Fr. Mrz 29th, 2024

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global well intervention market. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2026, and key prospects over the forecast period 2018 – 2026.

According to a recently released Fact.MR report, the global market of well intervention reached an estimated value of nearly US$ 6 billion in 2017, and is likely to expand at an impressive 6% value CAGR during the 2018-2026 period. Heavy investments in discovery of new oilfields reserves on the account of rapid depletion of existing reserves and incessant demand for oil and gas are anticipated to translate into the growth of well intervention market.

Depletion of onshore oil and gas assets and declining shallow water resources have spurred technical advances that enable offshore exploration and production in deeper environments, which may largely contribute to the demand for well intervention solutions and services. Rising subsea well counts and the need to improve recovery rates from developed fields are likely to be the key factors driving the growth of well intervention market. Further, escalating demand for energy has led to increasing expenditure in various oil & gas assets including shallow, deep, and ultra-deep water which may fuel the growth of well intervention market.

The global market of well intervention is likely to gain high traction in the near future, with many E&P companies and oilfield operators shifting their investments and exploration efforts toward offshore assets to uncover large discoveries. So far, over 70% of new discovered are deemed to be found in offshore areas. North America was registered to be the largest market of well intervention in 2017, contributing a total revenue of more than US$ 3 billion, and the trend is likely to continue during the assessment period. The North America well intervention market is anticipated to be concentrated in the United States which has drilled over 14,000 wells in 2016 and is envisaged to explore more field wells in the years to come.

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After reading the well intervention market report, readers get insight into:

  • Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
  • New, promising avenues in key regions
  • New revenue streams for all players in emerging markets
  • Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
  • Demand and uptake patterns in key industries of the well intervention market
  • New research and development projects in new technologies in key regional markets
  • Changing revenue share and size of key product segments during the forecast period
  • Technologies and business models with disruptive potential

The well intervention market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (U.K., Germany)
  • APEJ (China, India)

The evaluation of the competitive landscape in the well intervention market covers the profile of the following top players:

  • Weatherford International Plc
  • Deepwell AS
  • National Oilwell Varco
  • Hunting Energy Services
  • Expro Group
  • Oceaneering International, Inc.
  • Halliburton
  • GE
  • HELIX ESG
  • Schlumberger Limited

The global well intervention market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=3216

Some important questions that the well intervention market report tries to answer exhaustively are:

  • Key strategic moves by various players in the well intervention market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
  • Which strategies will enable top players in the well intervention market to expand their geographic footprints?
  • Which new business models are expected to change the course of growth of key regional markets in near future?
  • Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
  • Which products segments have in recent years have seen new, lucrative application areas?

Pressemitteilung teilen:
Aman Preet

Von preefacto

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