Hydraulic Workover Unit Market

Hydraulic Workover Unit Market by Application (Onshore, And Offshore), Service (Workover, and Snubbing), Installation (Skid Mount and Trail Mount), Capacity (0 to 50, 50 to 150, and Above 150) and Region - Global Trends and Forecast to 2024

Report Code : EP 3332
Published ON : Apr, 2019

[138 Pages Report] The global hydraulic workover unit market is projected to reach a size of USD 12.0 billion by 2024, at a CAGR of 3.97%, from an estimated USD 9.8 billion in 2019. This growth can be attributed to the upsurge in oil and gas production after decline in oil prices.

Hydraulic Workover Units Market

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

By application, onshore segment accounts for the largest contributor in the hydraulic workover unit market during the forecast period

The report segments the hydraulic workover unit market, by application, into onshore and offshore. Hydraulic workover units are used in remote locations such as rigs/units can be relocated easily. Moreover, growth in mature oil and gas fields in regions such as North America and the Middle East has created a demand for the hydraulic workover unit market. Major players in the hydraulic workover unit market include Halliburton, NOV, Superior, and Elnusa.

Above 150 tonnes product segment is expected to be the largest contributor during the forecast period

The hydraulic workover unit market, by capacity, is segmented into up to 50 tonnes, 50 to 150 tonnes, and above 150 tonnes. The above 150 tonnes segment is expected to dominate the hydraulic workover unit market by 2024. The upsurge in oil and gas production after decline in oil prices are expected to drive the hydraulic workover unit market.

By Service, the workover segment is expected to grow at the fastest rate during the forecast period

The service segment is expected to grow at the fastest rate during the forecast period. The services carried out by the hydraulic workover unit market are completions/workover, plug & abandonments, ESP completion, sand screen installations, well deepening, fishing/clean-outs, casing repairs, and others. Moreover, the hydraulic workover units can be used to install or remove tubular pipes in or out of dead wells.

Hydraulic Workover Units Market

North America is expected to hold the largest market size in the hydraulic workover market during the forecast period

In this report, the hydraulic workover unit market has been analyzed with respect to 5 regions, namely, North America, Asia Pacific, Europe, Middle East & Africa, and South America. The market in North America is estimated to be the largest hydraulic workover unit market from 2018 to 2023. The hydraulic workover unit market is driven by the growth in unconventional resources in the US & Canada and demand from the onshore & offshore fields in the Gulf of Mexico. The US is the country with the largest volume of oil reserves, with Russia and Saudi Arabia coming in the second and third position, respectively. More than 50% of oil reserves in the US come in the form of “unconventional shale oil,” with Texas alone containing 60 million barrels of fossil fuels. Canada is one of the top 5 shale gas reserve holders in the world with 4,995 tcf of shale gas. The country has seen development of oil & gas production in that occurred in offshore Newfoundland, Labrador, and Nova Scotia.

The major players in the global hydraulic workover unit market, are NOV (US), Halliburton (US), Nabors (Bermuda), Superior Energy (US), Archer (Norway), Basic Energy (US), CEEM (UAE), CUDD (US), and among others.

Recent Developments

  • In September 2018, National Oilwell Varco expanded its reach by opening a new service center in the state of Texas in the US. The service center focuses mainly on the products offered to the Eagle Ford group that is working in the field of shale gas production.
  • In May 2017, Boots & Coots, a subsidiary of Halliburton, announced that it entered into a contractual arrangement with Capstone Blowout Recovery (Calgary, Canada), for providing first responder and well control services for Boots & Coots customers throughout Canada.
  • In December 2017, Nabors acquired all common shares of Tesco in an all-stock transaction. With the completion of the transaction, Tesco common stock has ceased trading on the NASDAQ Stock Market

Key Questions addressed by the report

  • The report identifies and addresses key markets for hydraulic workover unit, which would help players to review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make better strategic decisions.
  • The report addresses the market share analysis of key players in the hydraulic workover unit market and with the help of this companies can enhance their revenues in the respective market.
  • The report provides insights about emerging geographies for hydraulic workover units and hence, the entire market ecosystem can gain competitive advantage from such insights.

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

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodlogy (Page No. - 20)
    2.1 Research Methodology
    2.2 Market Size Estimation
           2.2.1 Ideal Demand-Side Analysis
                    2.2.1.1 Assumptions
                    2.2.1.2 Calculation
           2.2.2 Supply-Side Analysis
                    2.2.2.1 Assumptions
                    2.2.2.2 Calculation
           2.2.3 Forecast
    2.3 Some of the Insights of Industry Experts

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Hydraulic Workover Unit Market During the Forecast Period
    4.2 Hydraulic Workover Unit Market, By Region
    4.3 North American Hydraulic Workover Unit Market, By Service
    4.4 Hydraulic Workover Unit Market, By Installation Type
    4.5 Hydraulic Workover Unit Market, By Capacity

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Shale Gas Production Activities
                    5.2.1.2 Upsurge in Oil & Gas Production After the Decline in Oil Prices
           5.2.2 Restraints
                    5.2.2.1 Slower Growth in Drilling Activities
                    5.2.2.2 Increasing Focus on Renewable Energy
           5.2.3 Opportunities
                    5.2.3.1 Increased Focus on Mature Oil & Gas Fields With the Implementation of Digital Technologies
                    5.2.3.2 Arctic Discoveries
           5.2.4 Challenges
                    5.2.4.1 Low Oil Prices Resulting in Abandoning of Wells

6 Hydraulic Workover Unit Market, By Service (Page No. - 35)
    6.1 Introduction
    6.2 Workover
           6.2.1 North America is Expected to Have the Largest Market Share in Workover Segment
    6.3 Snubbing
           6.3.1 Asia Pacific is the Second Market in Snubbing Segment

7 Hydraulic Workover Unit Market, By Application (Page No. - 40)
    7.1 Introduction
    7.2 Onshore
           7.2.1 North America Held the Largest Market Share for the Onshore Segment
    7.3 Offshore
           7.3.1 Asia Pacific Hold the Largest Market Share in Offshore Segment

8 Hydraulic Workover Unit Market, By Capacity (Page No. - 46)
    8.1 Introduction
    8.2 Up to 50 Tonnes
           8.2.1 North America Hold the Largest Market Share for Up to 50 Tonnes Segment
    8.3 50–150 Tonnes
           8.3.1 North America Holds the Largest Market Share for 50 –150 Tonnes Segment
    8.4 Above 150 Tonnes
           8.4.1 Asia Spacific Holds the Second Largest Market for Above 150 Tonnes Segment

9 Hydraulic Workover Unit Market, By Installation (Page No. - 52)
    9.1 Introduction
    9.2 Skid Mount
           9.2.1 North America Holds the Largest Market for Skid Mount Segment
    9.3 Trailer Mount
           9.3.1 Asia Pacific Holds the Second Largest Market for Trailer Mount Segment

10 Hydraulic Workover Unit Market, By Region (Page No. - 57)
     10.1 Introduction
     10.2 North America
             10.2.1 By Application
             10.2.2 By Installation
             10.2.3 By Capacity
             10.2.4 By Service
             10.2.5 By Country
             10.2.6 US
                        10.2.6.1 Shale Gas Production is One of the Key Drivers of the Hydraulic Workover Unit Market in the Country
             10.2.7 Canada
                        10.2.7.1 Growing Oil & Gas Activities in the Country are Likely to Grow the Market
             10.2.8 Mexico
                        10.2.8.1 Plans for Increasing Oil & Gas Production is Expected to Boost the Market
     10.3 Asia Pacific
             10.3.1 By Application
             10.3.2 By Installation
             10.3.3 By Capacity
             10.3.4 By Service
             10.3.5 By Country
                        10.3.5.1 China
                               10.3.5.1.1 Growing Production & Focus on Shale Gas Reserves is Likely to Boost the Market During the Forecast Period
                        10.3.5.2 India
                               10.3.5.2.1 Increasing Focus on Exploration Activities is Likely to Boost the Market During the Forecast Period
                        10.3.5.3 Australia
                               10.3.5.3.1 Development of Natural Gas Resources in the Country is Expected to Drive the Market During the Forecast Period
                        10.3.5.4 Indonesia
                               10.3.5.4.1 Enhancement of Oil & Gas Fields & Exploration Activities are Expected to Grow the Market
             10.3.6 Rest of Asia Pacific
     10.4 Europe
             10.4.1 By Application
             10.4.2 By Installation
             10.4.3 By Capacity
             10.4.4 By Service
             10.4.5 By Country
                        10.4.5.1 Russia
                               10.4.5.1.1 Growing Focus on Oil & Gas Production is Expected to Boost the Market
                        10.4.5.2 UK
                               10.4.5.2.1 Increasing Investment & Focus on Mature Oilfields is Likely to Create an Opportunity for the Hydraulic Workover Unit Market
                        10.4.5.3 Norway
                               10.4.5.3.1 Growing Activities & Discoveries in the Country are Expected to Boost the Market During the Forecast Period
                        10.4.5.4 Rest of Europe
     10.5 South America
             10.5.1 By Application
             10.5.2 By Installation
             10.5.3 By Capacity
             10.5.4 By Service
             10.5.5 By Country
                        10.5.5.1 Brazil
                               10.5.5.1.1 Upcoming Investments in Oil Exploration in the Country are Expected to Drive the Market During the Forecast Period
                        10.5.5.2 Venezuela
                               10.5.5.2.1 Offshore E&P Activities are Expected to Drive the Hydraulic Workover Unit Market During the Forecast Period
                        10.5.5.3 Rest of South America
     10.6 Middle East & Africa
             10.6.1 By Application
             10.6.2 By Installation
             10.6.3 By Capacity
             10.6.4 By Service
             10.6.5 By Country
                        10.6.5.1 Saudi Arabia
                               10.6.5.1.1 Enhanced Crude Production From Oilfields & Surge in Offshore Exploration is Expected to Drive the Hydraulic Workover Unit Market
                        10.6.5.2 UAE
                               10.6.5.2.1 Growing Activities & Investments are Expected to Drive the Market During the Forecast Period
                        10.6.5.3 Kuwait
                               10.6.5.3.1 Increasing Oil & Gas Activities are Expected to Boost the Market During the Forecast Period
                        10.6.5.4 Algeria
                               10.6.5.4.1 Upcoming Investments are Expected to Boost the Market in the Coming Years
                        10.6.5.5 Nigeria
                               10.6.5.5.1 Offshore Segment Holds the Largest Market Share
                        10.6.5.6 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 94)
     11.1 Overview
     11.2 Ranking of Players and Industry Concentration, 2018
     11.3 Competitive Landscape Mapping
             11.3.1 Visionary Leaders
             11.3.2 Innovators
             11.3.3 Emerging Companies
             11.3.4 Dynamic Differentiators
     11.4 Competitive Scenario
             11.4.1 Contracts & Agreements
             11.4.2 Investments and Expansions
             11.4.3 Mergers & Acquisitions
             11.4.4 Others

12 Company Profiles (Page No. - 101)
     12.1 Halliburton
     12.2 Nabors Industries
     12.3 Superior Energy Services
     12.4 Archer
     12.5 Basic Energy Services
     12.6 CEEM FZE
     12.7 CUDD Energy Services
     12.8 High Arctic Energy Services
     12.9 Precision Drilling
     12.1 Key Energy Services
     12.11 Velesto Energy
     12.12 Elnusa
     12.13 Easternwell
     12.14 ZYT Petroleum Equipment
     12.15 UZMA
     12.16 National Oilwell Varco

13 Appendix (Page No. - 130)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.1 Author Details


List of Tables (101 Tables)

Table 1 Global Hydraulic Workover Unit Market, Snapshot
Table 2 Hydraulic Workover Market Size, By Service, 2017–2024 (USD Million)
Table 3 Hydraulic Workover Market Size, By Service, 2017–2024 (Units)
Table 4 Workover: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 5 Workover: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 6 Snubbing: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 7 Snubbing: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 8 Hydraulic Workover Market Size, By Application,2017–2024 (USD Million)
Table 9 Hydraulic Workover Market Size, By Application, 2017–2024 (Units)
Table 10 Onshore: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 11 Onshore: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 12 Offshore: Hydraulic Workover Market Size, By Region,2017–2024 (USD Million)
Table 13 Offshore: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 14 Hydraulic Workover Market Size, By Capacity, 2017–2024 (USD Million)
Table 15 Hydraulic Workover Market Size, By Capacity, 2017–2024 (Units)
Table 16 Up to 50 Ton: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 17 Up to 50 Ton: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 18 50–150 Ton: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 19 50–150 Ton: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 20 Above 150 Tonnes: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 21 Above 150 Tonnes: Hydraulic Workover Market Size, By Region,2017–2024 (Units)
Table 22 Hydraulic Workover Market Size, By Installation, 2017–2024 (USD Million)
Table 23 Hydraulic Workover Market Size, By Installation, 2017–2024 (Units)
Table 24 Skid Mount: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 25 Skid Mount: Hydraulic Workover Market Size, By Region, 2017–2024 (Units)
Table 26 Trailer Mount: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 27 Trailer Mount: Hydraulic Workover Market Size, By Region, 2017–2024 (USD Million)
Table 28 Hydraulic Workover Unit Market Size, By Region, 2017–2024 (USD Million)
Table 29 Hydraulic Workover Unit Market Size, By Region, 2017–2024 (Units)
Table 30 North America: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 31 North America: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (Units)
Table 32 North America: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (USD Million)
Table 33 North America: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (Units)
Table 34 North America: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (USD Million)
Table 35 North America: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (Units)
Table 36 North America: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (USD Million)
Table 37 North America: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (Units)
Table 38 North America: Hydraulic Workover Unit Market, By Country,2017–2024 (USD Million)
Table 39 North America: Hydraulic Workover Unit Market, By Country, 2017–2024 (USD Million)
Table 40 US: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 41 Canada: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 42 Mexico: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 43 Asia Pacific: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 44 Asia Pacific: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (Units)
Table 45 Asia Pacifc: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (USD Million)
Table 46 Asia Pacifc: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (Units)
Table 47 Asia Pacific: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (USD Million)
Table 48 Asia Pacific: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (Units)
Table 49 Asia Pacific: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (USD Million)
Table 50 Asia Pacific: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (Units)
Table 51 Asia Pacific: Hydraulic Workover Unit Market, By Country, 2017–2024 (USD Million)
Table 52 Asia Pacific: Hydraulic Workover Unit Market, By Country, 2017–2024 (Units)
Table 53 China: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 54 India: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 55 Australia: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 56 Malaysia: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 57 Rest of Asia Pacific: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 58 Europe: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 59 Europe: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (Units)
Table 60 Europe: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (USD Million)
Table 61 Europe: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (USD Million)
Table 62 Europe: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (USD Million)
Table 63 Europe: Hydraulic Workover Unit Market Size, By Capacity,2017–2024 (Units)
Table 64 Europe: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (USD Million)
Table 65 Europe: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (USD Million)
Table 66 Europe: Hydraulic Workover Unit Market, By Country, 2017–2024 (USD Million)
Table 67 Europe: Hydraulic Workover Unit Market, By Country, 2017–2024 (Units)
Table 68 Russia: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 69 UK: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 70 Norway: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 71 Rest of Europe: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 72 South America: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 73 South America: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (Units)
Table 74 South America: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (USD Million)
Table 75 South America: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (Units)
Table 76 South America: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (USD Million)
Table 77 South America: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (Units)
Table 78 South America: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (USD Million)
Table 79 South America: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (Units)
Table 80 South America: Hydraulic Workover Unit Market, By Country,2017–2024 (USD Million)
Table 81 South America: Hydraulic Workover Unit Market, By Country,2017–2024 (Units)
Table 82 Brazil: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 83 Venezuela: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 84 Rest of South America: Hydraulic Workover Unit Market Size,By Application, 2017–2024 (USD Million)
Table 85 Middle East & Africa: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 86 Middle East & Africa: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (Units)
Table 87 Middle East & Africa: Hydraulic Workover Unit Market Size,By Installation, 2017–2024 (USD Million)
Table 88 Middle East & Africa: Hydraulic Workover Unit Market Size, By Installation, 2017–2024 (Units)
Table 89 Middle East & Africa: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (USD Million)
Table 90 Middle East & Africa: Hydraulic Workover Unit Market Size, By Capacity, 2017–2024 (Units)
Table 91 Middle East & Africa: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (USD Million)
Table 92 Middle East & Africa: Hydraulic Workover Unit Market Size, By Service, 2017–2024 (Units)
Table 93 Middle East & Africa: Hydraulic Workover Unit Market, By Country, 2017–2024 (USD Million)
Table 94 Middle East & Africa: Hydraulic Workover Unit Market, By Country, 2017–2024 (Units)
Table 95 Saudi Arabia: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 96 UAE: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 97 Kuwait: Hydraulic Workover Unit Market Size, By Application,2017–2024 (USD Million)
Table 98 Algeria: Hydraulic Workover Unit Market Size, By Application,2017–2024 (USD Million)
Table 99 Nigeria: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 100 Rest of Middle East & Africa: Hydraulic Workover Unit Market Size, By Application, 2017–2024 (USD Million)
Table 101 Halliburton, the Most Active Player in the Market Between the Years 2015 & 2019


List of Figures (37 Figures)

Figure 1 Oil & Gas Production Across the Regions is the Major Determining Factor for the Hydraulic Workover Unit Market
Figure 2 North America Held the Largest Share in the Hydraulic Workover Unit Market in 2018
Figure 3 Application Segment, 2019–2024
Figure 4 Installation Segment, 2019–2024
Figure 5 Service Segment, 2019–2024
Figure 6 Capacity Segment, 2019–2024
Figure 7 Increased Dependence on Oil and Natural Gas is Driving the Hydraulic Workover Unit Market, 2019–2024
Figure 8 North America is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 9 Workover Segment Dominated the Hydraulic Workover Unit Market During the Forecast Period
Figure 10 Trailer Mount Segment is Expected to Dominate the Hydraulic Workover Unit Market During the Forecast Period
Figure 11 Above 150 Ton Segment, By Capacity, Idominated the Hydraulic Workover Unit Market in 2018
Figure 12 Hydraulic Workover Unit Market: Drivers, Restraints, Opportunities, and Challenges
Figure 13 US Shale Gas Production, 2014–2017
Figure 14 Natural Gas Production in 2017
Figure 15 Workover Segment Held the Largest Market Share in 2018
Figure 16 Onshore Segment Held the Largest Market Share in 2018
Figure 17 Above 150 Tonnes is Expected to Be the Largest Market During the Forecast Period
Figure 18 Trailer Mount Segment Held the Largest Market Share in 2018
Figure 19 North America is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 20 North America Led the Hydraulic Workover Unit Market in 2018
Figure 21 Regional Snapshot: North America Led the Hydraulic Workover Unit Market in 2018
Figure 22 Regional Snapshot: Asia Pacific Hydraulic Workover Unit Market in 2018
Figure 23 Key Developments in the Hydraulic Workover Unit Market, 2015–2019
Figure 24 Halliburton Led the Hydraulic Workover Unit Market in 2018
Figure 25 Hydraulic Workover Unit Market (Global) Competitive Landscape Mapping, 2018
Figure 26 Halliburton: Company Snapshot
Figure 27 Nabors Industries: Company Snapshot
Figure 28 Superior Energy Services: Company Snapshot
Figure 29 Archer: Company Snapshot
Figure 30 Basic Energy Services: Company Snapshot
Figure 31 High Arctic Energy Services: Company Snapshot
Figure 32 Precision Drilling: Company Snapshot
Figure 33 Key Energy Services: Company Snapshot
Figure 34 Velesto Energy: Company Snapshot
Figure 35 Elnusa: Company Snapshot
Figure 36 UZMA: Company Snapshot
Figure 37 National Oilwell Varco: Company Snapshot

The study involved 4 major activities in estimating the current size of the hydraulic workover unit market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The hydraulic workover unit market comprises several stakeholders such as consulting companies in oil and gas, government and power research organizations, oil & gas operators, hydraulic workover unit service providers companies in the supply chain. The demand-side of this market is characterized by the number of projects for hydraulic workover unit in the coming years. Various primary sources from both the supply- and demand-sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Hydraulic Workover Units Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the hydraulic workover unit market. These methods were also used extensively to estimate the size of the various subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply-sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Objectives of the Study

  • To define and segment the hydraulic workover unit market by application, service, installation, capacity, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the hydraulic workover unit market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the hydraulic workover unit market with respect to the investments and activities for oil and gas fields
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments such as new product developments, mergers & acquisitions, expansions & investments, partnership & collaboration, and contracts & agreements in the hydraulic workover unit market

Scope of the report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Application, Service, Installation, Capacity, and Region

Geographies covered

North America, Asia Pacific, Africa, Europe, and the Middle East & Africa

Companies covered

NOV (US), Halliburton (US), Nabors (Bermuda), Superior Energy (US), Archer (Norway), Basic Energy (US), CEEM (UAE), and CUDD (US).

This research report categorizes the hydraulic workover unit market by application, service, installation, capacity, and region

On the basis of application, the hydraulic workover unit market has been segmented as follows:

  • Onshore
  • Offshore

On the basis of capacity, the hydraulic workover unit market has been segmented as follows:

  • 0–50 tonne
  • 50–150 tonne
  • Above 150 tonne

On the basis of service, the hydraulic workover unit market has been segmented as follows:

  • Workover
  • Snubbing

On the basis of installation, the hydraulic workover unit market has been segmented as follows:

  • Skid Mount
  • Trailer Mount

On the basis of region, the hydraulic workover unit market has been segmented as follows:

  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • South America

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