• Blog
  • Wireline Service Market Size & Share Analysis | 2023-2028

    Wireline Service Market Size & Share Analysis | 2023-2028

    Wireline Service Market Size & Share Analysis | 2023-2028
    Report code - SROG149 Delivery - 2 Weeks
    Wireline Service Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis&nda See more...

    Market Insights

    The wireline service market was estimated at USD 8.31 billion in 2022 and is likely to grow at a CAGR of 2.2% during 2023-2028 to reach USD 9.5 billion in 2028.


    Want to know more about the market scope? Download a free sample here

    What is wireline service?

    Wireline service refers to a set of wiring infrastructure and tools used in regular maintenance of wellbores to accomplish well-completion operations like well-intervention, logging, etc. This equipment is needed throughout the lifespan of an oil and gas well. Wireline services collect critical data related to the subsurface geology, reservoir conditions, maintenance, intervention operations, etc.


    Lockdown in transportation, industrial, and commercial operations and a halt in upcoming exploration projects caused by the spread of the COVID-19 virus posed a big threat to the global wireline service market. The virus outbreak most significantly impacted the downstream oil market resulting from the crash in crude oil prices, eventually leading to reduced production and exploration activities. These factors led to a huge decline in the demand for the wireline service market.

    Wireline Service Market Highlights

    Market Size in 2022

    USD 8.31 billion

    Market Size in 2028

    USD 9.5 billion

    Market Growth (2023-2028)

    2.2% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Key Players

    Some of the major players in the market are-

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

    Market Dynamics

    There are several drivers that are fuelling the growth of the wireline service market. Below mentioned are a few–

    • Increasing demand for oil and gas products globally- The global demand for crude oil is growing rapidly. In 2022, the crude oil demand worldwide (including biofuels) amounted to ~99.57 million barrels per day (mb/d) and it is projected to increase to 101.89 million barrels per day in 2023. Organization of Petroleum Exporting Countries (OPEC) projects the global supply of liquids to increase to ~105.7mn b/d in 2025, and then to 109.8mn b/d in 2045.
    • The rise of unconventional oil and gas resources- Unconventional oil and gas resources, such as shale gas and tight oil, have boosted the requirement for wireline services. These resources require specialized drilling and completion techniques which often rely heavily on wireline data collecting and intervention.

    Thus, continuous growth in the exploration, production, and completion tasks to deliver the ever-growing demand for oil and gas products globally pushes the demand for the wireline service market.


    Want to have a closer look at this market report? Click Here

    Segment Analysis

    By Service Type

    Based on the service type, the 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 more efficient wireline services over conventional well completion tools.

    By Application Type

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

    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 forecast period. Cased holes are holes in which a portion of the well has a metal casing placed to protect it from the pressure of fluids. The segment is further bifurcated as slackline 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.

    Regional Insights

    In terms of regions, North America is estimated to dominate the 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.


    Know which region offers the best growth opportunities. Register Here

    Market Segmentation

    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.

    The market is segmented into the following categories.

    By Service Type

    • Well Logging
    • Well Intervention
    • Well Completion

    By Application Type

    • Onshore
    • Offshore

    By Wireline Type

    • Electric Line
    • Slickline

    By Hole Type

    • Cased-Hole
    • Open-Hole

    By Region

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


    Want to know the most attractive market segments? Click Here

    Recent News & Developments

    In August 2021, Halliburton Corporation made an official announcement regarding Halliburton Energy Services, Inc.'s commitment to acquire a 15% equity stake in Petroleum Place, Inc. This prominent industry-focused internet company specializes in global oil and gas property acquisition and divestiture (A&D) market services. The comprehensive transaction value, encompassing cash and additional considerations, stands at $55.15 million.

    MAY 2021: Schlumberger and NOV Announce Collaboration to Accelerate Adoption of Automated Drilling Solutions- Today, Schlumberger and NOV have unveiled a strategic partnership designed to expedite the adoption of automated drilling solutions among oil and gas operators and drilling contractors. Under this agreement, customers gain the capability to integrate Schlumberger's surface and downhole drilling automation solutions with NOV's rig automation platform, resulting in enhanced well construction performance. This comprehensive offering automates manual workflows, leading to improvements in safety, decision-making, consistency, and overall drilling operation efficiency.

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Wireline Service Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The wireline service market is likely to reach USD 9.5 billion in 2028.

    The wireline service market was estimated at USD 8.31 billion in 2022.

    The wireline service market is growing at a CAGR of 2.2% over the forecast period.

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

    North America is expected to hold the largest share of the market during the forecast period.

    The well completion, onshore, and cased-hole segments are estimated to dominate the market during the forecast period.

    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.

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