Rigless Intervention Systems Market –Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Global Rigless Intervention Systems Market is expected to grow at a steady pace during the forecast period, 2023-2028, owing to the increased exploration and production of onshore and offshore oil and gas reserves.
A well-intervention operation is carried out by utilizing tools and infrastructure that do not require a rig over the wellbore. Activities such as coiled tubing, slackline, and snubbing are frequently carried out as ringless operations.
Advances in 4D Seismic Survey Technologies are Driving the Global Rigless Intervention Systems Market.
One of the major market trends for rigless intervention services that are expected to have a beneficial effect on the sector during the forecast period is the development of 4D seismic survey technologies. The development of 4D seismic survey technologies is expected to aid in learning more about the oil still present in active oil fields and the exploration of additional regions. In order to obtain improved and more accurate information on the oil fields, seismic surveys are transitioning from three-dimensional (3D) seismic surveys to four-dimensional (4D) seismic surveys. The information is put to use to build a cube, including its height, breadth, and depth. The observed changes might be influenced by the location, temperature, and pressure, as well as the fluid saturation. Schlumberger uses 4D seismic survey technology and does analysis on it. The market under consideration will keep expanding in the coming years as technology develops and acquires speed in its acceptance. It is a monitoring method that, in comparison to 2D and 3D, gives images of the prospective reservoir that are of higher quality. Additionally, 4D seismic technology has the capacity to concurrently receive both the horizontal and vertical components of seismic waves in order to provide a deeper understanding of the characteristics of the rocks and fluid located beneath.
Increase in Oil and Gas Rig Count
The gradual increase in onshore and offshore drilling projects, particularly in the Gulf of Mexico region, is primarily responsible for the rise in rig counts. North America had 779 land oil and gas rigs as of April 2022. The total number of rigs in use worldwide as of May 2022, according to Baker Hughes International, is 1628. The increase in projects is a result of the crude oil prices stabilizing, which has enhanced the profit margin for drilling and production businesses. During the projection period, the market in focus is expected to grow as a result of an increase in rig count brought on by significant investments in the oil and gas sector.
Renewable Energy Impede the Market Growth
In the short and long term, renewable energy offers a huge potential to lower costs and dependence on fossil fuels. Despite ongoing pandemic-related supply chain issues, construction holdups, and record-high commodity prices for raw materials, annual renewable capacity additions reached a new record in 2021, increasing by 6% to approximately 295 GW. Fossil fuels, such as coal, oil, and gas, account for more than 75% of all greenhouse gas emissions and almost 90% of all carbon dioxide emissions, making them by far the biggest cause of climate change in the world. The science is very clear: emissions must be cut in half by 2030 and reach zero by 2050 in order to prevent the worst effects of climate change. To do this, we must stop relying on fossil fuels and start putting money into reliable, clean, accessible, and affordable alternative energy sources. The sun, wind, water, waste, and heat from the Earth are all abundant sources of renewable energy that replenish themselves naturally and emit little to no greenhouse gases or other air pollutants. More than 80% of the energy produced worldwide is still derived from fossil fuels, although cleaner energy sources are gaining popularity. Right now, renewable energy sources account for about 29% of electricity.
Market Segmentation
The Global Rigless Intervention Systems Market is segmented on the basis of type, location, application, end use, and technique. Based on type, the market is further bifurcated into shelf-stable creamers and refrigerated liquid creamers. Based on location, the market is split into offshore and onshore. Based on application, the market is further segmented into abandonment services, pre-installation services, and wireless services. Based on end-use, the market is divided into supermarkets/hypermarkets, convenience stores, and others. Based on technique, the market is divided into coiled tubing, hydraulic workover, and wireless.
Market Players
Major market players in the Global Rigless Intervention Systems Market are Acteon Group Ltd., Baker Hughes Co., EFC Group Ltd., Expro Group Holdings NV, Gulf Intervention Services DMCC, Halliburton Co., Helix Energy Solutions Group Inc., Oceaneering International Inc., Schlumberger Ltd., and Weatherford International Plc.
Recent Development
- Acteon Group Ltd. - The company offers rigless intervention services through systems such as Wellraizer Rigless Recovery System.
- Baker Hughes Co. - The company offers rigless intervention services through systems such as Mastiff rigless intervention system.
In this report, the Global Rigless Intervention Systems Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Rigless Intervention Systems Market, By Type:
- Shelf-Stable Creamers
- Refrigerated Liquid Creamers
- Global Rigless Intervention Systems Market, By Location:
- Offshore
- Onshore
- Global Rigless Intervention Systems Market, By Application:
- Abandonment Services
- Pre-Installation Services
- Wireline Services
- Global Rigless Intervention Systems Market, By End Use:
- Supermarkets/Hypermarkets
- Convenience Stores
- Other
- Global Rigless Intervention Systems Market, By Technique:
- Coiled Tubing
- Hydraulic Workover
- Wireless
- Global Rigless Intervention Systems Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Philippines
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Italy
- Belgium
- Netherlands
- Switzerland
- Spain
- South America
- Brazil
- Argentina
- Middle East
- Saudi Arabia
- South Africa
- Egypt
- UAE
- Israel
Company Profiles: Detailed analysis of the major companies present in the Global Rigless Intervention Systems Market.
With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Service Overview
- 2. Research Methodology
- 3. Impact of COVID-19 on Global Rigless Intervention Systems Market
- 4. Executive Summary
- 5. Voice of Customers
- 6. Global Rigless Intervention Systems Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type (Shelf-Stable Creamers, Refrigerated Liquid Creamers)
- 6.2.2. By Location (Offshore, Onshore)
- 6.2.3. By Application (Abandonment Services, Pre-Installation Services, Wireline Services)
- 6.2.4. By End Use (Supermarkets/Hypermarkets, Convenience Stores, Other)
- 6.2.5. By Technique (Coiled Tubing, Hydraulic Workover, Wireless)
- 6.2.6. By Region
- 6.2.7. By Company (2022)
- 6.3. Market Map
- 7. North America Rigless Intervention Systems Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Location
- 7.2.3. By Application
- 7.2.4. By End Use
- 7.2.5. By Technique
- 7.2.6. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Rigless Intervention Systems Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Location
- 7.3.1.2.3. By Application
- 7.3.1.2.4. By End Use
- 7.3.1.2.5. By Technique
- 7.3.2. Canada Rigless Intervention Systems Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Location
- 7.3.2.2.3. By Application
- 7.3.2.2.4. By End Use
- 7.3.2.2.5. By Technique
- 7.3.3. Mexico Rigless Intervention Systems Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Location
- 7.3.3.2.3. By Application
- 7.3.3.2.4. By End Use
- 7.3.3.2.5. By Technique
- 8. Asia-Pacific Rigless Intervention Systems Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Location
- 8.2.3. By Application
- 8.2.4. By End Use
- 8.2.5. By Technique
- 8.2.6. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Rigless Intervention Systems Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Location
- 8.3.1.2.3. By Application
- 8.3.1.2.4. By End Use
- 8.3.1.2.5. By Technique
- 8.3.2. India Rigless Intervention Systems Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Location
- 8.3.2.2.3. By Application
- 8.3.2.2.4. By End Use
- 8.3.2.2.5. By Technique
- 8.3.3. Japan Rigless Intervention Systems Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Location
- 8.3.3.2.3. By Application
- 8.3.3.2.4. By End Use
- 8.3.3.2.5. By Technique
- 8.3.4. South Korea Rigless Intervention Systems Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Location
- 8.3.4.2.3. By Application
- 8.3.4.2.4. By End Use
- 8.3.4.2.5. By Technique
- 8.3.5. Australia Rigless Intervention Systems Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Location
- 8.3.5.2.3. By Application
- 8.3.5.2.4. By End Use
- 8.3.5.2.5. By Technique
- 8.3.6. Singapore Rigless Intervention Systems Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Type
- 8.3.6.2.2. By Location
- 8.3.6.2.3. By Application
- 8.3.6.2.4. By End Use
- 8.3.6.2.5. By Technique
- 8.3.7. Malaysia Rigless Intervention Systems Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Type
- 8.3.7.2.2. By Location
- 8.3.7.2.3. By Application
- 8.3.7.2.4. By End Use
- 8.3.7.2.5. By Technique
- 8.3.8. Thailand Rigless Intervention Systems Market Outlook
- 8.3.8.1. Market Size & Forecast
- 8.3.8.1.1. By Value
- 8.3.8.2. Market Share & Forecast
- 8.3.8.2.1. By Type
- 8.3.8.2.2. By Location
- 8.3.8.2.3. By Application
- 8.3.8.2.4. By End Use
- 8.3.8.2.5. By Technique
- 8.3.9. Indonesia Rigless Intervention Systems Market Outlook
- 8.3.9.1. Market Size & Forecast
- 8.3.9.1.1. By Value
- 8.3.9.2. Market Share & Forecast
- 8.3.9.2.1. By Type
- 8.3.9.2.2. By Location
- 8.3.9.2.3. By Application
- 8.3.9.2.4. By End Use
- 8.3.9.2.5. By Technique
- 8.3.10. Philippines Rigless Intervention Systems Market Outlook
- 8.3.10.1. Market Size & Forecast
- 8.3.10.1.1. By Value
- 8.3.10.2. Market Share & Forecast
- 8.3.10.2.1. By Type
- 8.3.10.2.2. By Location
- 8.3.10.2.3. By Application
- 8.3.10.2.4. By End Use
- 8.3.10.2.5. By Technique
- 9. Europe Rigless Intervention Systems Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Location
- 9.2.3. By Application
- 9.2.4. By End Use
- 9.2.5. By Technique
- 9.2.6. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Rigless Intervention Systems Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Location
- 9.3.1.2.3. By Application
- 9.3.1.2.4. By End Use
- 9.3.1.2.5. By Technique
- 9.3.2. United Kingdom Rigless Intervention Systems Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Location
- 9.3.2.2.3. By Application
- 9.3.2.2.4. By End Use
- 9.3.2.2.5. By Technique
- 9.3.3. France Rigless Intervention Systems Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Location
- 9.3.3.2.3. By Application
- 9.3.3.2.4. By End Use
- 9.3.3.2.5. By Technique
- 9.3.4. Russia Rigless Intervention Systems Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Location
- 9.3.4.2.3. By Application
- 9.3.4.2.4. By End Use
- 9.3.4.2.5. By Technique
- 9.3.5. Spain Rigless Intervention Systems Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Offering
- 9.3.5.2.2. By Technology
- 9.3.5.2.3. By Application
- 9.3.6. Belgium Rigless Intervention Systems Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Type
- 9.3.6.2.2. By Location
- 9.3.6.2.3. By Application
- 9.3.6.2.4. By End Use
- 9.3.6.2.5. By Technique
- 9.3.7. Italy Rigless Intervention Systems Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Type
- 9.3.7.2.2. By Location
- 9.3.7.2.3. By Application
- 9.3.7.2.4. By End Use
- 9.3.7.2.5. By Technique
- 9.3.8. Turkey Rigless Intervention Systems Market Outlook
- 9.3.8.1. Market Size & Forecast
- 9.3.8.1.1. By Value
- 9.3.8.2. Market Share & Forecast
- 9.3.8.2.1. By Type
- 9.3.8.2.2. By Location
- 9.3.8.2.3. By Application
- 9.3.8.2.4. By End Use
- 9.3.8.2.5. By Technique
- 9.3.9. Switzerland Rigless Intervention Systems Market Outlook
- 9.3.9.1. Market Size & Forecast
- 9.3.9.1.1. By Value
- 9.3.9.2. Market Share & Forecast
- 9.3.9.2.1. By Type
- 9.3.9.2.2. By Location
- 9.3.9.2.3. By Application
- 9.3.9.2.4. By End Use
- 9.3.9.2.5. By Technique
- 9.3.10. Netherlands Rigless Intervention Systems Market Outlook
- 9.3.10.1. Market Size & Forecast
- 9.3.10.1.1. By Value
- 9.3.10.2. Market Share & Forecast
- 9.3.10.2.1. By Type
- 9.3.10.2.2. By Location
- 9.3.10.2.3. By Application
- 9.3.10.2.4. By End Use
- 9.3.10.2.5. By Technique
- 10. South America Rigless Intervention Systems Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Location
- 10.2.3. By Application
- 10.2.4. By End Use
- 10.2.5. By Technique
- 10.2.6. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Rigless Intervention Systems Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Location
- 10.3.1.2.3. By Application
- 10.3.1.2.4. By End Use
- 10.3.1.2.5. By Technique
- 10.3.2. Argentina Rigless Intervention Systems Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Location
- 10.3.2.2.3. By Application
- 10.3.2.2.4. By End Use
- 10.3.2.2.5. By Technique
- 11. Middle East & Africa Rigless Intervention Systems Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Location
- 11.2.3. By Application
- 11.2.4. By End Use
- 11.2.5. By Technique
- 11.2.6. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Rigless Intervention Systems Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By Location
- 11.3.1.2.3. By Application
- 11.3.1.2.4. By End Use
- 11.3.1.2.5. By Technique
- 11.3.2. South Africa Rigless Intervention Systems Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By Location
- 11.3.2.2.3. By Application
- 11.3.2.2.4. By End Use
- 11.3.2.2.5. By Technique
- 11.3.3. UAE Rigless Intervention Systems Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By Location
- 11.3.3.2.3. By Application
- 11.3.3.2.4. By End Use
- 11.3.3.2.5. By Technique
- 11.3.4. Israel Rigless Intervention Systems Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Type
- 11.3.4.2.2. By Location
- 11.3.4.2.3. By Application
- 11.3.4.2.4. By End Use
- 11.3.4.2.5. By Technique
- 11.3.5. Egypt Rigless Intervention Systems Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Offering
- 11.3.5.2.2. By Technology
- 11.3.5.2.3. By Application
- 12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
- 13. Market Trends & Developments
- 14. Company Profiles
- 14.1. Acteon Group Ltd.
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/Services
- 14.2. Baker Hughes Co
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. EFC Group Ltd
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Expro Group Holdings NV
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Gulf Intervention Services DMCC
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. Halliburton Co.
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. Helix Energy Solutions Group Inc.
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. Oceaneering International Inc.
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Schlumberger Ltd.
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. Weatherford International Plc
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
- 15. Strategic Recommendations
- 16. About Us & Disclaimer
Research Assistance
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