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The Global Well Testing Services Market is expected to grow by $ 1.53 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period

·2 min de lecture

Global Well Testing Services Market 2020-2024 The analyst has been monitoring the well testing services market and it is poised to grow by $ 1. 53 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period.

New York, Oct. 08, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Well Testing Services Market 2020-2024" -
Our reports on well testing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in rig count, rising global demand for energy, and the presence of government regulations related to well performance monitoring. In addition, an increase in rig count is anticipated to boost the growth of the market as well.
The well testing services market analysis includes application segment and geographical landscapes.

The well testing services market is segmented as below:
By Application
• Onshore
• Offshore

By Geographical Landscapes
• North America
• Europe
• South America

This study identifies the growing adoption of IoT by the oil and gas industry as one of the prime reasons driving the well testing services market growth during the next few years. Also, an increase in oil and gas E&P investments and consolidation of oilfield services will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our well testing services market covers the following areas:
• Well testing services market sizing
• Well testing services market forecast
• Well testing services market industry analysis

Read the full report:

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