Well Testing Services Market By Service Type, By Well type, By Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global well testing services market size was valued at $6.3 billion in 2021, and projected to reach $11.1 billion by 2031, with a CAGR of 5.9% from 2022 to 2031.

Oil & gas sector plays vital role in the development of the world economy, as most of the manufacturing companies are dependent on the fossil fuel products. Furthermore, most of the transportation sector depends on petroleum as a power source. The presence of this demand has led to increase in the production of oil, hence in order to increase the efficiency the major oil & gas companies have invested in the digitization of oil & gas industry to monitor the oil wells in order to avoid future problems.

Decrease in fossil fuel resource on mainland and increase in demand for petroleum products have led to increase in the exploration of oil & gas resources in the unconventional and well hidden places. Furthermore, increase in offshore exploration and the presence of shale gas resources have driven the demand for well testing services in these areas. Offshore exploration and production of oil & gas resource have high demand for well testing services, as they can be prone to problems easily. However, the increase in stringent regulations of the government over the oil & gas companies over the environment related issues and increase in the research and innovation of alternative ecofriendly products will hamper the development of the market.

North America accounted for the largest revenue share in the global well testing services market. The presence of vast oil reserves, coupled with rise in investments in the exploration and production of fossil fuels by the oilfield operators have led to increase in the demand for well testing services market. U.S. was the largest producer of oil & gas, as of 2019 it has over 900,000 active oil & gas wells which is increasing gradually. The presence of oil & gas resources discovery in the North America region will have a positive impact on the market. Furthermore, it is anticipated that Asia-Pacific will see the most significant CAGR during the forecast period. The increased investments in the oil & gas industry in this region especially developing countries such as India, China and Indonesia, will increase the number of testing services.

The global well testing services market is segmented on the basis of service type, well type, application and region. On the basis of service type, it is segmented into Downhole well testing, surface well testing, reservoir sampling, real time well testing, and hydraulic fracturing method testing. On the basis of well type, the market is segmented into horizontal wells and vertical wells. In addition, on the basis of application, the global well testing services market is segmented into onshore and offshore. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific and Europe.

The major companies profiled in this report include Weatherford, Baker Hughes Company, Schlumberger, Halliburton, China Oilfield Services Limited, Oil States International Inc., Tetra Technologies Inc., SGS SA, Edge Drilling, Oilserv, National Energy Services Reunited, Wellmax, TechnipFMC, EXALO Drilling SA, and Greene's Energy Group. Rapid development of industrialization and urbanization have led to depletion of natural resources, which led to the exploration of oil & gas resources, increase in investment of the market players to develop more efficient technology for detection have a positive impact on the market. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the detection technologies, have led to attain key developments in the global well testing services market trends.

Impact of COVID-19 on Global Well Testing Services Market

The outbreak of has led to the decline in the production of billions of barrels of oil, trillions of cubic meters of gas, and millions of tonnes of coal from global energy systems in 2020. The decline in the demand for oil & gas products across the globe due to the shutdown of manufacturing industries has negative impact on the well testing service market growth. In addition, the shutdown of fossil fuel power generation facilities across the globe due to decline in the demand for power from chemical and other manufacturing industries have led to decline in the oil & gas resources.

Post pandemic, government has invested in the oil & gas sectors to boost the development of economy which was affected due to outbreak of pandemic. The emerging economies such as India and China have invested in exploration activities to reduce the imports of fossil fuels in order to make the country energy demand sustainable.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the well testing services market analysis from 2021 to 2031 to identify the prevailing well testing services market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the well testing services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global well testing services market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Service Type

Downhole Well Testing
Surface Well Testing
Reservoir Sampling
Real Time Well Testing
Hydraulic Fracturing Method Testing

By Well type

Horizontal wells
Vertical wells

By Application

Onshore
Offshore

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest Of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Schlumberger Limited
- Halliburton
- EXPRO Group
- Weatherford
- Minerals Technologies Inc.
- TechnipFMC Plc
- Baker Hughes
- SGS SA
- Oil States International, Inc.
- TETRA Technologies, Inc.
- MB Petroleum Services
- Helix Energy
- National Energy Services Reunited

Product Code: A31404

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Value Chain Analysis
3.8.Key Regulation Analysis

CHAPTER 4: WELL TESTING SERVICES MARKET, BY SERVICE TYPE

4.1 Overview
- 4.1.1 Market size and forecast
4.2 Downhole Well Testing
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
4.3 Surface Well Testing
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
4.4 Reservoir Sampling
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
4.5 Real Time Well Testing
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
4.6 Hydraulic Fracturing Method Testing
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country

CHAPTER 5: WELL TESTING SERVICES MARKET, BY WELL TYPE

5.1 Overview
- 5.1.1 Market size and forecast
5.2 Horizontal wells
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
5.3 Vertical wells
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country

CHAPTER 6: WELL TESTING SERVICES MARKET, BY APPLICATION

6.1 Overview
- 6.1.1 Market size and forecast
6.2 Onshore
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
6.3 Offshore
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country

CHAPTER 7: WELL TESTING SERVICES MARKET, BY REGION

7.1 Overview
- 7.1.1 Market size and forecast
7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Service Type
- 7.2.3 North America Market size and forecast, by Well type
- 7.2.4 North America Market size and forecast, by Application
- 7.2.5 North America Market size and forecast, by country
  - 7.2.5.1 U.S.
  - 7.2.5.1.1 Market size and forecast, by Service Type
  - 7.2.5.1.2 Market size and forecast, by Well type
  - 7.2.5.1.3 Market size and forecast, by Application
  - 7.2.5.2 Canada
  - 7.2.5.2.1 Market size and forecast, by Service Type
  - 7.2.5.2.2 Market size and forecast, by Well type
  - 7.2.5.2.3 Market size and forecast, by Application
  - 7.2.5.3 Mexico
  - 7.2.5.3.1 Market size and forecast, by Service Type
  - 7.2.5.3.2 Market size and forecast, by Well type
  - 7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Service Type
- 7.3.3 Europe Market size and forecast, by Well type
- 7.3.4 Europe Market size and forecast, by Application
- 7.3.5 Europe Market size and forecast, by country
  - 7.3.5.1 Germany
  - 7.3.5.1.1 Market size and forecast, by Service Type
  - 7.3.5.1.2 Market size and forecast, by Well type
  - 7.3.5.1.3 Market size and forecast, by Application
  - 7.3.5.2 UK
  - 7.3.5.2.1 Market size and forecast, by Service Type
  - 7.3.5.2.2 Market size and forecast, by Well type
  - 7.3.5.2.3 Market size and forecast, by Application
  - 7.3.5.3 France
  - 7.3.5.3.1 Market size and forecast, by Service Type
  - 7.3.5.3.2 Market size and forecast, by Well type
  - 7.3.5.3.3 Market size and forecast, by Application
  - 7.3.5.4 Italy
  - 7.3.5.4.1 Market size and forecast, by Service Type
  - 7.3.5.4.2 Market size and forecast, by Well type
  - 7.3.5.4.3 Market size and forecast, by Application
  - 7.3.5.5 Spain
  - 7.3.5.5.1 Market size and forecast, by Service Type
  - 7.3.5.5.2 Market size and forecast, by Well type
  - 7.3.5.5.3 Market size and forecast, by Application
  - 7.3.5.6 Rest of Europe
  - 7.3.5.6.1 Market size and forecast, by Service Type
  - 7.3.5.6.2 Market size and forecast, by Well type
  - 7.3.5.6.3 Market size and forecast, by Application
7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Service Type
- 7.4.3 Asia-Pacific Market size and forecast, by Well type
- 7.4.4 Asia-Pacific Market size and forecast, by Application
- 7.4.5 Asia-Pacific Market size and forecast, by country
  - 7.4.5.1 China
  - 7.4.5.1.1 Market size and forecast, by Service Type
  - 7.4.5.1.2 Market size and forecast, by Well type
  - 7.4.5.1.3 Market size and forecast, by Application
  - 7.4.5.2 Japan
  - 7.4.5.2.1 Market size and forecast, by Service Type
  - 7.4.5.2.2 Market size and forecast, by Well type
  - 7.4.5.2.3 Market size and forecast, by Application
  - 7.4.5.3 India
  - 7.4.5.3.1 Market size and forecast, by Service Type
  - 7.4.5.3.2 Market size and forecast, by Well type
  - 7.4.5.3.3 Market size and forecast, by Application
  - 7.4.5.4 South Korea
  - 7.4.5.4.1 Market size and forecast, by Service Type
  - 7.4.5.4.2 Market size and forecast, by Well type
  - 7.4.5.4.3 Market size and forecast, by Application
  - 7.4.5.5 Australia
  - 7.4.5.5.1 Market size and forecast, by Service Type
  - 7.4.5.5.2 Market size and forecast, by Well type
  - 7.4.5.5.3 Market size and forecast, by Application
  - 7.4.5.6 Rest of Asia-Pacific
  - 7.4.5.6.1 Market size and forecast, by Service Type
  - 7.4.5.6.2 Market size and forecast, by Well type
  - 7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Service Type
- 7.5.3 LAMEA Market size and forecast, by Well type
- 7.5.4 LAMEA Market size and forecast, by Application
- 7.5.5 LAMEA Market size and forecast, by country
  - 7.5.5.1 Brazil
  - 7.5.5.1.1 Market size and forecast, by Service Type
  - 7.5.5.1.2 Market size and forecast, by Well type
  - 7.5.5.1.3 Market size and forecast, by Application
  - 7.5.5.2 Saudi Arabia
  - 7.5.5.2.1 Market size and forecast, by Service Type
  - 7.5.5.2.2 Market size and forecast, by Well type
  - 7.5.5.2.3 Market size and forecast, by Application
  - 7.5.5.3 South Africa
  - 7.5.5.3.1 Market size and forecast, by Service Type
  - 7.5.5.3.2 Market size and forecast, by Well type
  - 7.5.5.3.3 Market size and forecast, by Application
  - 7.5.5.4 Rest of LAMEA
  - 7.5.5.4.1 Market size and forecast, by Service Type
  - 7.5.5.4.2 Market size and forecast, by Well type
  - 7.5.5.4.3 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES

9.1 Schlumberger Limited
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
9.2 Halliburton
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
9.3 EXPRO Group
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
9.4 Weatherford
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
9.5 Minerals Technologies Inc.
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
9.6 TechnipFMC Plc
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
9.7 Baker Hughes
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
9.8 SGS SA
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
9.9 Oil States International, Inc.
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
9.10 TETRA Technologies, Inc.
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments
9.11 MB Petroleum Services
- 9.11.1 Company overview
- 9.11.2 Company snapshot
- 9.11.3 Operating business segments
- 9.11.4 Product portfolio
- 9.11.5 Business performance
- 9.11.6 Key strategic moves and developments
9.12 Helix Energy
- 9.12.1 Company overview
- 9.12.2 Company snapshot
- 9.12.3 Operating business segments
- 9.12.4 Product portfolio
- 9.12.5 Business performance
- 9.12.6 Key strategic moves and developments
9.13 National Energy Services Reunited
- 9.13.1 Company overview
- 9.13.2 Company snapshot
- 9.13.3 Operating business segments
- 9.13.4 Product portfolio
- 9.13.5 Business performance
- 9.13.6 Key strategic moves and developments