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    Wireline Service Market Report

    Wireline Service Market Report
    Report code - SROG149 Delivery - 2 Weeks
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    Wireline Service Market Size, Share, Trend, Forecast, & Industry Analysis – 2021 See more...

    Impact of COVID-19 on Wireline Service Market

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

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    Impact of COVID-19 on Wireline Service 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

    Wireline Service Market is likely to witness a timid CAGR of 2.3% during the forecast period. The major factors propelling the growth of the market are aging reservoirs and increasing oil production.

    Wireline Service Market - Snapshot

    Growth

    2.3% for the next five years

    Major Service Type

    Well Completion

    Dominant Hole Type

    Cased-Hole

    Major Application Type

    Onshore

    Region with the highest demand

    North America

    Key Players

    Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International PLC (Switzerland), and Superior Energy Services (U.S.).

    Segment Analysis

    Wireline-Service-Market-Dominant-Segments

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    Wireline Service Market Share: By Service Type

    Based on the service type, the wireline service market is segmented as well completion, well intervention, and well logging. The well completion segment is estimated to hold the major share of the market during the forecasted period owing to better and efficient wireline services over conventional well completion tools.

    Wireline Service Market Share: By Application Type

    Based on the application type, the market is segmented as offshore and onshore. The onshore segment dominates the market due to increase in demand for wireline services across the globe. The segment is initially driven by huge number of maturing fields.  Further, as the difficulty is lesser for mobility in onshore regions, it enables multiple usage of wireline services, which is driving the growth of the segment during the forecast period.

    Wireline Service Market Share: By Hole Type

    Based on the hole type, the market is segmented as cased-hole and open-hole. The cased-hole segment is estimated to dominate the market during the forecasted period. Cased-holes are the holes in which a portion of the well has a metal casing placed to protect it from pressure of fluids. The segment is further bifurcated as slickline and electric line, among which the electric line subsegment is used the most owing to the advantages offered, such as real time data collection, accuracy, and versatility.

    Wireline Service Market Share: By Region

    In terms of regions, North America is estimated to dominate the wireline service market during the forecast period. The rise in shale gas production in the United States and offshore production in the Gulf of Mexico are the major factors driving the region’s market. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.

    Wireline-Service-Market-By-Region

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    Market Scope & Segmentation

    Wireline Service is the regular and frequent maintenance of a wellbore using wireline tools or equipment so that well completion operation can be accomplished following further processes. The tools used in the process are designed in such a way that they function and help in taking down any type of instrument in and out of the wellbore.

    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.

    Wireline Service Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The wireline service market is segmented into the following categories. 

    Wireline Service Market Size, Share, & Forecast, by Service Type:

    • Well Logging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Well Intervention (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Well Completion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wireline Service 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)

    Wireline Service Market Size, Share, & Forecast, by Wireline Type:

    • Electric Line (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Slickline (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wireline Service Market Size, Share, & Forecast, by Hole Type:

    • Cased-Hole (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Open-Hole (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wireline Service 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)

    Wireline-Service-Market-Segmentation

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    Key Players

    Some of the major players in the wireline service market are-

    • Schlumberger Limited
    • Halliburton Company
    • Baker Hughes Incorporated
    • Weatherford International PLC
    • Superior Energy Services.

    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 wireline service market is expected to witness an impressive growth of 2.3% CAGR in the foreseeable future.

    Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International PLC (Switzerland), and Superior Energy Services (U.S.) are among the key players in the wireline service market.

    North America is expected to remain dominant in the wireline service market during the forecast period.

    The cased-hole segment is expected to remain dominant in the wireline service market in the coming years.

    The well completion segment is expected to hold the major share of the wireline service market during the next five years.

    Aging reservoirs and increasing oil production are the factors driving the growth of wireline service market.

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