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Well Intervention Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5901681
Description Jump to:
The global well intervention market size reached US$ 7.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2022-2028.

Well intervention refers to a remedial operation performed on an oil or gas well to alter its state or geometry in order to increase or restore its production. It is generally performed via two methods, including light or heavy intervention. In a light intervention, technicians’ lower tools or sensors into a live well to minimize potential well blockages. On the other hand, in a heavy intervention, the rig crew stops production at the formation before making significant equipment changes and removes the wellhead and other pressure barriers from the well to allow full access to the wellbore.

At present, the market is experiencing growth on account of the rising number of mature oil and gas fields, along with the escalating demand for refined petroleum products due to rapid urbanization and industrialization, especially in emerging economies. Apart from this, governments of various countries are implementing taxation schemes to focus on the development of oil and gas reserves, which is also strengthening the growth of the market. Furthermore, increasing investments in technological advancements to improve exploration and production activities is propelling the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global well intervention market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type, well type and application.

Breakup by Service Type:

  • Logging and Bottomhole Survey
  • Tubing/Packer Failure Repair
  • Stimulation
  • Sand Control
  • Zonal Isolation
  • Artificial Lift
  • Fishing
  • Others

Breakup by Well Type:

  • Vertical Well
  • Horizontal Well

Breakup by Application:

  • Onshore Applications
  • Offshore Applications

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aker Solutions, Archer Limited, Baker Hughes Company (General Electric), China Oilfield Services Ltd. (China National Offshore Oil Corporation), Expro Group, Halliburton Company, Schlumberger Limited, Scientific Drilling International Inc., Superior Energy Services Inc., Vallourec and Weatherford International Plc.

Key Questions Answered in This Report:

  • How has the global well intervention market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global well intervention market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service type?
  • What is the breakup of the market based on the well type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global well intervention market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Well Intervention Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service Type
6.1 Logging and Bottomhole Survey
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Tubing/Packer Failure Repair
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Stimulation
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Sand Control
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Zonal Isolation
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Artificial Lift
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Fishing
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Well Type
7.1 Vertical Well
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Horizontal Well
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Onshore Applications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offshore Applications
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aker Solutions
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Archer Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Baker Hughes Company (General Electric)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 China Oilfield Services Ltd. (China National Offshore Oil Corporation)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Expro Group
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Halliburton Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Schlumberger Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Scientific Drilling International Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Superior Energy Services Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Vallourec
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Weatherford International Plc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Well Intervention Market: Major Drivers and Challenges
Figure 2: Global: Well Intervention Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Well Intervention Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Well Intervention Market: Breakup by Service Type (in %), 2022
Figure 5: Global: Well Intervention Market: Breakup by Well Type (in %), 2022
Figure 6: Global: Well Intervention Market: Breakup by Application (in %), 2022
Figure 7: Global: Well Intervention Market: Breakup by Region (in %), 2022
Figure 8: Global: Well Intervention (Logging and Bottomhole Survey) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Well Intervention (Logging and Bottomhole Survey) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Well Intervention (Tubing/Packer Failure Repair) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Well Intervention (Tubing/Packer Failure Repair) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Well Intervention (Stimulation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Well Intervention (Stimulation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Well Intervention (Sand Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Well Intervention (Sand Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Well Intervention (Zonal Isolation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Well Intervention (Zonal Isolation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Well Intervention (Artificial Lift) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Well Intervention (Artificial Lift) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Well Intervention (Fishing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Well Intervention (Fishing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Well Intervention (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Well Intervention (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Well Intervention (Vertical Well) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Well Intervention (Vertical Well) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Well Intervention (Horizontal Well) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Well Intervention (Horizontal Well) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Well Intervention (Onshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Well Intervention (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Well Intervention (Offshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Well Intervention (Offshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia-Pacific: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia-Pacific: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Well Intervention Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Well Intervention Market: Breakup by Country (in %), 2022
Figure 80: Middle East and Africa: Well Intervention Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Well Intervention Industry: SWOT Analysis
Figure 82: Global: Well Intervention Industry: Value Chain Analysis
Figure 83: Global: Well Intervention Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Well Intervention Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Well Intervention Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
Table 3: Global: Well Intervention Market Forecast: Breakup by Well Type (in Million US$), 2023-2028
Table 4: Global: Well Intervention Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Well Intervention Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Well Intervention Market: Competitive Structure
Table 7: Global: Well Intervention Market: Key Players

Companies Mentioned

  • Aker Solutions
  • Archer Limited
  • Baker Hughes Company (General Electric)
  • China Oilfield Services Ltd. (China National Offshore Oil Corporation)
  • Expro Group
  • Halliburton Company
  • Schlumberger Limited
  • Scientific Drilling International Inc.
  • Superior Energy Services Inc.
  • Vallourec and Weatherford International Plc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedNovember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 7.6 Billion
Forecasted Market Value ( USD ) by 2028 $ 9.8 Billion
Compound Annual Growth Rate4.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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