Market research Future Wireline Services Market_PDF | Page 3

Wireline Services Market Research Report- Forecast to 2023
3 Market Dynamics:
Drivers
The development of offshore oil platforms, coupled with the geographical expansion of oil industry is the
critical driver of the market. The development of shale oil reserves in Latin America, U.S. Canada and
others nations is critical commercial driver of the market. The growing energy demands of the world due
to industrialization, population growth and others are demand led drivers of the global wireline services
market.
Technological advancements such as the development of fiber optic sensing technology, acoustic, nuclear
and correlation measurements technologies and development of advanced analytics is driving the market.
Optical fiber technology is fast replacing traditional wireline copper infrastructure due to advantages such
as higher bandwidth, ability to transmit huge quantities of data over long distances, cheaper than copper
wires and low noise and interference.
Segments
To generate a detailed understanding of the wire line services market the report has been segmented on the
basis of
Application - completion, intervention and logging.
Type - E- lines and slicklines.
Well type - cased wells and open wells.
Location – offshore and onshore.
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