DALLAS, June 22, 2015 /PRNewswire/ --
The report "Wireline Services Market by Application (Onshore & Offshore), Type (E-Line & Slick Line), Services (Completion, Intervention & Logging), Hole Type (Cased Hole & Open Hole) & by Region - Global Trends & Forecast to 2020'’, published by MarketsandMarkets, Wireline Services Market is projected to reach $14.84 Billion by 2020, at a CAGR of approximately 6.5% from 2015 to 2020.
Browse 71 market data Tables and 27 Figures spread through 150 Pages and in-depth TOC on "Wireline Services Market"
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The market report defines and segments the Wireline Services Market with analysis and forecast of the global E&P revenue and applications. It also identifies driving and restraining factors for the Wireline Services Market, with an analysis of trends, opportunities, burning issues, and winning imperatives.
The market has been segmented and the market sizes have been projected on the basis of regions, such as North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Wireline Services Market is projected to reach $14.84 Billion by 2020, at a CAGR of approximately 6.5% from 2015 to 2020.
Key countries have been covered and projected for each region. Further, the market is segmented on the basis of major services, wireline types, applications, and hole types. North America- Wireline Services Market size in terms of value is expected to account for the largest market share in the next five years
North America is the largest market for wireline services. The region has been experiencing rapid increase in its oil and gas production levels since the last 10 years and accounted for more than 40% of the total market in 2014. The region is expected to grow further during the forecast period, which can be attributed to the continued production related activities within the region.
Electric Line - Major Wireline type for the Wireline Services Market
Wireline services, on the basis of wireline type, are categorized into two primary segments: Electric line and Slick line. The major market is captured by Electric line wireline type which uses an inner core of insulated wires within a braided wireline to transmit electrical signals between the surface equipment and the down-hole tools. The high market share of the Electric line wireline types can be attributed to its usage in well logging services. The key driver for the market is the versatile use of wireline services along with the increasing oil and gas production.
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