Market Overview:
The global completion equipment 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 increasing adoption of horizontal drilling and hydraulic fracturing techniques is also contributing to the growth of this market. The global completion equipment market can be segmented on the basis of type, application, and region. On the basis of type,the market can be divided into casings, cementing materials & equipment, perforating guns, gravel packing and wellheads. The casings segment is expected to dominatethe global completion equipmentmarket owingto its wide applicability in various drilling applications such as hydrofracking, horizontal drillingand gravel packing etcetera .
Product Definition:
Completion equipment is used to complete the drilling of a well and to prepare it for production. This includes the installation of surface facilities, such as pipelines and tanks, and the installation of downhole equipment, such as pumps and valves. The importance of completion equipment is that it allows a well to be brought into production quickly and safely.
Casings:
Casings are the tubes that are made of plastic or metal that hold the drill string in position. Casings can be internal or external depending on the application. Internal casing is when the drill string is inserted into a hollow stem (the bit) and an auger forms inside it, this type of casing has many advantages over external casings such as less weight, less friction and more efficient drilling due to better circulation around the bit which increases speed.
Cementing Materials & Equipment:
Cementing materials and equipment are used in the oil & gas industry to provide a stable base for drilling operations. The market is expected to grow at a significant rate owing to increasing investments by E&P companies in deep water, ultra-deepwater, and shale gas reserves. Cementing materials & equipment include cement pouches, cement mats, casing collars/packaging material etc., which are used during the exploration process of oil & gas.
Application Insights:
Hydrofracking dominated the global completion equipment market in 2017, accounting for over 45% of the total revenue. The technique is used to extract oil and gas from unconventional reservoirs, including shale and tight rocks. It has been gaining popularity due to its ability to extract fossil fuels from low-permeability rock formations.
The horizontal drilling segment is expected to expand at a CAGR of XX% over the forecast period owing to its ability provide higher efficiency in terms of lower operational costs as well as reduced environmental impact compared with conventional vertical drilling techniques such as deep-hole completions or perforating guns method for hydraulic fracturing operations.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas companies that are actively engaged in hydrocarbon exploration and production. The region is expected to maintain its dominance over the forecast period, with major share being attributed to U.S., which accounted for more than 75% of total demand in North America.
The Middle East & Africa is anticipated to witness significant growth over the forecast period owing to increasing investments by various oilfield service companies for drilling new wells and completion operations on existing wells, thereby boosting production capacity within this region.
Asia Pacific market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in upstream oil and gas sector
- Technological advancements in completion equipment industry
- Stringent environmental regulations for emissions control
- Growing shale gas production
Scope Of The Report
Report Attributes
Report Details
Report Title
Completion Equipment Market Research Report
By Type
Casings, Cementing Materials & Equipment, Perforating Guns, Gravel Packing, Wellheads
By Application
Hydrofracking, Horizontal Drilling, Gravel Packing, Tight and Unconventional Reservoirs Installation
By Companies
Schlumberger, Halliburton, GE(Baker Hughes), Weatherford, Schlumberger
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Completion Equipment Market Report Segments:
The global Completion Equipment market is segmented on the basis of:
Types
Casings, Cementing Materials & Equipment, Perforating Guns, Gravel Packing, Wellheads
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
Hydrofracking, Horizontal Drilling, Gravel Packing, Tight and Unconventional Reservoirs Installation
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:
- Schlumberger
- Halliburton
- GE(Baker Hughes)
- Weatherford
- Schlumberger
Highlights of The Completion Equipment 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:
- Casings
- Cementing Materials & Equipment
- Perforating Guns
- Gravel Packing
- Wellheads
- By Application:
- Hydrofracking
- Horizontal Drilling
- Gravel Packing
- Tight and Unconventional Reservoirs Installation
- 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 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.
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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 is a term used in the construction industry to describe any piece of equipment that is used to complete a project. This can include things like drills, saws, hammers, and other tools.
Some of the major companies in the completion equipment market are Schlumberger, Halliburton, GE(Baker Hughes), Weatherford, Schlumberger.
The completion equipment 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 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 Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Completion Equipment 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 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 Market Size & Forecast, 2020-2028 4.5.1 Completion Equipment Market Size and Y-o-Y Growth 4.5.2 Completion Equipment 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 Casings
5.2.2 Cementing Materials & Equipment
5.2.3 Perforating Guns
5.2.4 Gravel Packing
5.2.5 Wellheads
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 Hydrofracking
6.2.2 Horizontal Drilling
6.2.3 Gravel Packing
6.2.4 Tight and Unconventional Reservoirs Installation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Completion Equipment 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 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 Casings
9.6.2 Cementing Materials & Equipment
9.6.3 Perforating Guns
9.6.4 Gravel Packing
9.6.5 Wellheads
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 Hydrofracking
9.10.2 Horizontal Drilling
9.10.3 Gravel Packing
9.10.4 Tight and Unconventional Reservoirs Installation
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 Casings
10.6.2 Cementing Materials & Equipment
10.6.3 Perforating Guns
10.6.4 Gravel Packing
10.6.5 Wellheads
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 Hydrofracking
10.10.2 Horizontal Drilling
10.10.3 Gravel Packing
10.10.4 Tight and Unconventional Reservoirs Installation
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 Casings
11.6.2 Cementing Materials & Equipment
11.6.3 Perforating Guns
11.6.4 Gravel Packing
11.6.5 Wellheads
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 Hydrofracking
11.10.2 Horizontal Drilling
11.10.3 Gravel Packing
11.10.4 Tight and Unconventional Reservoirs Installation
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 Casings
12.6.2 Cementing Materials & Equipment
12.6.3 Perforating Guns
12.6.4 Gravel Packing
12.6.5 Wellheads
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 Hydrofracking
12.10.2 Horizontal Drilling
12.10.3 Gravel Packing
12.10.4 Tight and Unconventional Reservoirs Installation
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 Casings
13.6.2 Cementing Materials & Equipment
13.6.3 Perforating Guns
13.6.4 Gravel Packing
13.6.5 Wellheads
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 Hydrofracking
13.10.2 Horizontal Drilling
13.10.3 Gravel Packing
13.10.4 Tight and Unconventional Reservoirs Installation
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 Market: Competitive Dashboard
14.2 Global Completion Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Halliburton
14.3.3 GE(Baker Hughes)
14.3.4 Weatherford
14.3.5 Schlumberger