HOME Top Market Reports Wireline Services Market by Application (Onshore & Offshore), Type (Electricline & Slickline), Services (Completion, Intervention, & Logging), Hole Type (Cased Hole & Open Hole), and Region - Global Forecasts to 2021

Wireline Services Market by Application (Onshore & Offshore), Type (Electricline & Slickline), Services (Completion, Intervention, & Logging), Hole Type (Cased Hole & Open Hole), and Region - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: EP 3514

 

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The global wireline services market is estimated to be USD 8.26 Billion in 2016, and is expected to grow at a CAGR of 2.1% from 2016 to 2021. Increasing oil production and aging reservoirs are major factors driving the wireline services market.

The years considered for the study are as follows:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global wireline services market by wireline type, service, hole type, application, and region
  • To provide detailed information regarding major factors influencing the growth of the wireline services market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the wireline services market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the wireline services market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global artificial lift market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players that provide wireline services
  • Analysis of major applications of and demand for wireline services for oil & gas operators
  • Assessment of future trends and growth of onshore and offshore applications
  • Assessment of the wireline services market with respect to the wireline type and service used for different applications
  • Study of market trends in various regions/countries supported by various types of wireline services used for onshore and offshore applications
  • Study of contracts and developments related to the wireline services market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies providing wireline services across the globe  

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Wireline Services Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global wireline services market starts with the production and manufacturing of iron and steel. The manufactured parts are then assembled by the oilfield service providers to form wireline systems, which are then tested. This stage is followed by supply of the wireline systems to the oilfield operator companies.

Wireline Services Market

Target Audience:

The report’s target audience includes:

  • Oilfield service companies
  • Exploration and production companies
  • Wireline tools and equipment manufacturers
  • Oil & gas field operators
  • National Oil Companies (NOCs)
  • Government and research organizations
  • Consulting companies of the energy and power sector
  • Power and energy associations
  • Investment banks

Scope of the Report:

  • By Wireline Type
    • Electricline
    • Slickline
  • By Service
    • Completion
    • Well Intervention
    • Logging
  • By Hole Type
    • Cased-Hole
    • Open Hole
  • By Application
    • Onshore
    • Offshore
  • By Region
    • North America
    • Asia-Pacific
    • Europe
    • Middle East
    • Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Segment Analysis

Further segmental split of wireline services into shallow water and deep water regions under offshore applications

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered: Wireline Services Market
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation Methodology
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)
    3.1 Introduction
    3.2 Historical Backdrop, Evolution, & Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 33)
    4.1 North America is Expected to Hold the Largest Market During the Forecast Period
    4.2 Wireline Services Market, By Application
    4.3 Wireline Services Market, By Service
    4.4 Wireline Services Market, By Wireline Type
    4.5 North America Wireline Services Market

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Introduction
           5.2.2 By Application
                    5.2.2.1 Onshore
                    5.2.2.2 Offshore
           5.2.3 By Service
                    5.2.3.1 Well Completion
                    5.2.3.2 Well Intervention
                    5.2.3.3 Well Logging
           5.2.4 By Wireline Type
                    5.2.4.1 Electric Line
                    5.2.4.2 Slickline
           5.2.5 By Hole Type
                    5.2.5.1 Cased-Hole
                    5.2.5.2 Open Hole
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Aging Reservoirs
                    5.3.1.2 Increasing Oil Production
                    5.3.1.3 Lifting of Iranian Oil Export Sanctions
           5.3.2 Restraints
                    5.3.2.1 Declining Oil Spending Due to Low Crude Oil Prices
                    5.3.2.2 Increasing Focus on Renewable Energy
                               5.3.2.2.1 Solar
                               5.3.2.2.2 Wind
           5.3.3 Opportunities
                    5.3.3.1 New Oilfield Discoveries
                    5.3.3.2 Technological Advancements
           5.3.4 Challenges
                    5.3.4.1 Regulatory Issues Regarding E&P Activities
    5.4 Impact of Oil Price Decline
           5.4.1 Value Chain Analysis

6 Wireline Services Market, By Application (Page No. - 49)
    6.1 Introduction
    6.2 Onshore
    6.3 Offshore

7 Wireline Services Market, By Wireline Type (Page No. - 53)
    7.1 Introduction
    7.2 Electric Line
    7.3 Slickline

8 Wireline Services Market, By Service (Page No. - 57)
    8.1 Introduction
    8.2 Well Logging
    8.3 Well Intervention
    8.4 Well Completion

9 Wireline Services Market, By Hole Type (Page No. - 61)
    9.1 Introduction
    9.2 Cased-Hole
    9.3 Open Hole

10 Wireline Services Market, By Region (Page No. - 64)
     10.1 Introduction
     10.2 North America
             10.2.1 By Hole Type
             10.2.2 By Wireline Type
             10.2.3 By Application
             10.2.4 By Service
             10.2.5 By Country
                        10.2.5.1 U.S.
                        10.2.5.2 Canada
                        10.2.5.3 Mexico
     10.3 Asia-Pacific
             10.3.1 By Hole Type
             10.3.2 By Wireline Type
             10.3.3 By Application
             10.3.4 By Service
             10.3.5 By Country
                        10.3.5.1 China
                        10.3.5.2 Thailand
                        10.3.5.3 Indonesia
                        10.3.5.4 India
                        10.3.5.5 Australia
                        10.3.5.6 Malaysia
                        10.3.5.7 Vietnam
                        10.3.5.8 Rest of Asia-Pacific
     10.4 Europe
             10.4.1 By Hole Type
             10.4.2 By Wireline Type
             10.4.3 By Application
             10.4.4 By Service
             10.4.5 By Country
                        10.4.5.1 Russia
                        10.4.5.2 The Netherlands
                        10.4.5.3 Norway
                        10.4.5.4 U.K.
                        10.4.5.5 Poland
                        10.4.5.6 Rest of Europe
     10.5 Middle East
             10.5.1 By Hole Type
             10.5.2 By Wireline Type
             10.5.3 By Application
             10.5.4 By Service
             10.5.5 By Country
                        10.5.5.1 UAE
                        10.5.5.2 Oman
                        10.5.5.3 Qatar
                        10.5.5.4 Saudi Arabia
                        10.5.5.5 Iran
                        10.5.5.6 Kuwait
                        10.5.5.7 Rest of Middle East
     10.6 Africa
             10.6.1 By Hole Type
             10.6.2 By Wireline Type
             10.6.3 By Application
             10.6.4 By Service
             10.6.5 By Country
                        10.6.5.1 Algeria
                        10.6.5.2 Angola
                        10.6.5.3 Egypt
                        10.6.5.4 Libya
                        10.6.5.5 Nigeria
                        10.6.5.6 Rest of Africa
     10.7 South America
             10.7.1 By Hole Type
             10.7.2 By Wireline Type
             10.7.3 By Application
             10.7.4 By Service
             10.7.5 By Country
                        10.7.5.1 Argentina
                        10.7.5.2 Brazil
                        10.7.5.3 Colombia
                        10.7.5.4 Ecuador
                        10.7.5.5 Trinidad & Tobago
                        10.7.5.6 Peru
                        10.7.5.7 Venezuela
                        10.7.5.8 Rest of South America

11 Competitive Landscape (Page No. - 106)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Situation & Trends
     11.4 Market Developments
             11.4.1 Key New Product Developments
             11.4.2 Key Contracts & Agreements
             11.4.3 Key Expansions
             11.4.4 Key Merger & Acquisitions
             11.4.5 Other Developments, 2013–2016

12 Company Profiles (Page No. - 123)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     12.1 Introduction
     12.2 Schlumberger Limited
     12.3 Halliburton Company
     12.4 Baker Hughes Incorporated
     12.5 Weatherford International PLC.
     12.6 Superior Energy Services, Inc.
     12.7 Pioneer Energy Services Corp.
     12.8 C&J Energy Services Ltd.
     12.9 Expro International Group Holding Ltd.
     12.10 Archer Limited
     12.11 National Oilwell Varco, Inc.
     12.12 Basic Energy Services, Inc.
     12.13 Oilserv
     12.14 Wireline Engineering Ltd.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 156)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (89 Tables)

Table 1 Investment in Renewable Energy, By Sector, 2015
Table 2 Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 3 Onshore: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 4 Offshore: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 5 Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 6 Electric Line: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 7 Slickline: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 8 Electric Line: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 9 Slickline: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 10 Wireline Services Market Size, By Service, 2014-2021 (USD Million)
Table 11 Well Logging: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 12 Well Intervention: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 13 Well Completion: Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 14 Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 15 Cased-Hole: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 16 Open Hole: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 17 Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Table 18 North America: Wireline Services Market Size, By Country, 2014–2021 (USD Million)
Table 19 North America: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 20 North America: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 21 North America: Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 22 North America: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 23 U.S.: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 24 Canada: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 25 Mexico: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 26 Asia-Pacific: Wireline Services Market Size, By Country, 2014–2021 (USD Million)
Table 27 Asia-Pacific: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 28 Asia-Pacific: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 29 Asia-Pacific: Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 30 Asia-Pacific: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 31 China: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 32 Thailand: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 33 Indonesia: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 34 India: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 35 Australia: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 36 Malaysia: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 37 Vietnam: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 38 Rest of Asia-Pacific: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 39 Europe: Wireline Services Market Size, By Country, 2014–2021 (USD Million)
Table 40 Europe: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 41 Europe: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 42 Europe: Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 43 Europe: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 44 Russia: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 45 The Netherlands: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 46 Norway: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 47 U.K.: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 48 Poland: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 49 Rest of Europe: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 50 Middle East: Wireline Services Market Size, By Country, 2014–2021 (USD Million)
Table 51 Middle East: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 52 Middle East: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 53 Middle East: Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 54 Middle East: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 55 UAE: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 56 Oman: Wireline Services By Market Size, By Service, 2014–2021 (USD Million)
Table 57 Qatar: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 58 Saudi Arabia: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 59 Iran: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 60 Kuwait: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 61 Rest of Middle East: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 62 Africa: Wireline Services Market Size, By Country, 2014–2021 (USD Million)
Table 63 Africa: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 64 Africa: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 65 Africa: Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 66 Africa: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 67 Algeria: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 68 Angola: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 69 Egypt: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 70 Libya: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 71 Nigeria: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 72 Rest of Africa: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 73 South America: Wireline Services Market Size, By Country, 2014–2021 (USD Million)
Table 74 South America: Wireline Services Market Size, By Hole Type, 2014–2021 (USD Million)
Table 75 South America: Wireline Services Market Size, By Wireline Type, 2014–2021 (USD Million)
Table 76 South America: Wireline Services Market Size, By Application, 2014–2021 (USD Million)
Table 77 South America: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 78 Argentina: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 79 Brazil: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 80 Colombia: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 81 Ecuador: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 82 Trinidad & Tobago: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 83 Peru: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 84 Venezuela: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 85 Rest of South America: Wireline Services Market Size, By Service, 2014–2021 (USD Million)
Table 86 Key New Product Developments, 2015–2016
Table 87 Key Contracts & Agreements, 2015–2016
Table 88 Key Expansions, 2014–2016
Table 89 Key Merger & Acquisitions, 2014–2016


List of Figures (56 Figures)

Figure 1 Research Design: Wireline Services Market
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Assumptions of the Research Study
Figure 5 North America Accounted for the Largest Market Share in the Wireline Services Market in 2015
Figure 6 Cased-Hole Segment is Expected to Dominate the Wireline Services Market During the Forecast Period
Figure 7 Electric Line Segment is Expected to Witness the Maximum Demand During the Forecast Period
Figure 8 North America is Projected to Dominate the Wireline Services Market, 2016–2021
Figure 9 Well Intervention Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 10 Top Market Developments (2012–2016)
Figure 11 Attractive Market Opportunities in the Wireline Services Market, 2016–2021
Figure 12 Middle East & Africa is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 13 Offshore Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 Demand From the Well Logging Segment is Expected to Dominate the Wireline Services Market, 2016–2021
Figure 15 Electric Line Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 16 U.S. Accounted for the Largest Share in the North American Wireline Services Market in 2015
Figure 17 Market Segmentation: Wireline Services Market
Figure 18 Geographic Scope: Wireline Services Market
Figure 19 Increasing Production From Existing Wells in the U.S. & the OPEC Countries is Expected to Generate Demand for Wireline Services
Figure 20 Global Oil Production & Consumption, 2011–2017
Figure 21 Iran Oil Production, 2007–2017
Figure 22 Decline in Crude Oil Prices Since 2014 has Continued in 2016
Figure 23 Oil & Gas RIG Count has Seen A Decreasing Trend Worldwide in 2016
Figure 24 Investment in Renewable Energy, By Region, 2015 (USD Billion)
Figure 25 Solar PV Global Capacity, 2011–2014 (Gigawatts)
Figure 26 Annual Installed Wind Capacity, 2014–2019 (Gigawatts)
Figure 27 Value Chain Analysis: Wireline Services Market
Figure 28 Onshore Application Dominated the Wireline Services Market, 2015
Figure 29 Electric Line is the Largest Market Segment for Wireline Services, 2016–2021
Figure 30 Well Logging Services Segment Dominates the Wireline Services Market, 2016 & 2021
Figure 31 Wireline Services Market: Hole Type
Figure 32 Wireline Services Market Size, By Region, 2014–2021 (USD Million)
Figure 33 Geographic Snapshot, 2016
Figure 34 North America: Overview of the Wireline Services Market
Figure 35 Asia-Pacific: Overview of the Wireline Services Market
Figure 36 Companies Adopted Contracts & Agreements as the Key Growth Strategy, 2013–2016
Figure 37 Market Share Analysis, By Value, 2015
Figure 38 Market Evaluation Framework, 2013–2016
Figure 39 Battle for Market Share: New Product Launches and Contracts & Agreements Were the Key Strategies, 2013–2016
Figure 40 Regional Revenue Mix of the Top 5 Market Players
Figure 41 Schlumberger Limited: Company Snapshot
Figure 42 Schlumberger Limited: SWOT Analysis
Figure 43 Halliburton Company: Company Snapshot
Figure 44 Halliburton Company: SWOT Analysis
Figure 45 Baker Hughes Incorporated: Company Snapshot
Figure 46 Baker Hughes Incorporated: SWOT Analysis
Figure 47 Weatherford International PLC.: Company Snapshot
Figure 48 Weatherford International PLC.: SWOT Analysis
Figure 49 Superior Energy Services, Inc.: Company Snapshot
Figure 50 Superior Energy Services, Inc.: SWOT Analysis
Figure 51 Pioneer Energy Services Corp.: Company Snapshot
Figure 52 C&J Energy Services Ltd.: Company Snapshot
Figure 53 Expro International Group Holding Ltd.: Company Snapshot
Figure 54 Archer Limited: Company Snapshot
Figure 55 National Oilwell Varco, Inc.: Company Snapshot
Figure 56 Basic Energy Services, Inc.: Company Snapshot

The global wireline services market is projected to grow at a CAGR of 2.1% from 2016 to 2021, to reach a market size of USD 9.15 Billion by 2021. This growth is attributed to increasing oil production and maturing oilfields.

The report segments the wireline market on the basis of hole type into cased-hole and open hole. The cased-hole segment is projected to dominate the wireline services market and is expected to grow at the highest CAGR from 2016 to 2021.

The wireline services market is segmented based on wireline type into electricline and slickline. The electricline segment accounted for the largest market share in 2015 and is expected to grow at the highest CAGR during the forecast period. The prominence of the electric line services over the slick line services can be attributed largely to the wide application of electricline for well logging purposes which prove very helpful for reservoir understanding and field development activity.

The report segments the wireline services market based on application into onshore and offshore. The offshore segment is expected to grow at the fastest rate during the forecast period, owing to use of wireline services for well service and completion applications. Asia-Pacific is the key market for offshore applications due to discovery of new reserves in the Gulf of Thailand, Great Australian Bight, Turkmenistan, and South China Sea.

In this report, the wireline services market has been analyzed with respect to six regions, namely, North America, Asia-Pacific, Europe, the Middle East, Africa, and South America. North America is expected to dominate the global wireline services market during the forecast period, owing to the increasing shale gas production and offshore production.

The Middle East market is projected to grow at the highest CAGR from 2016 to 2021 due to the high use of enhanced oil recovery techniques in the region and the high oil production in the region. Qatar, Kuwait, and Saudi Arabia are expected to drive the wireline services market in the Middle East region.

Wireline Services Market

Decline in oil prices could be a restraint for the wireline services market. Decline in oil prices has drastically affected the oil & gas exploration & production investments across the globe, leading to a sharp fall in the rate of oilfield services and lowering the revenues from wireline services.

Leading players in the wireline services market include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International PLC (Switzerland), and Superior Energy Services (U.S.). New product developments was the strategy most commonly adopted by top players in the market from 2013 to 2016. It was followed by contracts & agreements, expansions, and mergers & acquisitions.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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