Wireline Services Market Projected to Grow due to Growing Building & Construction Sector | Prominent Players: Schlumberger Limited, Pioneer Energy Services Corp., Oilserv, National Oilwell Varco, Inc., Halliburton Company, C&J Energy Services Ltd.

Wireline Services offer clear understanding of reservoir, conditions, and well integrity, to make critical decisions throughout the lifecycle of well and field, from initial drilling and completion until final well abandonment. Detecting leaks and assessing corrosion, locating casing collars and using gamma radiation to log production are some of the applications of Wireline Services.

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Increasing concerns pertaining to energy security and rapid commercialization and residential establishments across developing economies will fuel the manual transfer switch market growth. Rising investments across the real estate sector favoured by increasing refurbishment demand of existing conventional infrastructure across developed economies will foster the business outlook.

Key Takeaways of the Wireline Services Market Study

1. Based on the application, the market has been segmented into onshore and offshore. There has been a rise in the use of wireless services in the offshore application, owing to the increasing exploration and drilling activities.

2. Based on type, the market has been segmented into electric line and slick line. The electric line segment has witnessed significant growth due to their distinction in the application for well logging purposes, as they are regarded as appropriate for reservoir understanding and field development activity. The electric line is majorly used in the oil and gas industry to reduce and retrieve tools into wellbores to transmit the data about the good conditions.

3. On the basis of service, the market has been classified into completion, intervention, and logging. The complete segment is widely used as they have more improved efficiency than its counterparts.

4. Based on the hole type, the market has been segmented into a cased hole and open hole. Owing to a higher number of mature wells, cased wells are preferred and majorly used.

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Notable Development Trends to Open up New Horizons of Growth for Wireline Services Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. May 2, 2016 - Oilfield services giant Schlumberger announced the launch of a new wireline conveyance system that, according to the company, can pull from 18,000 lbf to 30,000 lbf.

2. June 11, 2019 - Baker Hughes, announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola. The facility will deliver a suite of products and services. It will support projects in Angola and Southern Africa region, and serve customers on a global scale.

Major points covered in the report:
1. Macroeconomic factors affecting the Wireline Services market and its potential
2. Wireline Services Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Wireline Services market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Wireline Services market, including detailed profiles of the top players in this market

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Some of the major players in the Wireline Services market are Weatherford International PLC, Expro International Group Holding Ltd, FMC Technologies Inc, Welltec International AS, Wireline Engineering Ltd, Superior Energy Services, Inc, Schlumberger Limited, Pioneer Energy Services Corp., Oilserv, National Oilwell Varco, Inc., Halliburton Company, C&J Energy Services Ltd., and Basic Energy Services, Inc.

Market Segmentation:

By Application :
• Onshore
• Offshore

By Type:
• Electric Line
• Slick Line

By Services :
• Completion
• Intervention
• Logging

By Hole Type:
• Cased Hole
• Open Hole

By Region:

North America
o By Country (US, Canada, Mexico)
o By Application
o By Type
o By Services
o By Hole Type

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Application
o By Type
o By Services
o By Hole Type

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By Type
o By Services
o By Hole Type

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application
o By Type
o By Services
o By Hole Type

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By Type
o By Services
o By Hole Type

Rest of the World
o By Region (South America, Africa)
o By Application
o By Type
o By Services
o By Hole Type

Reasons to Buy This Report:
• Market size estimation of the global wireline services market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.