Global Wireline Services Market to Reach US$33.8 bn by 2022, Propelled by Increasing Drilling Activities.

Transparency Market Research has published a new research report on the global wireline services market. As per the report, the global wireline services market was valued at US$18 bn in 2013 and is predicted to reach US$33.8 bn by 2022. The report, titled ‘Wireline Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022’, states that the global wireline services market is predicted to rise at an 8.94% CAGR during the period from 2014 to 2022 owing to growing exploration of hydrocarbon sources and increase in drilling activities.

Wireline, a cabling technology, is used to lower measurement equipment and devices inside the well for well intervention, completion, logging, and reservoir evaluation. The measurement equipment and tools display real-time information from the wells, thus helping field engineers and other experts better manage the process parameters. Companies offering wireline services offer two types of services, namely wireline fleets and wireline units, which are mounted with the drilling rig. Some of the leading companies offering wireline services in the global market are GE Oil & Gas, FMC Technologies, Inc., Superior Energy Services Inc., Allied-Horizontal Wireline Services LLC., Baker Hughes Incorporated, Halliburton Company, Pioneer Energy Services Corporation, Weatherford International, Schlumberger Limited, and C&J Energy Services Inc. 

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The global wireline services market is segmented on the basis of application, technology, and region. Based on application, the global wireline services market is classified into well intervention, well completion, and well logging. In 2013, the global wireline services market was dominated by the well completion segment, which accounted for 64.95% of the market. The well intervention application segment was the smallest segment in 2013. Based on technology, the global wireline services market is divided into electric line and slickline segments. In 2013, the global wireline services market was dominated by the slickline segment, which accounted for 71.13% of the market.

Slickline services are commonly used to recover and place wellbore devices and equipment into the well. Slicklines are primarily used at offshore locations to lower blowout preventers (BOP). Slicklines consist of metal wires that range from 0.108 inches to 0.125 inches. Electric lines are available in the form of heavy and strong wirelines. The inner wire in the electric line is generally insulated and transmits electric power to other equipment and tools inside the wellbore. Electric line services are required for tube perforating and well logging operations.

By geography, the global wireline services market is classified into North America, South and Central America, Europe, the Middle East and Africa, and Asia Pacific. Currently, the global wireline services market is led by the North America region, followed by Asia Pacific. North America is expected to maintain its dominant position during the forecast period. The Middle East and Africa and Europe are expected to attract many emerging companies in the near future.

Browse the full Wireline Services Market By Application (Well Intervention, Well Logging, and Well Completion) and By Technology (Slickline and Electric Line) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2022 report at : http://www.transparencymarketresearch.com/wireline-services-market.html
 

Key segments of Global Wireline Services Market

Wireline Services Market: By Application

• Well Intervention
• Well Logging
• Well Completion

Wireline Services Market: By Technology

• Slickline
• Electric Line

Wireline Services Market: By Region

• North America
  • U.S.
  • Rest of North America
• South & Central America
  • Brazil
  • Rest of South & Central America
• Europe
  • Russia
  • Norway
  • Rest of Europe
• Asia Pacific
  • China
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• Middle East & Africa
  • Nigeria
  • Saudi Arabia
  • Rest of Middle East & Africa

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