Analytics, Research & Consulting Wireline Services Market Outlook by 2023 | Page 2

Americas held the largest market share in the Wireline Services Market The American region holds the largest market share and growth in the Wireline Services Market and is anticipated to reach $4.9 billion by 2023 at a CAGR of 6.31%. However, Europe witnesses the highest growth during the forecast period and is expected to reach $1.6 billion by 2023 at a CAGR of 9.54%. American wireline service market is mainly driven by the huge demand for oil and gas in recent years. Recent discovery of shale oilfields in this region has paved the way to meet the increase in demand which would result in the escalating use of wireline tools for well intervention and to evaluate data from the oil wells. The key applications include wireline logging, wireline intervention, wireline completion, recovery and others. Contact : [email protected]