Wireline services Market Growth powered by Latest Development and Influencing Trends 2027 | Expro International Group Holdings Ltd., Superior Energy Services Inc., Weatherford International Inc., Baker Hughes, a GE company

Wireline services, also known as electrical cabling technology, is used in the gas and oil well industry for reservoir evaluation, pipe recovery activities, and intervention processes. Technological advancement in wireline are providing growth opportunity for the market. Constant advancement in telemetry and digital electronics have improved the tool accuracy and reliability, which helps to extend the tool operation to higher-pressure and higher-temperature environments, improved downhole processing, and enabled new slimhole designs.

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Market Dynamics

Increasing demand for crude oil is one of the major factors driving growth of the wireline services worldwide. According to Coherent Market Insights, in 2010, the daily consumption of crude oil was 88.7 million barrels and was projected to reach 96.6 million barrels by 2016. Increasing demand for crude oil is influencing oil production companies to drill new wells, so as to meet rising demand for oil. This in turn, is increasing drilling activities for new oil wells, thus boosting growth of the wireline services market.

Key Players:

Expro International Group Holdings Ltd., Superior Energy Services Inc., Weatherford International Inc., Baker Hughes, a GE company, Nabors Industries Ltd., Schlumberger Limited, C&J Energy Services Inc., Pioneer Energy Services, OilSERV, and Halliburton Energy Services Inc.

Detailed Segmentation

Global Wireline Services Market, By Service Type
o Slick Line
o E-line

Global Wireline Services Market, By Well Type
o Open Hole
o Cased Hole

Global Wireline Services Market, By Application
o Well Intervention
o Logging
o Well Completion

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Key features of the study:

o This report provides in-depth analysis of the wireline services market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017-2025), considering 2016 as the base year.
o It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players.
o It profiles leading players in the global wireline services market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
o Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
o The global wireline services market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
o Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the wireline services market.

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