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Well Testing Services Market

Global Well Testing Services Market Size, Share, Forecast: By Service: Down-Hole Testing, Real Time Well Testing, Reservoir Sampling and Analysis, Surface Well Testing; By Stage: Exploration, Appraisal, and Development, Production; By Application: Onshore, Offshore; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Well Testing Services Market Outlook

The global well testing services market reached a value of about USD 10.5 billion in 2023. The market is further expected to grow at a CAGR of 3% in the forecast period of 2024-2032 to reach a value of approximately USD 13.13 billion by 2032.     

 

Well Testing Services Market

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Real Time Well Testing Services Accounted for the Leading Market Share

The real time well testing segment, among other services, dominated the global market owing to its ability to provide optimised and stabilised results and relatively high accuracy. The real time well testing services are followed by the downhole testing services. The downhole testing service is known for its cost-effectiveness and accounts for a significant share in the industry. Currently, the surface well testing services account for a minor share in the industry, but it is expected to witness a healthy growth in the coming years.


North America Well Testing Services Market to be Aided by Rising Shale Gas Activities

The market is dominated by the North America region. The demand is growing in the region due to the growing shale gas activities in the United States and the rising investments in the exploration and production (E&P) activities. Other significant markets for the product include the Middle East and Africa and Europe. Within the Asia Pacific, increasing E&P expenditure in countries like China, Malaysia, and India is expected to provide enhanced growth opportunities for the market expansion.

 

Well Testing Services Market by Service

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Well Testing Services: Market Segmentation

Well testing refers to the acquisition of information and data in order to know the properties of the reservoir and the rock formation. The ultimate aim of well testing is to understand and monitor the capacity of reservoirs to generate hydrocarbons like oil, gas, condensates, and others. The well testing process has multiple applications, such as fluid characterisation, reservoir characterisation, formation pressure measurement, and permeability and skin interpretation, in the oil and gas industry.

Based on services, the market is divided into:

  • Down-Hole Testing
  • Real Time Well Testing
  • Reservoir Sampling and Analysis
  • Surface Well Testing

Based on stage, the industry can be segmented into:

  • Exploration, Appraisal, and Development
  • Production

On the basis of application, the market is divided into:

  • Onshore
  • Offshore

The regional markets for the service include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Well Testing Services Market by Region

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Rising Oil Drilling Activities to Support the Global Well Testing Services Market

The global well testing services market is being driven by the rising demand for energy across the globe, growing exploration and production (E&P) expenditure, and a rise in drilling activities. The increase in oil and gas discoveries in different parts of the world and favourable regulatory policies are creating new opportunities for the players, and thus, propelling the overall industry forward.

The regions like the United States and Canada are expected to witness a rise in shale gas and drilling activities and contribute to enhanced oil production, thus, aiding the market growth in North America.

Over the forecast period, the adoption of high precision measurement while drilling and reservoir condition measurement instruments are expected to increase, which will significantly aid the market growth. The rapid technological advancements and developing oil and gas industry are expected to have a positive effect on the expansion of the market. However, volatile crude oil prices might hamper the industry growth.


Key Industry Players in the Global Well Testing Services Market

The report gives a detailed analysis of the following key players in the global well testing services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Expro International Group
  • Halliburton Energy Services, Inc.
  • Tetra Technologies Inc.
  • Greene’s Energy Group
  • Weatherford International plc
  • Schlumberger Limited
  • SGS SA
  • TechnipFMC plc
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Service
  • Stage
  • Application
  • Region
Breakup by Service
  • Down-Hole Testing
  • Real Time Well Testing
  • Reservoir Sampling and Analysis
  • Surface Well Testing
Breakup by Stage
  • Exploration, Appraisal, and Development
  • Production
Breakup by Application
  • Onshore
  • Offshore
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Expro International Group
  • Halliburton Energy Services, Inc.
  • Tetra Technologies Inc.
  • Greene’s Energy Group
  • Weatherford International plc
  • Schlumberger Limited
  • SGS SA
  • TechnipFMC plc
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Well Testing Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Well Testing Services Historical Market (2018-2023) 
    8.3    Global Well Testing Services Market Forecast (2024-2032)
    8.4    Global Well Testing Services Market by Service
        8.4.1    Down-Hole Testing
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Real Time Well Testing
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Reservoir Sampling and Analysis
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Surface Well Testing
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Well Testing Services Market by Stage
        8.5.1    Exploration, Appraisal, and Development
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Production
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Well Testing Services Market by Application
        8.6.1    Onshore
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Offshore
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032) 
    8.7    Global Well Testing Services Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Well Testing Services Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Well Testing Services Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Well Testing Services Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America  Well Testing Services Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Well Testing Services Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain  Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Expro International Group
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Halliburton Energy Services, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Tetra Technologies Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Greene’s Energy Group
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Weatherford International plc
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Schlumberger Limited
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    SGS SA
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    TechnipFMC plc
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Well Testing Services Market: Key Industry Highlights, 2018 and 2032
2.    Global Well Testing Services Historical Market: Breakup by Service (USD Billion), 2018-2023
3.    Global Well Testing Services Market Forecast: Breakup by Service (USD Billion), 2024-2032
4.    Global Well Testing Services Historical Market: Breakup by Stage (USD Billion), 2018-2023
5.    Global Well Testing Services Market Forecast: Breakup by Stage (USD Billion), 2024-2032
6.    Global Well Testing Services Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Well Testing Services Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Well Testing Services Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Well Testing Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Well Testing Services Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Well Testing Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Well Testing Services Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 10.5 billion.

The market is projected to grow at a CAGR of 3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13.13 billion by 2032.   

The rising disposable incomes, rising energy demand, increasing exploration and production (E&P) expenditure, growth in drilling activities, and the rise in oil and gas discoveries are driving the market growth.

The key trends guiding the market growth include the growing adoption of high precision measurements and reservoir condition measurement instruments and the rapid technological advancements and innovations in the oil and gas sector.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Down-hole testing, real time well testing, reservoir sampling and analysis, and surface well testing are the major services considered in the market report.

The major stages of well testing services are exploration, appraisal, and development and production.

The dominant application segments of well testing services are onshore and offshore.

The major players in the market are Expro International Group, Halliburton Energy Services, Inc., Tetra Technologies Inc., Greene’s Energy Group, Weatherford International plc, Schlumberger Limited, SGS SA, and TechnipFMC plc, among others.

Analyst Review

The global well testing services market attained a value of USD 10.5 billion in 2023, driven by growing energy demand. Aided by the rising shale gas explorations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3%. The market is projected to reach USD 13.13 billion by 2032.     

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By services, the market is segmented into down-hole testing, real time well testing, reservoir sampling and analysis, and surface well testing, with real time well testing leading the market. On the basis of stage, the industry is bifurcated into exploration, appraisal, and development and production. Based on application, the industry is divided into onshore and offshore. The major regional markets for well testing services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Expro International Group, Halliburton Energy Services, Inc., Tetra Technologies Inc., Greene’s Energy Group, Weatherford International plc, Schlumberger Limited, SGS SA, and TechnipFMC plc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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