Wireline Services Market: 2019 Global Industry Size, Share, Trends, Growth Application, Emerging Demand And Opportunity Forecast To 2023
Market Research Future Published Research Report on Global Wireline Services Market Research Report.
Market Scenario:
Wireline is a cabling service used by oil and gas wells operators for lowering equipment down the well to perform variety of operations such as well intervention, pipe recovery, reservoir evaluation, and others. The global wireline services market is expected to generate a CAGR of 9.5 % during the forecast period ending 2027.
Market Dynamics:
The development of offshore oil platforms coupled with the geographical expansion of oil industry is the critical driver of the market. The development of shale oil reserves in Latin America, U.S. Canada and other nations is critical commercial driver of the market. The growing energy demands of the world due to industrialization; population growth and others are demand led drivers of the global wireline services market.
Technological advancements such as the development of fibre optic sensing technology, acoustic, nuclear and correlation measurements technologies and development of advanced analytics is driving the market. Optical fibre technology is fast replacing traditional wireline copper infrastructure due to advantages such as higher bandwidth, ability to transmit huge quantities of data over long distances, cheaper than copper wires and low noise and interference.
Access Report Details @ https://www.marketresearchfuture.com/reports/wireline-services-market-1039
Restraints
The downswing in the oil & gas industry post April 2014 following persistent and seismic oil price decline coupled with the geopolitical uncertainty is threatening the growth of the market. However, the gradual stabilization in the prices in recent times due to supply demand balance and other macro-economic factors is expected to cut short the bear time of the market. These factors are expected to negate the fall in oil prices and result in favourable market for upstream services.
Segments:
To generate a detailed understanding of the wire line services, market the report has been segmented based on
Application - completion, intervention and logging.
Type - E- lines and slicklines.
Well type - cased wells and open wells.
Location – offshore and onshore.
Regional Analysis:
North America accounts for the largest market share of the wireline services market followed by Asia-Pacific and South America region. The development of shale in the U.S. and Canada is expected to drive a faster growth of the market after a period of stagnancy.
Middle East and Asia-Pacific regions are anticipated to be the fastest growing market owing to growing economic clout and industrialization. Malaysia, Australia, and Indonesia are key markets in the Asia-Pacific region with a large opportunity due to discoveries of oil in the South China Sea. Other Asian countries providing opportunities are Turkmenistan, Kazakhstan and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Company Name: Market Research Future
Email: sales@marketresearchfuture.com
Address: Market Research Future Office No. 528,
Amanora Chambers Magarpatta, Road, Pune, India.,
Phone: +1 646 845 9312
Market Scenario:
Wireline is a cabling service used by oil and gas wells operators for lowering equipment down the well to perform variety of operations such as well intervention, pipe recovery, reservoir evaluation, and others. The global wireline services market is expected to generate a CAGR of 9.5 % during the forecast period ending 2027.
Market Dynamics:
The development of offshore oil platforms coupled with the geographical expansion of oil industry is the critical driver of the market. The development of shale oil reserves in Latin America, U.S. Canada and other nations is critical commercial driver of the market. The growing energy demands of the world due to industrialization; population growth and others are demand led drivers of the global wireline services market.
Technological advancements such as the development of fibre optic sensing technology, acoustic, nuclear and correlation measurements technologies and development of advanced analytics is driving the market. Optical fibre technology is fast replacing traditional wireline copper infrastructure due to advantages such as higher bandwidth, ability to transmit huge quantities of data over long distances, cheaper than copper wires and low noise and interference.
Access Report Details @ https://www.marketresearchfuture.com/reports/wireline-services-market-1039
Restraints
The downswing in the oil & gas industry post April 2014 following persistent and seismic oil price decline coupled with the geopolitical uncertainty is threatening the growth of the market. However, the gradual stabilization in the prices in recent times due to supply demand balance and other macro-economic factors is expected to cut short the bear time of the market. These factors are expected to negate the fall in oil prices and result in favourable market for upstream services.
Segments:
To generate a detailed understanding of the wire line services, market the report has been segmented based on
Application - completion, intervention and logging.
Type - E- lines and slicklines.
Well type - cased wells and open wells.
Location – offshore and onshore.
Regional Analysis:
North America accounts for the largest market share of the wireline services market followed by Asia-Pacific and South America region. The development of shale in the U.S. and Canada is expected to drive a faster growth of the market after a period of stagnancy.
Middle East and Asia-Pacific regions are anticipated to be the fastest growing market owing to growing economic clout and industrialization. Malaysia, Australia, and Indonesia are key markets in the Asia-Pacific region with a large opportunity due to discoveries of oil in the South China Sea. Other Asian countries providing opportunities are Turkmenistan, Kazakhstan and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Company Name: Market Research Future
Email: sales@marketresearchfuture.com
Address: Market Research Future Office No. 528,
Amanora Chambers Magarpatta, Road, Pune, India.,
Phone: +1 646 845 9312
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