FORT WORTH, Texas, May 11, 2015 /PRNewswire/ --
The wireline services market in North America was valued at $8,566.1 million in 2014, and is estimated to reach $9,985.1 by 2019, at a CAGR of 3.1% from 2014 to 2019.
Browse through the TOC of the North America Wireline Services Market to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of this market in the major regions, and is supported by various tables and figures.
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Technological developments have enabled exploration activities to be carried out for sources other than oil, such as shale gas, coal bed methane, and unconventional resources. These activities require sophisticated technologies such as multi-stage hydraulic fracturing of horizontal wells. To perform these fracturing techniques, accurate real-time information about reservoir temperature, pressure, and topology is required. These parameters are gathered by logging and other wireline services. Additionally, many other wireline services are required during completion operations. The U.S. is the leading country in the wireline services market with the maximum number of shale oil reserves.
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The U.S. held the largest share of 81% in 2014 within the North American wireline services market, followed by Canada (14%).
The market on the basis of type has been segmented into logging, intervention, and completion. On the other hand, it has been categorized into the U.S., Canada, and Mexico, based on country.
The European Wireline Services Market, valued at $1.41 billion in 2014, is projected to reach $2.39 billion by 2019, at a CAGR of 11.2%. The European market has a market share of 7.4% in the global market.
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