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Global Wireline Services Market to Exhibit 10.36% CAGR during 2014-2020 as Oil and Gas Exploration Activities Rise Globally

Posted on Mar 30, 2016

The global wireline services market has been examined in a detailed market research report published recently by Transparency Market Research. The report gives a thorough overview of the past and present states of the market, and an analysis of the major factors that are projected to have a significant influence on the overall development of the market over the report’s forecast period. The report is titled “Wireline Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022,” and is available on the company website for sale.

Browse the full Wireline Services Market By Application (Well Intervention, Well Logging, and Well Completion) and By Technology (Slickline and Electric Line) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2022 report at https://www.transparencymarketresearch.com/wireline-services-market.html

Wireline services refer to cabling technologies used for lowering measurement devices and equipment inside oil and gas exploration wells for undertaking activities such as reservoir evaluation, intervention, logging, and completion. With the help of the real-time data gathered from the wells with the help of measurement devices, field engineers are able to control several process parameters. As the demand for wireline services goes hand in hand with the rise in oil-exploration and processing activities, the continuous global rise in oil and gas production and processing activities to meet the ever rising demand for power and fuels is expected to boost the global wireline services market over the report’s forecast period as well.

The report states that the global wireline services market will exhibit a healthy 10.36% CAGR over the period between 2014 and 2020 and rise from a valuation of US$19.10 bn in 2014 to US$34.96 bn by 2020.

The report segments the global market for wireline services on the basis of three criteria: application, technology, and geography.

On the basis of application, the market has been segmented into well intervention, well completion, and well logging. Of these, the segment of well completion dominated the wireline services market in 2013, accounting for a share of 65% in the global market.

Based on technology, the market has been segmented into sickline and electric line. Geographically, the market has been segmented into North America, South and Central America, Europe, Asia Pacific, and Middle East and Asia Pacific.

Regionally, the global market for wireline services was dominated by North America in terms of revenue in 2013, majorly owing to the vast research and development activities conducted in the region. Favorable regulatory scenario in the region has also given a significant boost to the market for wireline services in the past few years.

However, the market in the region is projected to face stiff competition from the relatively new market in Asia Pacific over the report’s forecast period. The market for wireline services is also observing huge traction in other regional markets owing to the rise in oil and gas exploration and processing activities. 

Some of the major vendors operating in the global wireline services market are FMC Technologies, Pioneer Energy Services Corporation, GE Oil and Gas, Weatherford International, Superior Energy Services, Inc., Schlumberger Limited, Allied Horizontal Wireline Services, LLC, C&J Energy Services, Inc., Baker Hughes Incorporated, and Halliburton Company.

The report segments the global wireline service market as follows:

Wireline Services Market: By Application

  • Well Intervention
  • Well Logging
  • Well Completion

Wireline Services Market: By Technology

  • Slickline
  • Electric Line

Wireline Services Market: By Region

  • North America
    • U.S.
    • Rest of North America
  • South & Central America
    • Brazil
    • Rest of South & Central America
  • Europe
    • Russia
    • Norway
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Nigeria
    • Saudi Arabia
    • Rest of Middle East & Africa

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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