Hydraulic Workover Unit Market Research Report- Forecast till 2026

$4,450$6,250

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.

Clear

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.

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

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