Press Release

What are the Latest Trends in Wireline Services Market

Top Players in Wireline Service Market are Archer - the well company, Baker Hughes, a GE company, Basic Energy Services, COSL - China Oilfield Services Limited, Schlumberger, Superior Energy Services, FMC TechnologiesM, Halliburton, Weir Oil and Gas, Emerson, National Oilwell Varco, Siemens, Schneider Electric

The global wireline service market is likely to grow in the coming years with impetus from a rise in the number of gas and oil exploration activities that have been taking place across the globe. According to a report published by Fortune Business Insights, titled, “Wireline Services: Global Market Analysis, Insights, And Forecast, 2018-2026”, the global wireless services market is projected to reach US$ 14,359.22 Mn by the End of 2026. Fortune Business Insights has predicted that the market will rise from its 2018 valuation of US$ 9,778.72 Mn at a CAGR of 4.92%.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/wireline-services-market-100480

There has been increasing production of shale gas at offshore locations. Also, deep wells are drilled at a fast pace. These two factors are mainly anticipated to boost the global wireline service market throughout the forecast period.

Ability to Determine the State of Cement Likely to Boost Cased Hole Segment

The report classifies the global wireline service market into five segments, namely, by application, by service, by well type, by geography, and by location. By application, the market is further divided into well completion, well logging, and well intervention. By service, the market is grouped into slick line and electric line. Electric line segment has recently become the most popular one because they serve the purpose of avoiding capital wastage and in turn, improves efficiency of exploration.

Thus, the segment is projected to drive the market in the coming years. In terms of well type, the market is classified into cased hole and open hole. The global wireline service market will be dominated by the cased hole segment by the end of 2026. This is likely to occur because cased hole offers several advantages, such as determining corrosion, perforation, and the state of cement. Onshore and offshore are the two divisions of the location segment.

Rise in Demand for Wireline Services to Create Growth Opportunities in North America

Geographically, the global wireline service market is divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. Amongst these regions, the U.S. currently holds the major share of the global wireline service market. The region is followed by countries of the Middle East and China. North America held the largest share of wireline service market in 2018 and the region is projected to witness notable growth during the forecast period.

This is mainly because of the boom in shale gas in the U.S.A. which has resulted in an increasing demand for wireline services. Moreover, North America has planned numerous drilling projects that are yet to take place in Canada and the U.S.A. throughout the forecast period. All these factors are anticipated to lead the region in the wireline service market.

BASF, Halliburton, and Other Key Players’ Focus on Strategic Investments and Product Launches to Favor Growth

Trump administration released a plan in April 2019 to open more than one million acres of private and public land in California. The lands will be used for fracking and oil drilling. This initiative is anticipated to propel the wirelines services market. The plan would end a five-year moratorium on renting federal land in California. BASF, a German chemical company with its rival DEA, merged a deal to form the largest independent gas and oil company in Europe in May 2019.

This is likely to increase the number of oil and gas exploration activities in and around Europe, and in turn, will help the wireline service market to grow. Halliburton, an American multinational corporation, launched their new product called Elect frac sleeve in April 2019. The product allows unlimited stage count in multistage fracturing operations. It is a monobore sleeve solution.

Sample PDF Brochure https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wireline-services-market-100480

Top Players

  • Archer – the well company
  • Baker Hughes
  • GE
  • Basic Energy Services
  • COSL – China Oilfield Services Limited
  • Schlumberger
  • Superior Energy Services
  • FMC Technologies
  • Halliburton
  • Weir Oil and Gas
  • Emerson
  • National Oilwell Varco
  • Siemens
  • Schneider Electric

Table of Content

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1. Key Emerging Trends – For Major Countries

4.2. Key Developments: Mergers, Acquisition, Partnership, etc.

4.3. Latest Technological Advancement

4.4. Insights on Regulatory Scenario

4.5. Porters Five Forces Analysis

  1. Global wireline service market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings

5.2. Market Analysis, Insights and Forecast – By Service

5.2.1. Slick Line

5.2.2. Electric Line

5.3. Market Analysis, Insights and Forecast – By Well Type

5.3.1. Open Hole

5.3.2. Cased Hole

5.4. Market Analysis, Insights and Forecast – By Application

5.4.1. Wireline Completion

5.4.2. Wireline Intervention

TOC Continued…!

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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