The report “Downhole Tools Market by Tool Type (Flow & Pressure Control, Drilling, Impurity Control, Downhole Control, and Handling), Application (Drilling, Completion, Well Intervention, Formation & Evaluation, and Oil & Gas Production) & by Region - Global Trends & Forecast to 2019”, defines and segments the global downhole tools market with analysis and forecast of the market size.
Downhole tools market is expected to grow from an estimated USD 3.53 Billion in 2014 to USD 4.49 Billion by 2020, at a CAGR of 4.9% from 2014 to 2019. The increase in exploration activities for shale and other resources, especially in the North American region, followed by South & Central America and Asia-Pacific have led to a widespread need for downhole tools. However, the current oil price decline has impacted the downhole tools market growth. By 2018, oil price is anticipated to reach $80 a barrel, delayed and cancelled projects are likely to resume and push the market growth.

Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=156563592

Well Intervention: Largest market segment
Market is sub-segmented by application into well intervention, well completion, well drilling, Oil & gas production and formation and evaluation. Downhole tools market for Well intervention application held the largest share in 2014 driven by the demand from large number of matured wells across the globe. Some of the downhole tools used in well intervention process includes fishing tools, tubing tools, wireline tools and others.
Drilling Tools Held Major Share in Downhole Tools Market
Downhole tools are also segmented on the basis of tools application type into flow & pressure control tools, drilling tools, impurity control tools, downhole control tools and handling tools. Drilling tools held the largest share within the global market driven by the increasing drilling activities worldwide. The rise in unconventional drilling methods and explorations in deep waters have also pushed the demand for more robust drilling tools. Flow & pressure control tools are the second largest market and is expected to grow at a highest CAGR during the forecast period.

Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=156563592

North America will continue to be the global leader in downhole tools market by value for the next five years
North America leads the global downhole tools market owing to drilling activities and shale exploration activities in the U.S. and Gulf of Mexico region. Asia-Pacific stood at the second position in terms of market size, followed by the Middle East and Europe. However, the sharp decline in the oil prices slowed the market growth for downhole tools all over.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the downhole tools market include Schlumberger (U.S.), Halliburton (U.S.), Saint Gobain (France), Baker Hughes (U.S.), and Weatherford International (Ireland), and others.
The scope accordingly aids market participants to identify high growth markets and help managing key investment decisions. For this report, major players in the downhole tools market have been identified using various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing people. Based on this research, the market shares have been evaluated and validated.

Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=156563592

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Email: [email protected]