- Companies: 10+ – Including Baker Hughes Co., Expro Group Holdings N V, Fesco LTD., Grant Production Testing Services Ltd, GREENE S ENERGY GROUP, Halliburton Co., Hamdon Energy Solutions Ltd., PROFLO Production Testing Ltd., Roska DBO Inc., Schlumberger Ltd., Skyline Well Testing Inc., TC Mobile vessels LTD, testwells Ltd., TETRA Technologies Inc., Weatherford International Plc, WELLMAX, and Wespro Production Testing Ltd. among others.
- Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
- Segments: Application (onshore and offshore)
- Geographies: North America, APAC, Middle East and Africa, Europe, and South America
To understand more about Market Dynamics. Download our sample report
According to the recent market study by Technavio, the size of the Production Testing Market is expected to grow by USD 2.31 billion from 2021 to 2026, with an accelerated CAGR of 6%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Vendor Insights-
The production testing market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The offerings of some of the key vendors are listed below:
- Baker Hughes Co. - The company offers pressure testing and sampling services to capture and analyze real-time formation pressures and reservoir fluids for optimal field planning.
- Expro Group Holdings N V - The company offers Surface well testing to provide solutions for extended well tests, high flow rate tests, and limited flow tests.
- Fesco LTD. - The company offers production testing equipment to safely meet virtually every production testing and flowback (well testing) requirement.
Find additional highlights on the vendors and their product offerings. Download a Sample Report
Regional Market Outlook
The production testing market share growth in North America will be significant during the forecast period. The US and Canada are the key countries in the market. Market growth in North America will be faster than the growth of the market in other regions. The rise in unconventional E&P activities will facilitate the production testing market growth in North America over the forecast period.
Download our sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends in the Market-
- Production Testing Market Driver:
- Rising global oil and gas consumption:
The demand for fuel is rising in developing countries such as China and India. Rapid industrialization and urbanization are attributed to the increased requirement for crude oil in the region. In addition, the growth in mobility services such as Didi Chuxing and Uber is increasing fuel consumption. Thus, the growth in such mobility services is likely to increase the demand for fuel in the region, which requires more production from oil and gas companies.
- Production Testing Market Trend:
- Rise in deepwater and ultra-deepwater E&P activities:
The rise in deepwater and ultra-deepwater E&P activities is a trend in the market. For instance, in December 2017, the government of the US passed a tax overhaul bill, which increased the fiscal competitiveness of the deepwater Gulf of Mexico drilling activities significantly.
Find additional information about various other market Drivers & Trends mentioned in our sample report.
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Production Testing Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2022-2026 |
USD 2.31 billion |
Market structure |
Concentrated |
YoY growth (%) |
5.0 |
Regional analysis |
North America, APAC, Middle East and Africa, Europe, and South America |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Canada, Saudi Arabia, China, and Russia |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Baker Hughes Co., Expro Group Holdings N V, Fesco LTD., Grant Production Testing Services Ltd, GREENE S ENERGY GROUP, Halliburton Co., Hamdon Energy Solutions Ltd., PROFLO Production Testing Ltd., Roska DBO Inc., Schlumberger Ltd., Skyline Well Testing Inc., TC Mobile vessels LTD, testwells Ltd., TETRA Technologies Inc., Weatherford International Plc, WELLMAX, and Wespro Production Testing Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Onshore - Market size and forecast 2021-2026
- Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
- 5.4 Offshore - Market size and forecast 2021-2026
- Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.5 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.6 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Canada - Market size and forecast 2021-2026
- Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.11 Saudi Arabia - Market size and forecast 2021-2026
- Exhibit 74: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
- 7.12 Russia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Baker Hughes Co.
- Exhibit 89: Baker Hughes Co. - Overview
- Exhibit 90: Baker Hughes Co. - Business segments
- Exhibit 91: Baker Hughes Co. - Key news
- Exhibit 92: Baker Hughes Co. - Key offerings
- Exhibit 93: Baker Hughes Co. - Segment focus
- 10.4 Expro Group Holdings N V
- Exhibit 94: Expro Group Holdings N V - Overview
- Exhibit 95: Expro Group Holdings N V - Business segments
- Exhibit 96: Expro Group Holdings N V - Key offerings
- Exhibit 97: Expro Group Holdings N V - Segment focus
- 10.5 Fesco LTD.
- Exhibit 98: Fesco LTD. - Overview
- Exhibit 99: Fesco LTD. - Product / Service
- Exhibit 100: Fesco LTD. - Key offerings
- 10.6 Halliburton Co.
- Exhibit 101: Halliburton Co. - Overview
- Exhibit 102: Halliburton Co. - Product / Service
- Exhibit 103: Halliburton Co. - Key news
- Exhibit 104: Halliburton Co. - Key offerings
- 10.7 Hamdon Energy Solutions Ltd.
- Exhibit 105: Hamdon Energy Solutions Ltd. - Overview
- Exhibit 106: Hamdon Energy Solutions Ltd. - Product / Service
- Exhibit 107: Hamdon Energy Solutions Ltd. - Key offerings
- 10.8 Roska DBO Inc.
- Exhibit 108: Roska DBO Inc. - Overview
- Exhibit 109: Roska DBO Inc. - Product / Service
- Exhibit 110: Roska DBO Inc. - Key offerings
- 10.9 Schlumberger Ltd.
- Exhibit 111: Schlumberger Ltd. - Overview
- Exhibit 112: Schlumberger Ltd. - Business segments
- Exhibit 113: Schlumberger Ltd. - Key offerings
- Exhibit 114: Schlumberger Ltd. - Segment focus
- 10.10 testwells Ltd.
- Exhibit 115: testwells Ltd. - Overview
- Exhibit 116: testwells Ltd. - Product / Service
- Exhibit 117: testwells Ltd. - Key offerings
- 10.11 TETRA Technologies Inc.
- Exhibit 118: TETRA Technologies Inc. - Overview
- Exhibit 119: TETRA Technologies Inc. - Business segments
- Exhibit 120: TETRA Technologies Inc. - Key offerings
- Exhibit 121: TETRA Technologies Inc. - Segment focus
- 10.12 Weatherford International Plc
- Exhibit 122: Weatherford International Plc - Overview
- Exhibit 123: Weatherford International Plc - Business segments
- Exhibit 124: Weatherford International Plc - Key offerings
- Exhibit 125: Weatherford International Plc - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 126: Inclusions checklist
- Exhibit 127: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 128: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 129: Research methodology
- Exhibit 130: Validation techniques employed for market sizing
- Exhibit 131: Information sources
- 11.5 List of abbreviations
- Exhibit 132: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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