Completion Equipment and Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Completion equipment and services are essential to complete the drilling process of an oil & gas well so that the production can begin. The completion equipment and services involve various steps, such as well casing, tubing, and installation of well head and lifting equipment for successful gas & oil production.
MARKET DYNAMICS
Increasing developments for unconventional and offshore oil reserves, increased exploration and production activities coupled with growing energy demands globally are driving the growth of the completion equipment and service market. However, growing environmental concerns and rise in seismic activities may restrain the growth of the completion equipment and service market. Furthermore, the inclination towards deep water drilling and growing explorations of new production sites in the arctic region is anticipated to create a market opportunity for the completion equipment and service market during the forecast period.
MARKET SCOPE
The "Global Completion Equipment and Service Market Analysis To 2031" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The completion equipment and service market report aims to provide an overview of the completion equipment and service market with detailed market segmentation by type, application, and geography. The global completion equipment and service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading completion equipment and service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global completion equipment and service market is segmented on the basis of type and application. Based on type, the completion equipment and service market is segmented into: packers, sand control tools, multi-stage fracturing tools, liner hangers, smart wells, safety valves, and others. On the basis of application, the completion equipment and service market is segmented into: onshore and offshore.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global completion equipment and service market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The completion equipment and service market by each region is later sub-segmented by respective countries and segments. The completion equipment and service market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the completion equipment and service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the completion equipment and service market in these regions.
IMPACT OF COVID-19 ON COMPLETION EQUIPMENT AND SERVICE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the completion equipment and service market. The emergence of COVID-19 had a negative impact on the growth of the global completion equipment and service market for a short period. The COVID-19 pandemic is predicted to possess hurdles for oil & gas producers due to disruption in the supply chain and shutting down of manufacturing facilities. The production and transportation of this heavy machinery are hampered due to improper transportation facilities. Thus, the abovementioned factors had negatively impacted the global completion equipment and service market growth in 2021.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global completion equipment and service market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The completion equipment and service market by each region is later sub-segmented by respective countries and segments. The completion equipment and service market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the completion equipment and service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the completion equipment and service market in these regions.
IMPACT OF COVID-19 ON COMPLETION EQUIPMENT AND SERVICE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the completion equipment and service market. The emergence of COVID-19 had a negative impact on the growth of the global completion equipment and service market for a short period. The COVID-19 pandemic is predicted to possess hurdles for oil & gas producers due to disruption in the supply chain and shutting down of manufacturing facilities. The production and transportation of this heavy machinery are hampered due to improper transportation facilities. Thus, the abovementioned factors had negatively impacted the global completion equipment and service market growth in 2021.
MARKET PLAYERS
The reports cover key developments in the completion equipment and service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from completion equipment and service market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the completion equipment and service market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the completion equipment and service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baker Hughes Inc. (GE Company)
- FTS International Inc.
- Halliburton Company
- Nabors Industries Ltd
- National Oilwell Varco Inc.
- NCS Multistage LLC
- Nine Energy Services Inc
- Packers Plus Energy Services Inc.
- Schlumberger Ltd
- Superior Energy Services
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Completion Equipment And Service Market - By Type
1.3.2 Completion Equipment And Service Market - By Application
1.3.3 Completion Equipment And Service Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPLETION EQUIPMENT AND SERVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COMPLETION EQUIPMENT AND SERVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COMPLETION EQUIPMENT AND SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPLETION EQUIPMENT AND SERVICE - GLOBAL MARKET OVERVIEW
6.2. COMPLETION EQUIPMENT AND SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. COMPLETION EQUIPMENT AND SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PACKERS
7.3.1. Overview
7.3.2. Packers Market Forecast and Analysis
7.4. SAND CONTROL TOOLS
7.4.1. Overview
7.4.2. Sand Control Tools Market Forecast and Analysis
7.5. MULTI-STAGE FRACTURING TOOLS
7.5.1. Overview
7.5.2. Multi-Stage Fracturing Tools Market Forecast and Analysis
7.6. LINER HANGERS
7.6.1. Overview
7.6.2. Liner Hangers Market Forecast and Analysis
7.7. SMART WELLS
7.7.1. Overview
7.7.2. Smart Wells Market Forecast and Analysis
7.8. SAFETY VALVES
7.8.1. Overview
7.8.2. Safety Valves Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. COMPLETION EQUIPMENT AND SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ONSHORE
8.3.1. Overview
8.3.2. Onshore Market Forecast and Analysis
8.4. OFFSHORE
8.4.1. Overview
8.4.2. Offshore Market Forecast and Analysis
9. COMPLETION EQUIPMENT AND SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Completion Equipment And Service Market Overview
9.1.2 North America Completion Equipment And Service Market Forecasts and Analysis
9.1.3 North America Completion Equipment And Service Market Forecasts and Analysis - By Type
9.1.4 North America Completion Equipment And Service Market Forecasts and Analysis - By Application
9.1.5 North America Completion Equipment And Service Market Forecasts and Analysis - By Countries
9.1.5.1 United States Completion Equipment And Service Market
9.1.5.1.1 United States Completion Equipment And Service Market by Type
9.1.5.1.2 United States Completion Equipment And Service Market by Application
9.1.5.2 Canada Completion Equipment And Service Market
9.1.5.2.1 Canada Completion Equipment And Service Market by Type
9.1.5.2.2 Canada Completion Equipment And Service Market by Application
9.1.5.3 Mexico Completion Equipment And Service Market
9.1.5.3.1 Mexico Completion Equipment And Service Market by Type
9.1.5.3.2 Mexico Completion Equipment And Service Market by Application
9.2. EUROPE
9.2.1 Europe Completion Equipment And Service Market Overview
9.2.2 Europe Completion Equipment And Service Market Forecasts and Analysis
9.2.3 Europe Completion Equipment And Service Market Forecasts and Analysis - By Type
9.2.4 Europe Completion Equipment And Service Market Forecasts and Analysis - By Application
9.2.5 Europe Completion Equipment And Service Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Completion Equipment And Service Market
9.2.5.1.1 Germany Completion Equipment And Service Market by Type
9.2.5.1.2 Germany Completion Equipment And Service Market by Application
9.2.5.2 France Completion Equipment And Service Market
9.2.5.2.1 France Completion Equipment And Service Market by Type
9.2.5.2.2 France Completion Equipment And Service Market by Application
9.2.5.3 Italy Completion Equipment And Service Market
9.2.5.3.1 Italy Completion Equipment And Service Market by Type
9.2.5.3.2 Italy Completion Equipment And Service Market by Application
9.2.5.4 United Kingdom Completion Equipment And Service Market
9.2.5.4.1 United Kingdom Completion Equipment And Service Market by Type
9.2.5.4.2 United Kingdom Completion Equipment And Service Market by Application
9.2.5.5 Russia Completion Equipment And Service Market
9.2.5.5.1 Russia Completion Equipment And Service Market by Type
9.2.5.5.2 Russia Completion Equipment And Service Market by Application
9.2.5.6 Rest of Europe Completion Equipment And Service Market
9.2.5.6.1 Rest of Europe Completion Equipment And Service Market by Type
9.2.5.6.2 Rest of Europe Completion Equipment And Service Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Completion Equipment And Service Market Overview
9.3.2 Asia-Pacific Completion Equipment And Service Market Forecasts and Analysis
9.3.3 Asia-Pacific Completion Equipment And Service Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Completion Equipment And Service Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Completion Equipment And Service Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Completion Equipment And Service Market
9.3.5.1.1 Australia Completion Equipment And Service Market by Type
9.3.5.1.2 Australia Completion Equipment And Service Market by Application
9.3.5.2 China Completion Equipment And Service Market
9.3.5.2.1 China Completion Equipment And Service Market by Type
9.3.5.2.2 China Completion Equipment And Service Market by Application
9.3.5.3 India Completion Equipment And Service Market
9.3.5.3.1 India Completion Equipment And Service Market by Type
9.3.5.3.2 India Completion Equipment And Service Market by Application
9.3.5.4 Japan Completion Equipment And Service Market
9.3.5.4.1 Japan Completion Equipment And Service Market by Type
9.3.5.4.2 Japan Completion Equipment And Service Market by Application
9.3.5.5 South Korea Completion Equipment And Service Market
9.3.5.5.1 South Korea Completion Equipment And Service Market by Type
9.3.5.5.2 South Korea Completion Equipment And Service Market by Application
9.3.5.6 Rest of Asia-Pacific Completion Equipment And Service Market
9.3.5.6.1 Rest of Asia-Pacific Completion Equipment And Service Market by Type
9.3.5.6.2 Rest of Asia-Pacific Completion Equipment And Service Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Completion Equipment And Service Market Overview
9.4.2 Middle East and Africa Completion Equipment And Service Market Forecasts and Analysis
9.4.3 Middle East and Africa Completion Equipment And Service Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Completion Equipment And Service Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Completion Equipment And Service Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Completion Equipment And Service Market
9.4.5.1.1 South Africa Completion Equipment And Service Market by Type
9.4.5.1.2 South Africa Completion Equipment And Service Market by Application
9.4.5.2 Saudi Arabia Completion Equipment And Service Market
9.4.5.2.1 Saudi Arabia Completion Equipment And Service Market by Type
9.4.5.2.2 Saudi Arabia Completion Equipment And Service Market by Application
9.4.5.3 U.A.E Completion Equipment And Service Market
9.4.5.3.1 U.A.E Completion Equipment And Service Market by Type
9.4.5.3.2 U.A.E Completion Equipment And Service Market by Application
9.4.5.4 Rest of Middle East and Africa Completion Equipment And Service Market
9.4.5.4.1 Rest of Middle East and Africa Completion Equipment And Service Market by Type
9.4.5.4.2 Rest of Middle East and Africa Completion Equipment And Service Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Completion Equipment And Service Market Overview
9.5.2 South and Central America Completion Equipment And Service Market Forecasts and Analysis
9.5.3 South and Central America Completion Equipment And Service Market Forecasts and Analysis - By Type
9.5.4 South and Central America Completion Equipment And Service Market Forecasts and Analysis - By Application
9.5.5 South and Central America Completion Equipment And Service Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Completion Equipment And Service Market
9.5.5.1.1 Brazil Completion Equipment And Service Market by Type
9.5.5.1.2 Brazil Completion Equipment And Service Market by Application
9.5.5.2 Argentina Completion Equipment And Service Market
9.5.5.2.1 Argentina Completion Equipment And Service Market by Type
9.5.5.2.2 Argentina Completion Equipment And Service Market by Application
9.5.5.3 Rest of South and Central America Completion Equipment And Service Market
9.5.5.3.1 Rest of South and Central America Completion Equipment And Service Market by Type
9.5.5.3.2 Rest of South and Central America Completion Equipment And Service Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COMPLETION EQUIPMENT AND SERVICE MARKET, KEY COMPANY PROFILES
11.1. BAKER HUGHES INC. (GE COMPANY)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FTS INTERNATIONAL INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HALLIBURTON COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NABORS INDUSTRIES LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NATIONAL OILWELL VARCO INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NCS MULTISTAGE LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NINE ENERGY SERVICES INC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PACKERS PLUS ENERGY SERVICES INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCHLUMBERGER LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SUPERIOR ENERGY SERVICES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Baker Hughes Inc. (GE Company)
- FTS International Inc.
- Halliburton Company
- Nabors Industries Ltd
- National Oilwell Varco Inc.
- NCS Multistage LLC
- Nine Energy Services Inc
- Packers Plus Energy Services Inc.
- Schlumberger Ltd
- Superior Energy Services
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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