The intelligent completion market is projected to grow at a CAGR of 6.05%, from 2018 to 2023
The onshore segment is expected to be the largest growing market in the intelligent completion market during the forecast period
The onshore segment accounted for the fastest growing segment by application in intelligent completion during the forecasted period. The cost incurred in the oil & gas activities such as drilling and well completion is less in onshore when compared to offshore applications. The increasing production activities from onshore are likely to boost the intelligent completion market during the forecast period. The countries which have no offshore reserves are conducting enhanced oil recovery that has increased the demand for intelligent completion for the onshore segment.
Middle East: The fastest growing market for intelligent completion market
The Middle East is projected to grow at the highest CAGR during the forecast period. Saudi Arabia accounted for the largest share of the intelligent completion market in the Middle East in 2017. The market growth in this region is driven by investments in the power generation and the oil & gas sector. The region has abundant reserves of hydrocarbons and is one of the leading petroleum-producing regions in the world. It is the primary exporter of oil & gas globally, primarily to Asian countries such as China and India.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 36%, Tier 2- 40%, and Tier 3- 24%
- By Designation: C-Level- 25%, Managers- 35%, and Others- 40%
- By Region: North America- 25%, Europe- 15%, Asia Pacific- 20%, Middle East- 30%, and RoW- 10%
The leading players in the intelligent completion market include Schlumberger (US), Halliburton (US), BHGE (US), Weatherford (US), and National Oilwell Varco (US).
Research Coverage:
The report defines, describes, and forecasts the global intelligent completion market by type, component, function, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the intelligent completion market.
Why Buy this Report?
1. The report identifies and addresses key drivers for intelligent completion market, which would help manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
What is the estimated value of the Intelligent Completion Market?
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| Report Attribute | Details |
|---|---|
| No. of Pages | 127 |
| Published | August 2018 |
| Forecast Period | 2018 - 2023 |
| Estimated Market Value ( USD | $ 1.61 billion |
| Forecasted Market Value ( USD | $ 2.16 billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Limitations
2.5 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Intelligent Completion Market, 2018–2023
4.2 Intelligent Completion Market, By Countries, 2018 & 2023
4.3 Intelligent Completion Market, By Application, 2018 & 2023
4.4 Intelligent Completion Market, By Component, 2018 & 2023
4.5 Intelligent Completion Market, By Type, 2018 & 2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus on the Increasing Production From Oil & Gas Wells
5.2.1.2 Improved Economic and Operational Benefits
5.2.2 Restraints
5.2.2.1 High Initial Cost Coupled With Lack of Data Processing Infrastructure in the Oil & Gas Rigs
5.2.3 Opportunities
5.2.3.1 Exploration Activities in Offshore and Arctic Regions
5.2.3.2 Increased Adoption of Data-Driven Technologies for Real-Time Monitoring in the Oil & Gas Industry
5.2.4 Challenges
5.2.4.1 Concerns Regarding Data Privacy and Increased Cybersecurity Risks
6 Intelligent Completion Market, By Application
6.1 Introduction
6.2 Onshore
6.3 Offshore
7 Intelligent Completion Market, By Component
7.1 Introduction
7.2 Hardware
7.3 Software
8 Intelligent Completion Market, By Type
8.1 Introduction
8.2 Simple Intelligent Well Completion
8.3 Complex Intelligent Well Completion
9 Intelligent Completion Market, By Function
9.1 Introduction
9.2 Downhole Monitoring System
9.3 Downhole Control System
9.4 Surface Control System
9.5 Communication System
10 Intelligent Completion Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Application
10.2.2 By Component
10.2.3 By Type
10.2.4 By Country
10.2.4.1 China
10.2.4.2 Malaysia
10.2.4.3 Indonesia
10.2.4.4 Rest of Asia Pacific
10.3 North America
10.3.1 By Application
10.3.2 By Component
10.3.3 By Type
10.3.4 By Country
10.3.4.1 US
10.3.4.2 Canada
10.3.4.3 Mexico
10.4 Europe
10.4.1 By Application
10.4.2 By Component
10.4.3 By Type
10.4.4 By Country
10.4.4.1 Norway
10.4.4.2 Russia
10.4.4.3 UK
10.4.4.4 Rest of Europe
10.5 Middle East
10.5.1 By Component
10.5.2 By Application
10.5.3 By Type
10.5.4 By Country
10.5.4.1 Saudi Arabia
10.5.4.2 UAE
10.5.4.3 Kuwait
10.5.4.4 Oman
10.5.4.5 Rest of the Middle East
10.6 Africa
10.6.1 By Application
10.6.2 By Component
10.6.3 By Type
10.6.4 By Country
10.6.4.1 Angola
10.6.4.2 Nigeria
10.6.4.3 Rest of Africa
10.7 South America
10.7.1 By Application
10.7.2 By Component
10.7.3 By Type
10.7.4 By Country
10.7.4.1 Brazil
10.7.4.2 Argentina
10.7.4.3 Rest of South America
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking of Players and Industry Concentration, 2017
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Mergers & Acquisitions
11.3.4 Expansion
11.3.5 Partnership & Collaboration
12 Company Profile
12.1 Benchmarking
12.2 Schlumberger
12.3 Weatherford
12.4 Bhge
12.5 Halliburton
12.6 National Oilwell Varco
12.7 Ouro Negro
12.8 Packers Plus Energy Services
12.9 Omega Well Intervention Ltd.
12.10 Ciscon Nigeria
12.11 Praxis
12.12 Vantage Energy
12.13 Tendeka
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (66 Tables)
Table 1 Intelligent Completion Market Snapshot
Table 2 Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 3 Onshore: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 4 Offshore: Intelligent Completion Tor Market Size, By Region, 2016–2023 (USD Million)
Table 5 Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 6 Hardware: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 7 Software: Intelligent Completion Tor Market Size, By Region, 2016–2023 (USD Million)
Table 8 Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 9 Simple Intelligent Well Completion: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 10 Complex Intelligent Well Completion: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 11 Intelligent Completion Market Size, By Function, 2016–2023 (USD Million)
Table 12 Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 13 Top 5 Intelligent Completion Largest Market Size, By Country, 2016–2023 (USD Million)
Table 14 Top 5 Intelligent Completion Fastest Market, By Country, 2016–2023 (USD Million)
Table 15 Top 5 Intelligent Completion Largest Market Size, By Offshore, 2016–2023 (USD Million)
Table 16 Asia Pacific: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 17 Asia Pacific: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 18 Asia Pacific: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 19 Asia Pacific: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 20 China: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 21 Malaysia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 22 Indonesia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 23 Rest of Asia Pacific: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 24 North America: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 25 North America: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 26 North America: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 27 North America: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 28 US: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 29 Canada: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 30 Mexico: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 31 Europe: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 32 Europe: Intelligent Market Size, By Component, 2016–2023 (USD Million)
Table 33 Europe: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 34 Europe: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 35 Norway: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 36 Russia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 37 UK: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 38 Rest of Europe: Intelligent Completion Market Size, By End-User, 2016–2023 (USD Million)
Table 39 Middle East: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 40 Middle East: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 41 Middle East: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 42 Middle East: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 43 Saudi Arabia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 44 UAE: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 45 Kuwait: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 46 Oman: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 47 Rest of the Middle East: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 48 Africa: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 49 Africa: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 50 Africa: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 51 Africa: Intelligent Completion Market Size, By Country, 2016–2023 (USD Billion)
Table 52 Angola: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 53 Nigeria: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 54 Rest of Africa: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 55 South America: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 56 South America: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 57 South America: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 58 South America: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 59 Brazil: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 60 Argentina: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 61 Rest of South America: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 62 Contracts & Agreements, 2017
Table 63 New Product Launches, 2014–2017
Table 64 Mergers & Acquisitions, 2014–2017
Table 65 Mergers & Acquisitions, 2014–2017
Table 66 Mergers & Acquisitions, 2014–2017
List of Figures (32 Figures)
Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 European Market Dominated the Intelligent Completion Market in 2017
Figure 7 Onshore Segment is Expected to Lead the Intelligent Completion Market, By Application, During the Forecast Period
Figure 8 Hardware Segment is Expected to Lead the Intelligent Completion Market, By Component, During the Forecast Period
Figure 9 Simple Intelligent Well Completion Segment is Expected to Lead the Intelligent Completion Market, By Type, During the Forecast Period
Figure 10 Increasing Production of Oil & Gas From Wells is Expected to Drive the Intelligent Completion Market During the Forecast Period
Figure 11 Saudi Arabia is Expected to Hold the Fastest Growing Market During the Forecast Period
Figure 12 The Onshore Segment is Expected to Have Largest Market Share During the Forecast Period
Figure 13 Hardware Segment is Expected to Lead the Intelligent Completion Market During the Forecast Period
Figure 14 Simple Intelligent Well Completion Segment is Expected to Lead the Intelligent Completion Market During the Forecast Period
Figure 15 Market Dynamics: Intelligent Completions Market
Figure 16 Increase in Production With the Application of Intelligent Completions, 2012–2016
Figure 17 World Crude Oil Annual Production, 2016–2019
Figure 18 World Crude Oil Annual Production vs Consumption, 2011–2016
Figure 19 Global Offshore Investments, 2011–2022 (USD Billion)
Figure 20 Onshore Segment Accounted for the Largest Market Share in 2017
Figure 21 Hardware Segment Accounted for the Largest Market Share in 2017
Figure 22 The Single Intelligent Completion Type Accounted for the Largest Market Share in 2017
Figure 23 Europe is the Largest Market (By Value) During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Key Developments in the Intelligent Completion Market, 2014–2017
Figure 27 Schlumberger Lead the Market for Intelligent Completion in 2017
Figure 28 Schlumberger: Company Snapshot
Figure 29 Weatherford: Company Snapshot
Figure 30 Bhge: Company Snapshot
Figure 31 Halliburton: Company Snapshot
Figure 32 National Oilwell Varco: Company Snapshot
Executive Summary
Companies Mentioned
- Benchmarking
- Bhge
- Ciscon Nigeria
- Halliburton
- National Oilwell Varco
- Omega Well Intervention Ltd.
- Ouro Negro
- Packers Plus Energy Services
- Praxis
- Schlumberger
- Tendeka
- Vantage Energy
- Weatherford
