Zion Market Research Global Wireline Services Market, 2016–2024 | Page 3
Wireline Services Market
services market growth in the near future. These services improve oil and gas production
and operational efficiency in terms of time and cost, further boosting the global market.
Technological advancement is the major factor responsible for exploration and production
processes in the oil and gas companies. Moreover, continuous growth in production
exploration and completion activities in order to meet rising demand for wireline services are
factors contributing to the global market growth. Growth avenue in the Asia Pacific due to
the growing drilling and completion activities to meet rising energy demand of the population
is another factor impacting the market in a positive way.
Global Wireline Services Market by Segmentation: The global wireline services market is
fragmented based on the applications as portable media devices, smartphones, tablets, and
others. Of these, smartphones application segment is the largest among others. On the
other hand, tablets segment may grow at a moderate rate in the near future. Based on the
product, the global market is categorized as phone charging cases, portable power banks,
and solar power banks. Of these, portable power bank is the dominating product segment in
the global market and accommodates the highest revenue. Moreover, the global wireline
services market is segregated on the basis of battery type as lithium-polymer, and lithium-
ion. Of these, lithium-ion battery type segment contributed for the largest market share in
the global market.
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Global Wireline Services Market by Regional Analysis: North America is the leading
market for wireline services and contributed for largest market share. Ongoing R&D on
shale gas reserves and increasing exploration in the U.S. may boost the global market in
future. Moreover, the surging demand for wireline services in Asia Pacific is expected to fuel