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(2018-2023) Wireline Logging Services Market CAGR Status, Industrial Analysis | Market Current Insights, Growth & Opportunities

Wireline Logging Services

The Wireline Logging Services Market Report 2018-2023 focuses on the global Wireline Logging Services status, future forecast, growth opportunity, key market, and key players. 

The Wireline Logging Services Market report studies the global market size of Wireline Logging Services in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Wireline Logging Services in these regions. This research report categorizes the global Wireline Logging Services market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

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The various contributors involved in the value chain of Wireline Logging Services include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • Baker Hughes A GE Co
  • Schlumberger Limited
  • Halliburton Company
  • Nabors Industries Ltd
  • Weatherford International plc
  • Superior Energy Services
  • Inc
  • China Oilfield Services Ltd
  • RECON Petrotechnologies
  • Pioneer Energy Services Corp

Overview of Wireline Logging Services Market Research Report 2018-2023:-

The upstream oil & gas industry is cursed with high uncertainty, owing to complications involved in upstream operations. Moreover, these uncertainties have a negative impact on the decision-making process and in order to decrease these uncertainties, operators require the acquisition of accurate field data, and hence, a good quality evaluation services plays a crucial role in the decision-making process. The volatility in oil prices has forced operators to constantly update their future strategy and decision-making process. Hence, the demand for evaluation services, like wireline-logging services is increasing, in turn, driving the market.

Growing Upstream Activity to Drive the Market
During 2016-2017, the average global rig count has increased by about 27% indicating growing upstream activity. The major factor for the increasing upstream activity can be attributed to improved profit margins for oil & gas operators due to increase in oil prices after 2016 and reduction in the breakeven oil prices in the majority of oil & gas fields. As of May 2018, the Brent crude oil prices have crossed USD 75 per barrel mark, highest since the oil price crisis in mid-2014, due to narrowing oil supply-demand gap. If new significant oil production projects are not initiated, the oil demand is expected to surpass the oil supply by 2020, which, in turn, is expected to further increase the oil prices. The increasing oil prices are expected to drive the upstream activity, in turn, driving the demand for oilfield services, such as wireline logging services during the forecast period.

Increasing Exploration and Development Activity to Drive the Middle East Market
The proved oil reserves in Iraq and Iran have increased considerably during 2006-2016, indicating substantial discoveries. The oil production in the two countries has also registered significant growth. Growing proved reserves, and production in Iraq and Iran presents a threat to other major oil producing countries in the region, such as Saudi Arabia, UAE, Kuwait, and Qatar, as they are losing the oil market share to Iran and Iraq. Hence to compete, the Saudi Arabia, UAE, Kuwait, and Qatar are expected to invest heavily in exploration and development of new oil reserves as well as tertiary recovery techniques to improve the oil recovery of existing reserves in order to maintain their dominant position in the future. Saudi Aramco, which controls all the upstream activity in Saudi Arabia, has announced that it will invest USD 414 billion during 2017-2027. In order to make such investments, the acquisition of the relevant data to make these decisions is necessary. Therefore, the spending on evaluation services, such as sophisticated logging services in Saudi Arabia, UAE, Kuwait, and Qatar is expected to increase, which, in turn, is expected to drive the wireline logging services market in the region during the forecast period.

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Reasons to Purchase This ReportCurrent and future wireline logging services market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market shares and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in excel)

Key questions answered in the Wireline Logging Services Market Report are.

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors? 

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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Wireline Logging Services market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

Major Points from TOC of Wireline Logging Services Market Research Report 2018-2023:

    1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study
    1 Drivers
    4.1.1 Rise in Defence Expenditure of Many Countries
    4.1.2 Increasing Demand of Lightweight Materials in the Industry
    4.2 Restraints
    4.2.1 Need for High Investments in R&D
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis
    1 By Application
    5.2 End-user Sector
    5.2.1 Residential
    5.2.2 Commercial
    5.2.3 Institutional
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.2 North America
    5.3.3 Europe
    5.3.4 South America
    5.3.5 the Middle East & Africa


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