Quick Summary:
In this dynamic era of business, staying ahead of industry trends is of utmost importance for strategic decision-making. This is why we present our comprehensive report on the Global Well Completion Equipment Market, a must-have resource for senior executives who value informed strategies. With an estimated value of US$11.2 Billion in 2022, the market is projected to reach US$15.8 Billion by 2030—an upswing driven by potent factors dissected in our report.
Dive into this study to gain insights into segments like Packers and Sand Control Tools, their projected growth rates, and contribution to the overall market expansion. We also compare the market performance across the globe, examining powerhouses like the U.S., China, as well as emerging players. Additionally, digest key data about competitors, their market shares, and how they compare to others. Enjoy a bonus access to our digital archives and a year of complimentary updates as well. Be informed, be strategic, with our in-depth market analysis.
Global Well Completion Equipment Market to Reach $15.8 Billion by 2030
The global market for Well Completion Equipment estimated at US$11.2 Billion in the year 2022, is projected to reach a revised size of US$15.8 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030. Packers, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sand Control Tools segment is readjusted to a revised 4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 7.1% CAGR
The Well Completion Equipment market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.Select Competitors (Total 44 Featured) -
- Baker Hughes, Inc.
- Halliburton
- National Oilwell Varco, Inc.
- Schlumberger Ltd.
- Weatherly International plc
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Well Completion Equipment?
What is the growth rate of the Global Market for Well Completion Equipment?
What is the forecasted size of the Global Market for Well Completion Equipment?
Who are the key companies in the Global Market for Well Completion Equipment?
| Report Attribute | Details |
|---|---|
| No. of Pages | 293 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 11.2 Billion |
| Forecasted Market Value ( USD | $ 15.8 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Baker Hughes, Inc.
- Halliburton
- National Oilwell Varco, Inc.
- Schlumberger Ltd.
- Weatherly International plc
