Hydraulic Workover Units Market by Application and Geography - Global Forecast and Analysis 2019-2023

Global Hydraulic Workover Units Market: About this market

Workover is the process of executing maintenance operations in oil and gas wells. Technavio’s global hydraulic workover units market analysis considers the application of hydraulic workover units in onshore wells and offshore wells. Our analysis also considers the application of hydraulic workover units in APAC, Europe, MEA, North America, and South America. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low costs will play a significant role in the onshore segment to maintain its market position. Also, our global hydraulic workover units market looks at factors such as advantages of hydraulic workover units, rise in oil and gas production from unconventional sources, and efforts to increase oil and gas production from mature oil and gas fields. However, the emergence of renewable energy technologies, fluctuations in crude oil prices, and technological challenges associated with hydraulic workover units may hamper the growth of the hydraulic workover industry over the forecast period.

Global Hydraulic Workover Units Market: Overview

Efforts to increase oil and gas production from mature oil and gas fields

Companies in the hydraulic workover units industry are significantly investing in improving the extraction of oil and gas from mature fields. Several oil and gas companies have initiated workover operations on mature oil and gas wells to enhance oil and gas production. This growing trend in the oil and gas industry has increased the use of hydraulic workover units, which is expected to drive the growth of the global hydraulic workover units market size at a CAGR of nearly 5% during the forecast period.

Development of intelligent well completion technologies

Oil and gas companies are adopting intelligent completion technologies that involve the deployment of permanent downhole sensors and surface-controlled downhole flow control valves. This helps operators to monitor reservoir and completion-integrity data and manage production actively. Intelligent completion devices analyze various data to support well integrity and enable operators to remotely control the flow of oil and gas from the reservoir during the production process. Many such advantages achieved by the development of intelligent well completion technologies is expected to fuel the growth of the global hydraulic workover units market size.

For the detailed list of factors that will drive the global hydraulic workover units market size during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several players, the global hydraulic workover units market is fairly fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several hydraulic workover units companies, that include Canadian Energy Equipment Manufacturing FZE, Halliburton Co., High Arctic Energy Services Inc., National Oilwell Varco Inc., and Superior Energy Services Inc.

Also, the tree nuts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2018-2023
      • Table Onshore - Market size and forecast 2018-2023 ($ millions)
      • Table Onshore - Year-over-year growth 2019-2023 (%)
    • Offshore - Market size and forecast 2018-2023
      • Table Offshore - Market size and forecast 2018-2023 ($ millions)
      • Table Offshore - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing emergence of rigless well intervention and abandonment technologies
    • Growing use of laser technology in workover operations
    • Development of intelligent well completion technologies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Canadian Energy Equipment Manufacturing FZE
      • Table Canadian Energy Equipment Manufacturing FZE - Vendor overview
      • Table Canadian Energy Equipment Manufacturing FZE - Key offerings
    • Halliburton Co.
      • Table Halliburton Co. - Vendor overview
      • Table Halliburton Co. - Business segments
      • Table Halliburton Co. - Organizational developments
      • Table Halliburton Co. - Geographic focus
      • Table Halliburton Co. - Segment focus
      • Table Halliburton Co. - Key offerings
    • High Arctic Energy Services Inc.
      • Table High Arctic Energy Services Inc. - Vendor overview
      • Table High Arctic Energy Services Inc. - Business segments
      • Table High Arctic Energy Services Inc. - Organizational developments
      • Table High Arctic Energy Services Inc. - Geographic focus
      • Table High Arctic Energy Services Inc. - Segment focus
      • Table High Arctic Energy Services Inc. - Key offerings
    • National Oilwell Varco Inc.
      • Table National Oilwell Varco Inc. - Vendor overview
      • Table National Oilwell Varco Inc. - Business segments
      • Table National Oilwell Varco Inc. - Organizational developments
      • Table National Oilwell Varco Inc. - Geographic focus
      • Table National Oilwell Varco Inc. - Segment focus
      • Table National Oilwell Varco Inc. - Key offerings
    • Superior Energy Services Inc.
      • Table Superior Energy Services Inc. - Vendor overview
      • Table Superior Energy Services Inc. - Business segments
      • Table Superior Energy Services Inc. - Organizational developments
      • Table Superior Energy Services Inc. - Geographic focus
      • Table Superior Energy Services Inc. - Segment focus
      • Table Superior Energy Services Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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