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Well Testing Services Market By Service Type, By Well type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 283 Pages
  • August 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671202
The global well testing services market size was valued at $6.3 billion in 2021, and projected to reach $11.1 billion by 2031, with a CAGR of 5.9% from 2022 to 2031.

Oil & gas sector plays vital role in the development of the world economy, as most of the manufacturing companies are dependent on the fossil fuel products. Furthermore, most of the transportation sector depends on petroleum as a power source. The presence of this demand has led to increase in the production of oil, hence in order to increase the efficiency the major oil & gas companies have invested in the digitization of oil & gas industry to monitor the oil wells in order to avoid future problems.

Decrease in fossil fuel resource on mainland and increase in demand for petroleum products have led to increase in the exploration of oil & gas resources in the unconventional and well hidden places. Furthermore, increase in offshore exploration and the presence of shale gas resources have driven the demand for well testing services in these areas. Offshore exploration and production of oil & gas resource have high demand for well testing services, as they can be prone to problems easily. However, the increase in stringent regulations of the government over the oil & gas companies over the environment related issues and increase in the research and innovation of alternative ecofriendly products will hamper the development of the market.

North America accounted for the largest revenue share in the global well testing services market. The presence of vast oil reserves, coupled with rise in investments in the exploration and production of fossil fuels by the oilfield operators have led to increase in the demand for well testing services market. U.S. was the largest producer of oil & gas, as of 2019 it has over 900,000 active oil & gas wells which is increasing gradually. The presence of oil & gas resources discovery in the North America region will have a positive impact on the market. Furthermore, it is anticipated that Asia-Pacific will see the most significant CAGR during the forecast period. The increased investments in the oil & gas industry in this region especially developing countries such as India, China and Indonesia, will increase the number of testing services.

The global well testing services market is segmented on the basis of service type, well type, application and region. On the basis of service type, it is segmented into Downhole well testing, surface well testing, reservoir sampling, real time well testing, and hydraulic fracturing method testing. On the basis of well type, the market is segmented into horizontal wells and vertical wells. In addition, on the basis of application, the global well testing services market is segmented into onshore and offshore. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific and Europe.

The major companies profiled in this report include Weatherford, Baker Hughes Company, Schlumberger, Halliburton, China Oilfield Services Limited, Oil States International Inc., Tetra Technologies Inc., SGS SA, Edge Drilling, Oilserv, National Energy Services Reunited, Wellmax, TechnipFMC, EXALO Drilling SA, and Greene's Energy Group. Rapid development of industrialization and urbanization have led to depletion of natural resources, which led to the exploration of oil & gas resources, increase in investment of the market players to develop more efficient technology for detection have a positive impact on the market. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the detection technologies, have led to attain key developments in the global well testing services market trends.

Impact of Covid-19 on Global Well Testing Services Market

The outbreak of has led to the decline in the production of billions of barrels of oil, trillions of cubic meters of gas, and millions of tonnes of coal from global energy systems in 2020. The decline in the demand for oil & gas products across the globe due to the shutdown of manufacturing industries has negative impact on the well testing service market growth. In addition, the shutdown of fossil fuel power generation facilities across the globe due to decline in the demand for power from chemical and other manufacturing industries have led to decline in the oil & gas resources.

Post pandemic, government has invested in the oil & gas sectors to boost the development of economy which was affected due to outbreak of pandemic. The emerging economies such as India and China have invested in exploration activities to reduce the imports of fossil fuels in order to make the country energy demand sustainable.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the well testing services market analysis from 2021 to 2031 to identify the prevailing well testing services market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the well testing services market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global well testing services market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Service Type

  • Downhole Well Testing
  • Surface Well Testing
  • Reservoir Sampling
  • Real Time Well Testing
  • Hydraulic Fracturing Method Testing

By Well type

  • Horizontal wells
  • Vertical wells

By Application

  • Onshore
  • Offshore

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Schlumberger Limited
  • Halliburton
  • EXPRO Group
  • Weatherford
  • Minerals Technologies Inc.
  • TechnipFMC Plc
  • Baker Hughes
  • SGS SA
  • Oil States International, Inc.
  • TETRA Technologies, Inc.
  • MB Petroleum Services
  • Helix Energy
  • National Energy Services Reunited

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Value Chain Analysis
3.8.Key Regulation Analysis
CHAPTER 4: WELL TESTING SERVICES MARKET, BY SERVICE TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Downhole Well Testing
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Surface Well Testing
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Reservoir Sampling
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Real Time Well Testing
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Hydraulic Fracturing Method Testing
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: WELL TESTING SERVICES MARKET, BY WELL TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Horizontal wells
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Vertical wells
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: WELL TESTING SERVICES MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Onshore
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Offshore
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: WELL TESTING SERVICES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Service Type
7.2.3 North America Market size and forecast, by Well type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Service Type
7.2.5.1.2 Market size and forecast, by Well type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Service Type
7.2.5.2.2 Market size and forecast, by Well type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Service Type
7.2.5.3.2 Market size and forecast, by Well type
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Service Type
7.3.3 Europe Market size and forecast, by Well type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Service Type
7.3.5.1.2 Market size and forecast, by Well type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Service Type
7.3.5.2.2 Market size and forecast, by Well type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Service Type
7.3.5.3.2 Market size and forecast, by Well type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Service Type
7.3.5.4.2 Market size and forecast, by Well type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Service Type
7.3.5.5.2 Market size and forecast, by Well type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Service Type
7.3.5.6.2 Market size and forecast, by Well type
7.3.5.6.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Service Type
7.4.3 Asia-Pacific Market size and forecast, by Well type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Service Type
7.4.5.1.2 Market size and forecast, by Well type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Service Type
7.4.5.2.2 Market size and forecast, by Well type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Service Type
7.4.5.3.2 Market size and forecast, by Well type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Service Type
7.4.5.4.2 Market size and forecast, by Well type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Service Type
7.4.5.5.2 Market size and forecast, by Well type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Service Type
7.4.5.6.2 Market size and forecast, by Well type
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Service Type
7.5.3 LAMEA Market size and forecast, by Well type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Service Type
7.5.5.1.2 Market size and forecast, by Well type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Service Type
7.5.5.2.2 Market size and forecast, by Well type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Service Type
7.5.5.3.2 Market size and forecast, by Well type
7.5.5.3.3 Market size and forecast, by Application
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Service Type
7.5.5.4.2 Market size and forecast, by Well type
7.5.5.4.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Schlumberger Limited
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Halliburton
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 EXPRO Group
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Weatherford
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Minerals Technologies Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 TechnipFMC Plc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Baker Hughes
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 SGS SA
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Oil States International, Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 TETRA Technologies, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 MB Petroleum Services
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Helix Energy
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 National Energy Services Reunited
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
List of Tables
Table 1. Global Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 2. Sports Watches Market Size, for Mechanical Sports Watch, by Region, 2021-2031 ($Million)
Table 3. Sports Watches Market for Mechanical Sports Watch by Country, 2021-2031 ($Million)
Table 4. Sports Watches Market Size, for Digital Sports Watch, by Region, 2021-2031 ($Million)
Table 5. Sports Watches Market for Digital Sports Watch by Country, 2021-2031 ($Million)
Table 6. Global Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 7. Sports Watches Market Size, for Men, by Region, 2021-2031 ($Million)
Table 8. Sports Watches Market for Men by Country, 2021-2031 ($Million)
Table 9. Sports Watches Market Size, for Women, by Region, 2021-2031 ($Million)
Table 10. Sports Watches Market for Women by Country, 2021-2031 ($Million)
Table 11. Global Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 12. Sports Watches Market Size, for Luxury, by Region, 2021-2031 ($Million)
Table 13. Sports Watches Market for Luxury by Country, 2021-2031 ($Million)
Table 14. Sports Watches Market Size, for Economic, by Region, 2021-2031 ($Million)
Table 15. Sports Watches Market for Economic by Country, 2021-2031 ($Million)
Table 16. Global Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 17. Sports Watches Market Size, for Specialty Stores, by Region, 2021-2031 ($Million)
Table 18. Sports Watches Market for Specialty Stores by Country, 2021-2031 ($Million)
Table 19. Sports Watches Market Size, for Brand Outlets, by Region, 2021-2031 ($Million)
Table 20. Sports Watches Market for Brand Outlets by Country, 2021-2031 ($Million)
Table 21. Sports Watches Market Size, for E-Commerce, by Region, 2021-2031 ($Million)
Table 22. Sports Watches Market for E-Commerce by Country, 2021-2031 ($Million)
Table 23. Sports Watches Market Size, for Others, by Region, 2021-2031 ($Million)
Table 24. Sports Watches Market for Others by Country, 2021-2031 ($Million)
Table 25. Sports Watches Market, by Region, 2021-2031 ($Million)
Table 26. North America Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 27. North America Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 28. North America Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 29. North America Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 30. North America Sports Watches Market, by Country, 2021-2031 ($Million)
Table 31. U.S. Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 32. U.S. Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 33. U.S. Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 34. U.S. Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 35. Canada Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 36. Canada Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 37. Canada Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 38. Canada Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 39. Mexico Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 40. Mexico Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 41. Mexico Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 42. Mexico Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 43. Europe Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 44. Europe Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 45. Europe Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 46. Europe Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 47. Europe Sports Watches Market, by Country, 2021-2031 ($Million)
Table 48. U.K. Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 49. U.K. Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 50. U.K. Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 51. U.K. Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 52. Germany Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 53. Germany Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 54. Germany Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 55. Germany Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 56. France Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 57. France Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 58. France Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 59. France Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 60. Italy Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 61. Italy Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 62. Italy Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 63. Italy Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 64. Spain Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 65. Spain Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 66. Spain Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 67. Spain Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 68. Russia Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 69. Russia Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 70. Russia Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 71. Russia Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 72. Rest of Europe Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 73. Rest of Europe Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 74. Rest of Europe Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 75. Rest of Europe Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 76. Asia-Pacific Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 77. Asia-Pacific Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 78. Asia-Pacific Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 79. Asia-Pacific Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 80. Asia-Pacific Sports Watches Market, by Country, 2021-2031 ($Million)
Table 81. China Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 82. China Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 83. China Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 84. China Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 85. Japan Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 86. Japan Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 87. Japan Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 88. Japan Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 89. India Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 90. India Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 91. India Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 92. India Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 93. Australia Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 94. Australia Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 95. Australia Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 96. Australia Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 97. South Korea Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 98. South Korea Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 99. South Korea Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 100. South Korea Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 101. Rest of Asia-Pacific Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 102. Rest of Asia-Pacific Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 103. Rest of Asia-Pacific Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 104. Rest of Asia-Pacific Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 105. LAMEA Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 106. LAMEA Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 107. LAMEA Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 108. LAMEA Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 109. LAMEA Sports Watches Market, by Country, 2021-2031 ($Million)
Table 110. Latin America Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 111. Latin America Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 112. Latin America Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 113. Latin America Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 114. Middle East Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 115. Middle East Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 116. Middle East Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 117. Middle East Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 118. Africa Sports Watches Market, by Product Type, 2021-2031 ($Million)
Table 119. Africa Sports Watches Market, by End-user, 2021-2031 ($Million)
Table 120. Africa Sports Watches Market, by Price Point, 2021-2031 ($Million)
Table 121. Africa Sports Watches Market, by Distribution Channel, 2021-2031 ($Million)
Table 122. Garmin: Company Snapshot
Table 123. Garmin: Operating Segments
Table 124. Garmin: Product Portfolio
Table 125. Garmin: Net Sales
Table 126. Garmin: Key Stratergies
Table 127. Apple Inc.: Company Snapshot
Table 128. Apple Inc.: Operating Segments
Table 129. Apple Inc.: Product Portfolio
Table 130. Apple Inc.: Net Sales
Table 131. Apple Inc.: Key Stratergies
Table 132. Coros Wearables, Inc.: Company Snapshot
Table 133. Coros Wearables, Inc.: Operating Segments
Table 134. Coros Wearables, Inc.: Product Portfolio
Table 135. Coros Wearables, Inc.: Net Sales
Table 136. Coros Wearables, Inc.: Key Stratergies
Table 137. Polar Electro: Company Snapshot
Table 138. Polar Electro: Operating Segments
Table 139. Polar Electro: Product Portfolio
Table 140. Polar Electro: Net Sales
Table 141. Polar Electro: Key Stratergies
Table 142. Suunto: Company Snapshot
Table 143. Suunto: Operating Segments
Table 144. Suunto: Product Portfolio
Table 145. Suunto: Net Sales
Table 146. Suunto: Key Stratergies
Table 147. Samsung: Company Snapshot
Table 148. Samsung: Operating Segments
Table 149. Samsung: Product Portfolio
Table 150. Samsung: Net Sales
Table 151. Samsung: Key Stratergies
Table 152. Fitbit: Company Snapshot
Table 153. Fitbit: Operating Segments
Table 154. Fitbit: Product Portfolio
Table 155. Fitbit: Net Sales
Table 156. Fitbit: Key Stratergies
Table 157. Rolex: Company Snapshot
Table 158. Rolex: Operating Segments
Table 159. Rolex: Product Portfolio
Table 160. Rolex: Net Sales
Table 161. Rolex: Key Stratergies
Table 162. Fossil: Company Snapshot
Table 163. Fossil: Operating Segments
Table 164. Fossil: Product Portfolio
Table 165. Fossil: Net Sales
Table 166. Fossil: Key Stratergies
Table 167. Huawei: Company Snapshot
Table 168. Huawei: Operating Segments
Table 169. Huawei: Product Portfolio
Table 170. Huawei: Net Sales
Table 171. Huawei: Key Stratergies
List of Figures
Figure 1. Well Testing Services Market Segmentation
Figure 2. Well Testing Services Market,2021-2031
Figure 3. Well Testing Services Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Well Testing Services Market:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Well Testing Services Market,By Service Type,2021(%)
Figure 15. Comparative Share Analysis of Downhole Well Testing Well Testing Services Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Surface Well Testing Well Testing Services Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Reservoir Sampling Well Testing Services Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Real Time Well Testing Well Testing Services Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Hydraulic Fracturing Method Testing Well Testing Services Market,2021-2031(%)
Figure 20. Well Testing Services Market,By Well Type,2021(%)
Figure 21. Comparative Share Analysis of Horizontal Wells Well Testing Services Market,2021-2031(%)
Figure 22. Comparative Share Analysis of Vertical Wells Well Testing Services Market,2021-2031(%)
Figure 23. Well Testing Services Market,By Application,2021(%)
Figure 24. Comparative Share Analysis of Onshore Well Testing Services Market,2021-2031(%)
Figure 25. Comparative Share Analysis of Offshore Well Testing Services Market,2021-2031(%)
Figure 26. Well Testing Services Market by Region,2021
Figure 27. U.S. Well Testing Services Market,2021-2031($Million)
Figure 28. Canada Well Testing Services Market,2021-2031($Million)
Figure 29. Mexico Well Testing Services Market,2021-2031($Million)
Figure 30. Germany Well Testing Services Market,2021-2031($Million)
Figure 31. Uk Well Testing Services Market,2021-2031($Million)
Figure 32. France Well Testing Services Market,2021-2031($Million)
Figure 33. Italy Well Testing Services Market,2021-2031($Million)
Figure 34. Spain Well Testing Services Market,2021-2031($Million)
Figure 35. Rest of Europe Well Testing Services Market,2021-2031($Million)
Figure 36. China Well Testing Services Market,2021-2031($Million)
Figure 37. Japan Well Testing Services Market,2021-2031($Million)
Figure 38. India Well Testing Services Market,2021-2031($Million)
Figure 39. South Korea Well Testing Services Market,2021-2031($Million)
Figure 40. Australia Well Testing Services Market,2021-2031($Million)
Figure 41. Rest of Asia-Pacific Well Testing Services Market,2021-2031($Million)
Figure 42. Brazil Well Testing Services Market,2021-2031($Million)
Figure 43. Saudi Arabia Well Testing Services Market,2021-2031($Million)
Figure 44. South Africa Well Testing Services Market,2021-2031($Million)
Figure 45. Rest of LAMEA Well Testing Services Market,2021-2031($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Schlumberger Limited.: Net Sales ,($Million)
Figure 53. Halliburton.: Net Sales ,($Million)
Figure 54. Expro Group.: Net Sales ,($Million)
Figure 55. Weatherford.: Net Sales ,($Million)
Figure 56. Minerals Technologies Inc..: Net Sales ,($Million)
Figure 57. Technipfmc PLC.: Net Sales ,($Million)
Figure 58. Baker Hughes.: Net Sales ,($Million)
Figure 59. Sgs SA.: Net Sales ,($Million)
Figure 60. Oil States International, Inc..: Net Sales ,($Million)
Figure 61. Tetra Technologies, Inc..: Net Sales ,($Million)
Figure 62. Mb Petroleum Services.: Net Sales ,($Million)
Figure 63. Helix Energy.: Net Sales ,($Million)
Figure 64. National Energy Services Reunited.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Well Testing Services Market," the well testing services market size was valued at $6.3 billion in 2021, and well testing services industry is estimated to reach $11.1 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

Well testing services is a process involved in data acquisition to increase the understanding of reservoir conditions and the fluid properties. The increase in energy demand, there has been surge in exploration and production of oil & gas activities. The need for new oil wells to be economically viable and profitable for the oil & gas companies to explore and produce, hence there is a huge demand for the well testing services which can help in exploration and development of oil wells.

Growing population and industrial development are fueling the global demand for energy. The global fuel consumption is gradually rising with rapid industrialization in developing countries across the world. According to BP statistical review of 2019, oil consumption surged by 1.4 million barrels per day, while natural gas consumption increased by 195 billion cubic meters per day. The rise in the demand for fossil fuel has led to surge in production of fuel from the top oil production companies. Increase in demand has led to the increase in the exploration of oil wells which are remote and deeper offshore areas. The above mentioned factors resulted in the demand for well testing is high in deep water exploration and production activities.

The price of crude oil is affected by various factors which could possibly disrupt the supply of oil and gas. The presence of geopolitical tensions is some of the key factors that hamper the demand for oil & gas. The above mentioned factors could lead to higher volatility in prices of oil and gas. Most of the oil & gas resources come from North Africa and Middle East region which is highly unstable region due to political and cultural issues. The outbreak of pandemic also has great impact over the prices of the crude oil due to shutdown of various industries and regional lockdown which have great impact on the transportation sector. The above mentioned reasons are major factors which will hamper the development of the well testing services market growth.

The global well testing services market forecast is segmented on the basis of service type, well type, application and region.

On the basis of service type, it is segmented into downhole well testing, surface well testing, reservoir sampling, real time well testing, and hydraulic fracturing method testing. On the basis of well type, the market is segmented into horizontal wells and vertical wells. In addition, on the basis of application, the global well testing services market is segmented into onshore and offshore.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest well testing services market share of the market, followed by Asia-Pacific and Europe.

The major companies profiled in this report include Weatherford, Baker Hughes Company, Schlumberger, Halliburton, China Oilfield Services Limited, Oil States International Inc., Tetra Technologies Inc., SGS SA, Edge Drilling, Oilserv, National Energy Services Reunited, Wellmax, TechnipFMC, EXALO Drilling SA, and Greene's Energy Group. Rapid development of industrialization and urbanization have led to depletion of natural resources which led to the exploration of oil & gas resources, increase in the investment of the market players to develop more efficient technology for detection have positive impact on the well testing services market opportunities. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the detection and drilling technologies to improve the efficiency of the production of fossil fuels in oil & gas industry have led to attain key developments in the global well testing services market trends.

Key Findings of the Study

  • North America would exhibit CAGR of 5.5% during 2022-2031.
  • As per global well testing services market analysis, by service type, the real time well testing segment accounted for the largest share in 2021.
  • By well type, horizontal well was the leading segment in 2021.
  • By application, onshore segment has largest market share in 2021.
  • Impact of Covid-19 on Global Well Testing Services Market
  • The outbreak of has led to the decline in the production of billions of barrels of oil, trillions of cubic meters of gas, and millions of tonnes of coal from global energy systems in 2020. The decline in the demand for oil & gas products across the globe due to the shutdown of manufacturing industries has negative impact on the well testing service market growth. In addition, the shutdown of fossil fuel power generation facilities across the globe due to decline in the demand for power from chemical and other manufacturing industries have led to decline in the oil & gas resources.
  • Post pandemic, government has invested in the oil & gas sectors to boost the development of economy which was affected due to outbreak of pandemic. The emerging economies such as India and China have invested in exploration activities to reduce the imports of fossil fuels in order to make the country energy demand sustainable.

Companies Mentioned

  • Schlumberger Limited
  • Halliburton
  • Expro Group
  • Weatherford
  • Minerals Technologies Inc.
  • Technipfmc plc
  • Baker Hughes
  • Sgs Sa
  • Oil States International, Inc.
  • Tetra Technologies, Inc.
  • Mb Petroleum Services
  • Helix Energy
  • National Energy Services Reunited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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