Well Testing Services Market will be Valued at US$1650 million by 2022 | Global Key Players ( Halliburton Company, Schlumberger Ltd, Tetra Technologies Inc.)

Businessindustryreports have new report on “Global Well Testing Services Market 2018-2022”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size. 

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With the slowdown in world economic growth, the Well Testing Services industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Well Testing Services market size to maintain the average annual growth rate of 6.74% from 995 million $ in 2014 to 1210 million $ in 2017, market analysts believe that in the next few years, Well Testing Services market size will be further expanded, we expect that by 2022, The market size of the Well Testing Services will reach 1650 million $. 

The increasing  energy demand has resulted in increasing E&P activities  is expected to drive global well testing services market over the forecast period. Well testing monitors the reservoir’s capability to produce hydrocarbons such as oil, gas and condensates which finds multiple applications in permeability & skin interpretation, formation pressure measurement, reservoir characterization and fluid characterization.

Also the growth of these application segments in oil & gas industry is anticipated to fuel well testing services demand over the next six years. Increasing requirement for high precision measurement while drilling (MWD) and reservoir condition measurement instruments are further estimated to fuel market growth over the forecast period. Volatile crude oil prices are anticipated to generate lower profits margins to the E&P companies resulting in declining drilling activities. This is expected to have negative effect on the market growth over the next few years.

Key Players:

1 Expro International Group Ltd 

2 Halliburton Company 

3 Schlumberger Limited 

4 Tetra Technologies Inc. 

5 Weatherford International Ltd. 

6 Agr Group Asa 

7 Fmc Technologies Inc. and more...

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The business outlook of well testing services is highly dependent on the prices of crude oil and renewable-based power. Several E&P projects have come to a standstill due to the decline in prices of crude oil, thereby hampering the demand for well testing services across the globe. This has triggered investments in the renewable energy business owing to government support and regulations pertaining to carbon emissions. High investments in solar and wind power technologies have shifted the focus toward clean energy. This has adversely affected the global well testing services market. However, stability in prices of crude is expected to provide lucrative opportunities to the global well testing services market for new discovery as well as existing oil wells.

Regions:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Product Types:

1 By Real Time Well Testing

2 Downhole Testing Service

3 By Reservoir Sampling And Analysis

4 Surface Well Testing Services

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Table of Content:

1 Well Testing Services Product Definition

2 Global Well Testing Services Manufacturer Share and Market Overview

3 Manufacturer Well Testing Services Business Introduction

4 Global Well Testing Services Segmentation (Region Level)

5 Global Well Testing Services Segmentation (Product Type Level)

6 Global Well Testing Services Segmentation (Industry Level)

7 Global Well Testing Services Segmentation (Channel Level)

8 Well Testing Services Forecast 2018-2022

9 Well Testing Services Segmentation Product Type

10 Well Testing Services Segmentation Industry

11 Well Testing Services Cost of Production Analysis

12 Conclusion

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