Market Insights
Intelligent Completion Market is likely to witness an impressive CAGR of 6.4% during the forecast period. Major factors that are driving the market are an increase in oil & gas well production along with improved economical and operational benefits.
Intelligent Completion Market - Snapshot
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Growth
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6.4% for the next five years
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Major Application Type
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Offshore application
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Dominant Component Type
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Hardware
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Region with the highest demand
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Europe
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Key Players
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Schlumberger Limited, Weatherford International, Halliburton Company, National Oilwell Varco Corporation, Packers Plus Energy Services, Inc., Omega Well Intervention Ltd., and Vantage Energy Inc.
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Market Share Analysis

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Intelligent Completion Market Share: By Application Type
Based on the application type, the market is segmented as onshore and offshore. The offshore application segment is expected to have a higher growth during the forecast period, owing to the growth in deep-water and ultra-deep-water drilling activities.
Intelligent Completion Market Share: By Component Type
Based on the component type, the market is segmented as hardware and software. The hardware segment dominated the market and is expected to grow at a higher CAGR during the forecast period as it comprises critical components, such as control devices, monitoring devices, progressing units, and communication network, among others.
Regional Analysis
In terms of regions, Europe is expected to be the largest market for intelligent completion during the forecast period. An increase in oil & gas activities to meet the growing energy requirement along with the availability of several mature oilfields in the North Sea are the major factors behind the dominance of Europe in the intelligent completion market. North America and Asia-Pacific are the other two major markets with substantial growth opportunities.

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Key Players
Some of the major players in the intelligent completion market are-
- Schlumberger Limited
- Weatherford International
- Halliburton Company
- National Oilwell Varco Corporation
- Packers Plus Energy Services, Inc.
- Omega Well Intervention Ltd.
- Vantage Energy Inc.
Market Scope & segmentation
Intelligent Completion is a system through which remote controlling and monitoring of good inflow are carried on. Using this system, the controlling and managing process can be conducted well without any physical intervention.
Intelligent Completion is applied on onshore as well as offshore areas. Downhole monitoring, downhole control, surface control, and communication are the functions of the intelligent completion system.
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.
Intelligent Completion Market Report - Features
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Market Segmentation
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5
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>150
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Company Profiles
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8
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The intelligent completion market is segmented into the following categories.
Intelligent Completion 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)
Intelligent Completion Market Size, Share & Forecast, by Component Type:
- Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Intelligent Completion Market Size, Share & Forecast, by Type:
- Simple Intelligent Well Completion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Complex Intelligent Well Completion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Intelligent Completion Market Size, Share & Forecast, by Function Type:
- Downhole Monitoring System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Downhole Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Surface Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Communication System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Intelligent Completion 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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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 1,000 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 component 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.