Insights & Forecast With Potential Impact of COVID-19 - Well Abandonment Services Market 2020-2024 | 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 1.09 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Well Abandonment Services Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acteon Group Ltd., Calfrac Well Services Ltd., Expro Holdings UK2 Ltd., General Electric Co., Halliburton Co., NexTier Oilfield Solutions Inc., Oceaneering International Inc., Schlumberger Ltd., TechnipFMC Plc, and Weatherford International Plc are some of the major market participants. 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 2020-2024: Segmentation

Well Abandonment Services Market is segmented as below:

• Application
  • Offshore
  • Onshore
• Geography
  • Europe
  • North America
  • MEA
  • APAC
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44048

Well Abandonment Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the 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 analysis

This study identifies regulatory requirements for well abandonment as one of the prime reasons driving the well abandonment services market growth during the next few years.

Well Abandonment Services Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the well abandonment services market, including some of the vendors such as Acteon Group Ltd., Calfrac Well Services Ltd., Expro Holdings UK2 Ltd., General Electric Co., Halliburton Co., NexTier Oilfield Solutions Inc., Oceaneering International Inc., Schlumberger Ltd., TechnipFMC Plc, and Weatherford International Plc. 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 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• 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:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

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

Market Segmentation by Application

• Market segments
• Comparison by Application
• Offshore - Market size and forecast 2019-2024
• Onshore - Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Industry risks

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Acteon Group Ltd.
• Calfrac Well Services Ltd.
• Expro Holdings UK2 Ltd.
• General Electric Co.
• Halliburton Co.
• NexTier Oilfield Solutions Inc.
• Oceaneering International Inc.
• Schlumberger Ltd.
• TechnipFMC Plc
• Weatherford International Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200716005327/en/