Market Overview:
The global completion equipment and services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increase in exploration and production activities is also fueling the growth of this market. The global completion equipment and services market by type is segmented into packers, sand control tools, multi-stage fracturing tools, liner hangers, smart wells, safety valves, and others. The packers segment dominates this market owing to their wide usage in various applications such as well completions & interventions; hydraulic fracturing; perforating; gravel packing & sand control; wireline logging operations; coiled tubing drilling operations etc. Onshore application dominates this market followed by offshore application owing to increased exploration and production activities in onshore regions across the globe.
Product Definition:
Completion equipment and services are used to complete the installation of a well. This includes setting the final production casing, installing the tubing and downhole equipment, perforating the production zone, and cleaning up any debris from the drilling process. Completion services also include testing the well for production and providing ongoing support for producing wells.
Packers:
Packers, also called as packagers, are specialized movers that are employed for the transportation of liquid bulk and solid bulk materials. They have a wide scope of application in industries such as oil & gas, chemicals & petrochemicals and power generation. The global market is expected to witness significant growth on account of rising demand from various end-use industries including chemical processing, food & beverage processing and power generation among others.
Sand Control Tools:
Sand control tools are used to monitor and control the sand movement in the construction site. It is a mechanical device that helps in monitoring and controlling sand movement through various components such as gates, valves, screens, nozzles or funnels. The tool is widely used by road builders for maintaining proper flow of sand on account of its ability to restrict Sandia (fine silica) penetration into downstream equipment & services including pipes and cement trucks.
Application Insights:
Onshore application dominated the global completion equipment and services market in 2017, accounting for over 75% of the total revenue. The growth can be attributed to increasing onshore exploration activities across various regions, such as North America and Europe. Furthermore, growing demand for oil & gas from emerging economies such as China and India is expected to drive the segment further.
The offshore application segment is anticipated to witness significant growth over the forecast period owing to rising demand from countries including Brazil, Norway, Russia Federation and Saudi Arabia among others. These countries are focusing on deepwater exploration activities due to high potential reserves beneath their territorial waters which has resulted in an increased requirement of completion equipment and services worldwide.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the most developed country, has a well-established oil and gas industry, which is expected to positively impact regional growth over the forecast period.
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing demand for onshore completion equipment and services from emerging economies such as India and China along with other countries such as Indonesia, Vietnam, Philippines etc.
Furthermore; rising number of unconventional reserves across several Asian countries including China.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in upstream oil and gas sector
- Technological advancements in completion equipment and services market
- Stringent environmental regulations for drilling activities
- Growing shale gas exploration and production
Scope Of The Report
Report Attributes
Report Details
Report Title
Completion Equipment and Services Market Research Report
By Type
Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, Others
By Application
Onshore, Offshore
By Companies
Baker Hughes (GE), Superior Energy Services, Halliburton, Schlumberger, Weatherford, Baker Hughes (GE)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Completion Equipment and Services Market Report Segments:
The global Completion Equipment and Services market is segmented on the basis of:
Types
Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baker Hughes (GE)
- Superior Energy Services
- Halliburton
- Schlumberger
- Weatherford
- Baker Hughes (GE)
Highlights of The Completion Equipment and Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Packers
- Sand Control Tools
- Multi-Stage Fracturing Tools
- Liner Hangers
- Smart Wells
- Safety Valves
- Others
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Completion Equipment and Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Completion Equipment and Services is a company that provides equipment and services for the construction industry. The company offers a variety of products, including scaffolding, ladders, and other construction tools.
Some of the major players in the completion equipment and services market are Baker Hughes (GE), Superior Energy Services, Halliburton, Schlumberger, Weatherford, Baker Hughes (GE).
The completion equipment and services market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Completion Equipment and Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Completion Equipment and Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Completion Equipment and Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Completion Equipment and Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Completion Equipment and Services Market Size & Forecast, 2020-2028
4.5.1 Completion Equipment and Services Market Size and Y-o-Y Growth
4.5.2 Completion Equipment and Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Packers
5.2.2 Sand Control Tools
5.2.3 Multi-Stage Fracturing Tools
5.2.4 Liner Hangers
5.2.5 Smart Wells
5.2.6 Safety Valves
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Completion Equipment and Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Completion Equipment and Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Packers
9.6.2 Sand Control Tools
9.6.3 Multi-Stage Fracturing Tools
9.6.4 Liner Hangers
9.6.5 Smart Wells
9.6.6 Safety Valves
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Packers
10.6.2 Sand Control Tools
10.6.3 Multi-Stage Fracturing Tools
10.6.4 Liner Hangers
10.6.5 Smart Wells
10.6.6 Safety Valves
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Packers
11.6.2 Sand Control Tools
11.6.3 Multi-Stage Fracturing Tools
11.6.4 Liner Hangers
11.6.5 Smart Wells
11.6.6 Safety Valves
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Packers
12.6.2 Sand Control Tools
12.6.3 Multi-Stage Fracturing Tools
12.6.4 Liner Hangers
12.6.5 Smart Wells
12.6.6 Safety Valves
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Packers
13.6.2 Sand Control Tools
13.6.3 Multi-Stage Fracturing Tools
13.6.4 Liner Hangers
13.6.5 Smart Wells
13.6.6 Safety Valves
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Completion Equipment and Services Market: Competitive Dashboard
14.2 Global Completion Equipment and Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baker Hughes (GE)
14.3.2 Superior Energy Services
14.3.3 Halliburton
14.3.4 Schlumberger
14.3.5 Weatherford
14.3.6 Baker Hughes (GE)
