Hydraulic Workover Unit Market by Application (Onshore, Offshore), by Services (Snubbing, Workover), & by Region - Global Trends & Forecast to 2019

 Published On: Apr, 2015 |    No of Pages: 164 |  Published By: MarketsandMarkets | Format: PDF
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This report estimates the hydraulic workover unit market in terms of value in $million. This has been broken down into component regions and further split into countries.

The oil & gas industry witnesses high number of the E&P activities every year which is undertaken to meet the growing global energy demand. Hydraulic workover units form an integral part of the well lifecycle and can be used on the drilling, completion and workover phases. It provides increased lifting capacity during well intervention operations which cannot be performed using either a wireline or a coiled tubing unit. Furthermore, the increase in the petroleum production from the regions, such as the Middle East and North America, has exceeded the oil & gas demand which has resulted in the sudden decline of oil prices during the end of 2014.

Hydraulic workover unit also allows the operator to perform workover operations on live wells. This is a unique feature offered by hydraulic workover unit which is particularly useful while performing well intervention on gas wells.

The size of the overall market is determined by forecasting techniques based region-wise well count of both producing wells as well as the new wells that were drilled in different geographical regions which are validated through primary sources. The market is growing at a CAGR of approximately 6.6 % from 2014 to 2019.

This report also includes the profiles for leading oilfield service provider, and equipment manufacturers, such as:
Nabors Industries Ltd. (Bermuda), Key Energy Services (U.S.), Superior Energy Services, Inc. (U.S.), and Halliburton Company (U.S.), Archer Limited (Bermuda), Basic Energy services, Inc (U.S.), Canadian Energy Equipment Manufacturing FZE (UAE), Cudd Energy Services, Inc. (U.S.), High Arctic Energy Services (Canada), Precision Drilling Corporation (Canada), and UMW Oil & Gas Corporation Berhad (Malaysia).

Scope of the report: This study estimates the global market of hydraulic workover unit, in terms of service, till 2019. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. The report also covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the hydraulic workover unit market.

Various secondary sources have been used such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global hydraulic workover unit market. The primary sources – experts, manufacturers, and service providers from the industry have all been interviewed to obtain and verify critical information as well as assess future prospects of the global hydraulic workover unit market.

On the basis of services: Workover Services, and Snubbing Services.
On the basis of applications: Onshore Applications, and Offshore Applications.
On the basis of regions: North America, Europe, South America, Asia-Pacific, and the Middle-East and Africa. 

1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.1.1 By Application
1.3.1.1.1 Onshore Application
1.3.1.1.2 Offshore Application
1.3.1.2 By Installation Type
1.3.1.2.1 Skid Mounted
1.3.1.2.2 Trailer Mounted
1.3.1.3 By Service
1.3.1.3.1 Workover Services
1.3.1.3.2 Snubbing Services
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Package Size
1.7 Stakeholders

2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand Side Analysis
2.2.2.1 Increasing Oil & Gas Consumption
2.2.2.2 New Discoveries in Hydrocarbons Reserves
2.2.3 Supply Side Analysis
2.2.3.1 Growth in Subsea Well Intervention Expenditure
2.2.3.2 Huge Offshore Expenditure
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions & Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 39)
4.1 Attractive Market Opportunities in the Hydraulic Workover Unit Market
4.2 Hydraulic Workover Unit Market – Top Three Regions
4.3 Hydraulic Workover Unit Market in Asia-Pacific
4.4 North America Dominated the Hydraulic Workover Unit Market in 2013
4.5 Hydraulic Workover Unit Market: Application

5 Market Overview (Page No. - 46)
5.1 Introduction
5.2 Market Segmentation
5.2.1 Introduction
5.2.2 on the Basis of Service
5.2.2.1 Work-Over Services
5.2.2.2 Snubbing Services
5.2.1 on the Basis of Installation
5.2.1.1 Skid Mounted
5.2.1.2 Trailer Mounted
5.2.2 on the Basis of Application
5.2.2.1 Onshore Application
5.2.2.2 Offshore Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Deeper Water Discoveries in Africa and Latin America
5.3.1.2 Rising Shale Gas Production in the U.S.
5.3.1.3 Increased Use of Crude Oil for Power Generation By Saudi Arabia
5.3.2 Restraint
5.3.2.1 Environmental Concerns and Oil Spills
5.3.3 Opportunities
5.3.3.1 Privatization of the Mexican Oil & Gas Industry
5.3.3.2 Middle East Will be the Major Oil Supplier By 2020
5.3.3.3 Increase in the Number of Mature Oil & Gas Fields
5.3.3.4 New Technology for High Oil & Gas Resources in Kazakhstan
5.3.4 Challenge
5.3.4.1 Stringent Regulatory Policies
5.4 Impact of Market Dynamics
5.5 Impact of Oil Prices Decline

6 Industry Trends (Page No. - 58)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of Substitutes
6.3.2 Threat of New Entrants
6.3.3 Bargaining Power of Buyers
6.3.4 Bargaining Power of Suppliers
6.3.5 Degree of Competition

7 Hydraulic Workover Unit Market, By Application (Page No. - 61)
7.1 Introduction
7.2 Onshore
7.3 Offshore
7.4 Regional Market Analysis, By Application
7.4.1 North America
7.4.2 Asia-Pacific
7.4.3 Europe
7.4.4 South America
7.4.5 Middle East
7.4.6 Africa

8 Hydraulic Workover Unit Market, By Installation Type (Page No. - 73)
8.1 Introduction
8.2 Skid Mounted
8.3 Trailer Mounted
8.4 Regional Analysis
8.4.1 North America
8.4.2 Asia-Pacific
8.4.3 Europe
8.4.4 South America
8.4.5 Middle East
8.4.6 Africa

9 Hydraulic Workover Unit Market, By Service (Page No. - 81)
9.1 Introduction
9.2 Workover Services
9.3 Snubbing Services
9.4 Regional Analysis
9.4.1 North America
9.4.2 Asia-Pacific
9.4.3 Europe
9.4.4 South America
9.4.5 Middle East
9.4.6 Africa

10 Hydraulic Workover Unit Market, By Region (Page No. - 92)
10.1 Introduction
10.2 Regional Analysis
10.2.1 North America
10.2.1.1 U.S.
10.2.1.2 Canada
10.2.1.3 Mexico
10.2.2 Asia-Pacific
10.2.2.1 China
10.2.2.2 India
10.2.2.3 Rest of Asia-Pacific
10.2.3 Europe
10.2.3.1 Russia
10.2.3.2 Norway
10.2.3.3 Rest of Europe
10.2.4 South America
10.2.4.1 Brazil
10.2.4.2 Argentina
10.2.4.3 Rest of South America
10.2.5 Middle East
10.2.5.1 Saudi Arabia
10.2.5.2 UAE
10.2.5.3 Rest of Middle East
10.2.6 Africa
10.2.6.1 Egypt
10.2.6.2 Angola
10.2.6.3 Rest of Africa

11 Competitive Landscape (Page No. - 119)
11.1 Introduction
11.2 Growth Strategies in the Hydraulic Workover Unit Market
11.2.1 Contracts & Agreements Lead the Way
11.3 Competitive Situation & Trends
11.3.1 Analysis of Market Developments
11.4 Recent Developments
11.4.1 Contracts & Agreements
11.4.2 Mergers & Acquisitions
11.4.3 Expansions
11.4.4 Other Developments

12 Company Profiles (Page No. - 127)
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 Introduction
12.2 Halliburton Company
12.3 Key Energy Services
12.4 Nabors Industries Ltd.
12.5 Superior Energy Services, Inc.
12.6 Archer Limited
12.7 Basic Energy Services, Inc.
12.8 CEEM FZE
12.9 Cudd Energy Services, Inc.
12.10 High Arctic Energy Services Inc.
12.11 Precision Drilling Corporation
12.12 UMW Oil & Gas Corporation Berhad
*Details on Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 156)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List of Tables

Table 1 Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 2 Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 3 Onshore Hydraulic Workover Unit Market Size, By Region, 2012-2019 (Volume)
Table 4 Onshore Hydraulic Workover Unit Market Size, By Region, 2012-2019 ($Million)
Table 5 Offshore Hydraulic Workover Unit Market Size, By Region, 2012-2019 (Volume)
Table 6 Offshore Hydraulic Workover Unit Market Size, By Region, 2012-2019 ($Million)
Table 7 North America: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 8 North America: Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 9 Asia-Pacific: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 10 Asia-Pacific: Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 11 Europe: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 12 Europe: Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 13 South America: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 14 South America: Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 15 Middle East: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 16 Middle East: Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 17 Africa: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 18 Africa: Hydraulic Workover Unit Market Size, By Application, 2012-2019 ($Million)
Table 19 Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 (Units)
Table 20 Skid Mounted Hydraulic Workover Unit, By Region, 2012-2019 (Units)
Table 21 Trailer Mounted Hydraulic Workover Unit Market Size, By Region, 2012-2019 (Units)
Table 22 North America: Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 (Units)
Table 23 Asia-Pacific: Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 (Units)
Table 24 Europe: Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 (Units)
Table 25 South America: Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 Units)
Table 26 Middle East: Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 (Units)
Table 27 Africa: Hydraulic Workover Unit Market Size, By Installation Type, 2012-2019 (Units)
Table 28 Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 29 Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 30 Snubbing Services Market Size, By Region, 2012-2019 (Volume)
Table 31 Snubbing Services Market Size, By Region, 2012-2019 ($Million)
Table 32 Workover Services Market Size, By Region, 2012-2019 (Volume)
Table 33 Workover Services Market Size, By Region, 2012-2019 ($Million)
Table 34 North America: Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 35 North America: Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 36 Asia-Pacific: Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 37 Asia-Pacific: Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 38 Europe: Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 39 Europe: Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 40 South America: Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 41 South America: Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 42 Middle East: Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 43 Middle East: Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 44 Africa: Hydraulic Workover Unit Market Size, By Service, 2012-2019 (Volume)
Table 45 Africa: Hydraulic Workover Unit Market Size, By Service, 2012-2019 ($Million)
Table 46 Hydraulic Workover Unit Market Size, By Region, 2012-2019 (Volume)
Table 47 Hydraulic Workover Unit Market Size, By Region, 2012-2019 ($Million)
Table 48 North America Hydraulic Workover Unit Market Size, By Country, 2012-2019 (Volume)
Table 49 U.S.: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 50 Canada: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 51 Mexico: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 52 Asia-Pacific: Hydraulic Workover Unit Market Size, By Country, 2012-2019 (Volume)
Table 53 China: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 54 India: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 55 Rest of Asia-Pacific: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 56 Europe Hydraulic Workover Unit Market Size, By Country, 2012-2019 (Volume)
Table 57 Russia: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 58 Norway: Hydraulic Workover Unit Market Size, By Application, 2012-2019, (Volume)
Table 59 Rest of Europe: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 60 South America Hydraulic Workover Unit Market Size, By Country, 2012-2019 (Volume)
Table 61 Brazil: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 62 Argentina: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 63 Rest of South America: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 64 Middle East Hydraulic Workover Unit Market Size, By Country, 2012-2019 (Volume)
Table 65 Saudi Arabia: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 66 UAE: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 67 Rest of Middle East: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 68 Africa Hydraulic Workover Unit Market Size, By Country, 2012-2019 (Volume)
Table 69 Egypt: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 70 Angola: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 71 Rest of Africa: Hydraulic Workover Unit Market Size, By Application, 2012-2019 (Volume)
Table 72 Contracts & Agreements, 2011-2014
Table 73 Mergers & Acquisitions, 2011-2014
Table 74 Expansions, 2011-2014
Table 75 Other Developments, 2011-2014

List of Figures

Figure 1 Markets Covered: Hydraulic Workover Unit Market
Figure 2 Hydraulic Workover Unit Market: Research Design
Figure 3 Increase in Oil Consumption in the Top 10 Countries (2009 & 2013)
Figure 4 Increase in Gas Consumption in the Top 10 Countries (2009 & 2013)
Figure 5 Growing Expenditure in Subsea Well Intervention
Figure 6 Bottom-Up Approach (Volume)
Figure 7 Bottom-Up Approach (Value)
Figure 8 Top-Down Approach (Volume)
Figure 9 Top-Down Approach (Value)
Figure 10 Assumptions of the Research Study
Figure 11 Limitations of the Research Study
Figure 12 Technology Has Gained Momentum Over the Years, Increasing Heavy Well Intervention Efficiency
Figure 13 Hydraulic Workover Units Occupied the Largest Market Share in North America in 2013 (Volume)
Figure 14 North America & Asia-Pacific Are Expected to Dominate the Hydraulic Workover Unit Market During the Forecast Period
Figure 15 Hydraulic Workover Unit Market Size, 2014 & 2019
Figure 16 Increase in Production From Mature Oil & Gas Wells is Set to Create Growth for the Hydraulic Workover Unit Market
Figure 17 North America is Expected to Occupy the Major Share of the Hydraulic Workover Unit Market During the Forecast Period
Figure 18 Onshore Application Held the Major Share in the Asia-Pacific Hydraulic Workover Unit Market
Figure 19 North America Accounted for Nearly Half of the Hydraulic Workover Unit Market (In Terms of Value) in 2013
Figure 20 Onshore-Based Hydraulic Workover Units Are Estimated to Occupy the Largest Market Share in North America By 2019
Figure 21 Trailer Mounted Hydraulic Workover Units Are Estimated to Occupy the Largest Market Share in North America By 2019
Figure 22 Onshore Application in Europe is Expected to Account for the Largest Market Share in 2019
Figure 23 Market Segmentation: By Application, Service, & Region
Figure 24 Increasing Energy Demand Along With Declining Oil Prices Influence the Movements in Hydraulic Workover Unit Market
Figure 25 Increasing Natural Gas Production in the U.S. : 2009-2013
Figure 26 Increase in the Crude Oil Production in Saudi Arabia : 2009-2013
Figure 27 Increasing Trend of Oil Production in UAE
Figure 28 Increase in Oil & Gas Production in Russia
Figure 29 Oil & Gas Production of Kazakhstan Has Increased Over the Years
Figure 30 Impact Analysis of Market Dynamics
Figure 31 Sudden Decline in Brent Crude Oil Prices Since Mid 2014
Figure 32 Value Chain Analysis: Hydraulic Workover Unit
Figure 33 Porter’s Five Forces Analysis: Hydraulic Workover Unit Market
Figure 34 Geographic Snapshot (2013) – Rapid Growth Markets Are Emerging As New Hot Spots
Figure 35 Companies Adopted Contracts & Agreements As the Key Growth Strategy in the Past Three Years (2011-2014)
Figure 36 Hydraulic Workover Unit: Share of Key Growth Strategies, By Development, 2011 - 2014
Figure 37 Hydraulic Workover Unit Market Share Analysis of Top Companies, By Development, 2011-2014
Figure 38 Geographical Revenue Mix of Top 4 Market Players
Figure 39 Halliburton Company: Company Snapshot
Figure 40 SWOT Analysis: Halliburton Company
Figure 41 Key Energy Services: Company Snapshot
Figure 42 SWOT Analysis: Key Energy Services
Figure 43 Nabors : Company Snapshot
Figure 44 SWOT Analysis: Nabors Industries Ltd.
Figure 45 Superior Energy Services, Inc.: Company Snapshot
Figure 46 SWOT Analysis: Superior Energy Service, Inc.
Figure 47 Archer Limited: Company Snapshot
Figure 48 Basic Energy Services, Inc.: Company Snapshot
Figure 49 Rpc, Inc.: Company Snapshot
Figure 50 High Arctic Energy Services, Inc.: Company Snapshot
Figure 51 Precision Drilling Corporation: Company Snapshot
Figure 52 UMW Oil & Gas Corporation Berhad: Company Snapshot 


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