The fixed-line services market is expected to grow at less than 3% CAGR during the forecast period. Global upstream oil and gas investment in 2018 was about $476 billion, an increase of 6% over the previous year. According to Oil & Gas UK estimates, European oil and gas exploration and production companies are expected to spend about $265 billion between 2019 and 2035. With growing demand for oil and natural gas, growing upstream investment, etc., the global oil and gas sector is expected to drive the number of exploration and production activities, leading the wired services market during the forecast period. However, crude oil prices were very volatile in 2018, fluctuating between $85 and $50 a barrel by the end of the year. This volatility in oil prices remains a growing concern in the upstream industry. Therefore, this is expected to hinder the market during the forecast period.
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The key players of global wireline services market are GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), and SGS (Switzerland) are among others.
Wireline Services Market Segmentation
By Wireline Type
- Electric line
- Well Intervention
By Hole Type
- Open Hole
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o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Wireline Services Market Report
- What was the Wireline Services Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Wireline Services Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
- Which manufacturer/vendor/players in the Wireline Services Market was the market leader in 2018?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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