The global well intervention services market is projected to register significant growth during the forecast period, owing to reactivation of mature oilfields coupled with rising demand for energy at global level. Excessive depletion of onshore oil and gas industry has resulted in an increased investment for offshore well-intervention. Besides, increased demand for offshore drilling application is set to increase on account of increase in water drilling and production activities is expected to propel the growth of the global well intervention services market. Increasing efforts by upstream company to boost production from mature fields and adoption of new digitization strategies to reshare operations by oil & gas companies are anticipated to duel the market growth. Moreover, implementation of stringent government regulations towards environmental pollution from conventional fuels and enhanced focus on electrification are some of the factors positively influencing the global well intervention services market. Furthermore, increasing investments for R&D toward improvement in well intervention technologies and rising focus on enhancing operational efficiency of wells are expected to fuel the global well intervention services market in the coming years.
The global well intervention services market is segmented on the basis of intervention type, service, application, region, and company. Based on intervention, the market is further divided into light, medium, and heavy. The light intervention segment is anticipated to hold the largest share in the global well intervention services market during the forecast period. Light interventions are done to allow operator to gather downhole data or adjust downhole equipment for increasing oil recovery and safety. Based on service, the market is further divided into logging & bottom hole survey, stimulation, remedial cementing, zonal isolation, sand control, artificial lift, and others. Shale gas revolution coupled with production of the oil and gas from the shale reserve are attributing to the dominant share of the logging and bottom hole service segment through 2024. North America dominated the market in 2021 and is forecast to continue its dominance during the forecast period due to the increasing shale gas production in the oil and gas industry. Moreover, Canada and USA are the prominent countries in the North America well intervention services market.
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Some of the leading players in the global well intervention services market are Archer Limited, Baker Hughes Incorporated, Schlumberger Limited, Expro International Group Holdings, Ltd., Basic Energy Services, Inc., Halliburton Company, Weatherford International, PLC., GE Oil & Gas, Lupatech SA, Superior Energy Services, Inc. etc.
Objective of the Study:
- To analyze and forecast the market size of global well intervention services market, in terms of value.
- To classify and forecast global well intervention services market based on intervention type, service, application, company, and regional distribution.
- To identify drivers and challenges for global well intervention services market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global well intervention services market.
- To conduct the pricing analysis for global well intervention services market.
- To identify and analyze the profile of leading players involved in the global well intervention services market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the solution providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all collaboration solution providers across the globe.
TechSci Research calculated the market size of global well intervention services market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Well intervention service providers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to well intervention services market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Intervention Type· Service· Application |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Australia; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Venezuela; Saudi Arabia; UAE; South Africa; Nigeria |
| Key Companies Profiled | Archer Limited, Baker Hughes Incorporated, Schlumberger Limited, Expro International Group Holdings, Ltd., Basic Energy Services, Inc., Halliburton Company, Weatherford International, PLC., GE Oil & Gas, Lupatech SA, Superior Energy Services, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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