North America Wireline Services Market Industry | 2031

North America Wireline Services Market Industry | 2031

Segments - North America Wireline Services Market by Type (Electric Line and Slick Line), Hole Type (Open Hole and Cased Hole), Deployment (Onshore and Offshore), and Geography (United States, Canada, and Rest of North America) - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-1778 | 4.3 Rating | 68 Reviews | 186 Pages | Format : PDF Excel PPT

Report Description


The North America Wireline Services Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 7% during the forecast period, 2023 – 2031. The growth of the market is attributed to the transition toward unconventional resources.

Electric cables are used by gas and oil well operators for well intervention, pipeline recovery, and reservoir assessment via wireline services. Equipment for data gathering programs is transported into wells via a multi-strand cable. Wireline services are used for data transfer during workover 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 wireline services in the oil and gas business are promising. Due to the growing cabling demands of oil and gas fracking firms, the need for wireline services in the oilfield continues to expand.

North America Wireline Services Market Outlook

  • Liberalization of the Mexican oil and gas sector as well as mature and diminishing fields is estimated to fuel the market during the forecast period.

  • Reduced crude oil prices are expected to hamper the market growth.

  • Rising focus on renewable energy act as major challenge that can hinder the market growth 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 North America wireline 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

North America Wireline Services Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Electric Line and Slick Line), Hole Type (Open Hole and Cased Hole), and Deployment (Onshore and Offshore)

Geographical Scope

United States, Canada, and Rest of North America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Nextier Oilfield Solutions Inc.; Baker Hughes Company; Halliburton Company; Schlumberger Limited; and Weatherford International plc.

 

Market Segment Insight

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

On the basis of type, the North America wireline services market is divided 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 slickline 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.

North America Wireline Services Market Type

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

Based on hole segment, the North America wireline services market is bifurcated 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 wireline logging services are critical for casing, cement assessment, and saturation logging, allowing operators to analyze the well capacity in detail and maximize output. It also enables operators to take rapid corrective action in the event of a problem.

The onshore segment is estimated to expand at a rapid CAGR

In terms of deployment, the North America wireline 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.

The United States is anticipated to dominate the market

On the basis of geography, the North America wireline services market is classified as the United States, Canada, and Rest of North America. The United States is anticipated to dominate the market during the forecast period. The advances in shale technology are likely to boost demand for wireline services. Over 46 billion barrels of oil, 280 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids are trapped in the United States' low-permeability shale formations, according to the United States geological survey (USGS).

Segments

The North America wireline services market has been segmented on the basis of

Type

  • Electric Line
  • Slick Line

Hole Type

  • Open Hole
  • Cased Hole

Deployment

  • Onshore
  • Offshore

Geography

  • United States
  • Canada
  • Rest of North America

Key Players

  • Nextier Oilfield Solutions Inc.
  • Baker Hughes Company
  • Halliburton Company
  • Schlumberger Limited
  • Weatherford International plc

Competitive Landscape

Key players competing in the North America Wireline Services market include Nextier Oilfield Solutions Inc., Baker Hughes Company, Halliburton Company, Schlumberger Limited, 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.

North America Wireline Services Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireline 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. Wireline Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wireline Services Market - Supply Chain
  4.5. Global Wireline Services Market Forecast
     4.5.1. Wireline Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wireline Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Wireline Services Market Absolute $ Opportunity
5. Global Wireline 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. Wireline 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 Wireline 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. Wireline 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 Wireline Services Demand Share Forecast, 2019-2026
7. North America Wireline 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 Wireline 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 Wireline 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 Wireline Services Demand Share Forecast, 2019-2026
8. Latin America Wireline 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 Wireline 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 Wireline 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 Wireline Services Demand Share Forecast, 2019-2026
9. Europe Wireline 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 Wireline 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 Wireline 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 Wireline Services Demand Share Forecast, 2019-2026
10. Asia Pacific Wireline 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 Wireline 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 Wireline 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 Wireline Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Wireline 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 Wireline 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 Wireline 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 Wireline Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Wireline Services Market: Market Share Analysis
  12.2. Wireline Services Distributors and Customers
  12.3. Wireline Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Nextier Oilfield Solutions Inc.
     12.4.2. Baker Hughes Company
     12.4.3. Halliburton Company
     12.4.4. Schlumberger Limited
     12.4.5. Weatherford International plc

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