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    Well Intervention Market Report

    Well Intervention Market Report
    Report code - SROG146 Delivery - 2 Weeks
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    Well Intervention Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...

    Impact of COVID-19 on Well Intervention Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Well Intervention Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Well Intervention Market is likely to witness an impressive CAGR of 5.7% during the forecast period. Factors driving the well intervention market are the mounting efforts by various upstream companies to pace up the production from the available fields that have grown mature.

    Well Intervention Market - Snapshot

    Growth

    5.7% for the next five years

    Major Service Type

    Logging & Bottomhole Survey

    Major Application Type

    Offshore

    Dominant Well Type

    Horizontal

    Dominant Intervention Type

    Heavy

    Region with the highest demand

    North America

    Key Players

    Litracon Ltd, LUCEM GmbH, Dupont Lightstone, CRE Panel GmbH, LCT GesmbH, and Italcementi SpA.

    Segment Analysis

    Well-Intervention-Market-Dominant-Segments

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    Well Intervention Market Share: By Service Type

    Based on the service type, the market is segmented as logging & bottomhole survey, tubing/packer failure & repair, stimulation, remedial cementing, zonal isolation, sand control, re-perforation, fishing, artificial lift, and others. The logging & bottomhole survey led the market in 2020, and is expected to maintain its dominance during the forecast period. The increase in demand for energy and expenditure in offshore assets is the contributing factor for the growth of the well industry’s service segment.

    Well Intervention Market Share: By Intervention Type

    Based on the intervention type, the market is divided as light, medium, and heavy intervention. The heavy intervention dominated the market in 2020, and is estimated to lead the market during the forecast period. The heavy intervention segment helps in replacing parts, such as pumps and tubing strings that cannot be recovered by means of light interventions.

    Well Intervention Market Share: By Application Type

    Based on the application type, the market is segmented as onshore and offshore. The onshore segment is estimated to dominate the well intervention market during the forecasted period. On the other hand, the offshore segment is expected to register a faster growth during the forecasted period on account of the increasing investments in subsea oil & gas activities.

    Well Intervention Market Share: By Well Type

    Based on the well type, the market is segmented as horizontal and vertical. The horizontal segment is expected account for the larger share of the market and it accounts for over 70% of the wells drilled globally. The growth can be attributed to the increasing drilling activities in the Middle East and Europe, where horizontal drilling is more prominent. Further, more well intervention operations are required in horizontal wells as compared to vertical wells as the wellbore faces a higher challenge of water shutoffs and wax formation.

    Well Intervention Market Share: By Region

    In terms of regions, North America is expected to be the largest well intervention market during the forecast period. The market is driven by the growth in unconventional resources in Canada and the USA. Besides, the surge in demand for intervention operations in the maturing offshore fields in regions such as the Gulf of Mexico and other onshore fields in the US is expected to bolster the market during the forecast period.

    Well-Intervention-Market-By-Region

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    Market Scope & Segmentation

    Well Intervention targets on the crux and explains the basic tools and techniques available for producing below potential. This process of well servicing operations is conducted within completed wellbores.

    Well Intervention is a process carried out on oil & gas during its fruitful life that changes the state of the well and provides diagnostics, and manages the efficient production of the well.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Well Intervention Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    16

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The well intervention market is segmented into the following categories. 

    Well Intervention Market Size, Share, & Forecast, by Service Type:

    • Logging & Bottomhole Survey (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tubing/Packer Failure & Repair (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stimulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Remedial Cementing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Zonal Isolation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sand Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Artificial Lift (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Re-Perforation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)  

    Well Intervention Market Size, Share, & Forecast, by Intervention Type:

    • Light (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Heavy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Intervention Market Size, Share, & Forecast, by Application Type:

    • Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Intervention Market Size, Share, & Forecast, by Well Type:

    • Horizontal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Intervention Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the major players in the well intervention market are-

    • Halliburton
    • Schlumberger
    • BHGE
    • Weatherford
    • NOV, Inc. (US)
    • Superior Energy Services, Inc.
    • Archer
    • Altus Intervention
    • Expro Group
    • Oilserv
    • Welltec.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the well types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The well intervention market is expected to witness an impressive growth of 5.7% CAGR in the foreseeable future.

    Litracon Ltd, LUCEM GmbH, Dupont Lightstone, CRE Panel GmbH, LCT GesmbH, and Italcementi SpA are among the key players in the well intervention market.

    North America is expected to be the largest well intervention market during the forecast period.

    The horizontal segment is expected to account for the larger share of the well intervention market in the coming years.

    The onshore segment is expected to remain dominant in the well intervention market in the next five years.

    The logging & bottomhole survey is expected to remain dominant in the well intervention market during the forecast period.

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