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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Wireline Services Market Growth
Continuous Discoveries of New Oilfields is Driving the Market of Wireline Services
The oil industry went through a sharp downturn after the 2014 oil price-shock. Since then, the market has come a long way and has stabilized significantly due to a healthy demand-supply curve obtained in the subsequent years. Continuous discoveries of new oilfields and increased exploration activities has been the major driver for the increasing wireline services demand. The electric line segment accounted for the largest market share in terms of type and is expected to grow rapidly during the forecast period. This can be attributed largely to the wide application of electric line for well logging purposes which are helpful for reservoir understanding. The offshore segment is expected to grow at the fastest rate in terms of location of deployment during the forecast period, owing to use of wireline services for well service and completion applications. Discovery and exploitation of newer offshore sites in the Asia Pacific and African regions is expected to drive the market in the forecast period.
Wireline Services Market Report Snapshots
Wireline Services Market Growth
Wireline Services Market Trends
Wireline Services Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global wireline services market attained a value of nearly USD 11.14 billion.
The market is projected to grow at a CAGR of 3.3% between 2024 and 2032.
The major drivers of the market include the wide application of electric line, rising activities for shale oil, oil sands, and carbonate rocks, technological developments, rising requirement to maintain and boost the recovery rates, increasing drilling and completion activities, and increasing energy demand.
The key trends aiding the market growth include the increasing discoveries of new oilfields and increasing exploration activities by key players.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various wireline types considered in the market report are electric line and slick line.
Intervention, logging, and completion are the several service types considered in the market report.
The major hole types considered in the market report are open hole and cased hole.
The significant locations of deployment considered in the market report are onshore and offshore.
The major players in the market are Baker Hughes Company, Weatherford International plc, Schlumberger Limited, Archer Ltd, Expro Group, and Pioneer Energy Services Corp., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124