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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 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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wireline Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Wireline Services Historical Market (2018-2023)
8.3 Global Wireline Services Market Forecast (2024-2032)
8.4 Global Wireline Services Market by Wireline Type
8.4.1 Electric Line
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Slick Line
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Wireline Services Market by Service Type
8.5.1 Intervention
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Logging
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Completion
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Wireline Services Market by Hole Type
8.6.1 Open Hole
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Cased Hole
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Wireline Services Market by Location of Deployment
8.7.1 Onshore
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Offshore
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Wireline Services Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Wireline Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Wireline Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Wireline Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Wireline Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Wireline Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Baker Hughes Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Weatherford International plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Schlumberger Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Archer Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Expro Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Pioneer Energy Services Corp.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wireline Services Market: Key Industry Highlights, 2018 and 2032
2. Global Wireline Services Historical Market: Breakup by Wireline Type (USD Billion), 2018-2023
3. Global Wireline Services Market Forecast: Breakup by Wireline Type (USD Billion), 2024-2032
4. Global Wireline Services Historical Market: Breakup by Service Type (USD Billion), 2018-2023
5. Global Wireline Services Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
6. Global Wireline Services Historical Market: Breakup by Hole Type (USD Billion), 2018-2023
7. Global Wireline Services Market Forecast: Breakup by Hole Type (USD Billion), 2024-2032
8. Global Wireline Services Historical Market: Breakup by Location of Deployment (USD Billion), 2018-2023
9. Global Wireline Services Market Forecast: Breakup by Location of Deployment (USD Billion), 2024-2032
10. Global Wireline Services Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Wireline Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Wireline Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Wireline Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Wireline Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Wireline Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Wireline Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Wireline Services Market Structure
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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