Wireline Logging Services Industry 2020 Global Market Research Report Studies The Latest Wireline Logging Services Industry aspects Market Share, Business Growth, Size, Trends, Demands, Business Overview and Wireline Logging Services Industry Scenario During the Forecast 2024
Market Analysis
Wireline logging services are an array of tools and instruments for measuring formations prior to drilling and production. Rise in offshore exploration and production activities are likely to affect the services. The global wireline logging services market report by Market Research Future (MRFR) provides an unbiased view of the industry as well as estimating revenue and growth projections for the period of 2019 to 2024 (forecast period). The COVID-19 pandemic and the impact on the industry are likely to impact the industry.
Market Scope
The global Wireline Logging Services Market is expected to grow at 9.40% CAGR during the forecast period. This can be attributed to the efficiency and uninterrupted disruptions during production and extraction of oil and other gases. The massive demand for logging, new technologies in shale gas exploration, and rise in horizontal wells can drive the global market demand till 2024.
The huge demand for energy and the rapid pace of industrialization can fuel the market growth. Resurgence of field service activities and investments in exploration of minerals, oil & gas, and geothermal resources can bode well for the market till the end of the forecast period. Influence of new technology and new energy standards as well as assessment of formations, reservoirs, and placements of wells in reservoirs can provide new growth opportunities.
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Competitive Outlook
Casedhole Solutions, Halliburton, Pioneer Energy Services, Schlumberger, Superior Energy Services, Baker Hughes, Expro International Group Holdings Ltd, Oilserv, Weatherford International Inc., and Nabors Industries ltd. are key players of the global wireline logging services market.
Segmentation
The global wireline logging services market has been segmented by hole type and wireline type. On the basis of hole type, the market has been segmented into cased hole type and open hole type. The open hole type segment dominates the market due to its ability to withstand high temperatures in ultra-deep waters. On the other hand, the cased hole segment is likely to generate returns owing to procurement of measurements during operations.
By wireline, it is divided into E-line and slickline. The former is likely to capture a large share of the global wireline logging services market share owing to the use of electric cables for transmitting real-time data to the surface. On the flipside, the slickline segment can provide enhanced safety and cost savings during operations. It can control sliding sleeves providing access to zones.
Regional Analysis
Europe is expected to lead in the market owing to huge reserves of crude oil and gas reserves in Russia. The use of special technologies for drilling and exploration of resources as well as rising demand for energy can drive the demand for wireline logging services. Redevelopment of wells and viability of offshore drilling at various depths and estimation of hydrocarbon volumes can bode well for regional market growth. Contracts and new deals between oil producers and equipment manufacturers can have a positive impact on the market as well.
North America is expected to capture a large market share during the forecast period owing to potential in recoverable resources. The huge demand in Brazil, India, and other developing economies can ensure the flourishing of the global wireline logging services market.
Table of Content
- Industry Overview
- Major Segmentation, classification, Application ect
- Production Market Analysis
- Sales Wireline Logging Services Market Market Analysis
- Consumption Market Analysis
- Production, Sales and Consumption Market Comparison Analysis
- Competition Analysis by Players
- Marketing Channel Analysis
- New Project Investment Feasibility Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis Distributors/Treads
- Global and Regional Wireline Logging Services Market Market Forecast
- Wireline Logging Services Market dynamics
- Market Effect Factors Analysis
- Conclusion
- Research Methodology
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