Well Intervention Market Highlights, Fundamentals 2018,
Forecast till 2021
The report "Well Intervention Market by Services (Logging & Bottomhole Survey,
Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others),
Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022", The well
intervention market is expected to grow from an estimated USD 8.18 Billion in 2017 to USD 9.85
Billion by 2022, at a CAGR of 3.78%, from 2017 to 2022.
Browse 76 market data tables and 78 figures spread through 181 pages and in -depth TOC
on "Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer
Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application
(Onshore & Offshore), and Region - Global Trends & Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/well-intervention-market-1099.html
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The factors driving the market include upsurge in global energy demand, increase in oil & gas
production, and revitalization of aging fields/wells. Increasing focus on renewable energy and
strict government regulations on E&P activities are key restraints for the growth of the well
intervention market.
Logging & bottomhole survey is the largest service-based market segment
The report segments the well intervention market on the basis of service into logging and
bottomhole survey, tubing and packer failure and repair, stimulation, remed ial cementing, zonal
isolation, sand control services, artificial lift services, fishing, reperforation, and others*. The
logging and bottomhole survey segment is expected to dominate the well intervention market till
2022. This growth is majorly driven by the well intervention market in North America, due to
shale gas revolution and production of oil & gas from shale reserves in the region. The well
intervention market is expected to witness a growth in the developing countries of the region,
such as China and India, due to upsurge in energy demand and increase in oil & gas production
activities in these countries.
Others* include water shut off, casing repair, horizontal well sand control, well abandonment,
sand washing, and paraffin/asphaltene/hydrates removal, among others