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Discover the Global Smart Well Market Forcast To Grow At CAGR Of 4.48% Between 2017-2021

Press Release   •   Jan 16, 2017 05:58 EST

About Smart Well

The global smart well market is expected to witness significant growth during the forecast period. The growth of the market is mainly attributed to the increasing demand for oil and gas across the globe. The development of this market is dependent on the efficiency of the smart well, advancement in equipment technology and the increase in investments by market vendors. The growth of smart well market is directly linked to the growth in drilling and completion activities across the globe.

Technavios analysts forecast the global smart well market to grow at a CAGR of 4.48% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global smart well market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Smart Well Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Baker Hughes

Halliburton

National Oilwell Varco

Schlumberger

Weatherford International

Other prominent vendors

Statoil

Salym Petroleum

Woodside Energy

Emerson process management

INTECH process automation

Nabors Completion & Production Services

RPC Inc.

Superior Energy Services

Trican Well Services

Welltec International AS

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Market driver

Migration of drilling into unconventional areas.

For a full, detailed list, view our report

Market challenge

Decreasing investment in oil and gas industry.

For a full, detailed list, view our report

Market trend

Increase in Deepwater and ultra-Deepwater exploration.

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Technological overview

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by application

Global smart well by application 2016-2021

Global smart well market by onshore

Global smart well market by offshore

PART 07: Geographical segmentation

Global smart well market by geography 2016-2021

Global smart well market in the Americas

Global smart well market in EMEA

Global smart well market in APAC

PART 08: Market drivers

Migration of drilling into unconventional areas

Increased use of horizontal and multilateral wells

Focus on reduction of non-productive time (NPT)

Constant demand for oil and gas

PART 09: Impact of drivers

PART 10: Market challenges

Decreasing investment in oil and gas industry

Uncertainties associated with low crude oil prices

Cyber security concerns

PART 11: Impact of drivers and challenges

PART 12: Market trends

IT integration and digitization of oil fields

Increase in Deepwater and ultra-Deepwater exploration

Fluctuation in oil rigs

PART 13: Vendor landscape

Competitive Scenario

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