About Wireline Services
Wireline services are used in oil & gas industry for lowering measurement equipment into the well for intervention process, reservoir evaluation, & pipe recovery activities. It is basically electrical cabling technology used by the well operators for performing wide-ranging activities in Oil & Gas industry like exploration, drilling, stimulation, completion, & intervention. Since production activities are increasing in the industry, wireline services market is growing rapidly. The wireline services help the companies in keeping the oil & gas production operations economical in terms of time & cost.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as maintaining product uniqueness, offering attractive discounts, mergers with related organizations, alliances with different companies to increase sales area globally and others. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Wireline Services market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schlumberger Limited (United States), Halliburton Company (United States), Baker Hughes Incorporated (United States), Weatherford International PLC (Switzerland), Superior Energy Services (United States), Archer (Norway), Expro Group (United Kingdom), C&J Energy Services Inc. (United States) and Pioneer Energy Services Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Basic Energy Services (United States), China Oilfield Services Limited (China) and FMC Technologies Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Wireline Services market by Type (Electric Line and Slick Line), Application (Onshore and Offshore) and Region.
On the basis of geography, the market of Wireline Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Wireline Logging will boost the Wireline Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hole, the sub-segment i.e. Cased Hole will boost the Wireline Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancements to maintain break-even of oil & gas prices
Market Growth Drivers:
upsurge in drilling and oil production activities and Increasing demand for oil and gas in automotive industry
Restraints:
Increasing focus on substitutes like renewable energy resources and High infrastructural cost
Opportunities:
Growing adoption of advanced drilling strategy and Rising energy demand of the growing population
Archer signed a contract with repsol SA in September 2017, according to this contract Archer will provide the services related to perforating, washing, and cementing operation, wireline operations, and downhole mechanical bridge plugs.
Key Target Audience
Manufacturer, Sub-component manufactures, Channel partners, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.