Press Release

How Wireline Service Market will Dominate the Global Market

Top Players in Wireline Service Market are Archer - the well company, Baker Hughes, a GE company, Basic Energy Services, COSL - China Oilfield Services Limited, Schlumberger, Superior Energy Services, FMC TechnologiesM, Halliburton, Weir Oil and Gas, Emerson, National Oilwell Varco, Siemens, Schneider Electric

The global wireline service market is likely to grow in the coming years with impetus from a rise in the number of gas and oil exploration activities that have been taking place across the globe. According to a report published by Fortune Business Insights, titled, “Wireline Services: Global Market Analysis, Insights, And Forecast, 2018-2026”, the global wireless service market is projected to reach US$ 14,359.22 Mn by the End of 2026. Fortune Business Insights has predicted that the market will rise from its 2018 valuation of US$ 9,778.72 Mn at a CAGR of 4.92%.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/wireline-services-market-100480

There has been an increasing production of shale gas at offshore locations. Also, deep wells are drilled at a fast pace. These two factors are mainly anticipated to boost the global wireline services market throughout the forecast period.

Ability to Determine the State of Cement Likely to Boost Cased Hole Segment

The report classifies the global wireline services market into five segments, namely, by application, by service, by well type, by geography, and by location. By application, the market is further divided into well completion, well logging, and well intervention. By service, the market is grouped into slick line and electric line. Electric line segment has recently become the most popular one because they serve the purpose of avoiding capital wastage and in turn, improves efficiency of exploration.

Thus, the segment is projected to drive the market in the coming years. In terms of well type, the market is classified into cased hole and open hole. The global wireline services market will be dominated by the cased hole segment by the end of 2026. This is likely to occur because cased hole offers several advantages, such as determining corrosion, perforation, and the state of cement. Onshore and offshore are the two divisions of the location segment.

Rise in Demand for Wireline Services to Create Growth Opportunities in North America

Geographically, the global wireline services market is divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. Amongst these regions, the U.S. currently holds the major share of the global wireline services market. The region is followed by countries of the Middle East and China. North America held the largest share of wireline services market in 2018 and the region is projected to witness notable growth during the forecast period.

This is mainly because of the boom in shale gas in the U.S.A. which has resulted in an increasing demand for wireline services. Moreover, North America has planned numerous drilling projects that are yet to take place in Canada and the U.S.A. throughout the forecast period. All these factors are anticipated to lead the region in the wireline services market.

BASF, Halliburton, and Other Key Players’ Focus on Strategic Investments and Product Launches to Favor Growth

Trump administration released a plan in April 2019 to open more than one million acres of private and public land in California. The lands will be used for fracking and oil drilling. This initiative is anticipated to propel the wirelines services market. The plan would end a five-year moratorium on renting federal land in California. BASF, a German chemical company with its rival DEA, merged a deal to form the largest independent gas and oil company in Europe in May 2019.

This is likely to increase the number of oil and gas exploration activities in and around Europe, and in turn, will help the wireline services market to grow. Halliburton, an American multinational corporation, launched their new product called Elect frac sleeve in April 2019. The product allows unlimited stage count in multistage fracturing operations. It is a monobore sleeve solution.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wireline-services-market-100480

Top Players

  • Archer – the well company
  • Baker Hughes
  • GE
  • Basic Energy Services
  • COSL – China Oilfield Services Limited
  • Schlumberger
  • Superior Energy Services
  • FMC Technologies
  • Halliburton
  • Weir Oil and Gas
  • Emerson
  • National Oilwell Varco
  • Siemens
  • Schneider Electric

Table of Content

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1. Key Emerging Trends – For Major Countries

4.2. Key Developments: Mergers, Acquisition, Partnership, etc.

4.3. Latest Technological Advancement

4.4. Insights on Regulatory Scenario

4.5. Porters Five Forces Analysis

  1. Global Wireline Services Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings

5.2. Market Analysis, Insights and Forecast – By Service

5.2.1. Slick Line

5.2.2. Electric Line

5.3. Market Analysis, Insights and Forecast – By Well Type

5.3.1. Open Hole

5.3.2. Cased Hole

5.4. Market Analysis, Insights and Forecast – By Application

5.4.1. Wireline Completion

5.4.2. Wireline Intervention

TOC Continued…!

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected]

Tags

Joseph Johnson

Joseph Johnson is an awarded Journalist and previously has worked for several renowned newspapers. At Green Energy Analysis, he leads a section- Renewable Energy. There is a team of three journalists assisting him. Joseph thoroughly analyses every news article before sending for publishing. Following on his belief that ‘single man can cause a huge difference’, Joseph has published several impeccable case studies on subjects concerning nature.

Related Articles

Close