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Downhole Equipment Market Demonstrates a Spectacular Growth by 2027: Essential Energy Services, Forum Energy Technologies, General Electric, Halliburton Company, National Oilwell Varco, Oil States International, Schlumberger

Press release   •   Sep 17, 2019 22:33 IST

Downhole Equipment Market

According to a new market study entitled "Downhole Equipment Market to 2027 - Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, "explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors this growth and also highlights the major players in the market and their developments.

Downhole equipment is a hydraulic oil recovery system which is used for hole enlargement, torque reduction, and drag resistance improvement. This tool helps in enhancing efficiency while reducing production and drilling costs. The downhole equipment helps in carrying out operations related to well completion process and examination of reservoirs.

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Downhole Equipment Market Top Key Players: Essential Energy Services, Forum Energy Technologies, General Electric, Halliburton Company, National Oilwell Varco, Oil States International, Schlumberger, Superior Energy Services, The Weir Group, Weatherford International

Continuous increase in the number of oil & gas projects along with governmental provisions, majorly in Middle eastern countries is driving the growth of downhole equipment market. Moreover, constant introduction of new technologies to optimize productivity in upstream acitivites by securing workforces is expected to provide significant growth opportunities for the players operating in the downhole equipment market.

This report contains:

  • Market sizing for the global Downhole Equipment Market.
  • Compare major Downhole Equipment providers strategies and approaches to the challenges they face
  • Analysis of the effects deglobalisation trends may have for Downhole Equipment providers
  • Profiles of majorDownhole Equipment providers

The "Global Downhole Equipment Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the downhole equipment market with detailed market segmentation by equipment type, application, and geography. The global downhole equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading downhole equipment market players and offers key trends and opportunities in the market.

The global downhole equipment market is segmented on the basis of equipment type and application. Based on equipment type, the market is segmented into flow and pressure control tools, drilling tools, handling tools, and others. On the basis of application, the downhole equipment market is segmented into formation and evaluation, well drilling, well intervention, well completion, and oil & gas production.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global downhole equipment market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Digital evidence management system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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he reports cover key developments in the downhole equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

  • The report provides qualitative and quantitative trends of global Downhole Equipment Market across offerings, deployment type, industry vertical, and geography.
  • The report starts with the key takeaways (chapter two), highlighting the key trends and outlook of the global Downhole Equipment Market.
  • Chapter five discusses the global Downhole Equipment Market scenario, in terms of historical market revenues, and forecast till the year 2027.
  • Chapter six to nine discuss Downhole Equipment Market segments by offerings, deployment Type, and industry vertical across North America, Europe, Asia-Pacific, Middle East & Africa and South America. They cover market revenue forecast, and factors driving and governing growth.
  • Chapter twelve provides the detailed profiles of the key companies operating in the global Downhole EquipmentDownhole Equipment Market. The companies have been profiled on the basis of their key facts, business description, financial overview, SWOT analysis, and key developments.
  • Chapter thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, research methodology, contact information, and the disclaimer section.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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