The global Hydraulic Workover Units market size is projected to reach USD 2.18 billion by 2030

Hydraulic Workover Units Market Summary

Hydraulic Workover is the most cost efficient method to repair all types of wells both onshore and offshore. The Hydraulic Workover Unit (HWU) is a versatile, cost saving and safe tool to perform sand cleanouts, change-out completions and to repair casing leaks.

The evolution of Hydraulic Workover (HWO) services can be traced back to the 1920s. Halliburton hydraulic workover operations began in 1929 when Mr. H.C. Otis, Sr. designed, patented and built the world’s first unit to run or pull pipe under pressure.

This report mainly focuses on the service market of Hydraulic workover.

According to the new market research report “Global Hydraulic Workover Units Market Report 2024-2030”, published by GIResearch, the global Hydraulic Workover Units market size is projected to reach USD 2.18 billion by 2030, at a CAGR of 4.9% during the forecast period.

• Global Hydraulic Workover Units MarketSize(US$ Million), 2019-2030

Source: GlobalInfoResearch, “Global Hydraulic Workover Units Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2024). If you need the latest data, plaese contact GIResearch.

• Global Hydraulic Workover Units Top13Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: GlobalInfoResearch, “Global Hydraulic Workover Units Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2024). If you need the latest data, plaese contact GIResearch.

According to GIResearch Top Players Research Center, the global key manufacturers of Hydraulic Workover Units include Halliburton, Superior Energy Services (BPC), Sinopec, Precision Drilling, Basic Energy Services, CNPC, Cudd Pressure Control (RPC), Velesto Energy Berhad, JEREH, Archer Limited, etc. In 2023, the global top 10 players had a share approximately 71.2% in terms of revenue.

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