Global Well Testing Market to be Driven by the Rising Exploration and Production Activities in the Forecast Period of 2020-2025

ENERGY AND POWER

The new report by Expert Market Research titled, ‘Global Well Testing Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global well testing market, assessing the market based on its segments like services, stages, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/well-testing-services-market/requestsample

The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 9.2 billion
• Forecast CAGR (2020-2025): 3%
• Forecast Market Size (2025): USD 11 billion

The rising demand for energy across the globe is driving the global well testing market. The growing exploration and production (E&P) expenditure and a rise in drilling projects are adding to the market growth. The favourable regulatory policies, coupled with the increasing oil and gas discoveries in various parts of the world, are expected to generate tremendous growth opportunities. The rising adoption of high precision measurement and reservoir condition measurement instruments while drilling is complimenting the market growth. Furthermore, rapid technological advancements in the oil and gas industry are anticipated to propel the market forward in the forecast period.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/well-testing-services-market

Industry Definition and Major Segments

Well testing refers to the acquisition of a set of planned data and analysis of such data to increase the knowledge about the reservoir and the rock formation. The ultimate goal of well testing is to understand and supervise the capacity of reservoirs to produce hydrocarbons like gas, oil, and condensates, among others.

Based on services, the market is categorised into:

• Down-Hole Testing
• Real-Time Well Testing
• Reservoir Sampling and Analysis
• Surface Well Testing

By stage, the market can be segmented into:

• Exploration, Appraisal, and Development
• Production

Based on application, the market is divided into:

• Onshore
• Offshore

The major regional markets for well testing are:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The well testing services are witnessing a high demand across the globe owing to their ability to provide consumers with the true reservoir capacity at full scale under dynamic conditions. The consumer expectation of getting more accurate and reliable surface well test measurements in all the stages of field development due to the availability of a wide range of devices for the exploration and appraisal phase is anticipated to create growth opportunities in the market. Favourable government initiatives in emerging countries are adding to the market growth. The leading players in the market are focusing on enhancing their product portfolios by investing heavily. Such developments are predicted to assist the growth of the global well testing market in the coming years.

Key Market Players

The major players in the market are Expro International Group, Halliburton Energy Services, Inc., Tetra Technologies Inc. (NYSE: TTI), Greene’s Energy Group, Weatherford International plc (OTCMKTS: WFTLF), Schlumberger Limited (NYSE: SLB), SGS SA (SWX: SGSN), and TechnipFMC plc (NYSE: FTI), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

LPG Market: https://www.expertmarketresearch.com/reports/lpg-market

Bunker Fuel Market: https://www.expertmarketresearch.com/reports/bunker-fuel-market

Petroleum Coke Market: https://www.expertmarketresearch.com/reports/petroleum-coke-market

Lithium Iron Phosphate Batteries Market: https://www.expertmarketresearch.com/reports/lithium-iron-phosphate-batteries-market

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Expert Market Research
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *