Well Test Market Research Report - Global Forecast to 2027

Well Test Market Information Report by Well Type (Onshore and Offshore), by Services (Surface testing, Reservoir testing, Downhole Well Testing) and by Region - Global Forecast to 2027

ID: MRFR/E&P/1183-HCR | February 2021 | Region: Global | 100 pages

Well Test Market Scenario


Well Test Market is expected to register a CAGR of about 6% during the forecast period.


One of the primary factors that are driving the Well Test market is the increasing spending in the E&P industry. The well testing market growth was affected by the price crisis in the Oil & Gas industry. With the recent stabilization in the prices and the O&G industry the market has portrayed immense growth potential. Global increasing demand for energy has resulted in rapid increase in the offshore drilling activities to meet the increasing demand, which ultimately has provided significant boost to the well testing market. 


Regional Analysis of Well Test


Owing to the shale and drilling activities in the North America region, the market is the leading region for the Well Testing market. Increased exploration activities in this region specifically in Canada have boosted the demand for Well Testing. Increased Infrastructural and Manufacturing activities in the Asia-Pacific region have resulted in increasing demand in the Oil & Gas market translating into Well Test market achieving high growth in this region.


Key Players


Some of the key players in the Well Test market are AGR Group (Norway), FMC Technologies Inc. (U.S.), Schlumberger  (U.S.), Halliburton (U.S.), Tetra Technologies  (U.S.), Weatherford International (Ireland), Expro International Group Ltd (U.K.), Greene's Energy Group (U.S.), Helix Energy Solutions Group Inc. (U.S.)


Global Well Test Market, by Market Share, 2016–2022 (USD Million)


Global Well Test Market, by Market Share


Segments


The Well Testing market has been segmented on the basis of good type as Onshore and Offshore. On the basis of services the market has been segmented as Surface testing, Reservoir testing, Downhole Well Testing.


Study Objectives of Well Test Market



  • To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Global Well Test Market

  • To analyze and provide insights about factors affecting the market growth

  • To Analyze the Global Well Test Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to respect to regions and their respective key countries

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by Well type, by Services and by region

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Well Test Market.


Intended Audience



  • Well testing service companies

  • Well Testing service providers

  • Well Testing Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Well Type, Services
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   AGR Group ASA (Norway), FMC Technologies Inc. (U.S.), Schlumberger Ltd. (U.S.), Halliburton Company (U.S.), Tetra Technologies Inc. (U.S.), Weatherford International Ltd. (Ireland), Expro International Group Ltd (U.K.), Greene's Energy Group (U.S.), Helix Energy Solutions Group Inc. (U.S.)
  Key Market Opportunities   Recent stabilization in the prices and the O&G industry
  Key Market Drivers   increasing demand for energy


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Frequently Asked Questions (FAQ) :


The well test market can register 6% CAGR by 2022.

By 2022, the well test market can attain sizable valuation.

Halliburton Company (U.S.), Weatherford International Ltd. (Ireland), and Tetra Technologies Inc. (U.S.) are some well-known players of the well test market.

The high spending on developments in the energy and power industry can prompt the well test market expansion.

The North America well test market growth can be propelled due to the surge in need for shale gas production.