The report “Well Completion Equipment and Services Market by Type (Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application (Onshore, Offshore) & Geography - Global Trends & Forecast to 2019” defines and segments the completion equipment and services market with an analysis and forecast of the global revenue
Browse 69 market data tables and 46 figures spread through 158 pages and in-depth TOC on Well Completion Equipment and Services Market - Global Trends & Forecast to 2019.
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Well completion market is likely to grow reasonably in the upcoming years. The long-term drivers of the market are well known. Onshore and offshore drilling and exploration activities are always associated with elevated danger and require huge investments for the exploration and development of oil & gas. In addition, to increase efficiency in deepwater and in ultra-deepwater arenas, state-of-the-art technology that reduces risk, increases completion efficiencies, and maximizes production are required. This increases the demand for high competent tools, equipment, and services in the market to reduce the risk associated with this market.
Key Market Players:
Major companies such as Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), and Weatherford (Ireland) have also been profiled in this report.
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The major drivers of the well completion market include increase in production rate, new additions to recoverable reserves, energy strategy shift towards gas, and energy security by domestic supply. Strict environmental rules & regulations and plunge in the number of refineries are seen as major restraints of the well completion market. Meanwhile, North America held the major market share in the global well completion market in 2014.
The market has been estimated from the demand point of view. This report breaks the market into smaller service segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 11 companies in the well completion market.
Well Completion Equipment and Services Market
The global well completion equipment and services market was expected to be valued at $10.7 Billion in 2014. This value is estimated to increase to $13.0 Billion by 2019, at a CAGR of 3.9% during the forecast period. North America was expected to lead the global well completion market with a share of more than 40% in 2014.
For this report, the major players in the market have been identified through secondary and primary research, based on which, their market shares have been evaluated. This includes a study of the annual reports of the top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing personnel.
The size of the overall market has been determined by forecasting techniques based on the demand for well completion in different regions, which has been validated through primary sources. The market size for various types of well completion has been determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.
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