Global Wireline Services Market

Global Wireline Services Market Size, Share, Growth Analysis, By Well Type(Open Hole, Cased Hole), By Service(Electric Line, Slick Line), By Location(Onshore, Offshore), By Application(Well Completion, Well Intervention) - Industry Forecast 2023-2030


Report ID: SQMIG10B2078 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 114 | Figures: 77

Global Wireline Services Market Insights

Wireline Services Market size was valued at USD 22.5 billion in 2021 and is poised to grow from USD 24 billion in 2022 to USD 37.73 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

The oil and gas sector uses wireline services, commonly referred to as electrical cabling technology, for reservoir evaluation, pipe recovery operations, and intervention procedures. In order to provide real-time, precise, and quantifiable data, these services use multi-strand cables to transport equipment into wells for functions including data collecting and boosting well performance. One of the main factors propelling the expansion of the global wireline services market is the increase in ongoing drilling and completion activities.

Demand for wireline services is increasing as oil and gas production operations expand. Opportunities for the global wireline services market are being created by the rising need for cabling in the oil and gas fracking industries. The use of wireline services by businesses keeps oil and gas production activities affordable in terms of both time and money, expanding the potential for the global wireline services market.

US Wireline Services Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 22.5 billion

Largest Segment

Cased Hole

Fastest Growth

Cased Hole

Growth Rate

6.7% CAGR

Global Wireline Services Market ($ Bn)
Country Share for North America Region (%)
Global Wireline Services Market By Well Type ($ Bn)
Global Wireline Services Market By Well Type (%)

To get more reports on the above market click here to Buy The Report

Global Wireline Services Market Segmental Analysis

The Global Wireline Services Market is segmented based on the Well Type, Service, Location, Application, and Region. Based on the Well Type, the Global Wireline Services Market is segmented as Open Hole and Cased Hole. Based on the Service, the Global Wireline Services Market is segmented as Electric Line and Slick Line. Based on the Location, the Global Wireline Services Market is segmented as Onshore and Offshore. Based on the Application, the Global Wireline Services Market is segmented as Well Completion, Well Intervention, and Well Logging. Based on Region Wireline Services Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Wireline Services Market Analysis by Well Type

Due to the advantages the product offers, such as the ability to determine the status of the cement, corrosion, and perforation, the cased hole segment is anticipated to account for the biggest market share. Gamma-ray and neutron porosity may both pass through a cased hole. Additionally, measures of hydrocarbon saturation, porosity, and producibility can provide more accurate insights into thermal degradation and interval transit. The deployment of sensors to measure every element of reservoirs on-site and in real-time is expected to cause the open hole sector to expand at a significant rate as well.

Global Wireline Services Market By Well Type, 2021 (%)

To get detailed analysis on other segments, Request For Sample Report

Global Wireline Services Market Regional Insights

A large market share is anticipated for North America as a result of the rising amount of oil and gas finds with enormous potential for oilfield exploration. For instance, the United States crude oil output peaked in May 2020 at 12.2 million barrels per day (MMbpd). Exxon Mobil had intended to make a USD 33 billion first commitment for a liquefied natural gas project for the largest plant in Africa in July 2019. North America, where there is a substantial need for global wireline services market due to the shale boom in the country, is expected to experience significant market expansion. Huge investments in the oil and gas sector are being made by regional firms in the Middle East and Africa, which is driving up the price of oil and gas and driving up the need for a global wireline services market.

 

Global Wireline Services Market By Region, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Wireline Services Market Dynamics

Wireline Services Market Driver

Raising Awareness of Extending Life of Mature Oil Fields

  • Growing efforts to incorporate effective production methods to increase output and the presence of old and mature wells in diverse locations are expected to fuel market expansion. Mature fields produced nearly 70% of the total oil and gas output, according to a Halliburton survey. Therefore, by utilizing cutting-edge technologies like EOR technologies, these firms are largely focused on enhancing recovery and prolonging the life of older fields. The utilization of thermal EOR to improve heavy oil output contributes to the market's expansion.

Wireline Services Market Restraint

Volatility in Oil Prices and Rising Trend of Adopting Renewable Energy

  • The demand for oil and the supply of it are the main factors affecting its price, which varies greatly. The current low price of oil will probably cause projects to be delayed and investments to be affected. The oil and gas industry's services sector is projected to be impacted by the rising trend of integrating alternative energy sources, such as solar, wind, and hydro, which would lessen reliance on fossil fuels. As a result, the market expansion in the anticipated time frame will be constrained by the volatility in oil prices as well as the rising tendency toward the use of renewable energy.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global Wireline Services Market Competitive Landscape

The Global Wireline Services market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.

Wireline Services Market Top Player's Company Profiles

  • Halliburton Company
  • Schlumberger Limited
  • Baker Hughes Company
  • Weatherford International plc
  • Superior Energy Services, Inc.
  • China Oilfield Services Limited (COSL)
  • C&J Energy Services, Inc.
  • Expro Group
  • Pioneer Energy Services Corp.
  • National Oilwell Varco, Inc.
  • Oilserv Group
  • Basic Energy Services, Inc.
  • Wireline Engineering Ltd.
  • GE Oil & Gas
  • Nabors Industries Ltd.
  • FMC Technologies, Inc.
  • Welltec A/S
  • Archer Limited
  • Oceaneering International, Inc.
  • China National Offshore Oil Corporation (CNOOC)

Wireline Services Market Recent Developments

  • In May 2022, The Nexus OnCore Compact Control System was introduced by Baker Hughes subsidiary Nexus Controls broadening the range of Nexus OnCore Control Systems. This new system offers wireline services that may be deployed in awkward spaces, together with the digital toolkit and sophisticated diagnostic capabilities of a distributed control system (DCS). Additionally, the new system offers improved efficiency, a better awareness of assets, and operational optimization in controls that are often employed in wireline services.
  • In May 2022, Baker Hughes, an energy technology business, introduced the MS-2 Annulus Seal, a new subsea wellhead and wireline technology, in an effort to significantly cut operating rig expenses by reducing the overall cost of wellhead installation as a result of fewer rig visits. At the Houston Offshore Technology Conference in 2022, the new integrated sealing system was introduced to the world and shown. It has since been accepted by several clients in North and South America.

Global Wireline Services Key Market Trends

  • The need for oilfield services is rising as a result of offshore production. The global wireline services market will expand throughout the projection period as a consequence of the rising investment in subsea oil and gas assets. In order to improve the performance of their reservoirs, extend the life of their wells, and raise well productivity, oil field operators are making significant investments in offshore assets. In the upcoming year, deepwater operations are expected to increase.
  • Wireline services are being used more often in the oil and gas sector as a result of oilfield reserve discoveries and rising expenditure on the development of new projects. Compared to 10 billion barrels of oil equivalent, it has seen a rise in finds of roughly 8 billion barrels.

Global Wireline Services Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Wireline Services Market Analysis, the need for global wireline services market is anticipated to increase due to the rising worldwide demand for energy. For instance, the international energy organisation estimates that the demand for energy increased by over 4% in 2020 and 4% in 2021. As a result, there is a greater need for deep good exploration to maximize oil production from each well. Consequently, it is anticipated to fuel the expansion of the global wireline services market during the anticipated timeframe.

Report Metric Details
Market size value in 2021 USD 22.5 billion
Market size value in 2030 USD 37.73 billion
Growth Rate 6.7%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Well Type
    • Open Hole, Cased Hole
  • Service
    • Electric Line, Slick Line
  • Location
    • Onshore, Offshore
  • Application
    • Well Completion, Well Intervention, Well Logging
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Halliburton Company
  • Schlumberger Limited
  • Baker Hughes Company
  • Weatherford International plc
  • Superior Energy Services, Inc.
  • China Oilfield Services Limited (COSL)
  • C&J Energy Services, Inc.
  • Expro Group
  • Pioneer Energy Services Corp.
  • National Oilwell Varco, Inc.
  • Oilserv Group
  • Basic Energy Services, Inc.
  • Wireline Engineering Ltd.
  • GE Oil & Gas
  • Nabors Industries Ltd.
  • FMC Technologies, Inc.
  • Welltec A/S
  • Archer Limited
  • Oceaneering International, Inc.
  • China National Offshore Oil Corporation (CNOOC)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Wireline Services Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Wireline Services Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Wireline Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wireline Services Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Wireline Services Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Wireline Services Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

SPEAK TO AN ANALYST

FAQ's

Wireline Services Market size was valued at USD 22.5 billion in 2021 and is poised to grow from USD 24 billion in 2022 to USD 37.73 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

The Global Wireline Services market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'Halliburton Company', 'Schlumberger Limited', 'Baker Hughes Company', 'Weatherford International plc', 'Superior Energy Services, Inc.', 'China Oilfield Services Limited (COSL)', 'C&J Energy Services, Inc.', 'Expro Group', 'Pioneer Energy Services Corp.', 'National Oilwell Varco, Inc.', 'Oilserv Group', 'Basic Energy Services, Inc.', 'Wireline Engineering Ltd.', 'GE Oil & Gas', 'Nabors Industries Ltd.', 'FMC Technologies, Inc.', 'Welltec A/S', 'Archer Limited', 'Oceaneering International, Inc.', 'China National Offshore Oil Corporation (CNOOC)'

Growing efforts to incorporate effective production methods to increase output and the presence of old and mature wells in diverse locations are expected to fuel market expansion. Mature fields produced nearly 70% of the total oil and gas output, according to a Halliburton survey. Therefore, by utilizing cutting-edge technologies like EOR technologies, these firms are largely focused on enhancing recovery and prolonging the life of older fields. The utilization of thermal EOR to improve heavy oil output contributes to the market's expansion.

The need for oilfield services is rising as a result of offshore production. The global wireline services market will expand throughout the projection period as a consequence of the rising investment in subsea oil and gas assets. In order to improve the performance of their reservoirs, extend the life of their wells, and raise well productivity, oil field operators are making significant investments in offshore assets. In the upcoming year, deepwater operations are expected to increase.

A large market share is anticipated for North America as a result of the rising amount of oil and gas finds with enormous potential for oilfield exploration. For instance, the United States crude oil output peaked in May 2020 at 12.2 million barrels per day (MMbpd). Exxon Mobil had intended to make a USD 33 billion first commitment for a liquefied natural gas project for the largest plant in Africa in July 2019. North America, where there is a substantial need for global wireline services market due to the shale boom in the country, is expected to experience significant market expansion. Huge investments in the oil and gas sector are being made by regional firms in the Middle East and Africa, which is driving up the price of oil and gas and driving up the need for a global wireline services market.

Speak With Our Analyst

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Wireline Services Market

Product ID: SQMIG10B2078

$5,300
BUY NOW GET SAMPLE