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Downhole Tools - Global Market Trajectory & Analytics

  • ID: 4804765
  • Report
  • July 2020
  • Region: Global
  • 189 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • BAKER HUGHES
  • BILCO TOOLS, INC.
  • EXCALIBRE DOWNHOLE TOOLS
  • HALLIBURTON
  • MOOG
  • NATIONAL OILWELL VARCO
  • MORE
Global Downhole Tools Market to Reach US$5.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Downhole Tools estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027.Flow & Pressure Control, one of the segments analyzed in the report, is projected to grow at a 4.3% CAGR to reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Drilling segment is readjusted to a revised 3.4% CAGR for the next 7-year period. This segment currently accounts for a 57.7% share of the global Downhole Tools market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.3% CAGR for the Period of 2020-2027

The Downhole Tools market in the U. S. is estimated at US$1.1 Billion in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.1 Billion in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR while Rest of European market (as defined in the study) will reach US$1.1 Billion by the year 2027.

Impurity Control Segment Corners a 3.9% Share in 2020

In the global Impurity Control segment, USA, Canada, Japan, China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$121 Million in the year 2020 will reach a projected size of US$139.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$720.7 Million by the year 2027, while Latin America will expand at a 2.9% CAGR through the analysis period. The publisher brings years of research experience to this 8th edition of our report. The 189-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Anton Oilfield Services Ltd.
  • Baker Hughes, a GE company
  • Bilco Tools, Inc.
  • Excalibre Downhole Tools Ltd.
  • Halliburton
  • Moog, Inc.
  • National Oilwell Varco, Inc.
  • Oil States International, Inc.
  • Schlumberger Ltd.
  • Schoeller-Bleckmann Oilfield Equipment AG
  • United Drilling Tools Ltd.
  • Weatherford International Ltd.
  • Wenzel Downhole Tools Ltd.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • BAKER HUGHES
  • BILCO TOOLS, INC.
  • EXCALIBRE DOWNHOLE TOOLS
  • HALLIBURTON
  • MOOG
  • NATIONAL OILWELL VARCO
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Downhole Tools Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

Downhole Tools: A Prelude

Major Markets for Downhole Tools

Key Market Players.

Product Overview

Product Definition & Types

Application of Downhole Tools

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

High Performance Downhole Tools Gather Demand

Artificial Intelligence Attracts Attention from Oil Companies

Industry Seeks Advancements in Sensor Technology

Rise in Drilling Activities Across the Globe Spurs Demadn for Downhole Tools

AI Adoption on Rise in Oil And Gas Industry

Factors Driving Growth in the Downhole Tools Market

Industry Moves towards Digital Technologies

Oil and Gas Inventories Worldwide: 2008-2020 (In Million Barrels)

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Downhole Tools Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Downhole Tools Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Downhole Tools Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Flow & Pressure Control (Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Flow & Pressure Control (Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Flow & Pressure Control (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Drilling (Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Drilling (Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Drilling (Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Impurity Control (Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Impurity Control (Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Impurity Control (Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Downhole Control (Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Downhole Control (Segment) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Downhole Control (Segment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Handling Tool (Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 17: Handling Tool (Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 18: Handling Tool (Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Downhole Tools Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 19: United States Downhole Tools Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
TABLE 20: Downhole Tools Market in the United States by Segment: A Historic Review in US$ Million for 2012-2019
TABLE 21: United States Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

CANADA

TABLE 22: Canadian Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
TABLE 23: Canadian Downhole Tools Historic Market Review by Segment in US$ Million: 2012-2019
TABLE 24: Downhole Tools Market in Canada: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027

JAPAN

TABLE 25: Japanese Market for Downhole Tools: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
TABLE 26: Downhole Tools Market in Japan: Historic Sales Analysis in US$ Million by Segment for the Period 2012-2019
TABLE 27: Japanese Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

CHINA

TABLE 28: Chinese Downhole Tools Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
TABLE 29: Downhole Tools Historic Market Analysis in China in US$ Million by Segment: 2012-2019
TABLE 30: Chinese Downhole Tools Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Downhole Tools Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 31: European Downhole Tools Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 32: Downhole Tools Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 33: European Downhole Tools Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
TABLE 35: Downhole Tools Market in Europe in US$ Million by Segment: A Historic Review for the Period 2012-2019
TABLE 36: European Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

FRANCE

TABLE 37: Downhole Tools Market in France by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 38: French Downhole Tools Historic Market Scenario in US$ Million by Segment: 2012-2019
TABLE 39: French Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

GERMANY

TABLE 40: Downhole Tools Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 41: German Downhole Tools Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 42: German Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

ITALY

TABLE 43: Italian Downhole Tools Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
TABLE 44: Downhole Tools Historic Market Analysis in Italy in US$ Million by Segment: 2012-2019
TABLE 45: Italian Downhole Tools Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 46: United Kingdom Market for Downhole Tools: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
TABLE 47: Downhole Tools Market in the United Kingdom: Historic Sales Analysis in US$ Million by Segment for the Period 2012-2019
TABLE 48: United Kingdom Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

SPAIN

TABLE 49: Spanish Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
TABLE 50: Spanish Downhole Tools Historic Market Review by Segment in US$ Million: 2012-2019
TABLE 51: Downhole Tools Market in Spain: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027

RUSSIA

TABLE 52: Russian Downhole Tools Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
TABLE 53: Downhole Tools Market in Russia by Segment: A Historic Review in US$ Million for 2012-2019
TABLE 54: Russian Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 55: Rest of Europe Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
TABLE 56: Downhole Tools Market in Rest of Europe in US$ Million by Segment: A Historic Review for the Period 2012-2019
TABLE 57: Rest of Europe Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 58: Asia-Pacific Downhole Tools Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 59: Downhole Tools Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific Downhole Tools Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: Downhole Tools Market in Asia-Pacific by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 62: Asia-Pacific Downhole Tools Historic Market Scenario in US$ Million by Segment: 2012-2019
TABLE 63: Asia-Pacific Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 64: Downhole Tools Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 65: Australian Downhole Tools Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 66: Australian Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

INDIA

TABLE 67: Indian Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
TABLE 68: Indian Downhole Tools Historic Market Review by Segment in US$ Million: 2012-2019
TABLE 69: Downhole Tools Market in India: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027

SOUTH KOREA

TABLE 70: Downhole Tools Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 71: South Korean Downhole Tools Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 72: Downhole Tools Market Share Distribution in South Korea by Segment: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 73: Rest of Asia-Pacific Market for Downhole Tools: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
TABLE 74: Downhole Tools Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Segment for the Period 2012-2019
TABLE 75: Rest of Asia-Pacific Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 76: Latin American Downhole Tools Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 77: Downhole Tools Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American Downhole Tools Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Downhole Tools Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
TABLE 80: Downhole Tools Historic Market Analysis in Latin America in US$ Million by Segment: 2012-2019
TABLE 81: Latin American Downhole Tools Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 82: Argentinean Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
TABLE 83: Downhole Tools Market in Argentina in US$ Million by Segment: A Historic Review for the Period 2012-2019
TABLE 84: Argentinean Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

BRAZIL

TABLE 85: Downhole Tools Market in Brazil by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 86: Brazilian Downhole Tools Historic Market Scenario in US$ Million by Segment: 2012-2019
TABLE 87: Brazilian Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

MEXICO

TABLE 88: Downhole Tools Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 89: Mexican Downhole Tools Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 90: Mexican Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 91: Rest of Latin America Downhole Tools Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
TABLE 92: Downhole Tools Market in Rest of Latin America by Segment: A Historic Review in US$ Million for 2012-2019
TABLE 93: Rest of Latin America Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 94: The Middle East Downhole Tools Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 95: Downhole Tools Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 96: The Middle East Downhole Tools Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
TABLE 98: The Middle East Downhole Tools Historic Market by Segment in US$ Million: 2012-2019
TABLE 99: Downhole Tools Market in the Middle East: Percentage Share Breakdown of Sales by Segment for 2012,2020, and 2027

IRAN

TABLE 100: Iranian Market for Downhole Tools: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
TABLE 101: Downhole Tools Market in Iran: Historic Sales Analysis in US$ Million by Segment for the Period 2012-2019
TABLE 102: Iranian Downhole Tools Market Share Analysis by Segment: 2012 VS 2020 VS 2027

ISRAEL

TABLE 103: Israeli Downhole Tools Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
TABLE 104: Downhole Tools Market in Israel in US$ Million by Segment: A Historic Review for the Period 2012-2019
TABLE 105: Israeli Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 106: Saudi Arabian Downhole Tools Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
TABLE 107: Downhole Tools Historic Market Analysis in Saudi Arabia in US$ Million by Segment: 2012-2019
TABLE 108: Saudi Arabian Downhole Tools Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 109: Downhole Tools Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 110: United Arab Emirates Downhole Tools Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 111: Downhole Tools Market Share Distribution in United Arab Emirates by Segment: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 112: Downhole Tools Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 113: Rest of Middle East Downhole Tools Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 114: Rest of Middle East Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

AFRICA

TABLE 115: African Downhole Tools Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
TABLE 116: Downhole Tools Market in Africa by Segment: A Historic Review in US$ Million for 2012-2019
TABLE 117: African Downhole Tools Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

Ongoing Demand for Technologically Advanced Tools is Driving the Downhole Tools Market.

North America - Oil & Gas Scenario

United States is one of the Largest Markets for Downhole Drilling Tools.

IV. COMPETITION

Total Companies Profiled: 42

Note: Product cover images may vary from those shown
3 of 3
  • ANTON OILFIELD SERVICES LTD.
  • BAKER HUGHES
  • BILCO TOOLS, INC.
  • EXCALIBRE DOWNHOLE TOOLS
  • HALLIBURTON
  • MOOG
  • NATIONAL OILWELL VARCO
  • OIL STATES INTERNATIONAL
  • SCHLUMBERGER
  • SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG
  • UNITED DRILLING
Note: Product cover images may vary from those shown
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