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Global Well Testing Services Market: By Service: Down-Hole Testing, Real Time Well Testing, Reservoir Sampling and Analysis, Surface Well Testing; By Stage: Exploration, Appraisal, and Development, Production; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Well Testing Services Market Outlook
The global well testing services market reached a value of about USD 9.2 billion in 2020. The market is further expected to grow at a CAGR of 3% in the forecast period of 2023-2028 to reach a value of approximately USD 11 billion by 2026.
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Real Time Well Testing Services Accounted for the Leading Market Share
The real time well testing segment, among other services, dominated the global market owing to its ability to provide optimised and stabilised results and relatively high accuracy. The real time well testing services are followed by the downhole testing services. The downhole testing service is known for its cost-effectiveness and accounts for a significant share in the industry. Currently, the surface well testing services account for a minor share in the industry, but it is expected to witness a healthy growth in the coming years.
North America Well Testing Services Market to be Aided by Rising Shale Gas Activities
The market is dominated by the North America region. The demand is growing in the region due to the growing shale gas activities in the United States and the rising investments in the exploration and production (E&P) activities. Other significant markets for the product include the Middle East and Africa and Europe. Within the Asia Pacific, increasing E&P expenditure in countries like China, Malaysia, and India is expected to provide enhanced growth opportunities for the market expansion.
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Well Testing Services: Market Segmentation
Well testing refers to the acquisition of information and data in order to know the properties of the reservoir and the rock formation. The ultimate aim of well testing is to understand and monitor the capacity of reservoirs to generate hydrocarbons like oil, gas, condensates, and others. The well testing process has multiple applications, such as fluid characterisation, reservoir characterisation, formation pressure measurement, and permeability and skin interpretation, in the oil and gas industry.
Based on services, the market is divided into:
- Down-Hole Testing
- Real Time Well Testing
- Reservoir Sampling and Analysis
- Surface Well Testing
Based on stage, the industry can be segmented into:
- Exploration, Appraisal, and Development
- Production
On the basis of application, the market is divided into:
- Onshore
- Offshore
The regional markets for the service include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Oil Drilling Activities to Support the Global Well Testing Services Market
The global well testing services market is being driven by the rising demand for energy across the globe, growing exploration and production (E&P) expenditure, and a rise in drilling activities. The increase in oil and gas discoveries in different parts of the world and favourable regulatory policies are creating new opportunities for the players, and thus, propelling the overall industry forward.
The regions like the United States and Canada are expected to witness a rise in shale gas and drilling activities and contribute to enhanced oil production, thus, aiding the market growth in North America.
Over the forecast period, the adoption of high precision measurement while drilling and reservoir condition measurement instruments are expected to increase, which will significantly aid the market growth. The rapid technological advancements and developing oil and gas industry are expected to have a positive effect on the expansion of the market. However, volatile crude oil prices might hamper the industry growth.
Key Industry Players in the Global Well Testing Services Market
The report gives a detailed analysis of the following key players in the global well testing services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Expro International Group
- Halliburton Energy Services, Inc.
- Tetra Technologies Inc.
- Greene’s Energy Group
- Weatherford International plc
- Schlumberger Limited
- SGS SA
- TechnipFMC plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Service, Stage, Application, Region |
| Breakup by Service | Down-Hole Testing, Real Time Well Testing, Reservoir Sampling and Analysis, Surface Well Testing |
| Breakup by Stage | Exploration, Appraisal, and Development, Production |
| Breakup by Application | Onshore, Offshore |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Expro International Group, Halliburton Energy Services, Inc., Tetra Technologies Inc., Greene’s Energy Group, Weatherford International plc, Schlumberger Limited, SGS SA, TechnipFMC plc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Well Testing Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Well Testing Services Historical Market (2018-2022)
8.3 Global Well Testing Services Market Forecast (2023-2028)
8.4 Global Well Testing Services Market by Service
8.4.1 Down-Hole Testing
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Real Time Well Testing
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Reservoir Sampling and Analysis
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Surface Well Testing
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Well Testing Services Market by Stage
8.5.1 Exploration, Appraisal, and Development
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Production
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Well Testing Services Market by Application
8.6.1 Onshore
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Offshore
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Well Testing Services Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Well Testing Services Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Well Testing Services Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Well Testing Services Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Well Testing Services Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Well Testing Services Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Expro International Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Halliburton Energy Services, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Tetra Technologies Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Greene’s Energy Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Weatherford International plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Schlumberger Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 SGS SA
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 TechnipFMC plc
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Well Testing Services Market: Key Industry Highlights, 2018 and 2028
2. Global Well Testing Services Historical Market: Breakup by Service (USD Billion), 2018-2022
3. Global Well Testing Services Market Forecast: Breakup by Service (USD Billion), 2023-2028
4. Global Well Testing Services Historical Market: Breakup by Stage (USD Billion), 2018-2022
5. Global Well Testing Services Market Forecast: Breakup by Stage (USD Billion), 2023-2028
6. Global Well Testing Services Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Well Testing Services Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Well Testing Services Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Well Testing Services Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Well Testing Services Market Structure
Key Questions Answered in the Report
In 2020, the market attained a value of nearly USD 9.2 billion.
The market is projected to grow at a CAGR of 3% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 11 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, rising energy demand, increasing exploration and production (E&P) expenditure, growth in drilling activities, and the rise in oil and gas discoveries, are expected to aid the market growth.
The key trends guiding the growth of the market include the growing adoption of high precision measurements and reservoir condition measurement instruments.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The leading service type in the industry is real time well testing.
The major stages of well testing services are exploration, appraisal, and development and production.
The dominant application segments of well testing services are onshore and offshore.
The major players in the industry are Expro International Group, Halliburton Energy Services, Inc., Tetra Technologies Inc., Greene’s Energy Group, Weatherford International plc, Schlumberger Limited, SGS SA, and TechnipFMC plc, among others.
Analyst Review
The global well testing services market attained a value of USD 9.2 billion in 2020, driven by growing energy demand. Aided by the rising shale gas explorations, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3%. The market is projected to reach USD 11 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By services, the market is segmented into down-hole testing, real time well testing, reservoir sampling and analysis, and surface well testing, with real time well testing leading the market. On the basis of stage, the industry is bifurcated into exploration, appraisal, and development and production. Based on application, the industry is divided into onshore and offshore. The major regional markets for well testing services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Expro International Group, Halliburton Energy Services, Inc., Tetra Technologies Inc., Greene’s Energy Group, Weatherford International plc, Schlumberger Limited, SGS SA, and TechnipFMC plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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