The Global Wireline Services Market is projected to grow at a CAGR of 2.1% from 2016 to 2021, to reach a market size of USD 9.15 Billion by 2021. This growth is attributed to increasing oil production and maturing oilfields. The report segments the wireline market on the basis of hole type into cased-hole and open hole. The cased-hole segment is projected to dominate the wireline services market and is expected to grow at the highest CAGR from 2016 to 2021.
Browse 89 market data tables and 56 figures spread through 165 pages and in-depth TOC on “Wireline Services Market by Application (Onshore & Offshore), Type (Electricline & Slickline), Services (Completion, Intervention, & Logging), Hole Type (Cased Hole & Open Hole), and Region - Global Forecasts to 2021”
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The onshore segment led the Wireline Services Market in 2015, owing to the increasing demand for wireline services across the globe. This segment is primarily driven by high number of maturing fields in onshore regions. Moreover, the ease of mobility is high in onshore regions which allows for multiple usages of wireline services, and is expected to create new revenue pockets for the wireline services market during the forecast period.
With regard to the hole type segment, cased-hole is expected to be the largest market in 2016. When a portion of a well has a metal casing placed and cemented to protect from pressures, fluids etc., it is called as cased-hole and these cased-hole services increases wellbore stability. The cased-hole applications further includes electricline and slickline. The electricline is estimated to be the largest sub-segment within the cased-hole wireline services due to advantages such as real time data collection, versatility, and accuracy.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Wireline Services Market. These players include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International PLC (Switzerland), and Superior Energy Services (U.S.). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.
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The Wireline Services Market has been analyzed with respect to six regions, namely, North America, Asia-Pacific, Europe, the Middle East, Africa, and South America. North America is expected to dominate the global wireline services market, given the increasing shale gas production in U.S. and the offshore production in the U.S. Gulf of Mexico.
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