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    Well Testing Services Market Report

    Well Testing Services Market Report
    Report code - SROG147 Delivery - 2 Weeks
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    Well Testing Services Market Size, Share, Trend, Forecast, & Industry Analysis – See more...

    Impact of COVID-19 on Well Testing Services Market

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

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    Impact of COVID-19 on Well Testing Services 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 Testing Services Market is likely to witness an impressive CAGR of 6.1% during the forecast period. The major factors driving the growth of the market are surge in demand for energy across the globe, increase in the global E&P spending coupled with the rise in the drilling activity in the offshore regions.

    Well Testing Services Market - Snapshot

    Growth

    6.1% for the next five years

    Major Service Type

    Real Time Well Testing

    Major Application Type

    Onshore

    Region with the highest demand

    North America

    Key Players

    Expro International Group Ltd, Halliburton Company, Halliburton Company, Schlumberger, Tetra Technologies Inc, Weatherford, AGR Group ASA, FMC Technologies Inc, Helix Energy Solutions Group Inc, MB Petroleum Services LLC, Mineral Technologies Inc.

    Segment Analysis

    Well-Testing-Services-Market-Dominant-Segments

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    Well Testing Services Market Share: By Service Type

    Based on the service type, the market segmented as real time well testing, downhole well testing, reservoir sampling, and surface well testing. The real time well testing segment holds a major share of the market and is estimated to grow at the fastest rate during the forecasted period. The segment monitors and provides proactive measures to ensure safe operation, validate data, optimize flaring operations and reduce cost.

    Well Testing Services Market Share: By Application Type

    Based on the application type, the market is segmented as offshore and onshore. The onshore segment dominated market in 2020, whereas the offshore segment is estimated to grow at a faster pace owing to increasing investments in subsea oil & gas activities. The growing concern regarding optimizing operations and minimizing cost has paced up the demand for well-testing services to improve productivity.

    Well Testing Services Market Share: By Region

    In terms of regions, North America is estimated to dominate the well testing services market during the forecast period. The growth is attributed to the increase in production of hydrocarbons moving towards a number of new discoveries and active rigs. The USA holds over 50% of new wells drilled. On the other hand, Asia-Pacific holds the second position as the major contributors from China, India, Indonesia, and Thailand are anticipated to offer lucrative growth opportunities during the forecasted period.

    Well-Testing-Services-Market-By-Region

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    Market Scope & Segmentation

    Well Testing Service is a process which is followed to test properties of hydrocarbon and characteristics of underground reservoir, where the hydrocarbons are stored. The test is performed to execute a set of planned data acquisition activities.

    Well Testing Services provide information about the state of a particular well used to collect data and identify the reservoir’s capacity to produce hydrocarbons.

    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 Testing Services Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The well testing services market is segmented into the following categories.

    Well Testing Services Market Size, Share, & Forecast, by Service Type:

    • Real Time Well Testing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Downhole Well Testing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Reservoir Sampling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surface Well Testing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Well Testing Services 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 Testing Services 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)

    Well-Testing-Services-Market-Segmentation

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    Key Players

    Some of the major players in the well testing services market are-

    • Expro International Group Ltd
    • Halliburton Company
    • Halliburton Company
    • Schlumberger
    • Tetra Technologies Inc
    • Weatherford
    • AGR Group ASA
    • FMC Technologies Inc
    • Helix Energy Solutions Group Inc
    • MB Petroleum Services LLC
    • Mineral Technologies Inc.

    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 service 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 testing services market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.

    Expro International Group Ltd, Halliburton Company, Halliburton Company, Schlumberger, Tetra Technologies Inc, Weatherford, AGR Group ASA, FMC Technologies Inc, Helix Energy Solutions Group Inc, MB Petroleum Services LLC, Mineral Technologies Inc are among the key players in the well testing services market.

    North America is expected to remain dominant in the well testing services market during the forecast period.

    The offshore segment is expected to grow at the fastest pace in the well testing services market in the next five years.

    The real time well testing segment is expected to grow at the fastest rate in the well testing services in the coming years.

    Surge in demand for energy across the globe, increase in the global E&P spending coupled with the rise in the drilling activity in the offshore regions are the factors driving the growth of well testing services market.

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