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PUBLISHER: IMARC | PRODUCT CODE: 1378835
PUBLISHER: IMARC | PRODUCT CODE: 1378835
Well Intervention Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global well intervention market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2022-2028.
Well intervention refers to a remedial operation performed on an oil or gas well to alter its state or geometry in order to increase or restore its production. It is generally performed via two methods, including light or heavy intervention. In a light intervention, technicians' lower tools or sensors into a live well to minimize potential well blockages. On the other hand, in a heavy intervention, the rig crew stops production at the formation before making significant equipment changes and removes the wellhead and other pressure barriers from the well to allow full access to the wellbore.
At present, the market is experiencing growth on account of the rising number of mature oil and gas fields, along with the escalating demand for refined petroleum products due to rapid urbanization and industrialization, especially in emerging economies. Apart from this, governments of various countries are implementing taxation schemes to focus on the development of oil and gas reserves, which is also strengthening the growth of the market. Furthermore, increasing investments in technological advancements to improve exploration and production activities is propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global well intervention market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, well type and application.
Breakup by Service Type:
Logging and Bottomhole Survey
Tubing/Packer Failure Repair
Stimulation
Sand Control
Zonal Isolation
Artificial Lift
Fishing
Others
Breakup by Well Type:
Vertical Well
Horizontal Well
Breakup by Application:
Onshore Applications
Offshore Applications
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aker Solutions, Archer Limited, Baker Hughes Company (General Electric), China Oilfield Services Ltd. (China National Offshore Oil Corporation), Expro Group, Halliburton Company, Schlumberger Limited, Scientific Drilling International Inc., Superior Energy Services Inc., Vallourec and Weatherford International Plc.
Key Questions Answered in This Report:
- How has the global well intervention market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global well intervention market?
- What are the key regional markets?
- What is the breakup of the market based on the service type?
- What is the breakup of the market based on the well type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global well intervention market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2884
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Well Intervention Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Service Type
- 6.1 Logging and Bottomhole Survey
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Tubing/Packer Failure Repair
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Stimulation
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Sand Control
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Zonal Isolation
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Artificial Lift
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Fishing
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Well Type
- 7.1 Vertical Well
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Horizontal Well
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Onshore Applications
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offshore Applications
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aker Solutions
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Archer Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Baker Hughes Company (General Electric)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 China Oilfield Services Ltd. (China National Offshore Oil Corporation)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Expro Group
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Halliburton Company
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Schlumberger Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Scientific Drilling International Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Superior Energy Services Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Vallourec
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Weatherford International Plc
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 Aker Solutions
Product Code: SR112023A2884
List of Figures
- Figure 1: Global: Well Intervention Market: Major Drivers and Challenges
- Figure 2: Global: Well Intervention Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Well Intervention Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Well Intervention Market: Breakup by Service Type (in %), 2022
- Figure 5: Global: Well Intervention Market: Breakup by Well Type (in %), 2022
- Figure 6: Global: Well Intervention Market: Breakup by Application (in %), 2022
- Figure 7: Global: Well Intervention Market: Breakup by Region (in %), 2022
- Figure 8: Global: Well Intervention (Logging and Bottomhole Survey) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Well Intervention (Logging and Bottomhole Survey) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Well Intervention (Tubing/Packer Failure Repair) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Well Intervention (Tubing/Packer Failure Repair) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Well Intervention (Stimulation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Well Intervention (Stimulation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Well Intervention (Sand Control) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Well Intervention (Sand Control) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Well Intervention (Zonal Isolation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Well Intervention (Zonal Isolation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Well Intervention (Artificial Lift) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Well Intervention (Artificial Lift) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Well Intervention (Fishing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Well Intervention (Fishing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Well Intervention (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Well Intervention (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Well Intervention (Vertical Well) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Well Intervention (Vertical Well) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Well Intervention (Horizontal Well) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Well Intervention (Horizontal Well) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Well Intervention (Onshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Well Intervention (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Well Intervention (Offshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Well Intervention (Offshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Asia-Pacific: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Europe: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Latin America: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: Well Intervention Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: Well Intervention Industry: SWOT Analysis
- Figure 82: Global: Well Intervention Industry: Value Chain Analysis
- Figure 83: Global: Well Intervention Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Well Intervention Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Well Intervention Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
- Table 3: Global: Well Intervention Market Forecast: Breakup by Well Type (in Million US$), 2023-2028
- Table 4: Global: Well Intervention Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Well Intervention Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Well Intervention Market: Competitive Structure
- Table 7: Global: Well Intervention Market: Key Players
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