Wireline logging services market size is projected to be valued at USD 24.02 billion by 2022; as per a new research report by Global Market Insights, Inc. Substantial rise in real-time data gathering through electric tools is anticipated to fuel wireline logging services market growth from 2015 to 2022.

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Fuel Cell Market size worth $25.5bn by 2024
Wireline Logging Services Market Size to reach
USD 24 billion by 2022: Global Market Insights Inc.

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 Slickline technology was valued at over USD 6 billion in 2014 and is forecast to grow at 7.4% CAGR
from 2015 to 2022. The technology is predicted to witness substantial growth prospects owing to its
high importance for maintaining the production levels of well through intervention and logging
processes.
 Open hole logging services include reservoir testing & fluid sampling, geological services, formation
evaluation, and hostile slimhole tools. It is forecast to be the most attractive segment and is likely to
surpass USD 5 billion by 2022.
 Cased hole logging service is anticipated to continue dominance over the next seven years. They are
likely to be valued at more than USD 18.5 billion by 2022, growing at a 6.6% from 2015 to 2022.
 U.S. wireline logging services market growth can be associated to rising number of wells in both
onshore and offshore areas accompanied by increasing shale exploration.
Key Insights from Wireline Logging Services
Market :

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Latin America wireline logging services market size, by hole, 2012-2022 (USD Million)

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 Application Analysis
The equipment and tools are lowered into the wells either through a cased or open-hole It
offers critical information, which is used for optimized and efficient drilling purposes.
Surging demand for intensive R&D has led to the development of sophisticated high-end
products, which are delivered for ease-of-use and to provide control to meet process
requirements.
 Regional Analysis
North America, owing to Canada and U.S. wireline logging services market size, is
expected to continue being the leading region in the coming years. This is mainly a result
of growing number of wells both in offshore & onshore areas and increasing shale
activities. Majority of wells drilled are horizontal, requiring artificial lift to produce
hydrocarbon or dewater the gas wells.
 Competitive Market Share
Wireline logging services market share is dominated by Schlumberger, Halliburton, Baker
Hughes, Weatherford International, etc. Other players include Superior Energy Services,
Pioneer Energy Services, OilSERV, and Nabors Industries.
360° Analysis

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