According to Stratistics MRC, the Global Wireline Services market is accounted for $6.32 billion in 2017 and is expected to reach $13.17 billion by 2026 growing at a CAGR of 8.5% during the forecast period.
Factors such as growing exploration and production activities, global demand for oil & gas, increased oil production, and exploration activities for shale gas are fuelling the market growth. However, increasing focus on renewable energy, stringent environmental rules and regulations, and decrease in crude oil prices are limiting the market growth.
Based on Technology, Electric line is associated to the devices such as switches, distribution boards, sockets and light fittings in a structure. Their size and type are specified based on the capability of holding operating voltage power. Most of the time electric line is used in the oil and gas industry to reduce and retrieve tools into wellbore so that it can transmit the data about the well conditions.
By Geography, Europe is expected to hold largest volume in contrast to other regions due to growing number of exploration and production projects and countries like germany and united kingdoms growth rate resources in shale gas production.
Some of the key players in Wireline Services include Weatherford International PLC, Expro International Group Holding Ltd, FMC Technologies Inc, Welltec International AS, Wireline Engineering Ltd, Superior Energy Services, Inc, Schlumberger Limited, Pioneer Energy Services Corp., Oilserv, National Oilwell Varco, Inc., Halliburton Company, C&J Energy Services Ltd., Basic Energy Services, Inc., Baker Hughes Incorporated, China Oilfield Services Limited, Nabors Industries Ltd., Casedhole Solutions, Trican Well Services, National Oilwell Varco, Inc and Sanjel Corporation.
Tubing Conveyed Perforating Services
Pump Down Services
Plug and Perforating Services
Pipe Recovery Services
Cement Bond Logging Services
Casing Inspection Services
Cased Hole Logging Services
Cased hole electric line tools
Borehole seismic tools
Natural gamma ray tools
Nuclear magnetic resonance tools
Sonic and ultrasonic tools
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
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– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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