The report "Well Completion Equipment and Services Market by Type (Packers, Sand Control Tools, Multistage Fracturing Tools, Liner Hangers, Smart Wells, Valves & Others), by Application (Onshore & Offshore), & by Region - Global Trends and Forecast to 2021", The well completion equipment & services market is expected to grow from an estimated USD 8.98 Billion in 2016 to USD 11.09 Billion by 2021, at a CAGR of 4.31% from 2016 to 2021. Factors such as refracking of mature oil & gas wells and resuming shale operations are driving the market globally.
Browse 69 market data tables with 47 figures spread through 147 pages and in-depth TOC on "Well Completion Equipment and Services Market "
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=10119998
Onshore is the largest application-based market segment
The well completion equipment & services market in this report has been classified based on application into two segments, namely, onshore and offshore. The onshore well completion equipment & services segment is expected to be higher than the offshore application segment in terms of market share during the forecast period. This is much evident in the North American region due to the shale gas revolution in the U.S. along with increase in the production from the Canadian tar sands. Moreover, the cost incurred in oil & gas activities such as drilling and completion is less in onshore when compared to offshore applications.
Packers would dominate the global well completion equipment & services market
The packers segment holds the largest market size, and is projected to grow at the highest rate during the forecast period. This is because packers are the most common and most widely used completion equipment. Though it costs less when compared to other equipment, the large number of units used tends to increase its market size in terms of value.
Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=10119998
North America is the dominant market for well completion equipment & services
North America dominates the well completion equipment & services market, and Africa is expected to grow at the highest rate during the forecast period. In North America, the growth of the well completion equipment & services market can be attributed to factors such as shale revolution and presence of large drilled but not completed (DUC) wells, particularly in the U.S. Meanwhile, the deepwater discoveries in South America and Africa will increase the demand for well completion equipment & services in these regions.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of companies, namely, Baker Hughes, Inc. (U.S.), FTS International (U.S.), Halliburton Company (U.S.), Nabors Industries Ltd. (Bermuda), NCS Multistage (U.S.), Nine Energy Services (U.S.), National Oilwell Varco, Inc. (U.S.), Packers Plus Energy Services, Inc. (Canada), RPC Incorporated (U.S.), Schlumberger Ltd. (U.S.), Superior Energy Services (U.S.), Trican Well Service Ltd. (Canada), Weatherford International Plc (Ireland), and Welltec (Denmark). Dominant players are trying to penetrate developing economies and are adopting various methods to grab the market share.
For Discussion on above Findings, Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=10119998
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 painpoints 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 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, 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:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]