Market Overview:
The global Thru-Tubing Intervention Services market is expected to grow from USD 1.02 billion in 2018 to USD 1.48 billion by 2030, at a CAGR of 5.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe and the need for timely intervention services in order to maintain production levels. The global Thru-Tubing Intervention Services market is segmented on the basis of type, application, and region. On the basis of type, it is divided into maintenance service, improved pipeline service, other services, and tools & equipment rental services. The maintenance service segment is expected to hold a major share of the global Thru-Tubing Intervention Services market during the forecast period owing to its high demand in offshore oil fields across different regions globally. However, due to technological advancements and rising demand for improved pipeline services in terrestrial oil fields worldwide; this segment is projected grow at a higher CAGR than other segments duringthe forecast period .
Product Definition:
A thru-tubing intervention service is a technique used to provide support and stability to wellbores during drilling operations. It involves the placement of a steel pipe, or tubing, through the center of the drill string and into the producing formation. This allows for the circulation of drilling fluid and cuttings out of the wellbore while under pressure, which helps keep the hole open and prevents caving.
Maintenance Service:
Maintenance service is a term used to define the activities carried out at an interval of time with respect to any capital equipment. Maintenance services are performed either in-house or outsourced depending upon the type of equipment and industry served by the company. The maintenance service includes replacement and repair work, preventive maintenance, diagnostic testing, system optimization & tuning up as well as post-service support which further includes troubleshooting & rectification of errors that occurred during operation.
Improved Pipeline Service:
The improved pipeline service is a technique used to prevent gas-liquid contact in the processing of viscous fluids. It uses a flexible hose or tube within the pipe for fluid transfer. The use of this system reduces hazards and improves safety by reducing cross-contamination between production phases, thus improving overall process efficiency and product quality.
Application Insights:
The market is segmented by application into offshore oil field, onshore oil field, and other. The offshore oilfield held the largest share of over 60% in 2017. This large share can be attributed to the growing number of production projects in deepwater regions such as Brazil, South China Sea, Persian Gulf and Gulf of Mexico. Furthermore, technological advancements such as automated Total Station that provides real-time data for 3D visualization have improved efficiency and productivity at sea which has led to an increase in the adoption rate among operators across various industries worldwide.
The terrestrial oilfield segment is expected to witness a lucrative CAGR during the forecast period owing to increasing investments from companies operating within the upstream petroleum industry including StatoilHydro ASA; Eni SPA; RepsolSCEE PLC; Royal Dutch Shell plc.; BP psc.; PetroChina Co., Ltd.
Regional Analysis:
North America dominated the global market in 2017. The presence of major oil field service companies and high demand for improved pipeline infrastructure are some of the factors contributing to regional growth. In addition, increasing offshore drilling activities in U.S., Canada, and Mexico are expected to drive the overall industry expansion over the forecast period.
Asia Pacific is anticipated to witness significant growth over the coming years owing to rising government investments in energy sector coupled with growing need for enhanced oil & gas production from remote locations across India, China, Indonesia, Malaysia Philippines Thailand Vietnam among other countries is expected fuel market development over next eight years or so as several new projects have already been awarded.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, and diabetes is on the rise globally due to changing lifestyles and aging populations. This has led to an increase in the demand for treatments that are less invasive and cause fewer side effects.
- Technological advancements: The Thru-Tubing Intervention Services market is witnessing rapid technological advancements with new products being launched regularly. These innovations are helping providers offer better services and improve patient outcomes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thru-Tubing Intervention Sevices Market Research Report
By Type
Maintenance Service, Improved Pipeline Service, Other,
By Application
Offshore oil field, Terrestrial oil field, Other,
By Companies
Baker Hughes, Weatherford International, Schlumberger, Halliburton, TECHDaer, Thru Tubing, Stokes&Spiehler, Hunting, Wellpro Group, LiMAR, ALPHADEN, Drilling Systems, Target Intervention, Omega, SageRider,
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Thru-Tubing Intervention Sevices Market Report Segments:
The global Thru-Tubing Intervention Sevices market is segmented on the basis of:
Types
Maintenance Service, Improved Pipeline Service, Other,
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
Offshore oil field, Terrestrial oil field, Other,
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:
- Baker Hughes
- Weatherford International
- Schlumberger
- Halliburton
- TECHDaer
- Thru Tubing
- Stokes&Spiehler
- Hunting
- Wellpro Group
- LiMAR
- ALPHADEN
- Drilling Systems
- Target Intervention
- Omega
- SageRider
Highlights of The Thru-Tubing Intervention Sevices 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:
- Maintenance Service
- Improved Pipeline Service
- Other
- By Application:
- Offshore oil field
- Terrestrial oil field
- Other
- 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 Thru-Tubing Intervention Sevices 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.
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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?
Thru-tubing intervention services are a type of substance abuse treatment that help people who are addicted to drugs or alcohol use less of those substances. The service involves using a tube through the nose and down into the stomach, which helps addicts to avoid drinking or using drugs.
Some of the major companies in the thru-tubing intervention sevices market are Baker Hughes, Weatherford International, Schlumberger, Halliburton, TECHDaer, Thru Tubing, Stokes&Spiehler, Hunting, Wellpro Group, LiMAR, ALPHADEN, Drilling Systems, Target Intervention, Omega, SageRider.
The thru-tubing intervention sevices market is expected to grow at a compound annual growth rate of 5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thru-Tubing Intervention Sevices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thru-Tubing Intervention Sevices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thru-Tubing Intervention Sevices Market - Supply Chain
4.5. Global Thru-Tubing Intervention Sevices Market Forecast
4.5.1. Thru-Tubing Intervention Sevices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thru-Tubing Intervention Sevices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thru-Tubing Intervention Sevices Market Absolute $ Opportunity
5. Global Thru-Tubing Intervention Sevices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Type
5.3.1. Maintenance Service
5.3.2. Improved Pipeline Service
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thru-Tubing Intervention Sevices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Application
6.3.1. Offshore oil field
6.3.2. Terrestrial oil field
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thru-Tubing Intervention Sevices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thru-Tubing Intervention Sevices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thru-Tubing Intervention Sevices Demand Share Forecast, 2019-2026
9. North America Thru-Tubing Intervention Sevices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Application
9.4.1. Offshore oil field
9.4.2. Terrestrial oil field
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Type
9.7.1. Maintenance Service
9.7.2. Improved Pipeline Service
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thru-Tubing Intervention Sevices Demand Share Forecast, 2019-2026
10. Latin America Thru-Tubing Intervention Sevices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Application
10.4.1. Offshore oil field
10.4.2. Terrestrial oil field
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Type
10.7.1. Maintenance Service
10.7.2. Improved Pipeline Service
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thru-Tubing Intervention Sevices Demand Share Forecast, 2019-2026
11. Europe Thru-Tubing Intervention Sevices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Application
11.4.1. Offshore oil field
11.4.2. Terrestrial oil field
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Type
11.7.1. Maintenance Service
11.7.2. Improved Pipeline Service
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thru-Tubing Intervention Sevices Demand Share, 2019-2026
12. Asia Pacific Thru-Tubing Intervention Sevices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Application
12.4.1. Offshore oil field
12.4.2. Terrestrial oil field
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Type
12.7.1. Maintenance Service
12.7.2. Improved Pipeline Service
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thru-Tubing Intervention Sevices Demand Share, 2019-2026
13. Middle East & Africa Thru-Tubing Intervention Sevices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thru-Tubing Intervention Sevices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Application
13.4.1. Offshore oil field
13.4.2. Terrestrial oil field
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thru-Tubing Intervention Sevices Market Size and Volume Forecast by Type
13.7.1. Maintenance Service
13.7.2. Improved Pipeline Service
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thru-Tubing Intervention Sevices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thru-Tubing Intervention Sevices Market: Market Share Analysis
14.2. Thru-Tubing Intervention Sevices Distributors and Customers
14.3. Thru-Tubing Intervention Sevices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baker Hughes
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Weatherford International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schlumberger
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Halliburton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TECHDaer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thru Tubing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stokes&Spiehler
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hunting
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wellpro Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LiMAR
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ALPHADEN
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Drilling Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Target Intervention
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Omega
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SageRider
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
