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    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Intelligent Completion Market | Covid-19 Impact Analysis

    Intelligent Completion Market | Covid-19 Impact Analysis

    Intelligent Completion Market | Covid-19 Impact Analysis
    Report code - SROG123 Delivery - 2 Weeks
    Intelligent Completion Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Intelligent Completion Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Intelligent Completion Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Intelligent Completion 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 increase in oil & gas well production along with the improved economical and operational benefits.  

    Intelligent Completion Market - Snapshot

    Growth

    6.4% for the next five years

    Major Application Type

    Offshore application

    Dominant Component Type

    Hardware

    Region with the highest demand

    Europe

    Key Players

    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

    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.

    Intelligent Completion Market Share: By Region

    In terms of regions, Europe is expected to be the largest market for intelligent completion during the forecast period. 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.

    Intelligent Completion Market: 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., and Vantage Energy Inc.

     

    Market Scope & segmentation

    Intelligent Completion is a system through which remote controlling and monitoring of well inflow is carried on. Using this system, the controlling and managing process can be conducted well without any physical intervention.

    Intelligent Completion is application 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

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    8

     

    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)

     

    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 [email protected]


    General Frequently Asked Questions (FAQs)

    What is Intelligent Completion?

    Intelligent Completion is a system through which remote controlling and monitoring of well inflow is carried on. Using this system, the controlling and managing process can be conducted well without any physical intervention. Intelligent Completion is application on onshore as well as offshore areas. Downhole monitoring, downhole control, surface control, and communication are the functions of the intelligent completion system.

    What will be the CAGR of the Intelligent Completion Market?

    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 increase in oil & gas well production along with the improved economical and operational benefits.

    Which country/region is expected to remain the largest Intelligent Completion Market?

    In terms of regions, Europe is expected to be the largest market for intelligent completion during the forecast period.

    Who are the key players in the Intelligent Completion Market?

    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., and Vantage Energy Inc.

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