Wireline Services Market

Date: 2016-05

Wireline services is a cabling technology especially used by the Oil & Gas wells operators used to insert equipment or measurement devices inside the well for conducting well intervention, logging, completion, and reservoir evaluation. The measurement tools and equipment inserted into the well provide real-time data from the wells which helps field engineers to control the process parameters.

The prospects for wireline services in the O&G industry are remarkable due to the increasing production activities in the industry. Wireline services continue to rise in the oilfield due to the increasing cabling needs of the oil and gas companies. The wireline services help the companies in keeping the oil and gas production operations economical in terms of time and cost which acts as a major driver for global wireline services market.

The overall wireline services market has been segmented based on type, application, sector and by well type. Based on type, the market is segmented into electric line and stick line wireline. Based on application, the market is segmented into wireline logging, intervention, completion and recovery. By sector, the market is segmented into on-shore and off-shore; by well type, the market is classified into open hole and cased hole.

The global market for wireline services is estimated to be $XX billion in 2015. The global market for wireline services is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. Based on type, electric line wireline services is estimated to contribute to xx% of the overall market and is expected to grow with at a high rate with CAGR of xx%. Based on application, wireline intervention and logging are the major growth contributors. Growing off-shore O&G rigs is estimated to spur the growth of this market.

America is currently the largest market for wireline services globally, followed by Middle East and Africa. Americas contribute to xx% of the overall market and is estimated to grow with CAGR of xx% throughout the forecast period followed by Middle East and Africa. Asia-Pacific region is forecast to have highest growth in the next few years due to growing adoption of wireline services in O&G applications.

The major players operating in this market include:
Schlumberger Ltd.
Halliburton Co.
Baker Hughes Inc.
Weatherford International
National Oilwell Varco Inc. amongst others.

Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2015 are provided. Drivers, challenges and constraints which control the profitability of an industry is also analyze in the report.

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