Wireline Logging Services Market Will Grow $25.46 Billion by 2019


Posted April 22, 2015 by lauriehurdle

The growing demand of energy with increasing investments in offshore and unconventional exploration and production activities is expected to drive the global wireline logging services market.

 
The report Wireline Logging Services Market by Hole Type (Cased Hole, Open Hole), by Wireline Type (Electricline, Slickline) & Geography (Asia-Pacific, Europe, Middle East, Africa, North America, South America) - Global Trends & Forecast to 2019, defines and segments the wireline logging services market with an analysis and forecast of the global revenue.

Browse 70 market data tables and 29 figures spread through 171 Pages and in-depth TOC on “Wireline Logging Services Market

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The global wireline logging services market will grow from an estimated $15.58 billion in 2014 to $25.46 billion in 2019 at a CAGR of 10.3% between 2014 and 2019. North America is expected to lead the global wireline logging services market with a share of about 45% in terms of value in 2014.

The wireline logging services market is likely to grow reasonably in the upcoming years. The long-term drivers of the wireline logging services market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water and unconventional onshore areas, which pose High Temperature High Pressure (HPHT) conditions where wireline logging plays a crucial role in order to produce hydrocarbons.

Major value generation activities of the market are recorded in North America and the remaining regions are growing at a higher rate with the exploration of new reserves, creating growth prospects for the wireline logging services market. The North American market is reaching towards a stage of maturity and the movement in the market will mainly be subjected to competition.

The wireline logging services market has great opportunities outside North America; however, its growth depends upon many reasons that include environmental objections and a subsequent ban on certain logging techniques in few countries, which are key hurdles for the growth of this market.

The wireline logging services market is highest in North America, where many leading oil field service companies operate including Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), and other medium and small players. While the North American wireline services market is reaching its maturity, the other geographic regions are exhibiting a decent growth rate, owing to the new development of hydrocarbon reserves.

The market has been estimated from the demand point of view. This report breaks the market into smaller service segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 10 companies in the wireline logging services market.

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Issued By MarketsandMarkets
Website Wireline Logging Services Market
Phone +1-888-600-6441
Business Address North - Dominion Plaza, 17304 Preston Road
Dallas
Country United States
Categories Energy , Research
Tags borehole , energy , power , wireline , wireline logging , wireline logging services
Last Updated April 22, 2015