Market research Future Wireline Services Market_PDF | Page 4

Wireline Services Market Research Report- Forecast to 2023
3 Market Research Analysis
Regional Analysis:
North America accounts for the largest market share of the wireline services market followed by Asia-
Pacific and South America region. The development of shale in the U.S. and Canada is expected to drive
a faster growth of the market after a period of stagnancy.
Middle East and Asia-Pacific regions are anticipated to be the fastest growing market owing to growing
economic clout and industrialization. Malaysia, Australia, and Indonesia are key markets in the Asia-
Pacific region with a large opportunity due to discoveries of oil in the South China Sea. Other Asian
countries providing opportunities are Turkmenistan, Kazakhstan and others.
South and Central America, are another lucrative markets owing to discovery and development of a number
of mature onshore and offshore projects. Brazil, Venezuela and Mexico are expected to be the largest
markets in the Latin America and South America regions, while Argentina provides a large opportunity
due to discovery of shale gas. Liberalization of the Mexican oil & gas industry is expected to provide an
impetus while the worsening economic and political conditions in Venezuela are critical threats to the
market.
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