Analysis of COVID-19-Well Abandonment Services Market 2019-2023 | Maturing Oil and Gas Fields to Boost Growth | Technavio

Technavio has been monitoring the well abandonment services market, and it is poised to grow by USD 920.92 million during 2019-2023, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes, a GE company LLC, Halliburton, Schlumberger Limited, TechnipFMC plc, and Weatherford, are some of the major market participants. The maturing oil and gas fields will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Maturing oil and gas fields has been instrumental in driving the growth of the market.

Well Abandonment Services Market 2019-2023: Segmentation

Well Abandonment Services Market is segmented as below:

• Application
  • Offshore
  • Onshore
• Geographic Landscape
  • The Americas
  • APAC
  • Europe
  • MEA

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Well Abandonment Services Market 2019-2023: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our well abandonment services market report covers the following areas:

• Well Abandonment Services Market size
• Well Abandonment Services Market trends
• Well Abandonment Services Market industry analysis

This study identifies the emergence of rigless well abandonment techniques as one of the prime reasons driving the well abandonment services market growth during the next few years.

Well Abandonment Services Market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the well abandonment services market, including some of the vendors such as Baker Hughes, a GE company LLC, Halliburton, Schlumberger Limited, TechnipFMC plc, and Weatherford. Backed with competitive intelligence and benchmarking, our research reports on the well abandonment services market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Well Abandonment Services Market 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist well abandonment services market growth during the next five years
• Estimation of the well abandonment services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the well abandonment services market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of well abandonment services market vendors

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Offshore - Market size and forecast 2018-2023
• Onshore - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Emergence of rigless well abandonment techniques
• Advances in post-abandonment monitoring systems and use of single lift in decommissioning
• Conversion of decommissioned oil and gas platforms to offshore wind farms

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Baker Hughes, a GE company LLC
• Halliburton
• Schlumberger Limited
• TechnipFMC plc
• Weatherford

PART 14: APPENDIX

• Research methodology
• List of abbreviations

PART 15: EXPLORE TECHNAVIO

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