HOME Press Releases Well Intervention Market worth 9.85 Billion USD by 2022



Well Intervention Market worth 9.85 Billion USD by 2022


The report "Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022", The well intervention market is expected to grow from an estimated USD 8.18 Billion in 2017 to USD 9.85 Billion by 2022, at a CAGR of 3.78%, from 2017 to 2022.

                                     Request Sample                                      Request Sample

Browse 76 market data tables and 78 figures spread through 180 pages and in-depth TOC on "Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/well-intervention-market-1099.html
Early buyers will receive 10% customization on reports.

The factors driving the market include upsurge in global energy demand, increase in oil & gas production, and revitalization of aging fields/wells. Increasing focus on renewable energy and strict government regulations on E&P activities are key restraints for the growth of the well intervention market.

Logging & bottomhole survey is the largest service-based market segment

The report segments the well intervention market on the basis of service into logging and bottomhole survey, tubing and packer failure and repair, stimulation, remedial cementing, zonal isolation, sand control services, artificial lift services, fishing, reperforation, and others*. The logging and bottomhole survey segment is expected to dominate the well intervention market till 2022. This growth is majorly driven by the well intervention market in North America, due to shale gas revolution and production of oil & gas from shale reserves in the region. The well intervention market is expected to witness a growth in the developing countries of the region, such as China and India, due to upsurge in energy demand and increase in oil & gas production activities in these countries.

Others* include water shut off, casing repair, horizontal well sand control, well abandonment, sand washing, and paraffin/asphaltene/hydrates removal, among others

Onshore is the largest application-based market segment

The report also segments the well intervention market by application into onshore and offshore. The onshore application segment is expected to dominate the well intervention market till 2022. This growth is majorly driven by the revitalization of aging onshore field/ well.

North America is the dominant regional market for well intervention

North America is currently the largest market for well intervention. In 2016, the U.S. accounted for the majority share in North America. Ongoing shale gas revolution is the major factor driving the well intervention market in the U.S.

To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies such as GE Oil & Gas (U.K.), Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International plc (Switzerland), Expro International Group Holdings Ltd. (U.K.), Archer Limited (U.K.), Welltec International ApS (Denmark), TechnipFMC plc (U.K.), Trican Well Service Ltd. (Canada), Basic Energy Services, Inc. (U.S.), Superior Energy Services, Inc. (U.S.), Key Energy Services, Inc. (U.S.), and Lupatech SA (Brazil), among others. The dominant players are trying to gain a foothold in developing economies and are adopting various methods to grab the market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports