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Global Well Testing Services Market 2024-2028

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Á¾·á³â 2028
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YOY 2024 6.09%
CAGR 6.69%
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  • Baker Hughes Co.
  • Expro Group Holdings NV
  • Gulf Energy SAOC
  • Halliburton Co.
  • MB Petroleum Services LLC
  • Minerals Technologies Inc.
  • National Energy Services Reunited Corp.
  • Oil States International Inc.
  • OiLSERV
  • Schlumberger Ltd.
  • SGS SA
  • TechnipFMC plc
  • TETRA Technologies Inc.
  • Weatherford International Plc
  • WellMax Oilfield Technologies Pvt. Ltd.

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LSH 24.03.22

The well testing services market is forecasted to grow by USD 2.69 bn during 2023-2028, accelerating at a CAGR of 6.69% during the forecast period. The report on the well testing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in deepwater and ultra-deepwater E and P projects, increase in demand for oil and gas globally, and presence of government regulations related to well performance monitoring.

Technavio's well testing services market is segmented as below:

Market Scope
Base Year2024
End Year2028
Series Year2024-2028
Growth MomentumAccelerate
YOY 20246.09%
CAGR6.69%
Incremental Value$2.69bn

By Application

  • Onshore
  • Offshore

By Type

  • Horizontal wells
  • Vertical wells

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • Middle East and Africa
  • South America

This study identifies the growing adoption of IoT by oil and gas industry as one of the prime reasons driving the well testing services market growth during the next few years. Also, rise in unconventional oil and gas resources and growing consolidation in oil and gas industry will lead to sizable demand in the market.

The report on the well testing services market covers the following areas:

  • Well testing services market sizing
  • Well testing services market forecast
  • Well testing services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading well testing services market vendors that include Baker Hughes Co., China Oilfield Services Ltd., EXALO Drilling SA, Expro Group Holdings NV, Gulf Energy SAOC, Halliburton Co., MB Petroleum Services LLC, Minerals Technologies Inc., National Energy Services Reunited Corp., Oil States International Inc., OiLSERV, Rays Well Testing Service Inc, Schlumberger Ltd., SGS SA, Stuart Wells Ltd., TechnipFMC plc, TETRA Technologies Inc., Weatherford International Plc, Well Services Group, and WellMax Oilfield Technologies Pvt. Ltd.. Also, the well testing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition
  • 3.2 Market segment analysis
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

  • 4.1 Global well testing services market 2018 - 2022
  • 4.2 Application Segment Analysis 2018 - 2022
  • 4.3 Type Segment Analysis 2018 - 2022
  • 4.4 Geography Segment Analysis 2018 - 2022
  • 4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

  • 5.1 Five forces summary
  • 5.2 Bargaining power of buyers
  • 5.3 Bargaining power of suppliers
  • 5.4 Threat of new entrants
  • 5.5 Threat of substitutes
  • 5.6 Threat of rivalry
  • 5.7 Market condition

6 Market Segmentation by Application

  • 6.1 Market segments
  • 6.2 Comparison by Application
  • 6.3 Onshore - Market size and forecast 2023-2028
  • 6.4 Offshore - Market size and forecast 2023-2028
  • 6.5 Market opportunity by Application

7 Market Segmentation by Type

  • 7.1 Market segments
  • 7.2 Comparison by Type
  • 7.3 Horizontal wells - Market size and forecast 2023-2028
  • 7.4 Vertical wells - Market size and forecast 2023-2028
  • 7.5 Market opportunity by Type

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation
  • 9.2 Geographic comparison
  • 9.3 North America - Market size and forecast 2023-2028
  • 9.4 APAC - Market size and forecast 2023-2028
  • 9.5 Europe - Market size and forecast 2023-2028
  • 9.6 Middle East and Africa - Market size and forecast 2023-2028
  • 9.7 South America - Market size and forecast 2023-2028
  • 9.8 US - Market size and forecast 2023-2028
  • 9.9 China - Market size and forecast 2023-2028
  • 9.10 Russia - Market size and forecast 2023-2028
  • 9.11 Canada - Market size and forecast 2023-2028
  • 9.12 UK - Market size and forecast 2023-2028
  • 9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
  • 11.3 Landscape disruption
  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered
  • 12.2 Market positioning of vendors
  • 12.3 Baker Hughes Co.
  • 12.4 Expro Group Holdings NV
  • 12.5 Gulf Energy SAOC
  • 12.6 Halliburton Co.
  • 12.7 MB Petroleum Services LLC
  • 12.8 Minerals Technologies Inc.
  • 12.9 National Energy Services Reunited Corp.
  • 12.10 Oil States International Inc.
  • 12.11 OiLSERV
  • 12.12 Schlumberger Ltd.
  • 12.13 SGS SA
  • 12.14 TechnipFMC plc
  • 12.15 TETRA Technologies Inc.
  • 12.16 Weatherford International Plc
  • 12.17 WellMax Oilfield Technologies Pvt. Ltd.

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
  • 13.3 Currency conversion rates for US$
  • 13.4 Research methodology
  • 13.5 List of abbreviations
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