United States well intervention services
market is expected to grow at a substantial rate during the forecast period.
The key factors for the growth of United States well intervention service market
is upsurge in oil & gas production, rising demand for energy and reactivation
of mature oilfields. Moreover, increasing investments in the upstream sector
coupled with continuous shale developments are the other reasons which are
expected to drive the United States well intervention services market in the
forthcoming years. Well intervention is carried out on oil and gas well to
extend its lifespan and to improve its performance which is done by replacing
the parts, eliminating well blockages and by running production strings.
However, high environmental risks and stringent
government regulations are some of factors which might act as major impediments
to the market during the forecast period.
The United States well intervention
services market is segmented based on intervention type, service, application,
region and company. Based on application, the market can be bifurcated into Onshore and Offshore. The offshore
segment is expected to grow at the fastest rate during the forecast period due
to availability of many subsea wells and easy mobility on offshore rigs. Offshore
drilling is done under the ocean and includes pre-salt and deep-water drilling.
Drilling operations are expected to increase in the upcoming years on account
of new oilfield discoveries in deepwater and ultra-deepwater offshore locations.
Moreover, rising deepwater drilling and production activities in the United
States, supported by government policies are anticipated to positively
influence the growth of this segment over the coming years.
The major players operating in the
United States well intervention services market are Baker Hughes Incorporated,
Schlumberger Limited, Basic Energy Services, Inc, Halliburton Company,
Weatherford International plc, GE Oil & Gas, National Oilwell Varco,
Superior Energy Services, Inc., C&J Energy Services, Inc., among others. Major
companies are developing advanced services in order to stay competitive in the
market. Other competitive strategies include mergers & acquisitions in
order to increase their customer bases and expand their geographic reach.
Objective of the Study:
- To analyze and forecast the market size of United States well
intervention services market.
- To classify and forecast United States well intervention services market
based on intervention type, service, application, company and regional
distribution.
- To identify drivers and challenges for United States well
intervention services market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in United States well
intervention services market.
- To identify and analyze the profile of leading players operating in
United States well intervention services market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the country.
TechSci
Research calculated the market size of United States well intervention services market by using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Well intervention service providers
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
well intervention services
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F –
2027F
|
|
Quantitative
Units
|
Revenue in
USD Million, and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
- Intervention Type
- Service
- Application
|
|
Region
Scope
|
South-Region,
West-Region, Mid-West Region & Northeast-Region
|
|
Key
Companies Profiled
|
Baker Hughes
Incorporated, Schlumberger Limited, Basic Energy Services, Inc, Halliburton
Company, Weatherford International plc, GE Oil & Gas, National Oilwell
Varco, Superior Energy Services, Inc., C&J Energy Services, Inc.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, United States well
intervention services market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- United States Well Intervention Services Market, By Intervention
Type:
- United States Well Intervention Services Market, By Service:
- Logging & Bottom
hole Survey
- Tubing & Packer
Failure & Repair
- Stimulation
- Remedial Cementing
- Zonal Isolation
- Sand Control
- Artificial Lift
- United States Well Intervention Services Market, By Application:
o
Onshore
o
Offshore
- United States Well Intervention Services Market, By Regions:
o
West
o
Northeast
o
Midwest
o
South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in United States well intervention services market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]