Global Well Intervention Market is expected to rise from its initial estimated value of USD 8.75 billion in 2018 to an estimated value of USD 13.37 billion by 2026, registering a CAGR of 5.45% in the forecast period of 2019-2026. Increasing demand for energy is the major factor driving the growth of this market.
In this well intervention report, market segmentation study covers research and analysis which is based on numerous market and industry segments such as application, vertical, deployment model, end user, and geography. Whereas competitive analysis studies of this market report provides ideas about the strategies of key players in the market. Some of the competitor strategies can be mentioned here as new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. Besides, the market share of major competitors on global level is also studied where key areas such as Europe, North America, Asia Pacific and South America are taken into account in this well intervention market research report.
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Major Market Competitors/Players
Few of the major competitors currently working in the well intervention market are Halliburton, Schlumberger Limited, Baker Hughes, a GE company, Weatherford, C&J Energy Services, Inc., Superior Energy Services, Inc., Expro Group, OiLSERV, ALTUS INTERVENTION, Welltec, TRICAN, National Oilwell Varco, PRECISION DRILLING CORPORATION, Odfjell Drilling Ltd., Axis Well Technology.
Increasing oil & gas production is driving the growth of this market
Rising discoveries in new oilfield is another factor driving the growth of this market
Rising demand for renewable energy is restraining the growth of this market
Increasing prevalence of artificial lift technique is another factor restraining the growth of this market
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
Segmentation: By Service
( Logging & Bottomhole Survey, Tubing & Packer Failure & Repair, Stimulation,Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, Reperforation, Others)
By Intervention Type
( Light Well Intervention, Medium Well Intervention, Heavy Well Intervention)
(North America,South America,Europe,Asia-Pacific,Middle East and Africa)
Key Developments in the Market:
In September 2018, Halliburton Company announced the launch of their Xaminer Magnetic Resonance Service which is specially designed to improve the reservoir insight. They can provide information related to the data including 2D and 3D fluid characterization. They are specially designed to improve the data quality and will increase reliability.
In January 2016, Schlumberger announced that they have acquired Peak Well Systems. The main of the acquisition is to improve the product portfolio and to expand their business worldwide. This will also help them to provide better fully integrated well interventions on mechanical slickline, electric line and digital slickline.
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Global well intervention market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of well intervention market for global, Europe, North America, Asia-Pacific and South America.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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