Market Overview:
The global well intervention services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas, rising production of unconventional oil and gas, and technological advancements in well intervention services. The light intervention segment is expected to dominate the global well intervention services market during the forecast period. This can be attributed to the increasing demand for onshore applications and technological advancements in this segment. However, the heavy intervention segment is projected to grow at a higher CAGR during the forecast period owing to increased production of unconventional oil and gas resources across regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Product Definition:
The definition of well intervention services is the practice of intervening in a well to improve its productivity or extend its life. This can involve cleaning the well, repairing it, or injecting fluids or gas into it to stimulate production. The importance of well intervention services is that they can help increase a well's production and extend its life, which can be important for oil and gas companies.
Light Intervention:
Light intervention is a new term in the oil & gas market which was introduced to differentiate between enhanced recovery techniques and advanced well completion technologies. It is used for improving the productivity of hydrocarbon wells by reducing the time required for drilling, boosting production, and increasing permeability & liveliness of reservoir. The technology involves using light or laser energy to break up rock formations without causing any damage to sensitive ecosystem or surface water.
Heavy Intervention:
Heavy intervention and it's usage in well intervention services market is a technique used to control or stabilize the well during drilling operations. It involves deploying one or more devices that are lowered into the wellbore by means of a wireline, coiled tubing, or hydraulic connection. The heavy equipment holds down the desired formation while allowing fluid to be pumped out for extraction.
Application Insights:
Onshore was the dominant application segment in 2017 and is expected to continue its dominance over the forecast period. The growing onshore oil & gas industry is one of the key factors driving this growth. Furthermore, increasing investments by governments in various countries such as China, Saudi Arabia and Russia are likely to boost well intervention services for onshore applications.
The offshore application segment is expected to grow at a significant rate during the forecast period owing to rising demand from mature oil & gas producing regions such as North America and Europe. Increasing exploration activities in offshore regions will also fuel market growth over the next eight years. Growing demand for deepwater drilling rigs has led major oil companies including BP, Royal Dutch Shell Plc.
Regional Analysis:
North America dominated the global well intervention services market in 2017. The presence of major oilfield service companies, availability of advanced technology and high demand for efficient drilling techniques are some factors responsible for its large share. Moreover, increasing offshore drilling activities in this region is expected to drive the market further.
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period owing to growing number of unconventional wells such as shale gas and tight oil/shale gas liquids (SGL) wells across countries such as China, India and Australia. In addition, rising government initiatives towards development of offshore structures in this region will drive well intervention services demand over the forecast period.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in oil and gas exploration and production
- Proliferation of new technologies for well intervention services
- Stringent environmental regulations for offshore drilling operations
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Well Intervention Services Market Research Report
By Type
Light Intervention, Heavy Intervention, Medium Intervention
By Application
Onshore, Offshore
By Companies
Schlumberger, HELIX, GE, Halliburton, Oceaneering International, Expro, Hunting Energy Services, National Oilwell Varco, Deepwell, Weatherford International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Well Intervention Services Market Report Segments:
The global Well Intervention Services market is segmented on the basis of:
Types
Light Intervention, Heavy Intervention, Medium Intervention
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- HELIX
- GE
- Halliburton
- Oceaneering International
- Expro
- Hunting Energy Services
- National Oilwell Varco
- Deepwell
- Weatherford International
Highlights of The Well Intervention Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Intervention
- Heavy Intervention
- Medium Intervention
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Well Intervention Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
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Some of the key players operating in the well intervention services market are Schlumberger, HELIX, GE, Halliburton, Oceaneering International, Expro, Hunting Energy Services, National Oilwell Varco, Deepwell, Weatherford International.
The well intervention services market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Well Intervention Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Well Intervention Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Well Intervention Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Well Intervention Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Well Intervention Services Market Size & Forecast, 2020-2028
4.5.1 Well Intervention Services Market Size and Y-o-Y Growth
4.5.2 Well Intervention Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Light Intervention
5.2.2 Heavy Intervention
5.2.3 Medium Intervention
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Well Intervention Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Well Intervention Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Light Intervention
9.6.2 Heavy Intervention
9.6.3 Medium Intervention
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Light Intervention
10.6.2 Heavy Intervention
10.6.3 Medium Intervention
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Light Intervention
11.6.2 Heavy Intervention
11.6.3 Medium Intervention
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Light Intervention
12.6.2 Heavy Intervention
12.6.3 Medium Intervention
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Light Intervention
13.6.2 Heavy Intervention
13.6.3 Medium Intervention
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Well Intervention Services Market: Competitive Dashboard
14.2 Global Well Intervention Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 HELIX
14.3.3 GE
14.3.4 Halliburton
14.3.5 Oceaneering International
14.3.6 Expro
14.3.7 Hunting Energy Services
14.3.8 National Oilwell Varco
14.3.9 Deepwell
14.3.10 Weatherford International
