Well Intervention Market: 2019 Global Industry Trends, Growth, Share, Size and 2026 Forecast Research Report

The Global Well Intervention Market will gain significantly from the increasing demand for oil and gas from offshore areas. Fortune Business Insights has recently announced publishing of a report, titled “Well Intervention Market Size, Share and Global Trend by Type (Light Intervention, Medium Intervention, Heavy Intervention), Service (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, RE-Perforation), Application (Onshore, Offshore) and Geography Forecast till 2025.” As per the report in 2018, the global well intervention market was worth US$ 8+ Bn. The global well intervention market is expected to progress at a CAGR of 5.23% and reach US$ 12.5 Bn by the end of 2026.

Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/well-intervention-market-100070

In terms of type, light intervention held the highest share in the global well intervention market. Light intervention accounted for 58.8% of the global market in 2018. The popularity of light intervention is high among end users due to its less operational cost compared to heavy and medium intervention. However, the demand for heavy and medium intervention is likely to increase during the forecast period in response to the increasing well intervention activities.

To cater the constantly increasing demand for oil and gas, key market players are trying to increase the productivity of existing wells. This is likely to increase the growth rate in the global well intervention market.

Key Companies

·         Schlumberger

·         Baker Hughes, a GE company

·         Halliburton

·         Helix Energy Solutions Group

·         C&J Energy Services

·         Expro

·         TechnipFMC

·         Superior Energy Services

·         Welltec

·         DeepWell AS