Well Completion Equipment Market Report

Market Insights

Well Completion Equipment Market is likely to witness an impressive CAGR of 4.40% during the forecast period. Factors that are majorly driving the well completion equipment market are resuming shale operations along with refracking of mature oil & gas wells.

Segment Analysis

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Well Completion Equipment Market Share: By Application Type

Based on the application type, the market is segmented as onshore and offshore. The onshore is expected to dominate market during the forecast period. The North American region endorses its wells with the shale gas revolution in the U.S. along with rise in the production from the Canadian tar sands. Additionally, the expenses incurred in oil & gas activities, such as drilling and completion is less in onshore when compared to offshore applications.

Well Completion Equipment Market Share: By Variety Type

Based on the variety type, the market is further as packers, sand control tools, multistage fracturing tools, liner hangers, valves, smart wells, and others. The packers segment accounts for the largest market size and is projected to lead the market during the forecast period. This growth is due to the fact that packers are the most common and most widely used completion equipment. Although they are less expensive and reasonable as compared to other equipment, the large number of units used tends to raise its market size in terms of value.

Well Completion Equipment Market Share: By Region

In terms of regions, North America is estimated to lead the well completion equipment market during the forecast period. The region shows the tremendous increase in production of oil and gas in the offshore regions of the USA. Asia-Pacific is also gradually developing and expanding its well completion equipment facilities. Europe also plans to expand the services in countries, such as the UK, France, Germany, and Norway. Increasing demand for well completion equipment has been observed in Africa and the Middle East also.

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Market Scope & Segmentation

Well completion equipment entails completion as a process in which the well is drilled and prepared for further production of oil and gas. It injects and drills the well to the required depth and ensures optimum production.

Well completion equipment are the equipment which bring oil to the finishing stage for testing post which, commercial production commences.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The well completion equipment market is segmented into the following categories. 

Well Completion Equipment Market Size, Share, & Forecast, by Application Type:

• Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Well Completion Equipment Market Size, Share, & Forecast, by Variety Type:

• Packers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sand Control Tools (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Multistage Fracturing Tools (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Liner Hangers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Smart Wells (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Well Completion Equipment Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the well completion equipment market are-

• Baker Hughes, Inc.
• FTS International
• Halliburton Company
• Nabors Industries Ltd.
• NCS Multistage
• Nine Energy Services
• National Oilwell Varco, Inc.
• Packers Plus Energy Services, Inc.
• RPC Incorporated
• Schlumberger Ltd.
• Superior Energy Services
• Trican Well Service Ltd.
• Weatherford International Plc
• Welltec.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the variety types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.