Well Testing Services Market
Well Testing Services - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Well Testing Services Market is accounted for $8.09 billion in 2019 and is expected to reach $14.97 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Increasing drilling activities, rising demand for hydrocarbon production from onshore as well as onshore areas and increasing production of oil & gas are driving the market growth. However, declining crude oil prices is hampering the market growth.
A well testing service or well work is any operation carried out on an oil or gas well before drilling or during drilling which provides well diagnostics or manages the production of the well. The well testing service is used for checking the viability at various phases of exploration, appraisal, and development of the well by understanding the characteristics of the reservoir and the properties of the fluid.
Based on the service, the real-time well testing segment is going to have a lucrative growth during the forecast period owing to optimized & stabilized results and continuous and large increment in the U.S. exploration and production activities. By geography, North America is going to have a lucrative growth during the forecast period as increasing E&P expenditure and rising shale gas activities particularly in the U.S. and Canada is expected to enhance demand for these services over the next six years.
Some of the key players profiled in the Well Testing Services Market include Weatherford International Plc, TETRA Technologies, Inc., SGS S.A., Schlumberger Limited, PW Well Test Ltd, MB Petroleum Services LLC, Helix Energy Solutions Group Inc., Halliburton Company, Greene’s Energy Group, FMC Technologies Inc., Expro Group, China Oilfield Services Limited, CETCO Energy Services, Baker Hughes Company, and AGR Group ASA.
Stages Covered:
• Exploration, Appraisal, & Development
• Production
Services Covered:
• Surface Well Testing
• Reservoir Sampling & Analysis
• Downhole Well Testing
• Subsea Services
• Real-Time Well Testing
Applications Covered:
• Offshore
• Onshore
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Well Testing Services Market, By Stage
5.1 Introduction
5.2 Exploration, Appraisal, & Development
5.3 Production
6 Global Well Testing Services Market, By Service
6.1 Introduction
6.2 Surface Well Testing
6.3 Reservoir Sampling & Analysis
6.4 Downhole Well Testing
6.5 Subsea Services
6.6 Real-Time Well Testing
7 Global Well Testing Services Market, By Application
7.1 Introduction
7.2 Offshore
7.3 Onshore
8 Global Well Testing Services Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Weatherford International Plc
10.2 TETRA Technologies, Inc.
10.3 SGS S.A.
10.4 Schlumberger Limited
10.5 PW Well Test Ltd
10.6 MB Petroleum Services LLC
10.7 Helix Energy Solutions Group Inc.
10.8 Halliburton Company
10.9 Greene’s Energy Group
10.10 FMC Technologies Inc.
10.11 Expro Group
10.12 China Oilfield Services Limited
10.13 CETCO Energy Services
10.14 Baker Hughes Company
10.15 AGR Group ASA
List of Tables
1 Global Well Testing Services Market Outlook, By Region (2018-2027) ($MN)
2 Global Well Testing Services Market Outlook, By Stage (2018-2027) ($MN)
3 Global Well Testing Services Market Outlook, By Exploration, Appraisal, & Development (2018-2027) ($MN)
4 Global Well Testing Services Market Outlook, By Production (2018-2027) ($MN)
5 Global Well Testing Services Market Outlook, By Service (2018-2027) ($MN)
6 Global Well Testing Services Market Outlook, By Surface Well Testing (2018-2027) ($MN)
7 Global Well Testing Services Market Outlook, By Reservoir Sampling & Analysis (2018-2027) ($MN)
8 Global Well Testing Services Market Outlook, By Downhole Well Testing (2018-2027) ($MN)
9 Global Well Testing Services Market Outlook, By Subsea Services (2018-2027) ($MN)
10 Global Well Testing Services Market Outlook, By Real-Time Well Testing (2018-2027) ($MN)
11 Global Well Testing Services Market Outlook, By Application (2018-2027) ($MN)
12 Global Well Testing Services Market Outlook, By Offshore (2018-2027) ($MN)
13 Global Well Testing Services Market Outlook, By Onshore (2018-2027) ($MN)
14 North America Well Testing Services Market Outlook, By Country (2018-2027) ($MN)
15 North America Well Testing Services Market Outlook, By Stage (2018-2027) ($MN)
16 North America Well Testing Services Market Outlook, By Exploration, Appraisal, & Development (2018-2027) ($MN)
17 North America Well Testing Services Market Outlook, By Production (2018-2027) ($MN)
18 North America Well Testing Services Market Outlook, By Service (2018-2027) ($MN)
19 North America Well Testing Services Market Outlook, By Surface Well Testing (2018-2027) ($MN)
20 North America Well Testing Services Market Outlook, By Reservoir Sampling & Analysis (2018-2027) ($MN)
21 North America Well Testing Services Market Outlook, By Downhole Well Testing (2018-2027) ($MN)
22 North America Well Testing Services Market Outlook, By Subsea Services (2018-2027) ($MN)
23 North America Well Testing Services Market Outlook, By Real-Time Well Testing (2018-2027) ($MN)
24 North America Well Testing Services Market Outlook, By Application (2018-2027) ($MN)
25 North America Well Testing Services Market Outlook, By Offshore (2018-2027) ($MN)
26 North America Well Testing Services Market Outlook, By Onshore (2018-2027) ($MN)
27 Europe Well Testing Services Market Outlook, By Country (2018-2027) ($MN)
28 Europe Well Testing Services Market Outlook, By Stage (2018-2027) ($MN)
29 Europe Well Testing Services Market Outlook, By Exploration, Appraisal, & Development (2018-2027) ($MN)
30 Europe Well Testing Services Market Outlook, By Production (2018-2027) ($MN)
31 Europe Well Testing Services Market Outlook, By Service (2018-2027) ($MN)
32 Europe Well Testing Services Market Outlook, By Surface Well Testing (2018-2027) ($MN)
33 Europe Well Testing Services Market Outlook, By Reservoir Sampling & Analysis (2018-2027) ($MN)
34 Europe Well Testing Services Market Outlook, By Downhole Well Testing (2018-2027) ($MN)
35 Europe Well Testing Services Market Outlook, By Subsea Services (2018-2027) ($MN)
36 Europe Well Testing Services Market Outlook, By Real-Time Well Testing (2018-2027) ($MN)
37 Europe Well Testing Services Market Outlook, By Application (2018-2027) ($MN)
38 Europe Well Testing Services Market Outlook, By Offshore (2018-2027) ($MN)
39 Europe Well Testing Services Market Outlook, By Onshore (2018-2027) ($MN)
40 Asia Pacific Well Testing Services Market Outlook, By Country (2018-2027) ($MN)
41 Asia Pacific Well Testing Services Market Outlook, By Stage (2018-2027) ($MN)
42 Asia Pacific Well Testing Services Market Outlook, By Exploration, Appraisal, & Development (2018-2027) ($MN)
43 Asia Pacific Well Testing Services Market Outlook, By Production (2018-2027) ($MN)
44 Asia Pacific Well Testing Services Market Outlook, By Service (2018-2027) ($MN)
45 Asia Pacific Well Testing Services Market Outlook, By Surface Well Testing (2018-2027) ($MN)
46 Asia Pacific Well Testing Services Market Outlook, By Reservoir Sampling & Analysis (2018-2027) ($MN)
47 Asia Pacific Well Testing Services Market Outlook, By Downhole Well Testing (2018-2027) ($MN)
48 Asia Pacific Well Testing Services Market Outlook, By Subsea Services (2018-2027) ($MN)
49 Asia Pacific Well Testing Services Market Outlook, By Real-Time Well Testing (2018-2027) ($MN)
50 Asia Pacific Well Testing Services Market Outlook, By Application (2018-2027) ($MN)
51 Asia Pacific Well Testing Services Market Outlook, By Offshore (2018-2027) ($MN)
52 Asia Pacific Well Testing Services Market Outlook, By Onshore (2018-2027) ($MN)
53 South America Well Testing Services Market Outlook, By Country (2018-2027) ($MN)
54 South America Well Testing Services Market Outlook, By Stage (2018-2027) ($MN)
55 South America Well Testing Services Market Outlook, By Exploration, Appraisal, & Development (2018-2027) ($MN)
56 South America Well Testing Services Market Outlook, By Production (2018-2027) ($MN)
57 South America Well Testing Services Market Outlook, By Service (2018-2027) ($MN)
58 South America Well Testing Services Market Outlook, By Surface Well Testing (2018-2027) ($MN)
59 South America Well Testing Services Market Outlook, By Reservoir Sampling & Analysis (2018-2027) ($MN)
60 South America Well Testing Services Market Outlook, By Downhole Well Testing (2018-2027) ($MN)
61 South America Well Testing Services Market Outlook, By Subsea Services (2018-2027) ($MN)
62 South America Well Testing Services Market Outlook, By Real-Time Well Testing (2018-2027) ($MN)
63 South America Well Testing Services Market Outlook, By Application (2018-2027) ($MN)
64 South America Well Testing Services Market Outlook, By Offshore (2018-2027) ($MN)
65 South America Well Testing Services Market Outlook, By Onshore (2018-2027) ($MN)
66 Middle East & Africa Well Testing Services Market Outlook, By Country (2018-2027) ($MN)
67 Middle East & Africa Well Testing Services Market Outlook, By Stage (2018-2027) ($MN)
68 Middle East & Africa Well Testing Services Market Outlook, By Exploration, Appraisal, & Development (2018-2027) ($MN)
69 Middle East & Africa Well Testing Services Market Outlook, By Production (2018-2027) ($MN)
70 Middle East & Africa Well Testing Services Market Outlook, By Service (2018-2027) ($MN)
71 Middle East & Africa Well Testing Services Market Outlook, By Surface Well Testing (2018-2027) ($MN)
72 Middle East & Africa Well Testing Services Market Outlook, By Reservoir Sampling & Analysis (2018-2027) ($MN)
73 Middle East & Africa Well Testing Services Market Outlook, By Downhole Well Testing (2018-2027) ($MN)
74 Middle East & Africa Well Testing Services Market Outlook, By Subsea Services (2018-2027) ($MN)
75 Middle East & Africa Well Testing Services Market Outlook, By Real-Time Well Testing (2018-2027) ($MN)
76 Middle East & Africa Well Testing Services Market Outlook, By Application (2018-2027) ($MN)
77 Middle East & Africa Well Testing Services Market Outlook, By Offshore (2018-2027) ($MN)
78 Middle East & Africa Well Testing Services Market Outlook, By Onshore (2018-2027) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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