DUBLIN--(BUSINESS WIRE)--The "Hydraulic Workover Unit - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

According to this report, the Global Hydraulic Workover Unit market accounted for $9.99 billion in 2019 and is expected to reach $15.80 billion by 2027 growing at a CAGR of 5.9% during the forecast period.

Increasing shale gas production activities and upsurge in oil & gas production after the decline in oil prices are the major factors propelling market growth. However, the growing focus on renewable energy is hampering market growth.

Hydraulic workover units are portable pulling systems that offer different benefits for onshore and offshore installations. Hydraulic workover unit is used as a substitute to workover rigs & conventional drilling. They are mainly used in drilling, repairing, and completing wells in and around shores.

Based on the services, the workover segment is going to have lucrative growth during the forecast period due to the highest growing segment in the hydraulic workover unit market. The services carried out by the hydraulic workover units are completions/workover, plug & abandonments, ESP completion, sand screen installations, well deepening, fishing/clean-outs, casing repairs, and others. Furthermore hydraulic workover can be used to install or remove tubular (pipes) in or out of dead wells.

By geography, North America is going to have lucrative growth during the forecast period due to increasing shale gas production activities. The Hydraulic Workover Unit Market is driven by the growth in unconventional resources in the US and Canada and demand from the onshore & offshore fields in the Gulf of Mexico. The Gulf of Mexico is one of the most important sources of conventional oil & gas in the North American region.

Companies Mentioned

• Archer
• Basic Energy Services
• CEEM FZE
• CUDD Energy Services
• Easternwell
• Elnusa
• Halliburton
• High Arctic Energy Services
• Key Energy Services
• Nabors Industries
• National Oilwell Varco
• Precision Drilling
• Superior Energy Services
• UZMA
• Velesto Energy
• ZYT Petroleum Equipment

What the report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2018, 2019 2020, 2024, and 2027
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Hydraulic Workover Unit Market, By Type

5.1 Introduction

5.2 Vacuum

5.3 Ultraviolet Sterilization

5.4 High Temperature Sterilization

6 Global Hydraulic Workover Unit Market, By Installation

6.1 Introduction

6.2 Skid Mount

6.3 Trailer Mount

7 Global Hydraulic Workover Unit Market, By Service

7.1 Introduction

7.2 Snubbing

7.3 Workover

8 Global Hydraulic Workover Unit Market, By Capacity

8.1 Introduction

8.2 0-50 Tonne

8.3 50-150 Tonne

8.4 Above 150 Tonne

9 Global Hydraulic Workover Unit Market, By Application

9.1 Introduction

9.2 Business Use

9.3 Home Use

9.4 Offshore

9.5 Onshore

10 Global Hydraulic Workover Unit Market, By Geography

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 South America

10.6 Middle East & Africa

11 Key Developments

11.1 Agreements, Partnerships, Collaborations and Joint Ventures

11.2 Acquisitions & Mergers

11.3 New Product Launch

11.4 Expansions

11.5 Other Key Strategies

12 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/d0xoux

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