Market Overview:
The global intelligent completion market is expected to grow from USD 1.02 Billion in 2018 to USD 2.06 Billion by 2030, at a CAGR of 8.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe and rising investments in oil and gas exploration and production activities. Based on type, the global intelligent completion market is segmented into downhole monitoring system, surface control system, downhole control system, communication system, and others. The downhole monitoring system segment is expected to hold the largest share of the global intelligent completion market during the forecast period.
Product Definition:
Intelligent Completion is a feature in many text editors that predicts words or phrases that can be completed based on the context of the text. Intelligent completion is often used to speed up typing by providing a list of potential completions for the user to choose from.
Downhole Monitoring System:
The global downhole monitoring system (DMS) market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing E&P activities globally along with growing demand for efficient production management tools are anticipated to drive the growth of this industry over the forecast period.
Surface Control System:
The surface control system is a tool that allows the user to create, edit and remove completion rules. It also provides an interface where users can manage their existing rules as well as add new ones. The system has been designed in such a way that it helps in reducing the time taken for performing various tasks related to completion configurations by eliminating repetitive workflows.
Intelligent Completion is an application development technology which was initially developed for ATM switches.
Application Insights:
Onshore application dominated the global intelligent completion market in terms of revenue share in 2017. The growth can be attributed to factors such as increasing onshore exploration activities, growing demand for oil & gas from developed economies and stable production levels across major economies. Furthermore, technological advancements coupled with rising R&D investments are expected to boost the segment growth over the forecast period.
The offshore application is anticipated to witness significant growth over the forecast period owing to increased offshore exploration activities by various companies including BP, StatoilHydro, Repsol YPF among others. Technological advancements have played a crucial role in reducing costs associated with drilling operations thereby driving its adoption across various projects globally.
Regional Analysis:
North America dominated the global intelligent completion market in terms of revenue share in 2016. The region is expected to continue its dominance over the forecast period owing to factors such as technological advancements, high penetration of advanced drilling fluids and muds, and increasing offshore drilling activities. Moreover, rising shale gas exploration activities are also anticipated to drive growth over the next eight years.
Asia Pacific is estimated to be the fastest-growing regional market from 2017 to 2030 due both verticals (downhole & surface) and horizontal (onshore & offshore) aspects of intelligent completions technology across emerging economies such as China, India, Indonesia etcetera). Factors such as growing demand for energy resources along with rapid economic development are driving industry growth across this region.
Growth Factors:
- Increasing demand for intelligent completion in upstream oil and gas industry to improve production efficiency
- Rising number of mature fields across the globe requiring intelligent completion for improved production
- Growing investments in oil and gas sector by major exploration and production companies
- Proliferation of digital technologies that are enabling better data analytics for improving decision making in completions operations
- Emergence of new service providers with innovative solutions for intelligent completion
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Completion Market Research Report
By Type
Downhole Monitoring System, Surface Control System, Downhole Control System, Communication System
By Application
Onshore, Offshore
By Companies
Schlumberger, Weatherford, Halliburton, Bhge, Ouro Negro, National Oilwell Varco, Vantage Energy, Ciscon Nigeria, Packers Plus Energy Services, Omega Well Intervention, Praxis, Tendeka
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Completion Market Report Segments:
The global Intelligent Completion market is segmented on the basis of:
Types
Downhole Monitoring System, Surface Control System, Downhole Control System, Communication System
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:
- Schlumberger
- Weatherford
- Halliburton
- Bhge
- Ouro Negro
- National Oilwell Varco
- Vantage Energy
- Ciscon Nigeria
- Packers Plus Energy Services
- Omega Well Intervention
- Praxis
- Tendeka
Highlights of The Intelligent Completion 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:
- Downhole Monitoring System
- Surface Control System
- Downhole Control System
- Communication System
- 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 Intelligent Completion 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Intelligent Completion is a feature of Microsoft Office that helps you complete tasks by providing suggestions from a database of commonly used words and phrases.
Some of the major players in the intelligent completion market are Schlumberger, Weatherford, Halliburton, Bhge, Ouro Negro, National Oilwell Varco, Vantage Energy, Ciscon Nigeria, Packers Plus Energy Services, Omega Well Intervention, Praxis, Tendeka.
The intelligent completion market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intelligent Completion Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Intelligent Completion Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Intelligent Completion Market - Supply Chain
4.5. Global Intelligent Completion Market Forecast
4.5.1. Intelligent Completion Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Intelligent Completion Market Size (000 Units) and Y-o-Y Growth
4.5.3. Intelligent Completion Market Absolute $ Opportunity
5. Global Intelligent Completion Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Intelligent Completion Market Size and Volume Forecast by Type
5.3.1. Downhole Monitoring System
5.3.2. Surface Control System
5.3.3. Downhole Control System
5.3.4. Communication System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Intelligent Completion Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Intelligent Completion Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Intelligent Completion Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Intelligent Completion Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Intelligent Completion Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Intelligent Completion Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Intelligent Completion Demand Share Forecast, 2019-2026
9. North America Intelligent Completion Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Intelligent Completion Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Intelligent Completion Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Intelligent Completion Market Size and Volume Forecast by Type
9.7.1. Downhole Monitoring System
9.7.2. Surface Control System
9.7.3. Downhole Control System
9.7.4. Communication System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Intelligent Completion Demand Share Forecast, 2019-2026
10. Latin America Intelligent Completion Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Intelligent Completion Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Intelligent Completion Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Intelligent Completion Market Size and Volume Forecast by Type
10.7.1. Downhole Monitoring System
10.7.2. Surface Control System
10.7.3. Downhole Control System
10.7.4. Communication System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Intelligent Completion Demand Share Forecast, 2019-2026
11. Europe Intelligent Completion Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Intelligent Completion Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Intelligent Completion Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Intelligent Completion Market Size and Volume Forecast by Type
11.7.1. Downhole Monitoring System
11.7.2. Surface Control System
11.7.3. Downhole Control System
11.7.4. Communication System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Intelligent Completion Demand Share, 2019-2026
12. Asia Pacific Intelligent Completion Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Intelligent Completion Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Intelligent Completion Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Intelligent Completion Market Size and Volume Forecast by Type
12.7.1. Downhole Monitoring System
12.7.2. Surface Control System
12.7.3. Downhole Control System
12.7.4. Communication System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Intelligent Completion Demand Share, 2019-2026
13. Middle East & Africa Intelligent Completion Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Intelligent Completion Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Intelligent Completion Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Intelligent Completion Market Size and Volume Forecast by Type
13.7.1. Downhole Monitoring System
13.7.2. Surface Control System
13.7.3. Downhole Control System
13.7.4. Communication System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Intelligent Completion Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Intelligent Completion Market: Market Share Analysis
14.2. Intelligent Completion Distributors and Customers
14.3. Intelligent Completion Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Weatherford
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Halliburton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bhge
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ouro Negro
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. National Oilwell Varco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vantage Energy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ciscon Nigeria
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Packers Plus Energy Services
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Omega Well Intervention
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Praxis
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tendeka
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
