Global Wireline Logging Services Market is predicted to increase nearly USD 43.36 billion by 2030

Global Wireline Logging Services Market to Reach $43.36 Billion by 2030 with 7.2% CAGR

The global wireline logging services industry size was nearly USD 29.34 Billion in 2022 and is predicted to increase to nearly USD 43.36 Billion by 2030 along with recording a CAGR of approximately 7.2% from 2023 to 2030.

Wireless logging services make use of an electric cable for lowering tools into a borehole for performing consistent recording & monitoring of the oil reservoir features. The technique is extensively utilized for mapping oil reservoirs and their related hydrocarbons as it offers key data which can assist in effective & enhanced drilling activities. Furthermore, the equipment can be lowered into the oil wells through either a cased hole or an open hole.

The surge in oil and gas production & exploration activities witnessed across the globe will drive the global wireline logging services market trends. Furthermore, technological breakthroughs and a rise in focus on producing natural gas will prompt the global market demand. In addition to this, humungous demand for research activities pertaining to the production of high-end items for fulfilling process requirements will extend the scope of the expansion of the wireline logging services market across the globe.

However, shifting of power transition to renewable sources of energy due to growing awareness about environmental protection can hinder the expansion of the global wireline logging services industry in the ensuing years. Nonetheless, wireline logging services assist firms in the oil & gas business to compete against business rivals, thereby providing new growth opportunities for the global industry.

The global wireline logging services market is divided into technology, hole type, and region. 

Based on technology, the global wireline logging services market is divided into e-line and slackline segments. Furthermore, the e-line segment is slated to register the highest CAGR of more than 9.1% in the upcoming years owing to the massive use of e-line technology in well-logging operations with the latter requiring constant evaluation with the help of electric systems. Moreover, e-line technology is capable of sending data constantly on the surface, thereby boosting the segmental surge.

In terms of hole type, the global wireline logging services industry is sectored into the open hole and cased hole segments. Moreover, the cased hole segment, which accounted for nearly 81% of the global industry share in 2022, is anticipated to register the highest gains in the ensuing years. In addition, the segmental surge can be attributed to ability of cased holes in assessing wells through the deployment of evaluation tools post-process completion in the oil wells.  

The wireless logging services market in North America will witness a humungous expansion in the next eight years. Furthermore, the region is slated to register a CAGR of more than 10% over the forecast timeline. The regional market surge over 2023-2030 can be attributed to a rise in oil production & exploration activities in Canada and the U.S. In addition to this, the presence of key industry players in the region will contribute substantially towards the market proceeds in North America. In addition, favorable government laws and the recovery of hydrocarbons will prompt the expansion of the wireline logging services market in North America.

Furthermore, the wireless logging services industry in the Asia-Pacific region is predicted to record moderate growth with a rise in oil & gas exploration activities in the sub-continent. Burgeoning demand for wireline logging services in countries of the Middle east region will help the wireline logging services market expand by leaps & bounds in the Middle East and Africa.

This review is based on a report by Zion Market Research, titled “Wireline Logging Services Market By Technology (E-Line And Slickline), By Hole Type (Open Hole And Cased Hole), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/wireline-logging-services-market

Recent Developments:

• In the second half of 2021, Baker Hughes Company, a key oilfield service firm based in the U.S., got two contracts from Abu Dhabi National Oil Company for oilfield service & equipment for its two upstream oil fields in UAE. The move is predicted to open new avenues of growth for the wireline logging services industry in the Middle East region.
• In the last quarter of 2020, Equinor, a petroleum refining firm, offered an oil field service deal to three key players in the oilfield service business, namely, Halliburton, Baker Hughes, and Schlumberger. For the record, the USD 455.1 million deal was provided to perform the oil drilling & well services at a field based in an offshore location in Brazil. Moreover, the drilling activities are likely to commence in 2024 with a production capacity of 220,000 barrels a day. The move will contribute notably towards the expansion of the wireline logging services business in the Latin American region.

Key players in the global wireline logging services industry include:

• Calfrac Well Services
• Groundwater Resources International
• Ray International LLC
• Schlumberger
• Sos Analytical Inc
• Calfrac Well Services
• Pioneer Energy Services
• Superior Energy Services
• Pride International
• Casedhole Solutions
• Geologix Limited
• Halliburton
• Nabors Industries
• Baker Hughes Co.
• Geosearches Inc
• OilServe
• EnviroCore Inc.
• Expro International Group Holdings
• SGS India
• Downhole Well Services LLC
• China Oilfield Services Limited
• Graves Environmental & Geotechnical Services Inc.
• Eichelbergers Inc.
• Weatherford International Plc.

The global wireline logging services market is segmented as follows:

By Technology

• E-line
• Slickline

By Hole Type

• Cased Hole
• Open Hole

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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