together with the rising oil and gas production is the major driver
for the market growth. North
America has the largest market for wireline services and is
expected to continue its growth during the forecast period due to
rapidly increasing oil and gas production levels and logging
services.
Some of the key players in global market include Archer Limited,
Baker Hughes Incorporated, Basic Energy Services, Inc., C&J
Energy Services Ltd., Casedhole Solutions, Expro International
Group Holding Ltd., FMC Technologies, GE Oil & Gas, Halliburton
Company, Nabors Industries Ltd., National Oilwell Varco, Inc.,
Oilserv, Pioneer Energy Services Corp., Schlumberger Limited,
Superior Energy Services, Inc., Weatherford International PLC and
Wireline Engineering Ltd.
Services Covered:
- Well Intervention
- Completion
- Logging
Technologies Covered:
- Electric Line
- Slick Line
Applications Covered:
- Offshore
- Onshore
Hole Types Covered:
- Open Hole
- Cased Hole
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level
segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned
segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats,
Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the
market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and
recent developments
- Supply chain trends mapping the latest technological
advancements
Download the full report:
https://www.reportbuyer.com/product/4671023/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that
provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/wireline-services---global-market-outlook-2016-2022-300430567.html
SOURCE ReportBuyer