Description
Global Hydraulic Workover Unit Market Research Report- Forecast till 2026
Market Dynamics
The global market for hydraulic workover units is anticipated to reach USD 12.29 Billion by end of 2026. A Hydraulic workover unit is a method of good intervention which is used to set up or remove tubular pipes in and out of wells that have zero surface pressure and a heavy fluid or mud in the wellbore or is not able to sustain natural flow. It is a cost-efficient and safe apparatus to perform sand cleanouts, change-out culminations, and fix packaging spills in wells.
The global hydraulic workover unit market research report is expected to register substantial market growth at a CAGR of 3.84%. during the review period. The global market growth is attributed to the technological advancements in oil & gas well production and the rising offshore production after the decline in oil prices. The innovations of technology in oil & gas exploration methods, such as seismographic and gravity surveys, have propelled the growth of drilling activities in the past few years. Additionally, the demand for hydraulic workover units in the offshore oil & gas industry is anticipated to grow steadily during the review period. Moreover, the increasing electricity demand, the focus on offshore exploration, and the production (E&P) of oil & gas are factors that fuel the use of hydraulic workover units for carrying out the repairs of offshore wells.
Market Segmentation
Global Hydraulic Workover Unit Market has been classified into Capacity, Service, Installation, Application, and Region. Based on capacity, the global market has been classified into up to 50 tonnes, 50 to 150 tonnes, and above 150 tonnes.
In terms of service segment, the global market has been bifurcated into workover and snubbing. Based on installation type, the global market has been divided into skid mount and trail mount. The application segment divides the global market into onshore and offshore.
Regional Analysis
Geographically, the hydraulic workover unit market has been classified into five major regions North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America contributes the largest market share of the hydraulic workover unit market owing to the per capita energy consumption, exploration and production of oil & gas, and advancements in upstream operations. Also, the rise in the extraction and production of oil and gas boosts the requirement for hydraulic workover units for performing routine well maintenance for land, inland waters, and offshore installations.
Major Players
The Key Players operating in the Global Hydraulic Workover Unit Market are Halliburton (US), National Oilwell Varco (US), Archer (Norway), Cudd Energy Services (US), Precision Drilling Corporation (Canada), High Arctic Energy Services Inc. (Canada), Basic Energy Services (US), Superior Energy Services (US), Velesto Energy (Malaysia), Canadian Energy Equipment Manufacturing FZE (UAE), PT Elnusa Tbk (Indonesia), Uzma Berhad (Malaysia), and ZYT Petroleum Equipment Co., Ltd (China).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY CAPACITY
1.1.2 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY INSTALLATION
1.1.3 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY SERVICE
1.1.4 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY APPLICATION
1.1.5 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
2.5 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION
5.2 DRIVERS
5.2.1 TECHNOLOGICAL ADVANCEMENTS IN OIL & GAS WELL PRODUCTION
5.2.2 INCREASING OFFSHORE PRODUCTION AFTER THE DECLINE IN OIL PRICES
5.3 RESTRAINT
5.3.1 INCREASING FOCUS ON RENEWABLE ENERGY
5.4 OPPORTUNITY
5.4.1 INCREASED FOCUS ON UNCONVENTIONAL OIL & GAS FIELDS WITH THE IMPLEMENTATION OF DIGITAL TECHNOLOGIES
5.5 IMPACT ANALYSIS OF COVID-19
5.5.1 IMPACT ON OVERALL OIL & GAS INDUSTRY
5.5.1.1 ECONOMIC IMPACT
5.5.2 IMPACT ON THE HYDRAULIC WORKOVER UNIT MARKET
5.5.3 IMPACT ON SUPPLY CHAIN OF HYDRAULIC WORKOVER UNIT
5.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
5.5.3.2 PRODUCTION SHUTDOWN
5.5.3.3 CASH FLOW CONSTRAINTS
5.5.3.4 IMPACT ON IMPORT/EXPORT
5.5.4 IMPACT ON THE MARKET DEMAND FOR HYDRAULIC WORKOVER UNIT
5.5.4.1 IMPACT DUE TO LOCKDOWN
5.5.4.2 CONSUMER SENTIMENTS
5.5.5 IMPACT ON PRICING OF HYDRAULIC WORKOVER UNIT
6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS
6.1.1 RAW MATERIAL & COMPONENT SUPPLY
6.1.2 MANUFACTURE & ASSEMBLY
6.1.3 APPLICATIONS
6.2 PORTER’S FIVE FORCES MODEL
6.2.1 THREAT OF NEW ENTRANTS
6.2.2 BARGAINING POWER OF SUPPLIERS
6.2.3 BARGAINING POWER OF BUYERS
6.2.4 THREAT OF SUBSTITUTES
6.2.5 RIVALRY
7 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY CAPACITY
7.1 OVERVIEW
7.2 UP TO 50 TONNES
7.3 50 TO 150 TONNES
7.4 ABOVE 150 TONNES
8 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY INSTALLATION
8.1 OVERVIEW
8.2 TRAIL MOUNT
8.3 SKID MOUNT
9 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY SERVICE
9.1 OVERVIEW
9.2 WORKOVER
9.3 SNUBBING
10 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY APPLICATION
10.1 OVERVIEW
10.2 ONSHORE
10.3 OFFSHORE
11 GLOBAL HYDRAULIC WORKOVER UNIT MARKET, BY REGION
11.1 OVERVIEW
11.2 NORTH AMERICA
11.2.1 US
11.2.2 CANADA
11.2.3 MEXICO
11.3 EUROPE
11.3.1 GERMANY
11.3.2 UK
11.3.3 ITALY
11.3.4 RUSSIA
11.3.5 NORWAY
11.3.6 REST OF EUROPE
11.4 ASIA-PACIFIC
11.4.1 CHINA
11.4.2 INDIA
11.4.3 MALAYSIA
11.4.4 AUSTRALIA
11.4.5 INDONESIA
11.4.6 THAILAND
11.4.7 VIETNAM
11.4.8 REST OF ASIA-PACIFIC
11.5 MIDDLE EAST & AFRICA
11.5.1 SAUDI ARABIA
11.5.2 UAE
11.5.3 IRAQ
11.5.4 NIGERIA
11.5.5 ALGERIA
11.5.6 QATAR
11.5.7 OMAN
11.5.8 REST OF MIDDLE EAST & AFRICA
11.6 SOUTH AMERICA
11.6.1 BRAZIL
11.6.2 ARGENTINA
11.6.3 REST OF SOUTH AMERICA
12 COMPETITIVE LANDSCAPE
12.1 COMPETITIVE OVERVIEW
12.2 COMPETITOR DASHBOARD
12.3 MARKET SHARE ANALYSIS
12.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
12.4.1 PARTNERSHIPS
13 COMPANY PROFILES
13.1 HALLIBURTON
13.1.1 COMPANY OVERVIEW
13.1.2 FINANCIAL OVERVIEW
13.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.4 KEY DEVELOPMENTS
13.1.5 SWOT ANALYSIS
13.1.6 KEY STRATEGIES
13.2 NATIONAL OILWELL VARCO
13.2.1 COMPANY OVERVIEW
13.2.2 FINANCIAL OVERVIEW
13.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.2.4 KEY DEVELOPMENTS
13.2.5 SWOT ANALYSIS
13.2.6 KEY STRATEGIES
13.3 ARCHER
13.3.1 COMPANY OVERVIEW
13.3.2 FINANCIAL OVERVIEW
13.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.3.4 KEY DEVELOPMENTS
13.3.5 SWOT ANALYSIS
13.3.6 KEY STRATEGIES
13.4 CUDD ENERGY SERVICES
13.4.1 COMPANY OVERVIEW
13.4.2 FINANCIAL OVERVIEW
13.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.4.4 KEY DEVELOPMENTS
13.5 PRECISION DRILLING CORPORATION
13.5.1 COMPANY OVERVIEW
13.5.2 FINANCIAL OVERVIEW
13.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.5.4 KEY DEVELOPMENTS
13.6 HIGH ARCTIC ENERGY SERVICES INC.
13.6.1 COMPANY OVERVIEW
13.6.2 FINANCIAL OVERVIEW
13.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.6.4 KEY DEVELOPMENTS
13.7 BASIC ENERGY SERVICES
13.7.1 COMPANY OVERVIEW
13.7.2 FINANCIAL OVERVIEW
13.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.7.4 KEY DEVELOPMENTS
13.8 SUPERIOR ENERGY SERVICES, INC.
13.8.1 COMPANY OVERVIEW
13.8.2 FINANCIAL OVERVIEW
13.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.8.4 KEY DEVELOPMENTS
13.9 VELESTO ENERGY
13.9.1 COMPANY OVERVIEW
13.9.2 FINANCIAL OVERVIEW
13.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.9.4 KEY DEVELOPMENTS
13.9.5 SWOT ANALYSIS
13.9.6 KEY STRATEGIES
13.10 CANADIAN ENERGY EQUIPMENT MANUFACTURING FZE
13.10.1 COMPANY OVERVIEW
13.10.2 PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.10.3 KEY DEVELOPMENTS
13.11 PT ELNUSA TBK
13.11.1 COMPANY OVERVIEW
13.11.2 FINANCIAL OVERVIEW
13.11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.11.4 KEY DEVELOPMENTS
13.12 UZMA BERHAD
13.12.1 COMPANY OVERVIEW
13.12.2 FINANCIAL OVERVIEW
13.12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.12.4 KEY DEVELOPMENTS
13.13 ZYT PETROLEUM EQUIPMENT CO. LTD.
13.13.1 COMPANY OVERVIEW
13.13.2 PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.13.3 KEY DEVELOPMENTS
Reviews
There are no reviews yet.