The North America wireline services market size is estimated to expand at a substantial CAGR during the forecast period, 2021–2028. 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.
Market Trends, Drivers, Restraints, and Opportunities
- 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
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Details
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Report Title
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North America Wireline Services Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type (Electric Line and Slick Line), Hole Type (Open Hole and Cased Hole), and Deployment (Onshore and Offshore)
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Geographical Scope
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United States, Canada, and Rest of North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nextier Oilfield Solutions Inc.; Baker Hughes Company; Halliburton Company; Schlumberger Limited; and Weatherford International plc.
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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.

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
Segments Covered in the Report
The North America wireline services market has been segmented on the basis of
Type
Hole Type
Deployment
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.
