$11 Billion Well Intervention Market by Services, Type, Application & Region – Global Forecast to 2023 – ResearchAndMarkets.com

The "Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Type (Light, Medium, Heavy), Application & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The Well Intervention market is projected to reach USD 11 billion by 2023 from an estimated USD 8.5 billion in 2018, at a CAGR of 5.35%.

This can be attributed to the growth of technological developments in the oil & gas industry. Increasing demand for well intervention in subsea and discoveries of new oilfields offer promising business opportunities for the growth of the well intervention market. The strict environmental regulations on E&P activities can act as a restraint for Well Intervention market.

The Stimulation segment held the largest market share in 2018 and is estimated to be the fastest growing segment during the forecast period. It is majorly driven by the increasing demand for hydraulic fracturing & matrix treatments.

The Offshore segment led the Well Intervention market in 2018 and is expected to be the fastest growing market during the forecast period. This growth is majorly driven by increasing deepwater drilling and production activities and by the increasing number of maturing subsea wells.

North America is expected to be the largest market for Well intervention in 2023 and is projected to grow at the highest CAGR, during the forecast period. The market growth is driven by investments in the power generation and oil & gas sectors.

Market Dynamics

Drivers

• Reactivation of Mature Oilfields
• Shale Boom in Americas and Asia Pacific
• Upsurge in Oil & Gas Production
• Increase in Global Energy Demand

Restraints

• Increasing Focus on Renewable Energy
• Strict Government Regulations on E&P Activities

Opportunities

• New Oilfield Discoveries
• Demand for Well Intervention in Subsea

Challenges

• High-Temperature Intervention Challenges
• Application of Artificial Lift Technique of Well Intervention in Horizontal Wells

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Well Intervention Market, By Service

7 Well Intervention Market, By Application

8 Well Intervention Market, By Intervention Type

9 Well Intervention Market, By Region

10 Competitive Landscape

11 Company Profiles

• Altus Intervention
• Archer
• Baker Hughes, a GE Company
• C&J Energy Services Inc.
• Expro Group
• Halliburton
• Oilserv
• Schlumberger Limited
• Superior Energy Services Inc.
• Trican
• Weatherford
• Welltec

For more information about this report visit https://www.researchandmarkets.com/research/x2vv5p/11_billion_well?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181210005617/en/