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Wire line Services Market Size, Share & Growth Report | 2030

Wire line Services Market

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Segments - by Type (Electric Line and Slick Line), Hole Type (Open-hole and Cased-hole) Location of deployment (Onshore and Offshore) and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author:

Aamir Ansari

Fact-checked by:

Vineet Pandey

Editor:

Swapnil Hedau

Report Description

The wire line services market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for oil and gas.

Electric cables are used by gas and oil well operators for well intervention, pipeline recovery, and reservoir assessment via wire line services. Equipment for data gathering programs is transported into wells via a multi-strand cable. Wire line services are used for data transfer during work over activities. It's also used to figure out how much organic carbon and hydrocarbons are in a well. Due to increased production operations in the sector, the prospects for wire line services in the oil and gas business are promising. Due to the growing cabling demands of oil and gas fracking firms, the need for wire line services in the oilfield continues to expand.

Market Trends, Drivers, Restraints, and Opportunities

Growing knowledge of the need for maintaining quality of mature oil seeds is projected to fuel the market during the forecast period.
Rising emphasis on operational efficiency is key factor propelling the market in the coming years.
Fluctuation in oil prices are expected to hamper the market growth.
Lack of skilled labor act as major challenge that can restrict the market during the forecast period.
R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of the Report

The report on the Wire line Services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Wire line Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Type (Electric Line and Slick Line), Hole Type (Open-hole and Cased-hole) Location of deployment (Onshore and Offshore)
Geographical Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Expro International Group PLC; Schlumberger Limited; Baker Hughes Company; Halliburton Company; Weatherford International PLC

Market Segment Insights

The electric line segment is projected to hold a major market share

On the basis of type, the wire line services market is bifurcated into electric line and slick line. The electric line segment is expected to represent a key share of the market during the forecast period. The electrical line (E-line) is a cable that is used to lessen tools and transfer data to the surface and deployed tools. When data must be delivered to the surface, an e-line can perform the slick line task as well as assist in evaluating (logging) the formation. E-lines are made up of single or many strands. E-Line is a more value-added deployment technique since it can meet both criteria; it can act mechanically while collecting data on well conditions. The market for E-Line wire-line services has been expanding as the number of ancient wells (conventional) that require intervention and monitoring throughout the world has increased. Furthermore, many down-hole instruments that were formerly deployed using coiled tubing may now be deployed with E-Line, which is more cost-effective.

The cased hole segment is expected to grow at a rapid pace

Based on hole type, the wire line services market is divided into open-hole and cased-hole. The cased hole segment is expected to represent a key share of the market during the forecast period owing to determining the status of cement, corrosion, and perforation. Cased hole services involve taking logging measures using well chasing or metal pipe installed during the well completion process. Cased hole wire line services are critical for casing, cement assessment, and saturation logging, allowing operators to analyze the well capacity in detail and maximize output. In the case of a malfunction, it allows operators to take quick remedial action.

The onshore segment is anticipated to register expand at a rapid CAGR

In terms of location of deployment, the wire line services market is bifurcated into onshore and offshore. The onshore segment is expected to represent a key share of the market during the forecast period. Onshore drilling refers to any drilling that takes place on dry ground. Significant investments in shale gas have been made as part of the continuous trend toward using greener energy sources to minimize carbon emissions. Onshore activities for shale gas exploration have increased as a result of this. The expansion of the onshore sectors during the projected period is attributable to this trend in developing shale gas reserves.

North America is expected to dominate the market

On the basis of geography, the wire line services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. Wire line services are likely to be the most popular in North America. This is mostly owing to the huge number of onshore oil and gas platforms, harsh sea conditions, and stringent safety requirements that encourage drilling and completion services. In 2018, three major oil discoveries were made in the United States, including two in the Gulf of Mexico: Ballymore (545 Mb) at a depth of 2,000 m undersea and Appomattox (140 Mb) at a depth of 2,300 m. Aside from that, the Putu/Stony field in Alaska has yielded an onshore finding for the US (200 Mb).

Segments

Segments Covered in the Report
The wire line services market has been segmented on the basis of
Type

Electric Line
Slick Line

Hole Type

Open-hole
Cased-hole

Location of Deployment

Onshore
Offshore

Geography

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Expro International Group PLC
Schlumberger Limited
Baker Hughes Company
Halliburton Company
Weatherford International PLC

Competitive Landscape

Key players competing in the wire line services market include Expro International Group PLC, Schlumberger Limited; Baker Hughes Company, Halliburton Company, and Weatherford International PLC.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wire line Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wire line Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wire line Services Market - Supply Chain
  4.5. Global Wire line Services Market Forecast
     4.5.1. Wire line Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wire line Services Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wire line Services Market Absolute $ Opportunity
5. Global Wire line Services Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Wire line Services Market Size and Volume Forecast by Types
     5.3.1. Electric Line
     5.3.2. Slick Line
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wire line Services Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Wire line Services Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Wire line Services Demand Share Forecast, 2019-2026
7. North America Wire line Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Wire line Services Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Wire line Services Market Size and Volume Forecast by Types
     7.4.1. Electric Line
     7.4.2. Slick Line
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Wire line Services Demand Share Forecast, 2019-2026
8. Latin America Wire line Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Wire line Services Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Wire line Services Market Size and Volume Forecast by Types
     8.4.1. Electric Line
     8.4.2. Slick Line
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Wire line Services Demand Share Forecast, 2019-2026
9. Europe Wire line Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Wire line Services Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Wire line Services Market Size and Volume Forecast by Types
     9.4.1. Electric Line
     9.4.2. Slick Line
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Wire line Services Demand Share Forecast, 2019-2026
10. Asia Pacific Wire line Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Wire line Services Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Wire line Services Market Size and Volume Forecast by Types
     10.4.1. Electric Line
     10.4.2. Slick Line
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Wire line Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Wire line Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Wire line Services Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Wire line Services Market Size and Volume Forecast by Types
     11.4.1. Electric Line
     11.4.2. Slick Line
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Wire line Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Wire line Services Market: Market Share Analysis
  12.2. Wire line Services Distributors and Customers
  12.3. Wire line Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Expro International Group PLC
     12.4.2. Schlumberger Limited
     12.4.3. Baker Hughes Company
     12.4.4. Halliburton Company
     12.4.5. Weatherford International PLC

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