Well Intervention Market to Grow at 4.34% CAGR to 2021

Onshore to Cater Max Demand

PUNE, India, July 21, 2016 /PRNewswire/ --

Recent research titled "Global Well Intervention Market 2016-2021" says worldwide, well intervention is forecast to grow at a CAGR of 4.34% during 2016 - 2021F, on account of rising demand in the oil and gas energy along with ageing well assets. The increasing trend in the well intervention market is set to continue further with the current surge in offshore and onshore activities and unconventional resources exploratory activities.

Complete report on global well intervention market spreads across 212 pages, analysing 10 companies and supported by 7 tables and 136 figures is available at http://www.reportsnreports.com/reports/628258-global-well-intervention-market-by-service-by-application-by-region-opportunities-and-forecasts-2016-2021-by-service-logging-bottom-hole-survey-tubing-packer-failure-repair-stimulation-sand-control-services-re-perforation-remedial-cementing-zonal-isolation-artificial-lift-fishing-by-application-onshore-offshore-by-country-usa-saudi-arabia-china-nigeria-russia-brazil-.html.

Increase in demand for crude oil and fuel along with preventive steps for ageing wells from well owners, increasing number of drill rig count and decrease in the productivity of various gas and oil wells, are the basic reasons behind increased demands for the intervention services in both onshore and offshore areas.

The Global Well Intervention Market (By Service, By Application, By Region): Opportunities and Forecasts (2016-2021) (By Service - Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control Services, Re-Perforation, Remedial Cementing, Zonal Isolation, Artificial Lift, Fishing; By Application - Onshore & Offshore; By Country -USA, Saudi Arabia, China, Nigeria, Russia, Brazil) report say, Africa is the highest growing market with Nigeria being major market, North America is having high growth with U.S. providing momentum, and Europe is having sluggish growth with Russia being the major market. North & Central America shows moderate growth in Well Intervention industry.

Logging & Bottomhole Survey and Tubing/Packer Failure Repair Service is expected to dominate the Well Intervention Market with Stimulation Services showing the highest growth rate. Boost in the Africa and Asia Pacific Market with North America to dominate in future. Offshore region will be the emerging market while Onshore will cater to most of the demand of Well Intervention Services Market.