HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: April 2017
Report Code: EP 3333

 

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The global 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. The factors driving the well intervention 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.

Objectives of the study

  • To define, describe, and forecast the global well intervention market on the basis of service type, application, and region
  • To provide a detailed information of major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze major tools and equipment used for well intervention services
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast market size of segments with respect to major regions, namely, North America, the Middle East, Europe, Asia-Pacific, South and Central America, and Africa
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze developments in the well intervention market such as new product launches, expansions, mergers & acquisitions, partnerships, joint ventures, alliance, collaboration and new agreements

* Core competencies of the companies are captured in terms of their key developments, and the key strategies adopted by them to sustain their position in the market

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: From 2017 to 2022

For company profiles in the report, 2015 & 2016 has been used as the base year.

Research Methodology

This research study involved the extensive use of secondary sources, directories, and databases (such as Hoover’s, Bloomberg, Businessweek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the well intervention market. The points mentioned below explain the research methodology applied in this report.

  • Analysis of all the operational and upcoming infrastructural projects across the world
  • Analysis of country-wise industrial growth rate for the past 5 years
  • Estimation of cost of well intervention services in various regions using the cost variance models
  • Analysis of the market trends in various regions and countries supported by well intervention equipment manufacturers and oilfield service providers
  • Overall market size values are finalized by triangulation with the supply-side data which includes product developments, supply chain, and annual deliveries of well intervention 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 shows the breakdown of the primaries on the basis of company type, designation, and region.

Well Intervention Market

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

Market Ecosystem

Well Intervention Market

Stakeholders

The stakeholders included in this report are as follows:

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

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.”

Scope of the report

  • By Service:
    • Logging and Bottomhole Survey
    • Tubing and Packer Failure and Repair
    • Stimulation
    • Remedial Cementing
    • Zonal Isolation
    • Sand Control Services
    • Artificial Lift Services
    • Fishing
    • Reperforation
    • Others*

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

  • By Application
    • Onshore
    • Offshore
  • By Offshore Intervention Type
    • Light Intervention
    • Medium Intervention
    • Heavy Intervention
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South and Central America
    • Middle East  
    • Africa

Available Customizations

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

  • Detailed analysis and profiling of additional market players (up to five)
  • Country-wise analysis can be extended by one country for every region

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    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
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Break-Down of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Well Intervention Market Overview
    4.2 Key Countries in Well Intervention Market
    4.3 Well Intervention Market, By Application
    4.4 Well Intervention Market: Service Type & Region
    4.5 Well Intervention Market, By Service

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Upsurge in Global Energy Demand
                    5.2.1.2 Increase in Oil & Gas Production
                    5.2.1.3 Revitalization of Aging Field Wells
           5.2.2 Restraints
                    5.2.2.1 Increasing Focus on Renewable Energy
                    5.2.2.2 Strict Government Regulations on E&P Activities
           5.2.3 Opportunities
                    5.2.3.1 New Oilfield Discoveries
                    5.2.3.2 Demand for Well Intervention in Subsea
           5.2.4 Challenges
                    5.2.4.1 High Temperature Intervention Challenges
    5.3 Supply Chain Overview
           5.3.1 Key Influencers

6 Well Intervention Market, By Service (Page No. - 44)
    6.1 Introduction
    6.2 Market Analysis
           6.2.1 Logging & Bottomhole Survey
           6.2.2 Tubing & Packer Failure & Repair
           6.2.3 Stimulation
           6.2.4 Remedial Cementing
           6.2.5 Zonal Isolation
           6.2.6 Sand Control
           6.2.7 Artificial Lift
           6.2.8 Fishing
           6.2.9 Reperforation
           6.2.10 Others

7 Well Intervention Market, By Application (Page No. - 56)
    7.1 Introduction
    7.2 Market Analysis
           7.2.1 Impact of Oil Prices on Well Intervention Market, By Application
           7.2.2 Onshore
           7.2.3 Offshore
                    7.2.3.1 Introduction
                    7.2.3.2 Types of Offshore Well Intervention Services
           7.2.4 By Type

8 Well Intervention Market, By Region (Page No. - 65)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
           8.3.1 Russia
           8.3.2 U.K.
           8.3.3 Norway
           8.3.4 Denmark
           8.3.5 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 China
           8.4.2 Malaysia
           8.4.3 India
           8.4.4 Indonesia
           8.4.5 Australia
           8.4.6 Rest of Asia-Pacific
    8.5 South & Central America
           8.5.1 Venezuela
           8.5.2 Mexico
           8.5.3 Brazil
           8.5.4 Argentina
           8.5.5 Rest of South & Central America
    8.6 Middle East
           8.6.1 Saudi Arabia
           8.6.2 UAE
           8.6.3 Iraq
           8.6.4 Iran
           8.6.5 Qatar
           8.6.6 Kuwait
           8.6.7 Rest of the Middle East
    8.7 Africa
           8.7.1 Angola
           8.7.2 Nigeria
           8.7.3 Algeria
           8.7.4 Rest of Africa

9 Competitive Landscape (Page No. - 102)
    9.1 Overview
    9.2 Market Ranking, Well Intervention Market, 2015
    9.3 Vendor Dive Matrix
           9.3.1 Market Leaders/Vanguards
           9.3.2 Innovators
           9.3.3 Dynamic
           9.3.4 Emerging
    9.4 Competitive Situation & Trends

10 Company Profile (Page No. - 112)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
     10.1 Baker Hughes Incorporated
     10.2 Halliburton Company
     10.3 Schlumberger Limited
     10.4 Weatherford International, PLC.
     10.5 Superior Energy Services, Inc.
     10.6 Archer Limited
     10.7 Expro International Group Holdings, Ltd.
     10.8 Technipfmc, PLC.
     10.9 GE Oil & Gas
     10.10 Key Energy Services
     10.11 Trican Well Service Ltd.
     10.12 Welltec International APS
     10.13 Basic Energy Services, Inc.
     10.14 Lupatech SA

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 173)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (76 Tables)

Table 1 Global Well Intervention Market Snapshot
Table 2 Global Oil Consumption, 2005–2035 (Million Metric Tons Oil Equivalent)
Table 3 Global Natural Gas Consumption, 2005–2035 (Million Metric Tons Oil Equivalent)
Table 4 Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 5 Logging & Bottomhole Survey Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 6 Tubing & Packer Failure & Repair Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 7 Stimulation Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 8 Remedial Cementing Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 9 Zonal Isolation Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 10 Sand Control Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 11 Artificial Lift Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 12 Fishing Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 13 Reperforation Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 14 Others Services: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 15 Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 16 Onshore Application: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 17 Offshore Application: Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 18 Offshore Application: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 19 Offshore Application: Light Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 20 Offshore Application: Medium Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 21 Offshore Application: Heavy Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 22 Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 23 North America: Well Intervention Market Size, By Country, 2015–2022 (USD Million)
Table 24 North America: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 25 North America: Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 26 North America: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 27 U.S.: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 28 Canada: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 29 Europe: Well Intervention Market Size, By Country, 2015–2022 (USD Million)
Table 30 Europe: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 31 Europe: Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 32 Europe: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 33 Russia: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 34 U.K.: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 35 Norway: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 36 Denmark: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 37 Rest of Europe: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 38 Asia-Pacific: Well Intervention Market Size, By Country, 2015–2022 (USD Million)
Table 39 Asia-Pacific: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 40 Asia-Pacific: Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 41 Asia-Pacific: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 42 China: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 43 Malaysia: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 44 India: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 45 Indonesia: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 46 Australia: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 47 Rest of Asia-Pacific: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 48 South & Central America: Well Intervention Market Size, By Country, 2015–2022 (USD Million)
Table 49 South & Central America: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 50 South & Central America: Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 51 South & Central America: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 52 Venezuela: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 53 Mexico: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 54 Brazil: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 55 Argentina: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 56 Rest of South & Central America: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 57 Middle East: Well Intervention Market Size, By Country, 2015–2022 (USD Million)
Table 58 Middle East: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 59 Middle East: Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 60 Middle East: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 61 Saudi Arabia: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 62 UAE: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 63 Iraq: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 64 Iran: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 65 Qatar: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 66 Kuwait: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 67 Rest of the Middle East: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 68 Africa: Well Intervention Market Size, By Country, 2015–2022 (USD Million)
Table 69 Africa: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 70 Africa: Well Intervention Market Size, By Service, 2015–2022 (USD Million)
Table 71 Africa: Well Intervention Market Size, By Type, 2015–2022 (USD Million)
Table 72 Angola: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 73 Nigeria: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 74 Algeria: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 75 Rest of Africa: Well Intervention Market Size, By Application, 2015–2022 (USD Million)
Table 76 Company-Wise Service Offering: Well Intervention Market


List of Figures (78 Figures)

Figure 1 Well Intervention Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 North America Dominates Global Well Intervention Market in 2016
Figure 6 Logging & Bottomhole Survey to Dominate Well Intervention Market, By Service, During 2017–2022 (USD Billion)
Figure 7 Onshore Application to Dominate Well Intervention Market During 2017-2022 (USD Billion)
Figure 8 New Oilfield Discoveries & Increased Production Activities to Drive Growth of Well Intervention Market
Figure 9 Angola to Record Fastest Growth in Demand for Well Intervention During 2017-2022
Figure 10 Offshore Application to Record Highest Growth in Well Intervention Market During 2017-2022 (USD Billion)
Figure 11 North America Holds Highest Share of Global Well Intervention Market in 2016
Figure 12 Stimulation Services to Record Highest Growth During 2017-2022 (USD Million)
Figure 13 Market Dynamics: Well Intervention Market
Figure 14 Global Crude Oil Annual Production During 2015–2018 (MBD)
Figure 15 Natural Gas Production in China, Canada, & U.S. During 2012-2040 (Trillion Cubic Feet)
Figure 16 Well Intervention Market Supply Chain
Figure 17 Stimulation Services to Record Highest Growth in Well Intervention Market During 2017-2022 (USD Million)
Figure 18 North America to Hold Largest Share of Logging & Bottomhole Survey Market During 2017-2022 (USD Million)
Figure 19 Offshore Application to Record Highest Growth During 2017-2022 (USD Million)
Figure 20 Onshore Application to Dominate Well Intervention Market During 2017-2022 (USD Million)
Figure 21 Offshore Well Intervention Services Classification, By Type (Light, Medium & Heavy)
Figure 22 Heavy Well Intervention Market to Record Highest Growth During 2017-2022 (USD Million)
Figure 23 Well Intervention Market Regional Snapshot (2016): Africa & Asia-Pacific Emerging as New Hotspots
Figure 24 Africa to Be the World’s Fastest Growing Well Intervention Market During 2017–2022 (USD Million)
Figure 25 North America: Well Intervention Market Snapshot
Figure 26 Global Oil Reserves, By Top Countries, 2016
Figure 27 Europe: Well Intervention Market Snapshot
Figure 28 Mexico to Hold Largest Share in South & Central America Well Intervention Market During 2017-2022 (USD Million)
Figure 29 Saudi Arabia to Hold Largest Share of Middle East Well Intervention Market During 2017-2022 (USD Million)
Figure 30 Offshore Application to Hold Largest Share of African Well Intervention Market During 2017-2022 (USD Million)
Figure 31 New Product & Technology Launches Was the Key Growth Strategy Adopted By Players During 2014–2017
Figure 32 Market Ranking, Well Intervention Market, 2015
Figure 33 Well Intervention Market: Vendor Dive Matrix
Figure 34 Company-Wise Product Offering Comparison: Well Intervention Market
Figure 35 Company-Wise Business Strategy Comparison: Well Intervention Market
Figure 36 Market Evaluation Framework, 2014–2017
Figure 37 Battle for Market Share (2014–2017): New Product & Technology Launches the Key Strategy Adopted By Players in Well Intervention Market
Figure 38 Baker Hughes Incorporated: Company Snapshot
Figure 39 Baker Hughes Incorporated: Product Offering Scorecard
Figure 40 Baker Hughes Incorporated: Business Strategy Scorecard
Figure 41 Halliburton Company: Company Snapshot
Figure 42 Halliburton Company: Product Offering Scorecard
Figure 43 Halliburton Company: Business Strategy Scorecard
Figure 44 Schlumberger Limited: Company Snapshot
Figure 45 Schlumberger Limited: Product Offering Scorecard
Figure 46 Schlumberger Limited: Business Strategy Scorecard
Figure 47 Weatherford International, PLC.: Company Snapshot
Figure 48 Weatherford International, PLC.: Product Offering Scorecard
Figure 49 Weatherford International, PLC.: Business Strategy Scorecard
Figure 50 Superior Energy Services, Inc.: Company Snapshot
Figure 51 Superior Energy Services, Inc.: Product Offering Scorecard
Figure 52 Superior Energy Services, Inc.: Business Strategy Scorecard
Figure 53 Archer Limited: Company Snapshot
Figure 54 Archer Limited: Product Offering Scorecard
Figure 55 Archer Limited: Business Strategy Scorecard
Figure 56 Expro International Group Holdings, Ltd.: Company Snapshot
Figure 57 Expro International Group Holdings, Ltd.: Product Offering Scorecard
Figure 58 Expro International Group Holdings, Ltd.: Business Strategy Scorecard
Figure 59 Technipfmc, PLC.: Product Offering Scorecard
Figure 60 Technipfmc, PLC.: Business Strategy Scorecard
Figure 61 GE Oil & Gas: Company Snapshot
Figure 62 GE Oil & Gas: Product Offering Scorecard
Figure 63 GE Oil & Gas: Business Strategy Scorecard
Figure 64 Key Energy Services: Company Snapshot
Figure 65 Key Energy Services: Product Offering Scorecard
Figure 66 Key Energy Services: Business Strategy Scorecard
Figure 67 Trican Well Service Ltd.: Company Snapshot
Figure 68 Trican Well Service Ltd.: Product Offering Scorecard
Figure 69 Trican Well Service Ltd.: Business Strategy Scorecard
Figure 70 Welltec International APS: Company Snapshot
Figure 71 Welltec International APS: Product Offering Scorecard
Figure 72 Welltec International APS: Business Strategy Scorecard
Figure 73 Basic Energy Services, Inc.: Company Snapshot
Figure 74 Basic Energy Services, Inc.: Product Offering Scorecard
Figure 75 Basic Energy Services, Inc.: Business Strategy Scorecard
Figure 76 Lupatech SA: Company Snapshot
Figure 77 Lupatech SA: Product Offering Scorecard
Figure 78 Lupatech SA: Business Strategy Scorecard

The well intervention market is projected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach USD 9.85 Billion by 2022. The factors driving the well intervention market include upsurge in global energy demand, increase in oil & gas production, and revitalization of aging fields/wells.

The report segments the well intervention market, by 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 holds the largest market share of the well intervention market, by service due to the need to understand the reservoirs to determine the appropriate means of production.

The report segments the well intervention market, by application, into onshore and offshore. The well intervention market, by application, is dominated by the onshore segment, while the offshore segment is growing at the fastest pace during the forecast period. This is due to the onshore fields reaching maturity and the increasing E&P activities in the offshore environment.

The report segments the well intervention market, by offshore well intervention market, into light intervention, medium intervention, and heavy intervention. Light well intervention segment is currently the largest market share of the offshore well intervention market. The heavy intervention segment is expected to grow at the highest CAGR during the forecast period. Increased capability of light well intervention vessels to perform remedial operations is driving the light well intervention segment market. In this report, the well intervention market has been segmented into the following regions: North America, Europe, Asia-Pacific, South and Central America, the Middle East, and Africa. North America is currently the largest market for well intervention, and the African market is projected to grow at the highest CAGR, during the forecast period. The U.S. accounted for the majority share in North America in 2016. The ongoing shale gas revolution is the major factor driving the well intervention market in the U.S. The figure given below shows the regional scenario of the well intervention market from 2017 to 2022.

Well Intervention Market

Increasing focus on renewable energy and strict government regulations on E&P activities are key restraints for the growth of the well intervention market.

Some of the leading players in the well intervention market include 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. New product launches was the most common strategy adopted by the top players in the market, constituting more than one-third of the total development share. The other common strategies employed were contracts & agreements, mergers & acquisitions, expansions, partnerships, collaborations, and alliance & joint ventures.

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