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Global Downhole Tools Market 2022-2026

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    Report

  • 120 Pages
  • April 2022
  • Region: Global
  • TechNavio
  • ID: 5234935
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The publisher has been monitoring the downhole tools market and it is poised to grow by $11.38 bn during 2022-2026, accelerating at a CAGR of 5.5% during the forecast period. The report on the downhole tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising in unconventional oil and gas resources, the growing popularity of offshore field operations, and the discovery of new oilfields and refineries.

The downhole tools market analysis includes application segment and geographic landscape.

The downhole tools market is segmented as below:


By Application

  • Drilling
  • Well intervention
  • Completion

By Geographical Landscape

  • North America
  • The Middle East and Africa
  • Europe
  • APAC
  • South America

This study identifies the new-generation automated drilling rigs as one of the prime reasons driving the downhole tools market growth during the next few years. Also, the introduction of laser drilling and the rise in deep and ultra-deepwater drilling projects will lead to sizable demand in the market.

The report on the downhole tools market covers the following areas:

  • Downhole tools market sizing
  • Downhole tools market forecast
  • Downhole tools market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading downhole tools market vendors that include Aker Solutions ASA, AKITA Drilling Ltd., American Oilfield Tools Inc., Archer Ltd., Baker Hughes Co., Dril Quip Inc., General Electric Co., Halliburton Co., Hunting Plc, Innovex, NexTier Oilfield Solutions Inc., Nine Energy Service Inc., NOV Inc., Schlumberger Ltd., Schoeller Bleckmann Oilfield Equipment AG, Superior Energy Services Inc., Tasman Oil Tools Ltd., The Weir Group Plc, Tryton Tool Services, and Weatherford International Plc. Also, the downhole tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1. Executive Summary
1.1 Market Overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2. Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market characteristics
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Drilling - Market size and forecast 2021-2026
Exhibit 28: Chart on Drilling - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Drilling - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Drilling - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Drilling - Year-over-year growth 2021-2026 (%)
5.4 Well intervention - Market size and forecast 2021-2026
Exhibit 32: Chart on Well intervention - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Well intervention - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Well intervention - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Well intervention - Year-over-year growth 2021-2026 (%)
5.5 Completion - Market size and forecast 2021-2026
Exhibit 36: Chart on Completion - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Data Table on Completion - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Chart on Completion - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Completion - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Application
Exhibit 40: Market opportunity by Application ($ billion)
6. Customer landscape
6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.6 North America - Market size and forecast 2021-2026
Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.5 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.3 APAC - Market size and forecast 2021-2026
Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Europe - Market size and forecast 2021-2026
Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 Saudi Arabia - Market size and forecast 2021-2026
Exhibit 70: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
7.10 China - Market size and forecast 2021-2026
Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
7.11 Russia - Market size and forecast 2021-2026
Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
7.12 Brazil - Market size and forecast 2021-2026
Exhibit 82: Chart on Brazil - Market size and forecast 2021-2026 ($ billion)
Exhibit 83: Data Table on Brazil - Market size and forecast 2021-2026 ($ billion)
Exhibit 84: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 86: Market opportunity By Geographical Landscape ($ billion)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rise in unconventional oil and gas resources
8.1.2 Growing popularity of offshore field operations
8.1.3 Discovery of new oilfields and refineries
8.2 Market challenges
8.2.1 Volatility in crude oil prices
8.2.2 Increasing investments in renewable energy
8.2.3 Environmental risks and strict government regulations
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 New-generation automated drilling rigs
8.4.2 Introduction of laser drilling
8.4.3 Rise in deep and ultra-deepwater drilling projects
9. Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 89: Overview on factors of disruption
9.4 Industry risks
Exhibit 90: Impact of key risks on business
10. Vendor Analysis
10.1 Vendors covered
Exhibit 91: Vendors covered
10.2 Market positioning of vendors
Exhibit 92: Matrix on vendor position and classification
10.3 Archer Ltd.
Exhibit 93: Archer Ltd. - Overview
Exhibit 94: Archer Ltd. - Business segments
Exhibit 95: Archer Ltd. - Key offerings
Exhibit 96: Archer Ltd. - Segment focus
10.4 Baker Hughes Co.
Exhibit 97: Baker Hughes Co. - Overview
Exhibit 98: Baker Hughes Co. - Business segments
Exhibit 99: Baker Hughes Co. - Key news
Exhibit 100: Baker Hughes Co. - Key offerings
Exhibit 101: Baker Hughes Co. - Segment focus
10.5 Dril Quip Inc.
Exhibit 102: Dril Quip Inc. - Overview
Exhibit 103: Dril Quip Inc. - Business segments
Exhibit 104: Dril Quip Inc. - Key offerings
Exhibit 105: Dril Quip Inc. - Segment focus
10.6 General Electric Co.
Exhibit 106: General Electric Co. - Overview
Exhibit 107: General Electric Co. - Business segments
Exhibit 108: General Electric Co. - Key news
Exhibit 109: General Electric Co. - Key offerings
Exhibit 110: General Electric Co. - Segment focus
10.7 Halliburton Co.
Exhibit 111: Halliburton Co. - Overview
Exhibit 112: Halliburton Co. - Product/Service
Exhibit 113: Halliburton Co. - Key news
Exhibit 114: Halliburton Co. - Key offerings
10.8 NOV Inc.
Exhibit 115: NOV Inc. - Overview
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Application - Market share 2021-2026 (%)
Exhibits 25: Data Table on Application - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Application
Exhibits 27: Data Table on Comparison by Application
Exhibits 28: Chart on Drilling - Market size and forecast 2021-2026 ($ billion)
Exhibits 29: Data Table on Drilling - Market size and forecast 2021-2026 ($ billion)
Exhibits 30: Chart on Drilling - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Drilling - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Well intervention - Market size and forecast 2021-2026 ($ billion)
Exhibits 33: Data Table on Well intervention - Market size and forecast 2021-2026 ($ billion)
Exhibits 34: Chart on Well intervention - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Well intervention - Year-over-year growth 2021-2026 (%)
Exhibits 36: Chart on Completion - Market size and forecast 2021-2026 ($ billion)
Exhibits 37: Data Table on Completion - Market size and forecast 2021-2026 ($ billion)
Exhibits 38: Chart on Completion - Year-over-year growth 2021-2026 (%)
Exhibits 39: Data Table on Completion - Year-over-year growth 2021-2026 (%)
Exhibits 40: Market opportunity by Application ($ billion)
Exhibits 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 44: Chart on Geographic comparison
Exhibits 45: Data Table on Geographic comparison
Exhibits 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibits 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibits 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibits 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibits 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibits 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibits 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 59: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibits 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibits 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibits 71: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibits 72: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibits 79: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibits 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 82: Chart on Brazil - Market size and forecast 2021-2026 ($ billion)
Exhibits 83: Data Table on Brazil - Market size and forecast 2021-2026 ($ billion)
Exhibits 84: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibits 85: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
Exhibits 86: Market opportunity By Geographical Landscape ($ billion)
Exhibits 87: Impact of drivers and challenges in 2021 and 2026
Exhibits 88: Overview on Criticality of inputs and Factors of differentiation
Exhibits 89: Overview on factors of disruption
Exhibits 90: Impact of key risks on business
Exhibits 91: Vendors covered
Exhibits 92: Matrix on vendor position and classification
Exhibits 93: Archer Ltd. - Overview
Exhibits 94: Archer Ltd. - Business segments
Exhibits 95: Archer Ltd. - Key offerings
Exhibits 96: Archer Ltd. - Segment focus
Exhibits 97: Baker Hughes Co. - Overview
Exhibits 98: Baker Hughes Co. - Business segments
Exhibits 99: Baker Hughes Co. - Key news
Exhibits 100: Baker Hughes Co. - Key offerings
Exhibits 101: Baker Hughes Co. - Segment focus
Exhibits 102: Dril Quip Inc. - Overview
Exhibits 103: Dril Quip Inc. - Business segments
Exhibits 104: Dril Quip Inc. - Key offerings
Exhibits 105: Dril Quip Inc. - Segment focus
Exhibits 106: General Electric Co. - Overview
Exhibits 107: General Electric Co. - Business segments
Exhibits 108: General Electric Co. - Key news
Exhibits 109: General Electric Co. - Key offerings
Exhibits 110: General Electric Co. - Segment focus
Exhibits 111: Halliburton Co. - Overview
Exhibits 112: Halliburton Co. - Product/Service
Exhibits 113: Halliburton Co. - Key news
Exhibits 114: Halliburton Co. - Key offerings
Exhibits 115: NOV Inc. - Overview
Exhibits 116: NOV Inc. - Business segments
Exhibits 117: NOV Inc. - Key news
Exhibits 118: NOV Inc. - Key offerings
Exhibits 119: NOV Inc. - Segment focus
Exhibits 120: Schlumberger Ltd. - Overview
Exhibits 121: Schlumberger Ltd. - Business segments
Exhibits 122: Schlumberger Ltd. - Key offerings
Exhibits 123: Schlumberger Ltd. - Segment focus
Exhibits 124: Schoeller Bleckmann Oilfield Equipment AG - Overview
Exhibits 125: Schoeller Bleckmann Oilfield Equipment AG - Business segments
Exhibits 126: Schoeller Bleckmann Oilfield Equipment AG - Key offerings
Exhibits 127: Schoeller Bleckmann Oilfield Equipment AG - Segment focus
Exhibits 128: Superior Energy Services Inc. - Overview
Exhibits 129: Superior Energy Services Inc. - Business segments
Exhibits 130: Superior Energy Services Inc. - Key offerings
Exhibits 131: Superior Energy Services Inc. - Segment focus
Exhibits 132: Weatherford International Plc - Overview
Exhibits 133: Weatherford International Plc - Business segments
Exhibits 134: Weatherford International Plc - Key offerings
Exhibits 135: Weatherford International Plc - Segment focus
Exhibits 136: Inclusions checklist
Exhibits 137: Exclusions checklist
Exhibits 138: Currency conversion rates for US$
Exhibits 139: Research methodology
Exhibits 140: Validation techniques employed for market sizing
Exhibits 141: Information sources
Exhibits 142: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global downhole tools market: Aker Solutions ASA, AKITA Drilling Ltd., American Oilfield Tools Inc., Archer Ltd., Baker Hughes Co., Dril Quip Inc., General Electric Co., Halliburton Co., Hunting Plc, Innovex, NexTier Oilfield Solutions Inc., Nine Energy Service Inc., NOV Inc., Schlumberger Ltd., Schoeller Bleckmann Oilfield Equipment AG, Superior Energy Services Inc., Tasman Oil Tools Ltd., The Weir Group Plc, Tryton Tool Services, and Weatherford International Plc.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is new-generation automated drilling rigs."

According to the report, one of the major drivers for this market is the rise in unconventional oil and gas resources.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aker Solutions ASA
  • AKITA Drilling Ltd.
  • American Oilfield Tools Inc.
  • Archer Ltd.
  • Baker Hughes Co.
  • Dril Quip Inc.
  • General Electric Co.
  • Halliburton Co.
  • Hunting Plc
  • Innovex
  • NexTier Oilfield Solutions Inc.
  • Nine Energy Service Inc.
  • NOV Inc.
  • Schlumberger Ltd.
  • Schoeller Bleckmann Oilfield Equipment AG
  • Superior Energy Services Inc.
  • Tasman Oil Tools Ltd.
  • The Weir Group Plc
  • Tryton Tool Services
  • Weatherford International Plc