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Global Wireline Services Market: By Wireline Type: Electric Line, Slick Line; By Service Type: Intervention, Logging, Completion; By Hole Type: Open Hole, Cased Hole; By Location of Deployment: Onshore, Offshore; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Wireline Services Market Outlook

The global wireline services market attained USD 10.2 billion in 2020. The global wireline services market is expected to grow at a CAGR of 3% in the forecast period of 2023-2028 to attain USD 12.5 billion by 2026.

 

Global Wireline Services Market

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North America Supports the Global Market for Wireline Services by Extensive Oil Exploration Activities

Due to increasing exploration, drilling activities and recovery of oil prices after price shock of 2014, the global wireline services are expected to grow rapidly during the forecast period. North America holds the major share of the global market as activities for shale oil, oil sands, and carbonate rocks are rising. Further, increasing rock and oil exploration activities undertaken by companies in this region shall continue the market trend. The Asia Pacific and African regions are expected to become significant players in the market in the forecast period. Major key locations which were hitherto untapped are being drilled by players of these markets, such as in the Gulf of Thailand and Egypt.

 

Wireline Services: Market Segmentation

The wireline services are essentially cabling technology used by oilfield developers to reduce their equipment count inside the well. Wireline services are mainly used for the completion, intervention, evaluation of reservoirs and pipe recovery. Wireline services are crucial in the oilfield operations and are cost-effective methods of maintenance of the wellbores. Furthermore, wireline services also help in gauging various aspects of rock formation and many gather crucial data for effective well boring activities.

 

Global Wireline Services Market By Service Type

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Based on type, the market is segmented into:

  • Electric Line
  • Slick Line

In terms of service type, the market is segmented into:

  • Intervention
  • Logging
  • Completion

The market is divided on the basis of hole type into:

  • Open Hole
  • Cased Hole

By location of deployment, the market is bifurcated as:

  • Onshore
  • Offshore

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Wireline Services Market By Region

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Continuous Discoveries of New Oilfields is Driving the Market of Wireline Services

The oil industry went through a sharp downturn after the 2014 oil price-shock. Since then, the market has come a long way and has stabilized significantly due to a healthy demand-supply curve obtained in the subsequent years. Continuous discoveries of new oilfields and increased exploration activities has been the major driver for the industry of wireline services. The electric line segment accounted for the largest market share in terms of type and is expected to grow rapidly during the forecast period. This can be attributed largely to the wide application of electric line for well logging purposes which are helpful for reservoir understanding. The offshore segment is expected to grow at the fastest rate in terms of location of deployment during the forecast period, owing to use of wireline services for well service and completion applications. Discovery and exploitation of newer offshore sites in the Asia Pacific and African regions is expected to drive the market in the forecast period.

 

Key Industry Players in the Global Wireline Services Market

The report gives a detailed analysis of the following key players in the global wireline services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Baker Hughes Company
  • Weatherford International plc
  • Schlumberger Limited
  • Archer Ltd
  • Expro Group
  • Pioneer Energy Services Corp.
  • 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- Wireline Type, Service Type, Hole Type, Location of Deployment, Region
Breakup by Wireline Type Electric Line, Slick Line
Breakup by Service Type Intervention, Logging, Completion
Breakup by Hole Type Open Hole, Cased Hole
Breakup by Location of Deployment Onshore, Offshore
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
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 Baker Hughes Company, Weatherford International plc, Schlumberger Limited, Archer Ltd, Expro Group, Pioneer Energy Services Corp., 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 Wireline Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Wireline Services Historical Market (2018-2022) 
    8.3    Global Wireline Services Market Forecast (2023-2028)
    8.4    Global Wireline Services Market by Wireline Type
        8.4.1    Electric Line
            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    Slick Line
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Wireline Services Market by Service Type
        8.5.1    Intervention
            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    Logging
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Completion
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Wireline Services Market by Hole Type
        8.6.1    Open Hole
            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    Cased Hole
            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 Wireline Services Market by Location of Deployment
        8.7.1    Onshore
            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    Offshore
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
    8.8    Global Wireline Services Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Wireline 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 Wireline 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 Wireline 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 Wireline 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 Wireline 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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Baker Hughes Company
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Weatherford International plc
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Schlumberger Limited
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Archer Ltd
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Expro Group
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Pioneer Energy Services Corp.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Wireline Services Market: Key Industry Highlights, 2018 and 2028
2.    Global Wireline Services Historical Market: Breakup by Wireline Type (USD Billion), 2018-2022
3.    Global Wireline Services Market Forecast: Breakup by Wireline Type (USD Billion), 2023-2028
4.    Global Wireline Services Historical Market: Breakup by Service Type (USD Billion), 2018-2022
5.    Global Wireline Services Market Forecast: Breakup by Service Type (USD Billion), 2023-2028
6.    Global Wireline Services Historical Market: Breakup by Hole Type (USD Billion), 2018-2022
7.    Global Wireline Services Market Forecast: Breakup by Hole Type (USD Billion), 2023-2028
8.    Global Wireline Services Historical Market: Breakup by Location of Deployment (USD Billion), 2018-2022
9.    Global Wireline Services Market Forecast: Breakup by Location of Deployment (USD Billion), 2023-2028
10.    Global Wireline Services Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Wireline Services Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Wireline Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Wireline Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Wireline Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Wireline Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Wireline Services Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Wireline Services Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Wireline Services Market Structure

Key Questions Answered in the Report

In 2020, the global wireline services market attained a value of nearly USD 10.2 billion.

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

The major drivers of the market include the wide application of electric line, rising activities for shale oil, oil sands, and carbonate rocks, technological developments, rising requirement to maintain and boost the recovery rates, increasing drilling and completion activities, and increasing energy demand.

Continuous discoveries of new oilfields and increased exploration activities are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Electric line and slick line are the types of wireline services in the market.

In terms of service type, the market is segmented into intervention, logging, and completion.

The market is divided on the basis of hole type into open hole and cased hole.

By location of deployment, the market is bifurcated into onshore and offshore.

The major players in the industry are Baker Hughes Company, Weatherford International plc, Schlumberger Limited, Archer Ltd, Expro Group, and Pioneer Energy Services Corp., among others.

Analyst Review

The global wireline services market attained a value of nearly USD 10.2 billion in 2020, driven by the continuous discoveries of new oilfields. Aided by the rising activities for shale oil, oil sands, and carbonate rocks and increased exploration activities, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 3%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Electric line and slick line are the types of wireline services in the market. In terms of service type, the market is segmented into intervention, logging, and completion. The market is divided on the basis of hole type into open hole and cased hole. By location of deployment, the market is bifurcated as onshore and offshore. The major regional markets for wireline services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Baker Hughes Company, Weatherford International plc, Schlumberger Limited, Archer Ltd, Expro Group, and Pioneer Energy Services Corp., 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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