The oil field service companies accommodate the wireline services to the exploration and production (E&P) companies of oil & natural gas. There has been a continuous increase in the exploration and production activities of oil & gas in finding new areas of unconventional resources, which has immensely bolstered the growth of the global wireline services market.
These wireline services are required by the oil and gas industries for its entire lifecycle which includes exploration, drilling, completion, stimulation, and intervention. The growth of the wireline services market is directly proportional to the drilling and completion activities around the world. Various other factors such as geological condition and types of reservoir require different types of wireline services which boosts the growth of the global wireline services market. On the other hand, increased investment in the exploration and production activities will act as a market opportunity for the wireline services market.
The global market for the wireline services market has a wide area of application as these services are specifically used to run the equipment into the down hole, after and before the completion. The major drivers for the global wireline services market is the increase in demand for oil and gas globally. This has pressurized the industries to extract more from each well and, henceforth, further deep exploration is done. To accomplish the growing demand, there has been continuous growth in exploration, production and completion activities.
Furthermore, the industries are also discovering new oil and gas fields which require several wireline services. The discovery of shale gas and shale fields has tremendously increased the market for wireline services market. Moreover, these services are used to recover oil and natural gas both, which also increases the demand for wireline services market. Another driver of the global wireline services market is the energy strategy shift towards the gas and energy security. The market restraints of the global wireline services market are the environment regulations and public outcry. Increase in the seismic activities has also slowed down the growth of global market for wireline services.
Geographically, North America has the major market share for global wireline services market. The strong research and development practices in the North American region have helped the market to grow. Also, the favorable regulations have helped the North American market to propel to the level of market leader in global wireline services market. However, the mature wireline services market in this region is subjected to stiff competition. The market for wireline services, in the remaining region, is growing at a higher growth rate with exploration of new reserves and oilfields creating growth prospects, especially, in the Asia-Pacific and Middle-East regions.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include North America, South America, Asia Pacific, Africa, Europe and Middle East.
In North America, the United States holds the largest market and is led by companies such as Schlumberger, Baker Hughes, Superior Energy Services and Halliburton. On the basis of service types, the global markets for wireline services can be segmented as:
- Well intervention
The study provides a comprehensive view of the market competition by using Porter's Five Force Model and the impact of suppliers, buyers, new entrants, substitutes and the degree of competition. It also covers market share analysis by companies and provides detailed profiles of the leading players in the market such as Schlumberger, Halliburton, Baker Hughes, Casedhole Solutions, Nabors Industries Ltd., Pioneer Energy Services, Superior Energy Services, Inc., and Weatherford International Inc.
Wireline Services Market: By Application
- Wireline Logging
- Wireline Intervention
- Wireline Completion
Wireline Services Market: Regional Analysis
- North America
- South America
- Middle East
- Asia Pacific
Key Topics Covered:
1. Report Description
2. Global wireline services market estimates and forecasts, 2014 - 2020 (USD Billion)
4. Wireline Logging
5. Wireline Services Market: Regional analysis
6. Baker Hughes, Inc.
- Aker Solutions
- Baker Hughes, Inc.
- C&J Energy Services, Inc.
- FMC Technologies
- Halliburton Company
- Nabors Industries, Ltd.
- National Oilwell Varco Incorporated
- Pioneer Energy Services Corp.
- Schlumberger Limited
- Superior Energy Services, Inc.
- Weatherford International, Ltd.
For more information visit http://www.researchandmarkets.com/research/5k73mf/global_wireline
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SOURCE Research and Markets