Published On : January 2018 Pages : 80 Category: Industrial Automation Report Code : ME01450
Industry Trend Analysis
The global Well Testing Services Market was worth USD 5.88 billion in 2017 and is expected to reach approximately USD 10.01 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.09% during the forecast period. Well testing can be characterized as the procedure of data procurement to accumulate the data and information to comprehend the store properties and the development. The main goal of well testing is to comprehend the supplies capacity to create hydrocarbons like gas, oil, condensates, etc. The procedure of well testing has various applications which can be gathered as permeability, formation pressure measurement and skin translation, reservoir characterization, and fluid characterization. The well testing is led at every single phase of the well that is development, production, and exploration.
Service Outlook and Trend Analysis
On the basis of service the market is segmented into Downhole Well Testing, Surface Well Testing, Real Time Well Testing and Reservoir Sampling. Presently, real time testing services rule the well testing services market. This is seen for the most part because of persistent and extensive augmentation in the United States production and exploration exercises. The downhole testing administrations involve the second biggest share of the overall industry because of cost viability of the services. In spite of the fact that the surface well testing administrations hold low share of the market, it is foreseen to develop at a significant rate in the following years.
Application Outlook and Trend Analysis
Based on application the market is segmented into onshore and offshore. Potential increment in recoverable assets and development of the old fields has brought about the expansion of the testing administrations pushing the market up to a few billions in the recent decade. The requirement of such services is high in the developing nations like China and Indonesia because of the expansion in the drilling exercises in the district. Well testing takes into account both onshore and offshore well facilities.
Regional Outlook and Trend Analysis
The North American area remains the biggest market for well testing services. The expansion in the E&P spending and expanding shale exercises in the United States has pushed the testing services in the area along these lines expanding the market. The expanding drilling exercises of up to 30 percent are normal in the locale of Gulf of Mexico along these lines giving a pound to the well testing market. The Middle East and Europe market is foreseen to be the major development territory because of expanding seaward exercises in the nations like China and Russia.
Competitive Insights
The leading players in the market are Tetra Technologies Inc, Schlumberger, FMC Technologies, MB Petroleum Services LLC, Expro, Helix Energy Solutions Group, Halliburton and Weatherford International. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Well Testing Services market is segmented as follows-
By Services:
By Application:
By Region
Some of the key questions answered by the report are:
Market Classification
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Production of Oil & Gas
3.2.1.2. Increasing Energy Demand
3.2.2. Restraints
3.2.2.1. Declining Prices of Natural Gas in North America
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Well Testing Services Market, By Service
4.1. Introduction
4.2. Well Testing Services Market Assessment and Forecast, By Service, 2017-2023
4.3. Downhole Well Testing
4.3.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.4. Surface Well Testing
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.5. Real Time Well Testing
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.6. Reservoir Sampling
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5. Well Testing Services Market, By Application
5.1. Introduction
5.2. The Well Testing Services Market Assessment and Forecast, By Application, 2017-2023
5.3. Onshore
5.3.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.4. Offshore
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
6. Well Testing Services Market, By Region
6.1. Introduction
6.2. Well Testing Services Market Assessment and Forecast, By Service, 2017-2023($Million)
6.3. Well Testing Services Market Assessment and Forecast, By Application , 2017-2023($Million)
6.4. North America
6.4.1. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.4.2. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.4.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.4. U.S.
6.4.4.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.4.4.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.5. Canada
6.4.5.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.6. Mexico
6.4.6.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5. Europe
6.5.1. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.5.2. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.4. Germany
6.5.4.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.4.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.5. France
6.5.5.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.6. UK
6.5.6.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.7. Italy
6.5.7.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.8. Spain
6.5.8.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.9. Rest of Europe
6.5.9.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6. Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.6.2. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.4. Japan
6.6.4.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.4.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.5. China
6.6.5.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.6. Australia
6.6.6.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.7. India
6.6.7.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.8. South Korea
6.6.8.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.9. Rest of Asia-Pacific
6.6.9.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7. Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.7.2. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.4. Brazil
6.7.4.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.4.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.5. Turkey
6.7.5.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.6. Saudi Arabia
6.7.6.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.7. South Africa
6.7.7.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.8. United Arab Emirates
6.7.8.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.9. Others
6.7.9.1. Market Assessment and Forecast, By Service, 2017-2023($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
7. Company Profiles
7.1. Expro International Group Ltd
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. Halliburton Company
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3. Schlumberger Limited
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4. Tetra Technologies Inc.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5. Weatherford International Ltd.
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.6. AGR Group ASA
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7. FMC Technologies Inc.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. Greene’s Energy Group
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9. Helix Energy Solutions Group Inc.
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.10. MB Petroleum Services LLC
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
List of Tables
Table: Global Well Testing Services Market, By Service, 2017-2023($Million)
Table: Downhole Well Testing Market, By Region, 2017-2023($Million)
Table: Surface Well Testing Market, By Region, 2017-2023($Million)
Table: Real Time Well Testing Market, By Region, 2017-2023($Million)
Table: Reservoir Sampling Market, By Region, 2017-2023($Million)
Table: Global Well Testing Services Market, By Application, 2017-2023($Million)
Table: Onshore Market, By Region, 2017-2023($Million)
Table: Offshore Market, By Region, 2017-2023($Million)
Table: North America Well Testing Services Market, By Country, 2017-2023($Million)
Table: North America Well Testing Services Market, By Service, 2017-2023($Million)
Table: North America Well Testing Services Market, By Application, 2017-2023($Million)
Table: U.S. Well Testing Services Market, By Service, 2017-2023($Million)
Table: U.S. Well Testing Services Market, By Application, 2017-2023($Million)
Table: Canada Well Testing Services Market, By Service, 2017-2023($Million)
Table: Canada Well Testing Services Market, By Application, 2017-2023($Million)
Table: Mexico Well Testing Services Market, By Service, 2017-2023($Million)
Table: Mexico Well Testing Services Market, By Application, 2017-2023($Million)
Table: Europe Well Testing Services Market, By Country, 2017-2023($Million)
Table: Europe Well Testing Services Market, By Service, 2017-2023($Million)
Table: Europe Well Testing Services Market, By Application, 2017-2023($Million)
Table: Germany Well Testing Services Market, By Service, 2017-2023($Million)
Table: Germany Well Testing Services Market, By Application, 2017-2023($Million)
Table: France Well Testing Services Market, By Service, 2017-2023($Million)
Table: France Well Testing Services Market, By Application, 2017-2023($Million)
Table: UK Well Testing Services Market, By Service, 2017-2023($Million)
Table: UK Well Testing Services Market, By Application, 2017-2023($Million)
Table: Italy Well Testing Services Market, By Service, 2017-2023($Million)
Table: Italy Well Testing Services Market, By Application, 2017-2023($Million)
Table: Spain Well Testing Services Market, By Service, 2017-2023($Million)
Table: Spain Well Testing Services Market, By Application, 2017-2023($Million)
Table: Rest of Europe Well Testing Services Market, By Service, 2017-2023($Million)
Table: Rest of Europe Well Testing Services Market, By Application, 2017-2023($Million)
Table: Asia-Pacific Well Testing Services Market, By Country, 2017-2023($Million)
Table: Asia-Pacific Well Testing Services Market, By Service, 2017-2023($Million)
Table: Asia-Pacific Well Testing Services Market, By Application, 2017-2023($Million)
Table: Japan Well Testing Services Market, By Service, 2017-2023($Million)
Table: Japan Well Testing Services Market, By Application, 2017-2023($Million)
Table: China Well Testing Services Market, By Service, 2017-2023($Million)
Table: China Well Testing Services Market, By Application, 2017-2023($Million)
Table: Australia Well Testing Services Market, By Service, 2017-2023($Million)
Table: Australia Well Testing Services Market, By Application, 2017-2023($Million)
Table: India Well Testing Services Market, By Service, 2017-2023($Million)
Table: India Well Testing Services Market, By Application, 2017-2023($Million)
Table: South Korea Well Testing Services Market, By Service, 2017-2023($Million)
Table: South Korea Well Testing Services Market, By Application, 2017-2023($Million)
Table: Rest of Asia-Pacific Well Testing Services Market, By Service, 2017-2023($Million)
Table: Rest of Asia-Pacific Well Testing Services Market, By Application, 2017-2023($Million)
Table: Rest of the World Well Testing Services Market, By Country, 2017-2023($Million)
Table: Rest of the World Well Testing Services Market, By Service, 2017-2023($Million)
Table: Rest of the World Well Testing Services Market, By Application, 2017-2023($Million)
Table: Brazil Well Testing Services Market, By Service, 2017-2023($Million)
Table: Brazil Well Testing Services Market, By Application, 2017-2023($Million)
Table: Turkey Well Testing Services Market, By Service, 2017-2023($Million)
Table: Turkey Well Testing Services Market, By Application, 2017-2023($Million)
Table: Saudi Arabia Well Testing Services Market, By Service, 2017-2023($Million)
Table: Saudi Arabia Well Testing Services Market, By Application, 2017-2023($Million)
Table: South Africa Well Testing Services Market, By Service, 2017-2023($Million)
Table: South Africa Well Testing Services Market, By Application, 2017-2023($Million)
Table: United Arab Emirates Well Testing Services Market, By Service, 2017-2023($Million)
Table: United Arab Emirates Well Testing Services Market, By Application, 2017-2023($Million)
Table: Others Well Testing Services Market, By Service, 2017-2023($Million)
Table: Others Well Testing Services Market, By Application, 2017-2023($Million)
Table: Expro International Group Ltd: Key Strategic Developments, 2017-2017
Table: Halliburton Company: Key Strategic Developments, 2017-2017
Table: Schlumberger Limited: Key Strategic Developments, 2017-2017
Table: Tetra Technologies Inc.: Key Strategic Developments, 2017-2017
Table: Weatherford International Ltd: Key Strategic Developments, 2017-2017
Table: AGR Group ASA: Key Strategic Developments, 2017-2017
Table: FMC Technologies Inc.: Key Strategic Developments, 2017-2017
Table: Greene’s Energy Group: Key Strategic Developments, 2017-2017
Table: Helix Energy Solutions Group Inc.: Key Strategic Developments, 2017-2017
Table: MB Petroleum Services LLC: Key Strategic Developments, 2017-2017
List of Figures
Figure: Global Well Testing Services Market Share, By Service, 2017 & 2023
Figure: Global Well Testing Services Market, By Application, 2017 & 2023 ($Million)
Figure: Global Well Testing Services Market, By Region, 2017 & 2023 ($Million)
Figure: Expro International Group Ltd: Net Revenues, 2017-2017 ($Million)
Figure: Expro International Group Ltd: Net Revenue Share, By Segment, 2017
Figure: Expro International Group Ltd: Net Revenue Share, By Geography, 2017
Figure: Halliburton Company: Net Revenues, 2017-2017 ($Million)
Figure: Halliburton Company: Net Revenue Share, By Segment, 2017
Figure: Halliburton Company: Net Revenue Share, By Geography, 2017
Figure: Schlumberger Limited: Net Revenues, 2017-2017 ($Million)
Figure: Schlumberger Limited: Net Revenue Share, By Segment, 2017
Figure: Schlumberger Limited: Net Revenue Share, By Geography, 2017
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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