Wireline Services Market, by Service Type (Slick Line and E- Line), by Well Type (Open Hole and Cased Hole), by Application (Well Intervention, Logging, and Well Completion), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle Ea

Wireline Services Market, by Service Type (Slick Line and E- Line), by Well Type (Open Hole and Cased Hole), by Application (Well Intervention, Logging, and Well Completion), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Wireline services, also known as electrical cabling technology, is used in the gas and oil well industry for reservoir evaluation, pipe recovery activities, and intervention processes. Technological advancement in wireline are providing growth opportunity for the market. Constant advancement in telemetry and digital electronics have improved the tool accuracy and reliability, which helps to extend the tool operation to higher-pressure and higher-temperature environments, improved downhole processing, and enabled new slimhole designs. For instance, reservoir monitoring is one of the area, which have experience the significant advances with the development of new wire line tools.

Market Dynamics

Increasing demand for crude oil is one of the major factors driving growth of the wireline services worldwide. According to Coherent Market Insights, in 2021, the daily consumption of crude oil was 4.9 million barrels in 2021, in India and was projected to reach 7.5 million barrels by 2025. Increasing demand for crude oil is influencing oil production companies to drill new wells, so as to meet rising demand for oil. This in turn, is increasing drilling activities for new oil wells, thus boosting growth of the wireline services market. Moreover, volatile prices of oil and gas is a major factor restraining growth of the market. For instance, in 2019 according to Organization of the Petroleum Exporting Countries (OPEC), average annual crude oil price was US$ 71.34/barrel in 2020 and in 2021 it was US$ 64.3/ barrel. The unexpected price fluctuations are reducing revenue regenerated by companies, in turn, hindering growth of the global wireline services market.

Key features of the study:

• This report provides an in-depth analysis of global wireline services market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global wireline services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Allied-Horizontal Wireline Services LLC., Archer Limited, Baker Hughes, C&J Energy Services Inc., China Oilfield Services Limited, Emerson, FMC Technologies Inc., GE Oil & Gas Corporation, Halliburton Company, National Oilwell Varco, Petrofac, Pioneer Energy Services Corporation, Schlumberger Limited, Siemens, Superior Energy Services Inc., Weatherford International, Weir Oil and Gas and Weltec.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global wireline services market report caters to various stakeholders in this industry including investors, suppliers, Wireline Services manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wireline services market

Detailed Segmentation:

• Global Wireline Services Market, By Service Type:
• Slick Line
• E- Line
• Global Wireline Services Market, By Well Type:
• Open Hole
• Cased Hole
• Global Wireline Services Market, By Application:
• Well Intervention
• Logging
• Well Completion
• Global Wireline Services Market, By Region:
• North America
• By Country:
• U.S
• Canada
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country:
• Germany
• U.K
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• By Country/Region:
• Middle East
• Africa
• Company Profiles
• Allied-Horizontal Wireline Services LLC.
• Company Overview
• Product Portfolio
• Key Strategies
• Recent Developments
• Future Plans
• Archer Limited
• Baker Hughes
• C&J Energy Services Inc.
• China Oilfield Services Limited
• Emerson
• FMC Technologies Inc.
• GE Oil & Gas Corporation
• Halliburton Company
• National Oilwell Varco
• Petrofac
• Pioneer Energy Services Corporation
• Schlumberger Limited
• Siemens
• Superior Energy Services Inc.
• Weatherford International
• Weir Oil and Gas
• Weltec

“*” marked represents similar segmentation in other categories in the respective section