Slickline Services Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018-2028

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Slickline Services Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018-2028

Status : August, 2020 | Energy & Mining | PPT format

Report Digest

Global Slickline Services Market: Overview

As onshore drilling gains popularity owing to lower operating costs, adoption increases and this leads to emergence of a number of wells that are ageing. To ensure better productivity from these wells, certain tasks need to be carried out such as change of downhole plugs and removal of wax. And, these require slickline services, helping the market grow considerably over the forecast period. Besides, it is worth noting that the steady CAGR (Compound Annual Growth Rate) will lead to the market presenting its players with great opportunities of growth. This is set to keep the market players active and on their toes over the forecast period of 2018 to 2028.

Global Slickline Services Market: Competitive Landscape

The global slickline services market is experiencing a slew of moves that are aimed at bringing innovation to the market landscape. Besides, a special focus of players on digital is also noted. It is also quite interesting to note that while the steady CAGR will lead to a number of business opportunities emerging in the market landscape, restraints such as increasing concerns regarding impact of exploration and production activities on the environment, volatile oil prices, and impact of geopolitics will hamper growth to a certain extent.

It is also worth noting here that the global slickline services market is quite fragmented, credit a large number of players marking the playfield. Some of the key ones include the following:

  • AOS Orwell Ltd.
  • Archer Ltd.
  • Baker Hughes Co.
  • Expro Holdings UK 2 Ltd.
  • Halliburton Co.
  • Pioneer Energy Services Corp.
  • Schlumberger Ltd.
  • Superior Energy Services Inc.
  • Weatherford International Plc
  • Wellservices BV

Global Slickline Services Market: Key Trends and Drivers

The landscape of global slickline services market is set to ride the wave of a number of a number of growth drivers and trends. The ones that are prominent are outlined below:

  • One major factor is domination of onshore activity, which accounted for a major share in the last few years owing to ease of drilling as compared to offshore. Besides, as crude oil prices recover, onshore projects would see a massive increase in activity, leading to a higher demand for slickline services.
  • Move from conventional to digital services, which are perceived as being able to perform more tasks, and provides better control and capabilities of monitoring, particularly of downhole operations, is leading to higher demand in the market, helping it take on a decent trajectory over the forecast period. Besides, it is worth noting that accurate measurement of tension, deviation, and temperature also add to the popularity of digital services.

Global Slickline Services Market: Regional Analysis

In 2019, North America held a major share of the global slickline services market and the trend will continue into the forecast period of the upcoming report. Some of the factors that help the regional market grow as per projections are increase in the number of oil and gas projects – both onshore and offshore – and increase in government initiative and in investments towards exploration and production activities.

It is worth noting here that in North America, two countries hold a considerable sway – United States of America, and Canada.

Besides, players would have a keen eye on growth of South America, that projects a promising outlook for global slickline services market players over the forecast period.

By Operation

  • Well Completion
  • Well Intervention
  • Logging

By Location of Deployment

  • Onshore
  • Offshore

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.