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Wireline Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: W9CDDABF1F16EN
IMARC Group

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The global wireline services market size reached US$ 11.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.12% during 2023-2028.

Wireline services are used for lowering measuring devices or equipment into a well for reservoir evaluation, well intervention, and pipe recovery purposes. They employ cabling technology to obtain valuable and actionable real-time data to maximize the understanding of reservoirs and guide critical decisions. These services assist in identifying downhole issues, detecting bypassed production, and providing accurate assessments to ensure maximum recovery of reserves. Moreover, they help reduce the overall costs by eliminating the need for maintenance and non-operational rig downtime. In recent years, wireline services have gained traction in the oil and gas industry for various activities, including exploration, drilling, stimulation, completion and intervention, due to their cost-effectiveness, high data speed and advanced communication technology.

Wireline Services Market Trends:
Wireline services offer several advantages, such as evaluating rock properties, sample recovery, information gathering for pore size, and pressure gathering for production fluid formation. As a result, the expanding oil and gas sector and the rising exploration, production and completion activities represent the primary factors driving the market growth. Additionally, since the production life of offshore oil and gas reservoirs is higher than onshore oil and gas reservoirs, there has been a significant shift toward offshore exploration and production (E&P) activities. This, in confluence with the implementation of favorable government policies, is propelling the market growth. Besides this, the growing popularity of electric wireline services for well logging purposes is catalyzing the product demand. Furthermore, with the discovery of oil and gas fields, the key players are heavily investing in offshore assets to enhance the overall productivity, lifecycle of the well, and reservoir performance, which in turn is accelerating the adoption of wireline services. Other factors, including the increasing deepwater and shallow water drilling activities, escalating demand for energy, product innovations, and technological advancements, are also creating a positive market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wireline services market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on wireline type, service type, hole type and application.

Breakup by Wireline Type:

Electric Line
Slickline

Breakup by Service Type:

Completion
Intervention
Logging

Breakup by Hole Type:

Open Hole
Cased Hole

Breakup by Application:

Onshore
Offshore

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer Limited, Baker Hughes Company, Expro Group, Halliburton Company, NexTier Oilfield Solutions Inc., NOV Inc., OiLSERV, Pioneer Energy Services Corp., Schlumberger Limited, SGS SA, Superior Energy Services Inc. and Weatherford International plc.

Key Questions Answered in This Report:
How has the global wireline services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wireline services market?
What are the key regional markets?
What is the breakup of the market based on the wireline type?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the hole type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wireline services market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL WIRELINE SERVICES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY WIRELINE TYPE

6.1 Electric Line
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Slickline
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY SERVICE TYPE

7.1 Completion
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Intervention
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Logging
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY HOLE TYPE

8.1 Open Hole
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cased Hole
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Onshore
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Offshore
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Archer Limited
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
  15.3.2 Baker Hughes Company
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Expro Group
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Halliburton Company
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 NexTier Oilfield Solutions Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 NOV Inc.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 OiLSERV
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Pioneer Energy Services Corp.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 SWOT Analysis
  15.3.9 Schlumberger Limited
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 SGS SA
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
  15.3.11 Superior Energy Services Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Weatherford International plc
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Wireline Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Wireline Services Market Forecast: Breakup by Wireline Type (in Million US$), 2023-2028
Table 3: Global: Wireline Services Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
Table 4: Global: Wireline Services Market Forecast: Breakup by Hole Type (in Million US$), 2023-2028
Table 5: Global: Wireline Services Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Wireline Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Wireline Services Market: Competitive Structure
Table 8: Global: Wireline Services Market: Key Players

LIST OF FIGURES

Figure 1: Global: Wireline Services Market: Major Drivers and Challenges
Figure 2: Global: Wireline Services Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Wireline Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Wireline Services Market: Breakup by Wireline Type (in %), 2022
Figure 5: Global: Wireline Services Market: Breakup by Service Type (in %), 2022
Figure 6: Global: Wireline Services Market: Breakup by Hole Type (in %), 2022
Figure 7: Global: Wireline Services Market: Breakup by Application (in %), 2022
Figure 8: Global: Wireline Services Market: Breakup by Region (in %), 2022
Figure 9: Global: Wireline Services (Electric Line) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Wireline Services (Electric Line) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Wireline Services (Slickline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Wireline Services (Slickline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Wireline Services (Completion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Wireline Services (Completion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Wireline Services (Intervention) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Wireline Services (Intervention) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Wireline Services (Logging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Wireline Services (Logging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Wireline Services (Open Hole) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Wireline Services (Open Hole) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Wireline Services (Cased Hole) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Wireline Services (Cased Hole) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Wireline Services (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Wireline Services (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Wireline Services (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Wireline Services (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia-Pacific: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia-Pacific: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Wireline Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Wireline Services Market: Breakup by Country (in %), 2022
Figure 75: Middle East and Africa: Wireline Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Wireline Services Industry: SWOT Analysis
Figure 77: Global: Wireline Services Industry: Value Chain Analysis
Figure 78: Global: Wireline Services Industry: Porter's Five Forces Analysis


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