Well Completion Equipment and Service Market Scope, Growth, Size and Share by 2031
Well Completion Equipment and Service Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 9,089.58 Million |
Market Size by 2031 | US$ 14,101.42 Million |
Global CAGR (2023 - 2031) | 5.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Offerings
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Well Completion Equipment and Service Market News and Recent Developments
The well completion equipment and service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the well completion equipment and service market are listed below:
- Baker Hughes secured a contract from Petrobras to initiate well construction services in the giant Buzios pre-salt field in the Santos basin offshore Brazil. (Source: Baker Hughes, Press Release, February 2024)
- Halliburton Company and Nabors Industries announced an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate on their technologies, including the Halliburton Well Construction 4.0 digital surface and subsurface drilling technologies, the LOGIX Autonomous Drilling Platform, and the Nabors SmartROS universal rig controls and automation platform and RigCLOUD high-performance digital infrastructure platform. (Source: Halliburton Company, Press Release, June 2023)
Well Completion Equipment and Service Market Report Coverage and Deliverables
The “Well Completion Equipment and Service Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Well completion equipment and service market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Well completion equipment and service market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Well completion equipment and service market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the well completion equipment and service market
- Detailed company profiles