Increasing developments for unconventional and offshore oil reserves, increased exploration and production activities coupled with growing energy demands worldwide are the key factors driving the growth of the completion equipment market. However, growing environmental concerns and rise in seismic activities are the factors hampering the growth of the market. Furthermore, dwindling number of new oil rigs in the U.S. is a key restraining factor. The inclination towards deep water drilling and growing explorations of new production sites in the arctic region offer huge growth opportunities to the completion equipment and services market. Currently low oil prices having geopolitical consequences along with issues related to high pressure and high temperature (HPHT) completion equipment are major market challenge that need to be overcome by key market players to grow in the market.
The report segments the world completion equipment and services market on the basis of types, application and geography. On the basis of types, the market is segmented into packers, multi-stage fracturing tools, sand control tools, smart wells, liner hangers, safety valves, among others. Based on applications, the market is segmented into onshore and offshore. The offshore market is further segmented into various regions such as North America, South America, AsiaPacific, Europe, Middle East, and Africa.
Key market players profiled in this report include Baker Hughes, Superior Energy Services, Halliburton, Schlumberger, and Weatherford International Inc..
KEY BENEFITS FOR STAKEHOLDERS:
The report provides a comprehensive analysis of current & future market trends and emerging avenues for the growth of the market across the globe.
The report offers an overview of changing market dynamics in terms of regional and global perspectives of buying behavior of completion equipment and services.
The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis.
This report entails the detailed quantitative analysis of the current market and estimations through 2014 and 2020, which assists in identifying the prevailing market opportunities.
The report analyses the top impacting factors in detail and offers adoption rate analysis of the market on the basis of different segment across different countries.
Comprehensive coverage of product approvals and pipeline products is offered in the report.
The report offers strategic analysis of financial status of key market players, and highlights market share of key segments along with their SWOT.
The report offers information on the status of new projects along with offering investment feasibility analysis of the same.
COMPLETION EQUIPMENT AND SERVICES MARKET KEY SEGMENTS:
Completion Equipment and Services Market By Type
Packers
Sand Control Tools
Multi-Stage Fracturing Tools
Liner Hangers
Smart Wells
Safety Valves
Others
Completion Equipment and Services Market By Application
Onshore
Offshore
North America
South America
AsiaPacific
Europe
Middle East
Africa
Completion Equipment and Services Market By Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
Australia
Indonesia
India
Rest of Asia-Pacific
Europe
Russia
Norway
U.K.
Rest of Europe
South America
Argentina
Venezuela
Brazil 98
Rest of South America
Africa
Angola
Egypt
Nigeria
Libya
Rest of Africa
The Middle East
Oman
Saudi Arabia
UAE
Qatar
Rest of The Middle East
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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