Wireline Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Wireline Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global wireline services market size reached US$ 11.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028.

Wireline services are used for lowering measuring devices or equipment into a well for reservoir evaluation, well intervention, and pipe recovery purposes. They employ cabling technology to obtain valuable and actionable real-time data to maximize the understanding of reservoirs and guide critical decisions. These services assist in identifying downhole issues, detecting bypassed production, and providing accurate assessments to ensure maximum recovery of reserves. Moreover, they help reduce the overall costs by eliminating the need for maintenance and non-operational rig downtime. In recent years, wireline services have gained traction in the oil and gas industry for various activities, including exploration, drilling, stimulation, completion and intervention, due to their cost-effectiveness, high data speed and advanced communication technology.

Wireline Services Market Trends:
Wireline services offer several advantages, such as evaluating rock properties, sample recovery, information gathering for pore size, and pressure gathering for production fluid formation. As a result, the expanding oil and gas sector and the rising exploration, production and completion activities represent the primary factors driving the market growth. Additionally, since the production life of offshore oil and gas reservoirs is higher than onshore oil and gas reservoirs, there has been a significant shift toward offshore exploration and production (E&P) activities. This, in confluence with the implementation of favorable government policies, is propelling the market growth. Besides this, the growing popularity of electric wireline services for well logging purposes is catalyzing the product demand. Furthermore, with the discovery of oil and gas fields, the key players are heavily investing in offshore assets to enhance the overall productivity, lifecycle of the well, and reservoir performance, which in turn is accelerating the adoption of wireline services. Other factors, including the increasing deepwater and shallow water drilling activities, escalating demand for energy, product innovations, and technological advancements, are also creating a positive market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wireline services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on wireline type, service type, hole type and application.

Breakup by Wireline Type:

Electric Line
Slickline

Breakup by Service Type:

Completion
Intervention
Logging

Breakup by Hole Type:

Open Hole
Cased Hole

Breakup by Application:

Onshore
Offshore

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer Limited, Baker Hughes Company, Expro Group, Halliburton Company, NexTier Oilfield Solutions Inc., NOV Inc., OiLSERV, Pioneer Energy Services Corp., Schlumberger Limited, SGS SA, Superior Energy Services Inc. and Weatherford International plc.

Key Questions Answered in This Report:
How has the global wireline services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wireline services market?
What are the key regional markets?
What is the breakup of the market based on the wireline type?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the hole type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wireline services market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wireline Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Wireline Type
6.1 Electric Line
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Slickline
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Type
7.1 Completion
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Intervention
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Logging
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Hole Type
8.1 Open Hole
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cased Hole
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Onshore
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Offshore
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Archer Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Baker Hughes Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Expro Group
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Halliburton Company
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 NexTier Oilfield Solutions Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 NOV Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 OiLSERV
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Pioneer Energy Services Corp.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 Schlumberger Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SGS SA
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Superior Energy Services Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Weatherford International plc
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings