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 2026.” As per the report in 2018, the global well intervention market was worth USD 8+ Bn. The global well intervention market is expected to progress at a CAGR of 5.23% and reach USD 12.5 Bn by the end of 2026.
Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/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.
- Baker Hughes, a GE company
- Helix Energy Solutions Group
- C&J Energy Services
- Superior Energy Services
- DeepWell AS
Order full Report https://www.fortunebusinessinsights.com/checkout-page/100070
Key Segmental Overview:
1. By Type
- Light Intervention
- Medium Intervention
- Heavy Intervention
2. By Service
- Logging & Bottom Hole Survey
- Tubing/Packer Failure & Repair
- Remedial Cementing
- Zonal Isolation
- Sand Control
- Artificial Lift
3. By Application
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Norway, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Indonesia, Thailand and Rest of Asia Pacific)
- Latin America (Argentina, Venezuela, Mexico, Brazil and Rest of Latin America)
- Middle East & Africa (GCC, Algeria, Egypt, Nigeria and Rest of Middle East & Africa)
Key Industry Developments
In July 2019, TIOS has won a contract to provide wireline service across three light well intervention vessels.
In July 2019, Tatweer Petroleum has awarded multiple well intervention contract to National Energy Services Reunited Corporation in the kingdom of Bahrain.
In June 2019, C-Innovation, LLC and its family of companies has been awarded a contract to perform riserless light well intervention in Gulf of Mexico.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Market.
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.
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/well-intervention-market-100070
Table of Content
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
5.2.2. Tubing/Packer Failure & Repair
5.2.4. Remedial Cementing
5.2.5. Zonal Isolation
5.2.6. Sand Control
5.2.7. Artificial Lift
5.3. Market Analysis, Insights and Forecast – By Type
5.3.1. Light Intervention
5.3.2. Medium Intervention
5.3.3. Heavy Intervention
5.4. Market Analysis, Insights and Forecast – By Application
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. Latin America
6. North America Well Intervention Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast – By Service
6.2.1. Logging & Bottom Hole Survey
6.2.2. Tubing/Packer Failure & Repair
6.2.4. Remedial Cementing
6.2.5. Zonal Isolation
6.2.6. Sand Control
6.2.7. Artificial Lift
6.3. Market Analysis, Insights and Forecast – By Type
6.3.1. Light Intervention
6.3.2. Medium Intervention
6.3.3. Heavy Intervention
6.4. Market Analysis, Insights and Forecast – By Application
6.5. Market Analysis, Insights and Forecast – By Country
7. Europe Well Intervention Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast – By Service
7.2.1. Logging & Bottom Hole Survey
7.2.2. Tubing/Packer Failure & Repair
7.2.4. Remedial Cementing
7.2.5. Zonal Isolation
7.2.6. Sand Control
7.2.7. Artificial Lift
7.3. Market Analysis, Insights and Forecast – By Type
7.3.1. Light Intervention
7.3.2. Medium Intervention
7.3.3. Heavy Intervention
7.4. Market Analysis, Insights and Forecast – By Application
7.5. Market Analysis, Insights and Forecast – By Country
7.5.7. Rest of Europe
8. Asia Pacific Well Intervention Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings
8.2. Market Analysis, Insights and Forecast – By Service
8.2.1. Logging & Bottom Hole Survey
8.2.2. Tubing/Packer Failure & Repair
8.2.4. Remedial Cementing
8.2.5. Zonal Isolation
8.2.6. Sand Control
8.2.7. Artificial Lift
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
(Have a Look at Reports Trending in “Energy & Power” Industry)
View Related Reports:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: s[email protected]