Asia-Pacific Wireline Services Market - Growth, Trends, and Forecast (2018 - 2023)

Asia-Pacific region has limited oil reserves. After the oil price crisis, oil production in the region has stagnated. But, the region is becoming a major gas producer. In 2016, gas production in the Asia-Pacific region accounted for 16.3% of the global gas production. The gas production and consumption in the region is expected to register a significant growth during the forecast period; which in turn is expected to drive the investments in the upstream sector, and hence, the wireline services market.

Increasing Demand for Energy to Drive the Market

The Asia-Pacific region is the biggest consumer of oil and gas, and the consumption in the region is increasing at a substantial rate. Major energy consumers in the region are India, China, and Japan. These countries primarily depend on imports to meet the oil & gas requirement. Governments of India and China are encouraging investment in the upstream industry, in order to reduce their dependence on imports. China announced the oil & gas industry reforms in 2017, aimed at liberalizing the market, and in turn, inviting private investments in the sector. The Cabinet Committee on Economic Affairs (CCEA) of India has approved a new shale gas policy, which permits state-owned as well as private companies to explore and produce natural gas in shale plays of the region. This new development is expected to drive the upstream activity in the gas industry, in turn driving the oil & gas EPC market in the country. Increasing investments in the upstream oil & gas sector to meet the energy demands are expected to drive the wireline services market, during the forecast period.

Gas Consumption and Exports to Drive the Market in Australia

During 2010-16, Australia’s oil consumption declined by 25%, while oil production remained stable. Gas production and consumption, on the other hand, has seen significant growth. During 2009-16, the gas production in the country almost doubled. Gas consumption during the same year increased by more than 30%. During 2015-16, Australia’s LNG Exports increased by 49%. In 2016, Australia was the biggest LNG exporter in the Asia-Pacific region. Major importers of the Australian gas are China and Japan. Gas exports are expected to increase mainly due to the growing demand from China. With growing demand, the investment in the upstream gas sector is expected to increase, which, in turn, is expected to drive the market in Australia.

Key Developments in the Market

• June 2017: Schlumberger Limited released Pulsar Multifunction spectroscopy service. The service provides improved quality cased hole logging operation. The new services provide cased hole log data quality that is comparable to open hole logs.

The major players include - Baker Hughes A GE Company, Halliburton Company, Expro Group, Schlumberger Limited, SGS SA, Weatherford International PLC, amongst others.

Reasons to Purchase this Report

• Current and future Asia-Pacific wireline services market outlook in the developed and emerging markets


• Analyzing various perspectives of the market with the help of Porter’s five forces analysis


• The segment that is expected to dominate the market


• Countries that are expected to witness the fastest growth during the forecast period


• Identify the latest developments, market shares, and strategies employed by the major market players


• 3 months analyst support, along with the Market Estimate sheet (in excel)

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