Global Well Testing Services Market Size study, by Stage (Exploration, Appraisal, & Development, Production), by Application (Onshore, Offshore), by Service (Real Time Well Testing, Downhole Well Testing, Reservoir Sampling, & Surface Well Testing) and by Regional Forecasts 2018-2025

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Global Well Testing Services Market valued approximately USD 6.86 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.09% over the forecast period 2017-2025. Due to rapidly increasing energy demand the exploration activities are increasing. New wells need to be drilled which contains enough oil and hydrocarbons. To gain profit, viability check is is necessary which is performed by the well testing process during the three phases of well exploration, development, and production. This testing need in oil & gas industry is anticipated increase well testing services demand over the near future. Increasing requisite for high precision in drilling (MWD) and reservoir condition measurement instruments are the major factors that are driving the growth of Global Well Testing Services Market. Volatile crude oil prices cause lower profits margins for the companies follow-on declining drilling activities. Which may hinder the market growth over the next few years. Well testing is a process of data acquisition to increasing the understanding of the reservoir characteristics and the fluid contents. It collects data determining whether the fluid produce enough hydrocarbons that gives a reasonable return on further investment. Well Testing is widely used in exploration and appraisal activities. It is used for confirmation, to get detailed fluid properties, measure accurate pressure, and production evaluation.

The regional analysis of Global Well Testing Services Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Europe region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

Global Well Testing Services MarketThe objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Stage:

  • Exploration, Appraisal, & Development
  • Production

By Application:

  • Onshore
  • Offshore

By Industry:

  • Real Time Well Testing
  • Downhole Well Testing
  • Reservoir Sampling
  • Surface Well Testing

By Regions:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016

Base year – 2017

Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Expro International Group Ltd, Halliburton Company, Schlumberger Limited, Tetra Technologies Inc., Weatherford International Ltd., AGR Group ASA, FMC Technologies Inc., Greene’s Energy Group, Helix Energy Solutions Group Inc., MB Petroleum Services LLC, Mineral Technologies Inc., Rockwater Energy Solutions, Inc., CETCO Well Testing, TestAlta, Stric-Lan Companies and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Well Testing Services Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors

Chapter 1.           Global Well Testing Services Market Definition and Scope

1.1.         Research Objective

1.2.         Market Definition

1.3.         Scope of The Study

1.4.         Years Considered for The Study

1.5.         Currency Conversion Rates

1.6.         Report Limitation

Chapter 2.           Research Methodology

2.1.         Research Process

2.1.1.     Data Mining

2.1.2.     Analysis

2.1.3.     Market Estimation

2.1.4.     Validation

2.1.5.     Publishing

2.2.         Research Assumption

Chapter 3.           Executive Summary

3.1.         Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)

3.2.         Key Trends

Chapter 4.           Global Well Testing Services Market Dynamics

4.1.         Growth Prospects

4.1.1.     Drivers

4.1.2.     Restraints

4.1.3.     Opportunities

4.2.         Industry Analysis

4.2.1.     Porter’s 5 Force Model

4.2.2.     PEST Analysis

4.2.3.     Value Chain Analysis

4.3.         Analyst Recommendation & Conclusion

Chapter 5.           Global Well Testing Services Market, By Stage

5.1.         Market Snapshot

5.2.         Market Performance – Potential Model

5.3.         Global Well Testing Services Market, Sub Segment Analysis

5.3.1.     Exploration, Appraisal, & Development

5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

5.3.2.     Production

5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 6.           Global Well Testing Services Market, By Application

6.1.         Market Snapshot

6.2.         Market Performance – Potential Model

6.3.         Global Well Testing Services Market, Sub Segment Analysis

6.3.1.     Onshore

6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

6.3.2.     Offshore

6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 7.           Global Well Testing Services Market, By Service

7.1.         Market Snapshot

7.2.         Market Performance – Potential Model

7.3.         Global Well Testing Services Market, Sub Segment Analysis

7.3.1.     Real Time Well Testing

7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.     Downhole Well Testing

7.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.     Reservoir Sampling

7.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.     Surface Well Testing

7.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 8.           Global Well Testing Services Market, by Regional Analysis

8.1.         Well Testing Services Market, Regional Market Snapshot (2015-2025)

8.2.         North America Well Testing Services Market Snapshot

8.2.1.     U.S.

8.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.2.1.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.1.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.1.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.     Canada

8.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.2.2.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.         Europe Well Testing Services Market Snapshot

8.3.1.     U.K.

8.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.1.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.1.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.1.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.     Germany

8.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.2.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.     France

8.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.3.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.     Rest of Europe

8.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.3.4.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.         Asia Well Testing Services Market Snapshot

8.4.1.     China

8.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.1.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.1.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.1.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.     India

8.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.2.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.     Japan

8.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.3.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.     Rest of Asia Pacific

8.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.4.4.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.         Latin America Well Testing Services Market Snapshot

8.5.1.     Brazil

8.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.5.1.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.1.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.1.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.     Mexico

8.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.5.2.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.         Rest of The World

8.6.1.     South America

8.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.6.1.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.1.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.1.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.     Middle East and Africa

8.6.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.2. Stage breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.3. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

8.6.2.4. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 9.           Competitive Intelligence

9.1.         Company Market Share (Subject to Data Availability)

9.2.         Top Market Strategies

9.3.         Company Profiles

9.3.1.     Expro International Group Ltd

9.3.1.1. Overview

9.3.1.2. Financial (Subject to Data Availability)

9.3.1.3. Product Summary

9.3.1.4. Recent Developments

9.3.2.     Halliburton Company

9.3.3.     Schlumberger Limited

9.3.4.     Tetra Technologies Inc.

9.3.5.     Weatherford International Ltd.

9.3.6.     AGR Group ASA

9.3.7.     FMC Technologies Inc.

9.3.8.     Greene’s Energy Group

9.3.9.     Helix Energy Solutions Group Inc.

9.3.10.   MB Petroleum Services LLC

9.3.11.   Mineral Technologies Inc.

9.3.12.   Rockwater Energy Solutions, Inc.

9.3.13.   CETCO Well Testing

9.3.14.   TestAlta

9.3.15.   Stric-Lan Companies

The Research Methodology for Global Well Testing Services Market Study deeply focuses on the entire value chain of the market. However, all of the statistical estimates are purely based on the consumption/implementation side of the value chain wherein the market sizes have been calculated by analyzing the prices i.e. sale price or cost prices along with the average demand/ procedures/usage/ deployment/execution of Well Testing Services across various industries / end-use/applications.

The whole Well Testing Services industry has been divided into various segments i.e. Product, Component, Application, Vertical, End-Use and Regions and each of which is studied as an individual study by our research analysts and consultants. Each of the subsegments has been analyzed and estimated at country level to form a regional scope. After finalizing the regional and segmental revenues the total revenue for Global Well Testing Services Market is calculated as a sum of all the different segments.

Some of the key data points considered under the Research Methodology to calculate the revenue for Global Well Testing Services Market includes:

  • Revenues from key companies
  • Company market share analysis
  • Consumer spending analysis
  • Regional export and import analysis
  • Regulatory Trends
  • Sales revenue generated by various products/applications in different countries/geographies

The Research Methodology starts with extensive data mining, using paid & free authentic information sources such as white papers, industry journals, trade magazines, Hoovers, Factiva, Statista, news websites, technical publications, independent studies etc. a team of dedicated research analysts and associates work on all of the gathered data to extract relevant information. Key factors such as ongoing & upcoming industry trends, external & internal driving factors, restraining factors, growth opportunities and value chain analysis have been verified in order form qualitative part of the report and to back the estimation team for quantitative analysis.

We utilize a combination of top-down and bottom-up methodology for industry estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the estimates and forecasts through primary interviews and feedbacks. An extensive primary and secondary research have been conducted with the key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify industry trends and estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.

All of the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from another. These models are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts. Both the types are used collectively in order to derive market estimates for the base year as well as for forecast period.


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