Well Intervention Market set for rapid growth forecst 2019-2025| Key Players: Schlumberger, Baker Hughes, a GE company, Halliburton, Helix Energy Solutions Group, C&J Energy Services, Expro, TechnipFMC, Superior Energy Services, Welltec, DeepWell AS.

The Global Well Intervention Market will gain significantly from the increasing demand for oil and gas from offshore areas. Fortune Business Insights has recently announced publishing of a report, titled “Well Intervention Market Size, Share and Global Trend by Type (Light Intervention, Medium Intervention, Heavy Intervention), Service (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, RE-Perforation), Application (Onshore, Offshore) and Geography Forecast till 2025.” As per the report in 2018, the global well intervention market was worth US$ 8+ Bn. The global well intervention market is expected to progress at a CAGR of 5.23% and reach US$ 12.5 Bn by the end of 2026.

Browse Complete Report athttps://www.fortunebusinessinsights.com/industry-reports/well-intervention-market-100070

In terms of type, light intervention held the highest share in the global well intervention market. Light intervention accounted for 58.8% of the global market in 2018. The popularity of light intervention is high among end users due to its less operational cost compared to heavy and medium intervention. However, the demand for heavy and medium intervention is likely to increase during the forecast period in response to the increasing well intervention activities.

To cater the constantly increasing demand for oil and gas, key market players are trying to increase the productivity of existing wells. This is likely to increase the growth rate in the global well intervention market.

Key Companies

Schlumberger
Baker Hughes, a GE company
Halliburton
Helix Energy Solutions Group
C&J Energy Services
Expro
TechnipFMC
Superior Energy Services
Welltec
DeepWell AS

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Onshore Segment Emerged Dominant in the Global Well Intervention Market

In terms of application, onshore segment was leading the global well intervention market in 2018. However, the offshore segment is anticipated to witness high demand and grow at a relatively higher CAGR during the forecast period 2019-2026. Growth witnessed in this segment is attributable to the increasing investment in subsea oil and gas assets. This is likely to fuel the demand in the global well intervention market.

Increasing number of well intervention activities and rising number of active rigs are key factors expected to drive the global well intervention market during the forecast period 2019-2026. Moreover, discovery of new wells and rigs is also anticipated to give impetus to the global well intervention market.

On the flip side, the high cost associated with well intervention activities may restrain the global well intervention market during the forecast period.

“Market players should focus on investing in offshore assets. This will help improve the reservoir performance and overall life cycle of the well. This may also boost the global well intervention market,” said a lead analyst at Fortune Business Insights.

Key Segmental Overview:

By Source
By Type
By Process
By Geography

The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.

Regional Analysis:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Table of Content

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1. Key Emerging Trends – For Major Countries

4.2. Key Developments: Mergers, Acquisition, Partnership, etc.

4.3. Latest Technological Advancement

4.4. Global Upstream Investment Scenario – By Regions

4.5. Insights on Regulatory Scenario

4.6. Porters Five Forces Analysis

5. Global Well Intervention Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings

5.2. Market Analysis, Insights and Forecast – By Service

5.2.1. Logging & Bottom Hole Survey

To be continued…!

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This release was published on openPR.