Well Testing Services Market 2018: Business Research Trends, Industry Analysis by Schlumberger, FMC Technologies, MB Petroleum Services LLC, Expro, Helix Energy Solutions Group | Forecast 2023

The global Well Testing Services Market was worth USD 5.88 billion in 2014 and is expected to reach approximately USD 10.01 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.09% during the forecast period. Well testing can be characterized as the procedure of data procurement to accumulate the data and information to comprehend the store properties and the development. The main goal of well testing is to comprehend the supplies capacity to create hydrocarbons like gas, oil, condensates, etc. The procedure of well testing has various applications which can be gathered as permeability, formation pressure measurement and skin translation, reservoir characterization, and fluid characterization. The well testing is led at every single phase of the well that is development, production, and exploration.

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Service Outlook and Trend Analysis:
On the basis of service the market is segmented into Downhole Well Testing, Surface Well Testing, Real Time Well Testing and Reservoir Sampling. Presently, real time testing services rule the well testing services market. This is seen for the most part because of persistent and extensive augmentation in the United States production and exploration exercises. The downhole testing administrations involve the second biggest share of the overall industry because of cost viability of the services. In spite of the fact that the surface well testing administrations hold low share of the market, it is foreseen to develop at a significant rate in the following years.

Application Outlook and Trend Analysis:
Based on application the market is segmented into onshore and offshore. Potential increment in recoverable assets and development of the old fields has brought about the expansion of the testing administrations pushing the market up to a few billions in the recent decade. The requirement of such services is high in the developing nations like China and Indonesia because of the expansion in the drilling exercises in the district. Well testing takes into account both onshore and offshore well facilities.

Competitive Insights:
The leading players in the market are Tetra Technologies Inc, Schlumberger, FMC Technologies, MB Petroleum Services LLC, Expro, Helix Energy Solutions Group, Halliburton and Weatherford International. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Regional Outlook and Trend Analysis:
The North American area remains the biggest market for well testing services. The expansion in the E&P spending and expanding shale exercises in the United States has pushed the testing services in the area along these lines expanding the market. The expanding drilling exercises of up to 30 percent are normal in the locale of Gulf of Mexico along these lines giving a pound to the well testing market. The Middle East and Europe market is foreseen to be the major development territory because of expanding seaward exercises in the nations like China and Russia.

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Some points from TOC:-
1. Introduction
1.1. Report Description
1.2. Research Methodology

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Production of Oil & Gas
3.2.1.2. Increasing Energy Demand
3.2.2. Restraints
3.2.2.1. Declining Prices of Natural Gas in North America
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
...CONTINUED FOR TOC

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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