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Wireline Logging Services Market is Expected to Generate Huge Profits during 2020 – 2022

Author : Ronak Bora | Published Date : 2020-08-31 

Wireline logging services market size is anticipated to be worth USD 24 billion by 2022. Moreover, continuously changing consumer needs along with evolving standards are expected to boost the industry revenue over the next few years. Decentralization, providing of subsoil property rights to property owners, and strict regulations & contracts will favorably influence industry growth. Booming oil & gas sector is predicted to further contribute towards the wireline logging services industry growth over the coming years.

Escalating demand for real-time data collection via electric tools and rising need for non-conventional energy resources will drive wireline logging services market growth over the coming years. Introduction of new technologies has resulted in high capital investments in exploration & production activities, thereby encouraging the industry trends.

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Wireline logging services market is segmented into cased-hole logging and open hole logging services. Cased hole logging services industry, which accounted for 75% of the global wireline logging services market share in 2014, is expected to maintain its dominance over the coming five years. Open hole logging services is likely to cross a revenue of USD 5 billion by 2022. Heavy demand for new wireline logging services for ultra-deep water reserves are predicted to drive the growth.

E-Line services are expected to experience massive growth opportunities owing to broad application across numerous E&P activities. In addition, its ability to transmit electric data by providing a communication pathway through downhole equipment and the surface is predicted to further contribute to growth.

Key insights from the report include:

Slickline technology was valued at over USD 6 billion in 2014 and is forecast to grow at 7.4% CAGR from 2015 to 2022. The technology is predicted to witness substantial growth prospects owing to its high importance for maintaining the production levels of well through intervention and logging processes.

Open hole logging services include reservoir testing & fluid sampling, geological services, formation evaluation, and hostile slimhole tools. It is forecast to be the most attractive segment and is likely to surpass USD 5 billion by 2022.

Cased hole logging service is anticipated to continue dominance over the next seven years. They are likely to be valued at more than USD 18.5 billion by 2022, growing at a 6.6% from 2015 to 2022.

U.S. wireline logging services market growth can be associated to rising number of wells in both onshore and offshore areas accompanied by increasing shale exploration.

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Notable industry players are Schlumberger, Baker Hughes, Weatherford International, Halliburton, Superior Energy Services, etc. Wireline logging services market share is consolidated in nature, with significant technological developments and R&D viewed as key strategies.

Table of Contents (ToC) of the report:

Chapter 3.     Wireline Logging Services Market Insights

3.1.    Industry Segmentation

3.2.    Industry Size and forecast

3.3.    Industry ecosystem analysis

3.4.    Industry Impact forces

3.4.1.     Growth drivers

3.4.2.    Industry pitfalls & challenges

3.5.    Growth potential analysis

3.6.    Porter's analysis

3.7.    Company market share, 2014

3.8.    PESTEL analysis

Chapter 4.     Wireline Logging Services Hole Type Insights

4.1.    Wireline logging services market share by hole type, 2014 & 2022

4.2.    Open hole

4.2.1.    Global market estimates and forecasts by region, 2012 - 2022

4.3.    Cased hole

4.3.1.    Global market estimates and forecasts by region, 2012 - 2022

Chapter 5.     Wireline Logging Services Technology Insights

5.1.    Wireline logging services market share by technology, 2014 & 2022

5.2.    Slickline

5.2.1.    Global market estimates and forecasts by region, 2012 - 2022

5.3.    E-Line

5.3.1.    Global market estimates and forecasts by region, 2012 - 2022

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/wireline-logging-services-market-size

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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