Well Intervention Market - Forecasts from 2019 to 2024
Well Intervention Market is projected to grow at a CAGR of XX% to reach US$XX billion by 2024, from US$XX billion in 2018. Rising E&P activities is the major driver of well intervention market. Growing number of matured oil and gas fields is encouraging companies to invest heavily in new exploration activities which, in turn, is boosting the demand for well intervention services across the sector. Favorable government initiatives and policies to develop ageing reserves along with technological advancements in production activities is further bolstering the growth of well intervention market. However, fluctuating oil prices and shift towards renewable energy solutions are restraining the growth of well intervention market. Geographically, North America accounted for the major market share in 2018 owing to rising E&P activities in the U.S., supported by government policies to boost the country’s oil production.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Well Intervention Market value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Well Intervention Market.
Major industry players profiled as part of the report are PRECISION DRILLING CORPORATION, Halliburton, Superior Energy Services, Inc., General Electric, and Schlumberger Limited among others.
The Well Intervention Market has been analyzed through following segments:
Logging and Bottomhole Survey
Middle East and Africa
Key insights offered
What will be the Well Intervention Market size from 2019 to 2024?
How are the major drivers and restraints affecting the Well Intervention Market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
PRECISION DRILLING CORPORATION
Superior Energy Services, Inc.
Oceaneering International, Inc.