The well completion equipment and service market was valued at US$ 8,509.96 million in 2021 and is projected to reach US$ 11,335.47 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028
Rise in demand for oil & gas exploration across the world and increase in demand for natural gas in past few years, owing to the rising consumption of energy worldwide and the surging number of gas rig exploration which will drive the growth of the market. In addition, new offshore oil well projects have been launched across different regions that are also propelling the demand for well completion equipment & services across countries. According to the study, there were more than 14,000 oil & gas well completions reported in FY 2019. Moreover, industrial revolution 4.0 in the oil & gas industry has propelled the adoption of smart well technologies and well completion equipment across oil rigs worldwide, which is driving the market growth. The intelligent well completion system also helps boost the oil production and overall operational efficiency to 50% and more (if retained successfully). The adoption of smart well technologies has become a popular trend among well rig vendors provides different advantages such as an increase in production rates, time and cost savings, a decrease in water injections, and monitoring of the whole production operations, along with real-time updates to the connected monitor or devices. So, the automation in well technologies is one of the major factors bolstering the growth of the well completion Equipment and Service market across the world.
Impact of COVID-19 Pandemic on Well Completion Equipment and Service Market
The sudden outbreak of the COVID-19 has extended depressed demand, uncertainty, and additional spending reductions by the entire oil & gas industry. The COVID-19 epidemic has a number of implications for the oil and gas sector in the region. Oil and gas power-generating facilities have reduced activities, such as shutting down construction, operations, and maintenance projects at several locations, after the imposition of multiple "stay at home" orders by state governors around the world. In the energy industry, these quarantine measures and shutdowns are causing furloughs and layoffs of technical, construction, and manufacturing personnel, as well as project demobilizations in many cases. As a result, many oil wells are struggling to keep up with maintenance and operations. Furthermore, the COVID-19 pandemic has made it difficult for oil and gas producers to get project finance or equity capital. As a result, the COVID-19 pandemic had a detrimental influence on the North American well completion equipment and services industry. But the production of the industrial equipment is anticipated to gain pace from 2021 which is further foreseen to positively influence the industrial equipment manufacturing including well completion equipment and services
Market Insights– Well Completion Equipment and Service Market
Rise in Demand for Oil & Gas Exploration Worldwide
In the past decades, there has been a rapid increase in demand for energy worldwide. It has led to the exploration of a greater number of oil & gas wells across different regions worldwide. An increase in living standards and a rise in the global population have led to a significant increase in the consumption of energy such as oil & gas, renewable energy, and nuclear energy. Moreover, the demand for natural gas is expected to drive the need for gas exploration globally during the next forecast period as most of the countries are shifting their focus on reducing carbon emissions and increasing their reliance on fossil fuels. Rising consumption of energy worldwide and the surging number of gas rig exploration are positively impacting the demand for well completion services & equipment across different gas rig locations, thereby driving the market globally.
Offering-Based Insights
Based on offerings, the well completion market is bifurcated into equipment and services. The services segment held a larger market share in 2021.
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Well Completion Equipment and Service Market: Strategic Insights
Market Size Value in US$ 8,509.96 million in 2021 Market Size Value by US$ 11,335.47 million by 2028 Growth rate CAGR of 4.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Well Completion Equipment and Service Market: Strategic Insights
| Market Size Value in | US$ 8,509.96 million in 2021 |
| Market Size Value by | US$ 11,335.47 million by 2028 |
| Growth rate | CAGR of 4.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Players operating in the well completion market are mainly focused on the development of advanced and efficient products.
- In January 2021, Shell Petroleum Development Company completed its sale of interest in Oil Mining Lease 17 to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc.
- In April 2021, Halliburton Company (NYSE: HAL) today introduced the Ovidius™ expanding isolation system, Ovidius expanding isolation system, a new packer that transforms from an engineered metal alloy to a rock-like material when it reacts with downhole fluids, creating a long-lasting seal for improved well integrity.
The well completion market has been segmented as follows:
Well Completion Equipment and Service Market – by Offerings
- Equipment
- Services
Well Completion Equipment and Service Market – by Location
- On-Shore
- Off-Shore
Well Completion Equipment and Service Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Thailand
- Rest of APAC
Middle East and Africa
- South Africa
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of SAM
Well Completion Equipment and Service Market – Company Profiles
- Baker Hughes Company
- FTS International
- Halliburton Company
- NOV Inc.
- NSC Multistage LLC
- Royal Dutch Shell Plc
- RPC Incorporated
- Schlumberger Limited
- Nine Energy Service, Inc
- Welltec
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offerings, and Location
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
In the past decades, there has been a rapid increase in demand for energy worldwide. It has led to the exploration of a greater number of oil & gas wells across different regions worldwide. An increase in living standards and a rise in the global population have led to a significant increase in the consumption of energy such as oil & gas, renewable energy, and nuclear energy. Moreover, the demand for natural gas is expected to drive the need for gas exploration globally during the next forecast period as most of the countries are shifting their focus on reducing carbon emissions and increasing their reliance on fossil fuels.
Furthermore, the increase in demand for well completion services from the United States in after the first quarters of FY 2021 owing to increase in production rate is driving the market growth. In addition, new offshore oil well projects have been launched across different regions that are also propelling the demand for well completion equipment & services across those countries. According to the study, there were more than 14,000 oil & gas well completions reported in FY 2019.
In 2020, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is a prospective market for well completion equipment and services manufacturers.
The major companies in well completion equipment and services includes Baker Hughes Company; Halliburton Company; Nov Inc.; Royal Dutch Shell PLC; Schlumberger.
The global well completion equipment and services market was dominated by the onshore segment in 2020, which accounted for 51.9% of market share. Onshore drilling takes place on land rather than in the sea. The rigs are brought in by ground transportation, and many wells are frequently drilled from the same location in close proximity to one another by slightly repositioning the rig. In 2020, there were 843 onshore oil rigs across the globe, offering a lucrative opportunity for the well completion equipments vendors.
The future collaboration of oil & gas service providers can have a positive impact on the market. The collaboration and mergers between the companies can lead to the launch of ventures for new projects in the future. Moreover, the Arctic exploration projects can generate huge opportunities for market vendors during the forecast period. Due to the present global carbon footprints, the Arctic region has witnessed the melting of glaciers in the past few decades, which has generated the awareness to explore the deep side of the Arctic. This can also lead to the discovery of new materials and resources such as petroleum as the region has a wide scope of discovery of fuel. This is expected to generate huge opportunities for market vendors during the forecast period.
The global well completion equipment and services market was dominated by the services segment in 2020, which accounted for 61.9% of market share. Companies are providing clients with specialized services, such as a team of committed and highly competent individuals with decades of experience and deep knowledge in developing business-critical technological solutions. Firm helps solve the most difficult problems on time and on budget while making it appear simple by offering essential insights and innovative ideas. The companies are dedicated to taking responsibility for issues and providing excellent, long-term solutions. As the adoption of solutions by well digging vendors grows, the demand for services from businesses is likely to rise. Enterprises are also using well completion equipment and services to automate, enhance, and manage the well completion for better agility and efficiency. For instance, Frontier Oil Tools is a service company providing an innovative and cost-effective suite of completion systems and services for maximum hydrocarbon recovery.
1. Introduction
1.1 Study of the Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Well Completion Equipment and Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Well Completion Equipment and Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Oil & Gas Exploration Worldwide
5.1.2 Resumption of Shale Gas Operations
5.2 Market Restraints
5.2.1 Downfall in the Oil & Gas Industry in FY 2020
5.3 Market Opportunities
5.3.1 Arctic Exploration Projects and Collaboration of Oil Service Vendors
5.4 Future Trends
5.4.1 Adoption of Smart Well Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Well Completion Equipment and Services – Global Market Analysis
6.1 Global Well Completion Equipment and Services Market Overview
6.2 Global Well Completion Equipment and Services Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Well Completion Equipment and Services Market – By Offerings
7.1 Overview
7.2 Well Completion Equipment and Services Market, By Offerings (2020 and 2028)
7.3 Equipment
7.3.1 Overview
7.3.2 Equipment: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Packers
7.3.3.1 Overview
7.3.3.2 Packers: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Sand Control Tools
7.3.4.1 Overview
7.3.4.2 Sand Control Tools: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Multistage Fracturing Tools
7.3.5.1 Overview
7.3.5.2 Multistage Fracturing Tools: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 Liner Hangers
7.3.6.1 Overview
7.3.6.2 Liner Hangers: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.7 Smart Wells
7.3.7.1 Overview
7.3.7.2 Smart Wells: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.8 Valves
7.3.8.1 Overview
7.3.8.2 Valves: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.9 Control Devices
7.3.9.1 Overview
7.3.9.2 Control Devices: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.10 Others
7.3.10.1 Overview
7.3.10.2 Others: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
8. Well Completion Equipment and Services Market – By Location
8.1 Overview
8.2 Well Completion Equipment and Services Market, by Location (2020 and 2028)
8.3 Onshore
8.3.1 Overview
8.3.2 Onshore: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Offshore
8.4.1 Overview
8.4.2 Offshore: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9. Well Completion Equipment and Services Market – Geographic Analysis
9.1 Overview
9.2 North America: Well Completion Equipment and Services Market
9.2.1 North America: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Well Completion Equipment and Services Market- by Offerings
9.2.3 North America: Well Completion Equipment and Services Market- by Location
9.2.4 North America: Well Completion Equipment and Services Market- by Key Country
9.2.4.1 US: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Well Completion Equipment and Services Market- by Offerings
9.2.4.1.2 US: Well Completion Equipment and Services Market- by Location
9.2.4.2 Canada: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Well Completion Equipment and Services Market- by Offerings
9.2.4.2.2 Canada: Well Completion Equipment and Services Market- by Location
9.2.4.3 Mexico: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Well Completion Equipment and Services Market- by Offerings
9.2.4.3.2 Mexico: Well Completion Equipment and Services Market- by Location
9.3 Europe: Well Completion Equipment and Services Market
9.3.1 Europe: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Well Completion Equipment and Services Market- by Offerings
9.3.3 Europe: Well Completion Equipment and Services Market- by Location
9.3.4 Europe: Well Completion Equipment and Services Market- by Key Country
9.3.4.1 Germany: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Well Completion Equipment and Services Market- by Offerings
9.3.4.1.2 Germany: Well Completion Equipment and Services Market- by Location
9.3.4.2 France: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Well Completion Equipment and Services Market- by Offerings
9.3.4.2.2 France: Well Completion Equipment and Services Market- by Location
9.3.4.3 Italy: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Well Completion Equipment and Services Market- by Offerings
9.3.4.3.2 Italy: Well Completion Equipment and Services Market- by Location
9.3.4.4 UK: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Well Completion Equipment and Services Market- by Offerings
9.3.4.4.2 UK: Well Completion Equipment and Services Market- by Location
9.3.4.5 Russia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Well Completion Equipment and Services Market- by Offerings
9.3.4.5.2 Russia: Well Completion Equipment and Services Market- by Location
9.3.4.6 Rest of Europe: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Well Completion Equipment and Services Market- by Offerings
9.3.4.6.2 Rest of Europe: Well Completion Equipment and Services Market- by Location
9.4 APAC: Well Completion Equipment and Services Market
9.4.1 APAC: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Well Completion Equipment and Services Market- by Offerings
9.4.3 APAC: Well Completion Equipment and Services Market- by Location
9.4.4 APAC: Well Completion Equipment and Services Market- by Key Country
9.4.4.1 Australia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Well Completion Equipment and Services Market- by Offerings
9.4.4.1.2 Australia: Well Completion Equipment and Services Market- by Location
9.4.4.2 China: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Well Completion Equipment and Services Market- by Offerings
9.4.4.2.2 China: Well Completion Equipment and Services Market- by Location
9.4.4.3 India: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Well Completion Equipment and Services Market- by Offerings
9.4.4.3.2 India: Well Completion Equipment and Services Market- by Location
9.4.4.4 Japan: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Well Completion Equipment and Services Market- by Offerings
9.4.4.4.2 Japan: Well Completion Equipment and Services Market- by Location
9.4.4.5 South Korea: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Well Completion Equipment and Services Market- by Offerings
9.4.4.5.2 South Korea: Well Completion Equipment and Services Market- by Location
9.4.4.6 Rest of APAC: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Well Completion Equipment and Services Market- by Offerings
9.4.4.6.2 Rest of APAC: Well Completion Equipment and Services Market- by Location
9.5 MEA: Well Completion Equipment and Services Market
9.5.1 MEA: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Well Completion Equipment and Services Market- by Offerings
9.5.3 MEA: Well Completion Equipment and Services Market- by Location
9.5.4 MEA: Well Completion Equipment and Services Market- by Key Country
9.5.4.1 South Africa: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Well Completion Equipment and Services Market- by Offerings
9.5.4.1.2 South Africa: Well Completion Equipment and Services Market- by Location
9.5.4.2 Saudi Arabia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Well Completion Equipment and Services Market- by Offerings
9.5.4.2.2 Saudi Arabia: Well Completion Equipment and Services Market- by Location
9.5.4.3 UAE: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Well Completion Equipment and Services Market- by Offerings
9.5.4.3.2 UAE: Well Completion Equipment and Services Market- by Location
9.5.4.4 Rest of MEA: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Well Completion Equipment and Services Market- by Offerings
9.5.4.4.2 Rest of MEA: Well Completion Equipment and Services Market- by Location
9.6 SAM: Well Completion Equipment and Services Market
9.6.1 SAM: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Well Completion Equipment and Services Market- by Offerings
9.6.3 SAM: Well Completion Equipment and Services Market- by Location
9.6.4 SAM: Well Completion Equipment and Services Market- by Key Country
9.6.4.1 Brazil: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Well Completion Equipment and Services Market- by Offerings
9.6.4.1.2 Brazil: Well Completion Equipment and Services Market- by Location
9.6.4.2 Argentina: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Well Completion Equipment and Services Market- by Offerings
9.6.4.2.2 Argentina: Well Completion Equipment and Services Market- by Location
9.6.4.3 Rest of SAM: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Well Completion Equipment and Services Market- by Offerings
9.6.4.3.2 Rest of SAM: Well Completion Equipment and Services Market- by Location
10. Well Completion Equipment and Services Market - COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Global Well Completion Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Launch
12. Company Profiles
12.1 Baker Hughes Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 FTS International
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Halliburton Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 NOV Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NSC Multistage LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Royal Dutch Shell Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 RPC Incorporated
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Schlumberger Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nine Energy Service, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Welltec
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global Well Completion Equipment and Services Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Well Completion Equipment and Services Market- by Offerings – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 4. North America: Well Completion Equipment and Services Market- by Location – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Well Completion Equipment and Services Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 7. United States Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 8. US: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 11. Canada: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Well Completion Equipment and Services Market- by Offerings – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 17. Europe: Well Completion Equipment and Services Market- by Location – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Well Completion Equipment and Services Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 21. Germany: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 23. France Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 24. France: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 27. Italy: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 30. UK: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 33. Russia: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 36. Rest of Europe: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Well Completion Equipment and Services Market- by Offerings – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 39. APAC: Well Completion Equipment and Services Market- by Location – Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC: Well Completion Equipment and Services Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 43. Australia: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 45. China Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 46. China: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 48. India Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 49. India: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 52. Japan: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 55. South Korea: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 58. Rest of APAC: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Well Completion Equipment and Services Market- by Offerings– Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 61. MEA: Well Completion Equipment and Services Market- by Location – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Well Completion Equipment and Services Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 65. South Africa: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 68. Saudi Arabia: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 71. UAE: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 74. Rest of MEA: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Well Completion Equipment and Services Market- by Offerings – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 77. SAM: Well Completion Equipment and Services Market- by Location – Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM: Well Completion Equipment and Services Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 81. Brazil: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 84. Argentina: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Well Completion Equipment and Services Market- by Offerings–Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 87. Rest of SAM: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Well Completion Equipment and Services Market Segmentation
Figure 2. Well Completion Equipment and Services Market Segmentation – By Geography
Figure 3. Global Well Completion Equipment and Services Market Overview
Figure 4. Well Completion Equipment and Services Market, by Offerings
Figure 5. Well Completion Equipment and Services Market, by Location
Figure 6. Well Completion Equipment and Services Market, by Geography
Figure 7. North America PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA PEST Analysis
Figure 11. SAM PEST Analysis
Figure 12. Well Completion Equipment and Services Market: Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Well Completion Equipment and Services Market
Figure 14. Global Well Completion Equipment and Services Market Revenue Forecast and Analysis (US$ Million)
Figure 15. Well Completion Equipment and Services Market Revenue Share, by Offerings (2020 and 2028)
Figure 16. Equipment: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Packers: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Sand Control Tools: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Multistage Fracturing Tools: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Liner Hangers: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Smart Wells: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Valves: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Control Devices: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Services: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Well Completion Equipment and Services Market Revenue Share, by Location (2020 and 2028)
Figure 27. Onshore: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Offshore: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Well Completion Equipment and Services Market Revenue Share, By Region (2020 and 2028)
Figure 30. North America: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America: Well Completion Equipment and Services Market Revenue Share, by Offerings (2020 and 2028)
Figure 32. North America: Well Completion Equipment and Services Market Revenue Share, By Location (2020 and 2028)
Figure 33. North America: Well Completion Equipment and Services Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Canada: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Well Completion Equipment and Services Market Revenue Share, By Offerings (2020 and 2028)
Figure 39. Europe: Well Completion Equipment and Services Market Revenue Share, By Location (2020 and 2028)
Figure 40. Europe: Well Completion Equipment and Services Market Revenue Share, By Key Country (2020 and 2028)
Figure 41. Germany: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. France: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Italy: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. UK: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Russia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Rest of Europe: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. APAC: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. APAC: Well Completion Equipment and Services Market Revenue Share, By Offerings (2020 and 2028)
Figure 49. APAC: Well Completion Equipment and Services Market Revenue Share, By Location (2020 and 2028)
Figure 50. APAC: Well Completion Equipment and Services Market Revenue Share, By Key Country (2020 and 2028)
Figure 51. Australia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. China: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. India: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Japan: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. South Korea: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Rest of APAC: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. MEA: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. MEA: Well Completion Equipment and Services Market Revenue Share, By Offerings (2020 and 2028)
Figure 59. MEA: Well Completion Equipment and Services Market Revenue Share, By Location (2020 and 2028)
Figure 60. MEA: Well Completion Equipment and Services Market Revenue Share, By Key Country (2020 and 2028)
Figure 61. South Africa: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Saudi Arabia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. UAE: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Rest of MEA: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. SAM: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. SAM: Well Completion Equipment and Services Market Revenue Share, By Offerings (2020 and 2028)
Figure 67. SAM: Well Completion Equipment and Services Market Revenue Share, By Location (2020 and 2028)
Figure 68. SAM: Well Completion Equipment and Services Market Revenue Share, By Key Country (2020 and 2028)
Figure 69. Brazil: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Argentina: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Rest of SAM: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Impact of COVID-19 Pandemic in North American Country Markets
Figure 73. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 74. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 75. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 76. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Well Completion Equipment and Service Market
- Baker Hughes Company
- FTS International
- Halliburton Company
- Nov Inc.
- NCS Multistage, LLC
- Royal Dutch Shell PLC
- RPC Incorporated
- Schlumberger
- Nine Energy Services
- Welltec
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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