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Global Hydraulic Workover Units Market: About this market
Workover is the process of executing maintenance operations in oil and gas wells. The global hydraulic workover units market analysis considers the application of hydraulic workover units in onshore wells and offshore wells. Our analysis also considers the application of hydraulic workover units in APAC, Europe, MEA, North America, and South America. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low costs will play a significant role in the onshore segment to maintain its market position. Also, our global hydraulic workover units market looks at factors such as advantages of hydraulic workover units, rise in oil and gas production from unconventional sources, and efforts to increase oil and gas production from mature oil and gas fields. However, the emergence of renewable energy technologies, fluctuations in crude oil prices, and technological challenges associated with hydraulic workover units may hamper the growth of the hydraulic workover industry over the forecast period.
Global Hydraulic Workover Units Market: Overview
Efforts to increase oil and gas production from mature oil and gas fields
Companies in the hydraulic workover units industry are significantly investing in improving the extraction of oil and gas from mature fields. Several oil and gas companies have initiated workover operations on mature oil and gas wells to enhance oil and gas production. This growing trend in the oil and gas industry has increased the use of hydraulic workover units, which is expected to drive the growth of the global hydraulic workover units market size at a CAGR of nearly 5% during the forecast period.
Development of intelligent well completion technologies
Oil and gas companies are adopting intelligent completion technologies that involve the deployment of permanent downhole sensors and surface-controlled downhole flow control valves. This helps operators to monitor reservoir and completion-integrity data and manage production actively. Intelligent completion devices analyze various data to support well integrity and enable operators to remotely control the flow of oil and gas from the reservoir during the production process. Many such advantages achieved by the development of intelligent well completion technologies is expected to fuel the growth of the global hydraulic workover units market size.
Competitive Landscape
With the presence of several players, the global hydraulic workover units market is fairly fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several hydraulic workover units companies, that include Canadian Energy Equipment Manufacturing FZE, Halliburton Co., High Arctic Energy Services Inc., National Oilwell Varco Inc., and Superior Energy Services Inc.
Also, the tree nuts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Workover is the process of executing maintenance operations in oil and gas wells. The global hydraulic workover units market analysis considers the application of hydraulic workover units in onshore wells and offshore wells. Our analysis also considers the application of hydraulic workover units in APAC, Europe, MEA, North America, and South America. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low costs will play a significant role in the onshore segment to maintain its market position. Also, our global hydraulic workover units market looks at factors such as advantages of hydraulic workover units, rise in oil and gas production from unconventional sources, and efforts to increase oil and gas production from mature oil and gas fields. However, the emergence of renewable energy technologies, fluctuations in crude oil prices, and technological challenges associated with hydraulic workover units may hamper the growth of the hydraulic workover industry over the forecast period.
Global Hydraulic Workover Units Market: Overview
Efforts to increase oil and gas production from mature oil and gas fields
Companies in the hydraulic workover units industry are significantly investing in improving the extraction of oil and gas from mature fields. Several oil and gas companies have initiated workover operations on mature oil and gas wells to enhance oil and gas production. This growing trend in the oil and gas industry has increased the use of hydraulic workover units, which is expected to drive the growth of the global hydraulic workover units market size at a CAGR of nearly 5% during the forecast period.
Development of intelligent well completion technologies
Oil and gas companies are adopting intelligent completion technologies that involve the deployment of permanent downhole sensors and surface-controlled downhole flow control valves. This helps operators to monitor reservoir and completion-integrity data and manage production actively. Intelligent completion devices analyze various data to support well integrity and enable operators to remotely control the flow of oil and gas from the reservoir during the production process. Many such advantages achieved by the development of intelligent well completion technologies is expected to fuel the growth of the global hydraulic workover units market size.
Competitive Landscape
With the presence of several players, the global hydraulic workover units market is fairly fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several hydraulic workover units companies, that include Canadian Energy Equipment Manufacturing FZE, Halliburton Co., High Arctic Energy Services Inc., National Oilwell Varco Inc., and Superior Energy Services Inc.
Also, the tree nuts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
List of Exhibits
Exhibit 01: Global oilfield equipment and services market
Exhibit 02: Segments of global oilfield equipment and services market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Onshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 21: Offshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 31: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: South America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: Canadian Energy Equipment Manufacturing FZE - Vendor overview
Exhibit 46: Canadian Energy Equipment Manufacturing FZE - Key offerings
Exhibit 47: Halliburton Co. - Vendor overview
Exhibit 48: Halliburton Co. - Business segments
Exhibit 49: Halliburton Co. - Organizational developments
Exhibit 50: Halliburton Co. - Geographic focus
Exhibit 51: Halliburton Co. - Segment focus
Exhibit 52: Halliburton Co. - Key offerings
Exhibit 53: High Arctic Energy Services Inc. - Vendor overview
Exhibit 54: High Arctic Energy Services, Inc. - Business segments
Exhibit 55: High Arctic Energy Services, Inc. - Organizational developments
Exhibit 56: High Arctic Energy Services, Inc. - Geographic focus
Exhibit 57: High Arctic Energy Services, Inc. - Segment focus
Exhibit 58: High Arctic Energy Services, Inc. - Key offerings
Exhibit 59: National Oilwell Varco Inc. - Vendor overview
Exhibit 60: National Oilwell Varco Inc. - Business segments
Exhibit 61: National Oilwell Varco Inc. - Organizational developments
Exhibit 62: National Oilwell Varco Inc. - Geographic focus
Exhibit 63: National Oilwell Varco Inc. - Segment focus
Exhibit 64: National Oilwell Varco Inc. - Key offerings
Exhibit 65: Superior Energy Services, Inc. - Vendor overview
Exhibit 66: Superior Energy Services, Inc. - Business segments
Exhibit 67: Superior Energy Services, Inc. - Organizational developments
Exhibit 68: Superior Energy Services, Inc. - Geographic focus
Exhibit 69: Superior Energy Services, Inc. - Segment focus
Exhibit 70: Superior Energy Services, Inc. - Key offerings
Exhibit 71: Validation techniques employed for market sizing
Exhibit 72: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by application
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Increasing emergence of rigless well intervention and abandonment technologies
- Growing use of laser technology in workover operations
- Development of intelligent well completion technologies
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Canadian Energy Equipment Manufacturing FZE
- Halliburton Co.
- High Arctic Energy Services Inc.
- National Oilwell Varco Inc.
- Superior Energy Services Inc.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Global oilfield equipment and services market
Exhibit 02: Segments of global oilfield equipment and services market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Onshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 21: Offshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 31: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: South America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: Canadian Energy Equipment Manufacturing FZE - Vendor overview
Exhibit 46: Canadian Energy Equipment Manufacturing FZE - Key offerings
Exhibit 47: Halliburton Co. - Vendor overview
Exhibit 48: Halliburton Co. - Business segments
Exhibit 49: Halliburton Co. - Organizational developments
Exhibit 50: Halliburton Co. - Geographic focus
Exhibit 51: Halliburton Co. - Segment focus
Exhibit 52: Halliburton Co. - Key offerings
Exhibit 53: High Arctic Energy Services Inc. - Vendor overview
Exhibit 54: High Arctic Energy Services, Inc. - Business segments
Exhibit 55: High Arctic Energy Services, Inc. - Organizational developments
Exhibit 56: High Arctic Energy Services, Inc. - Geographic focus
Exhibit 57: High Arctic Energy Services, Inc. - Segment focus
Exhibit 58: High Arctic Energy Services, Inc. - Key offerings
Exhibit 59: National Oilwell Varco Inc. - Vendor overview
Exhibit 60: National Oilwell Varco Inc. - Business segments
Exhibit 61: National Oilwell Varco Inc. - Organizational developments
Exhibit 62: National Oilwell Varco Inc. - Geographic focus
Exhibit 63: National Oilwell Varco Inc. - Segment focus
Exhibit 64: National Oilwell Varco Inc. - Key offerings
Exhibit 65: Superior Energy Services, Inc. - Vendor overview
Exhibit 66: Superior Energy Services, Inc. - Business segments
Exhibit 67: Superior Energy Services, Inc. - Organizational developments
Exhibit 68: Superior Energy Services, Inc. - Geographic focus
Exhibit 69: Superior Energy Services, Inc. - Segment focus
Exhibit 70: Superior Energy Services, Inc. - Key offerings
Exhibit 71: Validation techniques employed for market sizing
Exhibit 72: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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The following companies are recognised as the key players in the global hydraulic workover units market: Canadian Energy Equipment Manufacturing FZE, Halliburton Co., High Arctic Energy Services Inc., National Oilwell Varco Inc., and Superior Energy Services Inc.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of intelligent well completion technologies.”
According to the report, one of the major drivers for this market is the efforts to increase oil and gas production from mature oil and gas fields.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in crude oil prices.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of intelligent well completion technologies.”
According to the report, one of the major drivers for this market is the efforts to increase oil and gas production from mature oil and gas fields.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in crude oil prices.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Canadian Energy Equipment Manufacturing FZE
- Halliburton Co.
- High Arctic Energy Services Inc.
- National Oilwell Varco Inc.
- Superior Energy Services Inc.
Note: Product cover images may vary from those shown
