Completion, in petroleum production, is the process of making a well ready for production (or injection). This principally involves preparing the bottom of the hole to the required specifications, running in the production tubing and its associated downhole tools as well as perforating and stimulating as required. Sometimes, the process of running in and cementing the casing is also included.
Well completion equipment industry concentration is relatively high. The largest producer is Baker Hughes, accounting for 23.02% percent market share in value in 2015, followed by Halliburton, Schlumberger, Weatherford International, these four big companies accounting for 71.54% of total market revenue in 2015. The industry competitive landscape is relatively stable.
The well completion equipment market scale is likely to continue to increase in the next few years. Although sales of well completion equipment brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the well completion equipment field abruptly.
According to this study, over the next five years the Well Completion Equipment market will register a 8.5% CAGR in terms of revenue, the global market size will reach US$ 7020 million by 2024, from US$ 4310 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Well Completion Equipment business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Well Completion Equipment market by product type, application, key manufacturers and key regions and countries.
This study considers the Well Completion Equipment value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Traditional Well Completion Equipment
Intelligent Well Completion Equipment
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Onshore Wells
Offshore Wells
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Baker Hughes
Halliburton
Schlumberger
Weatherford International
Welltec
Packers Plus
Delta Oil Tools
Wellcare Oil Tools
Resource Well
Completion Technologies
Omega Completion Technology
OAO Tyazhpressmash
Mansfield Energy
Completion
Technology Resources
TEAM Oil Tools
Trican
Rasson Energy India
SPT Energy Group
Yantai Jereh
Petro-king
COSL
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Well Completion Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Well Completion Equipment market by identifying its various subsegments.
Focuses on the key global Well Completion Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Well Completion Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Well Completion Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Well Completion Equipment . Industry analysis & Market Report on Well Completion Equipment is a syndicated market report, published as Global Well Completion Equipment Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Well Completion Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.