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Well Intervention Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Well Intervention Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Well Intervention Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 21 Aug 2020
  • Report ID: ICT&S 0071
  • Pages:184
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

According to a study published by Insure Insights, the global well intervention is anticipated to grow at a CAGR of 5.6% during the forecast period. A well intervention is an operation employed in oil or gas wells with the purpose of restoring or increasing the production. It was traditionally performed with drill rigs, but with considerable advancements in technologies over time, well construction and well head designs have modified, thereby well intervention to evolve as well as grow in demand. An oil or gas well requires intervention, attributing to many reasons such as changes in mechanical failure, reservoir characteristics, flow restrictions, and others.

Top Driver: Rising Demand for Energy and Growth in Oil & Gas Production

Factors driving the global well intervention market include rising demand for energy, growth in oil & gas production, and recent innovations in well interventions. Obtainable rich hydrocarbon reserves in both onshore and offshore basins and the high reliability of many economies on the oil and gas industry are estimated to drive the market in the coming future. Emerging regions are expected to witness significant development in the oil and gas fields, which will propel the need for well intervention services. Stringent government norms concerning oil & gas leaks, environmental & public health, and water contamination are major factors hindering the market. An increase in focus on the adoption of renewable energy is also a major restraint inhibiting the well intervention market.

Light Intervention is Estimated to Witness Significant Growth in the Forecast Period

The global well intervention market has been segmented into light intervention, medium intervention, and heavy intervention based on the type. The light well intervention market accounts for the largest market share. The surging demand to improve recovery rate from maturing oil & gas wells due to the rising pressure to meet the differences in demand and supply will propel the technology adoption. Other factors such as lowering of tools and sensors, including slick lines and the use of coiled tubing and wireline to prevent blockages, are some of the factors which will enhance the technology growth. Based on the services, the market is segmented into logging & bottom hole survey, stimulation, tubing, and others. Based on the application, the market is segmented into onshore and offshore.

The Emergence of Low-pressure Oil Wells to Benefit North America Market

North America is the largest market dominating the global well intervention market. Factors such as the emergence of low-pressure oil wells along with continuous rising in energy consumption will drive industry growth. In addition to this, the rising number of mature oil fields al growing focus toward shale reserves will accompany the business landscape.

Players to Focus on Well Intervention Market

The global well intervention market is estimated to stay fragmented in the forecast period owing to the new entrants. Major players operating in the market are HELIX ESG, Weatherford International Plc, National Oilwell Varco, Expro Group, GE, Deepwell AS, Hunting Energy Services, Oceaneering International, Inc., Archer, Basic Energy Services, Inc., Trican Well Service Ltd., Precision Drilling Corporation, and Superior Energy Services Inc.

Schlumberger Limited: In February 2018, Schlumberger Limited, a major player in the well intervention market, launched its motion-compensated intervention tower for advanced intervention operations on deep-water tension-leg platforms. The company acquired all the shares of Cameron in April 2016, with an objective to create technology driven growth.

Halliburton: In January 2018, Halliburton was assigned to develop and deliver integrated well intervention campaign, plugging nearly 20 offshore wells in Norway cost effectively.

Scope of the Report

By Type

  • Light Intervention
  • Medium intervention
  • Heavy intervention

By Services

  • Logging & Bottom Hole Survey
  • Stimulation
  • Tubing
  • Others

By Application

  • Onshore
  • Offshore

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Smart Greenhouse Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Smart Greenhouse Market -Industry Snapshots

6.1             Overview

6.1.1          Global Smart Greenhouse Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Smart Greenhouse Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Smart Greenhouse Market- By Type

7.2.1          Smart Greenhouse Market- Hydroponics

7.2.2          Smart Greenhouse Market- Non-hydroponics

Chapter 8           Global Smart Greenhouse Market Analysis, by Component

8.1             Overview

8.2             Key Findings for Smart Greenhouse Market- By Component

8.2.1          Smart Greenhouse Market- HVAC Systems

8.2.2          Smart Greenhouse Market- LED Grow Lights

8.2.3          Smart Greenhouse Market- Control Systems & Sensors

Chapter 9           Global Smart Greenhouse Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Smart Greenhouse Market- By End User

9.2.1          Smart Greenhouse Market- Retail Gardens

9.2.2          Smart Greenhouse Market- Commercial Growers

9.2.3          Smart Greenhouse Market- Research & Educational Institutes

9.2.4          Smart Greenhouse Market- Others

Chapter 10       Smart Greenhouse Market Analysis by Region

10.1           Key Findings for Smart Greenhouse Market- By region

10.2           Overview

10.2.1       Global Smart Greenhouse Market Analysis, By Type, 2019 – 2028

10.2.2       Global Smart Greenhouse Market Analysis, By Component, 2019 – 2028

10.2.3       Global Smart Greenhouse Market Analysis, By End User, 2019 – 2028

10.3           Smart Greenhouse Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Component

10.3.7       North America Market, By End User

10.4           Smart Greenhouse Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Component

10.4.9       Europe market by, End User

10.5           Smart Greenhouse Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Component

10.5.8       Asia Pacific Market, By End User

10.6           Smart Greenhouse Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Component

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Nexus Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Argus Control Systems Limited

12.3           Certhon

12.4           Rough Brothers, Inc.

12.5           GreenTech Agro LLC

12.6           Netafim

12.7           Sensaphone

12.8           Cultivar Ltd.

12.9           Heliospectra AB

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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