Reports

Global Well Testing Services Market to Reach USD 11 Billion by 2026, Aided by Rising Exploration and Production Activities

Well Testing Services Market

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 9.76 billion in 2022. 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 11.67 billion by 2028.     

 

Well Testing Services Market

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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.

 

Well Testing Services Market by Service

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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.

 

Well Testing Services Market by Region

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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

What was the global well testing services market size in 2022?

In 2022, the market attained a value of nearly USD 9.76 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 11.67 billion by 2028.   

What are the major industry drivers?

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.

What are the key industry trends in the market?

The key trends guiding the growth of the market include the growing adoption of high precision measurements and reservoir condition measurement instruments.

What are the major regional markets of well testing services, according to the EMR report?

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.

What is the leading service type of well testing services in the industry?

The leading service type in the industry is real time well testing.

What are the major stages of well testing services?

The major stages of well testing services are exploration, appraisal, and development and production.

What are the dominant application segments of well testing services?

The dominant application segments of well testing services are onshore and offshore.

Who are the key industry players according to the report?

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 9.76 billion in 2022, 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 11.67 billion by 2028.     

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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