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Global Hydraulic Workover Units Market Size Study & Forecast, by Capacity (50 tons, 51 to 150 tons, Above 150 tons), By Installation (Skid Mount, Trailer Mount), By Services (Workover, Snubbing), By Application (Onshore, Offshore), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G9EE4B10B8C0EN
Bizwit Research & Consulting LLP

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Global Hydraulic Workover Units Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Hydraulic Workover Unit (HWO) is a versatile and powerful piece of equipment used in the oil and gas industry for various well intervention operations. It is essentially a mobile hydraulic rig that can be deployed on both onshore and offshore well sites to perform a range of tasks without the need for a conventional drilling rig. Moreover, the increasing oil and gas exploration and production activities, expansion of unconventional oil and gas development, and rising primary energy consumption are anticipated to create the lucrative demand for the market during the forecast period 2023-2030.

Additionally, the demand for Hydraulic Workover Units is closely tied to the level of oil and gas exploration and production activities worldwide. As companies continue to explore and develop hydrocarbon reserves, the need for well intervention services provided by HWO units increases. According to Statista, in 2020, the oil production in the United States was 713.3 million metric tons and the oil exploration activities increased significantly and the oil production reached 759.5 million metric tons in 2022. As a result, the rising oil exploration activities are anticipated to create a lucrative opportunity for the market during the forecast period. Moreover, the growing focus on maximizing oil and gas recovery, and growing advancements in hydraulic technology, automation, and control systems are anticipated to create a lucrative opportunity for the market. However, the increasing focus on renewable energy and volatility in oil prices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hydraulic Workover Units Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing number of ageing oil and gas wells, continuous technological advancements in HWO units, focus on maximizing production and asset optimization, and rapid development of offshore resources. Whereas the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the increasing investment in oilfield services, rising oil and gas exploration and production activities, ageing well infrastructure, and increasing investments in infrastructure development.

Major market players included in this report are:

Superior Energy Services (Netherlands)

Joeny Holdings (Nigeria)

EEST Energy Services Limited (Thailand)

Velesto Energy Berhad (Malaysia)

Noble GA Engineering & Services (Malaysia)

Canadian Energy Equipment Manufacturing FZE (United Arab Emirates)

ENEXD Group (Dubai)

Handal Energy Berhad (Malaysia)

High Arctic Energy Services (Canada)

Cudd Energy Services (U.S.)

Recent Developments in the Market:
  • In September 2022, Helix Energy Solutions Group announced a two-year extension agreement for its well intervention charter and services. This negotiated extension, set to conclude in December 2024, seamlessly follows Helix's existing contracts with Petrobras. The extension provides a stable and predictable revenue stream for Helix Energy Solutions Group, encouraging continued investment in HWU technology and services.
Global Hydraulic Workover Units Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Capacity, Installation, Services, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Capacity:

50 tons

51 to 150 tons

Above 150 tons

By Installation:

Skid Mount

Trailer Mount

By Services:

Workover

Snubbing

By Application:

Onshore

Offshore

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Hydraulic Workover Units Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Hydraulic Workover Units Market, by Capacity, 2020-2030 (USD Billion)
  1.2.3. Hydraulic Workover Units Market, by Installation, 2020-2030 (USD Billion)
  1.2.4. Hydraulic Workover Units Market, by Services, 2020-2030 (USD Billion)
  1.2.5. Hydraulic Workover Units Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL HYDRAULIC WORKOVER UNITS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL HYDRAULIC WORKOVER UNITS MARKET DYNAMICS

3.1. Hydraulic Workover Units Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing number of oil and gas exploration and production activities
    3.1.1.2. Expansion of unconventional oil and gas development initiatives
    3.1.1.3. Rising primary energy consumption
  3.1.2. Market Challenges
    3.1.2.1. Increasing focus on renewable energy
    3.1.2.2. Volatility in oil prices
  3.1.3. Market Opportunities
    3.1.3.1. Growing focus on maximizing oil and gas recovery
    3.1.3.2. Rising advancements in hydraulic technology, automation, and control systems

CHAPTER 4. GLOBAL HYDRAULIC WORKOVER UNITS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL HYDRAULIC WORKOVER UNITS MARKET, BY CAPACITY

5.1. Market Snapshot
5.2. Global Hydraulic Workover Units Market by Capacity, Performance - Potential Analysis
5.3. Global Hydraulic Workover Units Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
5.4. Hydraulic Workover Units Market, Sub Segment Analysis
  5.4.1. 50 tons
  5.4.2. 51 to 150 tons
  5.4.3. Above 150 tons

CHAPTER 6. GLOBAL HYDRAULIC WORKOVER UNITS MARKET, BY INSTALLATION

6.1. Market Snapshot
6.2. Global Hydraulic Workover Units Market by Installation, Performance - Potential Analysis
6.3. Global Hydraulic Workover Units Market Estimates & Forecasts by Installation 2020-2030 (USD Billion)
6.4. Hydraulic Workover Units Market, Sub Segment Analysis
  6.4.1. Skid Mount
  6.4.2. Trailer Mount

CHAPTER 7. GLOBAL HYDRAULIC WORKOVER UNITS MARKET, BY SERVICES

7.1. Market Snapshot
7.2. Global Hydraulic Workover Units Market by Services, Performance - Potential Analysis
7.3. Global Hydraulic Workover Units Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
7.4. Hydraulic Workover Units Market, Sub Segment Analysis
  7.4.1. Workover
  7.4.2. Snubbing

CHAPTER 8. HYDRAULIC WORKOVER UNITS MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Hydraulic Workover Units Market by Application, Performance - Potential Analysis
8.3. Global Hydraulic Workover Units Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Hydraulic Workover Units Market, Sub Segment Analysis
  8.4.1. Onshore
  8.4.2. Offshore

CHAPTER 9. GLOBAL HYDRAULIC WORKOVER UNITS MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Hydraulic Workover Units Market, Regional Market Snapshot
9.4. North America Hydraulic Workover Units Market
  9.4.1. U.S. Hydraulic Workover Units Market
    9.4.1.1. Capacity breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Installation breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Services breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Hydraulic Workover Units Market
9.5. Europe Hydraulic Workover Units Market Snapshot
  9.5.1. U.K. Hydraulic Workover Units Market
  9.5.2. Germany Hydraulic Workover Units Market
  9.5.3. France Hydraulic Workover Units Market
  9.5.4. Spain Hydraulic Workover Units Market
  9.5.5. Italy Hydraulic Workover Units Market
  9.5.6. Rest of Europe Hydraulic Workover Units Market
9.6. Asia-Pacific Hydraulic Workover Units Market Snapshot
  9.6.1. China Hydraulic Workover Units Market
  9.6.2. India Hydraulic Workover Units Market
  9.6.3. Japan Hydraulic Workover Units Market
  9.6.4. Australia Hydraulic Workover Units Market
  9.6.5. South Korea Hydraulic Workover Units Market
  9.6.6. Rest of Asia Pacific Hydraulic Workover Units Market
9.7. Latin America Hydraulic Workover Units Market Snapshot
  9.7.1. Brazil Hydraulic Workover Units Market
  9.7.2. Mexico Hydraulic Workover Units Market
9.8. Middle East & Africa Hydraulic Workover Units Market
  9.8.1. Saudi Arabia Hydraulic Workover Units Market
  9.8.2. South Africa Hydraulic Workover Units Market
  9.8.3. Rest of Middle East & Africa Hydraulic Workover Units Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Superior Energy Services (Netherlands)
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Joeny Holdings (Nigeria)
  10.3.3. EEST Energy Services Limited (Thailand)
  10.3.4. Velesto Energy Berhad (Malaysia)
  10.3.5. Noble GA Engineering & Services (Malaysia)
  10.3.6. Canadian Energy Equipment Manufacturing FZE (United Arab Emirates)
  10.3.7. ENEXD Group (Dubai)
  10.3.8. Handal Energy Berhad (Malaysia)
  10.3.9. High Arctic Energy Services (Canada)
  10.3.10. Cudd Energy Services (U.S.)

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global Hydraulic Workover Units Market, report scope
TABLE 2. Global Hydraulic Workover Units Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Hydraulic Workover Units Market estimates & forecasts by Capacity 2020-2030 (USD Billion)
TABLE 4. Global Hydraulic Workover Units Market estimates & forecasts by Installation 2020-2030 (USD Billion)
TABLE 5. Global Hydraulic Workover Units Market estimates & forecasts by Services 2020-2030 (USD Billion)
TABLE 6. Global Hydraulic Workover Units Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 7. Global Hydraulic Workover Units Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Hydraulic Workover Units Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Hydraulic Workover Units Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Hydraulic Workover Units Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Hydraulic Workover Units Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Hydraulic Workover Units Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Hydraulic Workover Units Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Hydraulic Workover Units Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Hydraulic Workover Units Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Hydraulic Workover Units Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Hydraulic Workover Units Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Hydraulic Workover Units Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Hydraulic Workover Units Market
TABLE 72. List of primary sources, used in the study of global Hydraulic Workover Units Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Hydraulic Workover Units Market, research methodology
FIG 2. Global Hydraulic Workover Units Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Hydraulic Workover Units Market, key trends 2022
FIG 5. Global Hydraulic Workover Units Market, growth prospects 2023-2030
FIG 6. Global Hydraulic Workover Units Market, porters 5 force model
FIG 7. Global Hydraulic Workover Units Market, pest analysis
FIG 8. Global Hydraulic Workover Units Market, value chain analysis
FIG 9. Global Hydraulic Workover Units Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Hydraulic Workover Units Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Hydraulic Workover Units Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Hydraulic Workover Units Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Hydraulic Workover Units Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Hydraulic Workover Units Market, regional snapshot 2020 & 2030
FIG 15. North America Hydraulic Workover Units Market 2020 & 2030 (USD Billion)
FIG 16. Europe Hydraulic Workover Units Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Hydraulic Workover Units Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Hydraulic Workover Units Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Hydraulic Workover Units Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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