Wireline Services Market Technology and Growth Analysis 2026: GE Oil & Gas Corporation, Superior Energy Services Inc., FMC Technologies Inc., Pioneer Energy Services Corporation, Schlumberger Limited, C&J Energy Services Inc., Allied-Horizontal Wireline S

Wireline services, also known as electrical cabling technology, is used in the oil and gas industry for reservoir evaluation, pipe recovery activities, and intervention processes. These services involve the usage of multi-strand cables to carry equipment into wells for purposes such as data acquisition and enhancing performance of wells by providing real-time, quantified, and accurate data. Increasing on-going drilling and completion activities is one of the major drivers for growth of the wireline services market. For instance, in 2018, Exxon Mobil Corporation announced its seventh oil discovery offshore at Guyana, drilling at the Pacora-1 exploration well. Moreover, in 2018, Africa Energy Corp. announced its intention to drill an exploration well in 2019, on Block 2B offshore the west coast of South Africa.

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Major players operating in the global wireline services market include GE Oil & Gas Corporation, Superior Energy Services Inc., FMC Technologies Inc., Pioneer Energy Services Corporation, Schlumberger Limited, C&J Energy Services Inc., Allied-Horizontal Wireline Services LLC., Weatherford International, and Halliburton Company.

Increasing drilling and completion activities is attributed to continuous increase in demand for energy around the globe. For instance, according to world energy organization, global demand for energy is projected to increase with a CAGR of 6.6% during the period of 2014–2020. This in turn, is increasing the demand for deep well exploration to extract more oil from each well. This in turn, is expected to increase the demand for wireline services, and is expected to drive growth of the market over the forecast period.

The global wireline services market generated revenue of US$ 19.9 billion in 2017, from US$ 19.7 billion in 2016. The market is expected to generate revenue of US$ 33.9 billion by 2025, exhibiting a CAGR of 6.8% over the forecast period (2017 – 2025).

North America held the dominant position in wireline services market in 2017.

North America held a dominant position in the market in 2017, and is projected to retain its dominance throughout the forecast period. The market in North America is estimated to generate revenue of US$ 9.3 billion in 2017, and is projected to reach US$ 15.8 billion by 2025, exhibiting a CAGR of 6.9% over the forecast period. The U.S. and Canada are major countries contributing to the growth of North America wireline services market, owing to increasing number of well completions in North America. According to the Baker Hughe’s worldwide rig count, from the total of 1918 oil rigs worldwide, North America accounts for around 985 rigs. The region has large number of advanced oil rigs with various technologies integrated for effective monitoring and maintenance, which is propelling demand for wireline services. Furthermore, presence of leading market players in North America is another factor fueling growth of the wireline services market.

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