Well Intervention Market Overview, Analysis, Growth Opportunities And ForecastPosted by Neha Bora on October 16th, 2019 San Francisco, 16 October 2019: The Report Well Intervention Market Analysis By Service (Logging & Bottom Hole Survey, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control Services, Artificial Lift, Fishing), By Application, And Segment Forecasts, 2018 – 2025 The global well intervention market is expected to reach USD 17.76 billion by 2025, according to a new report by Grand View Research, Inc. Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy. Well intervention services have various uses in drilling operations including, monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and fro the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals. Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including, perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance; owing to the high amount of risk. On account of this scenario, logging and bottom hole survey was the largest service category in 2016 and is projected to show a steady growth over the next eight years. The logging and bottom hole survey segment had a market share of 22.1% in 2016. Offshore is expected to be the fastest growing segment in the application category over the forecast period with an estimated CAGR of 5.1% from 2016 to 2025. A lot of logistics are required for offshore exploration & production activities. The equipment utilized for offshore drilling operations is also expensive as it has to withstand the pressure & temperature of the water bodies as well as the drilling activity. This factor is anticipated to positively drive the offshore segment growth over the forecast period of 2017 to 2025. Access Research Report of Well Intervention Market @ www.grandviewresearch.com/industry-analysis/well-intervention-market Further key findings from the report suggest:
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments Grand View Research has segmented the global well intervention market on the basis of service, application, and region: Well Intervention Service Outlook (Revenue, USD Million, 2014 - 2025)
Well Intervention Application Outlook (Revenue, USD Million, 2014 - 2025)
Well Intervention Regional Outlook (Revenue, USD Million, 2014 - 2025)
Access Press Release of Well Intervention Market @ www.grandviewresearch.com/press-release/global-well-intervention-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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