Wireline Services Market Size, Growth, Analysis, & Forecast to 2019
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The report “Wireline Services Market by Type (Logging, Well Intervention, Completion), & Geography (Asia-Pacific, Europe, Middle East, Africa, North America, South America) – Global Trends & ...
The report “Wireline Services Market by Type (Logging, Well Intervention, Completion), & Geography (Asia-Pacific, Europe, Middle East, Africa, North America, South America) – Global Trends & Forecast to 2019″ by MarketsandMarkets is now available at RnRMarketResearch.com.
The report defines and segments the wireline services market with an analysis and forecastof the global revenue. The global wireline services market will grow from an estimated $18.75 billion in 2014. This value is expected to increase to $31.18billion by 2019 at a CAGR of 10.7% during the same period. North America is expected to lead the global wireline services market with a share of nearly 45% in terms of value generation in 2014.
The wireline services market is likely to grow reasonably in the upcoming years. The long-term drivers of the wireline services market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water and unconventional onshore areas where various wireline services are required in order to produce hydrocarbons.Wireline services are required throughout the lifecycle of an oil and gas well. The ever increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the wireline services market. However, issues associated with the environment, and increased seismic activities have slowed down the growth of this market.
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