DUBLIN, April 24, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Well Intervention Market - Global Trends & Forecast to 2022" report to their offering.
The well intervention market is expected to grow from an estimated USD 8.18 billion in 2017 to USD 9.85 billion by 2022, at a CAGR of 3.78%, from 2017 to 2022. The factors driving the well intervention market include upsurge in global energy demand, increase in oil & gas production, and revitalization of aging fields/wells. Increasing focus on renewable energy and strict government regulations on E&P activities are key restraints for the growth of the well intervention market.
The well stimulation services segment is estimated to be the fastest growing due to the increasing demand for hydraulic fracturing & matrix treatments. These services are performed to restore and enhance the production of a well that is hindered by skin formation near the wellbore area. This is a frequent problem in producing wells. There are two types of remedial stimulation methods: hydraulic fracturing and matrix treatments. The demand for hydraulic fracturing is increasing in the Americas, making it a lucrative market.
The offshore well intervention application segment is expected to grow at the fastest pace during the forecast period. This is due to the onshore fields reaching maturity and the increasing E&P activities in the offshore environment.
- Archer Limited
- Baker Hughes Incorporated
- Basic Energy Services, Inc.
- Expro International Group Holdings, Ltd.
- GE Oil & Gas
- Halliburton Company
- Key Energy Services
- Lupatech SA
- Schlumberger Limited
- Superior Energy Services, Inc.
- TechnipFMC, PLC.
- Trican Well Service, Ltd.
- Weatherford International, PLC.
- Welltec International APS
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Well Intervention Market, By Service
7 Well Intervention Market, By Application
8 Well Intervention Market, By Region
9 Competitive Landscape
10 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/3qc2s4/well_intervention
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/well-intervention-market-to-reach-985-billion-by-2022---increasing-focus-on-renewable-energy--strict-government-regulations-on-ep-activities---research-and-markets-300444106.html