The well completion equipment and services market size has grown strongly in recent years. It will grow from $11.18 billion in 2025 to $11.99 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to onshore oil and gas development, offshore drilling expansion, demand for enhanced recovery, technological progress in completions, energy consumption growth.
The well completion equipment and services market size is expected to see strong growth in the next few years. It will grow to $15.83 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to deepwater exploration growth, unconventional resource development, automation in well operations, production cost optimization, digital oilfield adoption. Major trends in the forecast period include smart well completion systems, advanced sand control technologies, multistage fracturing optimization, digital downhole monitoring, enhanced production efficiency solutions.
The surge in global oil and gas exploration demand is anticipated to drive the growth of the well-completion equipment and services market. Oil and gas exploration involves extracting resources from land and oceans, utilizing sophisticated well-completion equipment in challenging conditions to meet global energy needs. This equipment facilitates machinery installation for crude oil extraction, catering to the escalating demand for oil and gas worldwide. For instance, according to the US Energy Information Administration, the US crude oil output reached 12.4 million b/d in 2023, up from the previous record of 11.7 million b/d in 2022. Moreover, the US witnessed its highest annual natural gas consumption of 86.6 billion cubic feet per day (Bcf/d) in 2022 compared to prior years, signifying increased demand. Consequently, this rise in oil and gas exploration is propelling the growth of the well-completion equipment and services market.
Major companies in the well completion equipment and services sector are developing advanced digital control systems to optimize plunger lift well operations, enhance crude oil production efficiency, and enable real-time monitoring. Digital control systems are next-generation platforms that integrate AI, IoT, and wireless technologies to automate edge device operations and provide high-frequency, one-second monitoring of well behavior, bridging the gap between full-function SCADA controllers and standalone devices. For example, in September 2024, ChampionX Corporation, a U.S.-based oil and gas services company, launched the SMARTEN Unify control system for plunger lift wells. Designed for seamless integration with existing IT and SCADA infrastructure, the system offers turnkey simplicity and low cost of ownership, making advanced digital adoption more accessible for tight-margin operations.
In March 2025, Nabors Industries Ltd., a U.S.-based provider of advanced drilling rigs, drilling automation, and integrated well construction and completion services, acquired Parker Wellbore for $675 million. Through this acquisition, Nabors aimed to expand its global well construction and intervention capabilities, diversify service offerings beyond drilling, and strengthen its position as a full-cycle well delivery provider for oil and gas operators worldwide. Parker Drilling Company is a U.S.-based provider of rental tools, well services, tubular running services, and project management solutions across drilling, completion, production, and abandonment operations.
Major companies operating in the well completion equipment and services market are Halliburton Company, NOV Inc., Schlumberger Limited, Weatherford International PLC, Welltec Inc., NCS Multistage Holdings Inc., RPC Inc., Superior Energy Services Inc., Axis Energy Services Inc., Tycrop Group, Hilong Oil Service & Engineering Co. Ltd., Precision Drilling Corporation, Forum Energy Technologies Inc., Wellcare Oil Tools Private Limited, FTS International, Baker Hughes Company, Rasson Energy India Pvt. Ltd., Propell, Nine Energy Service, SPT Energy Group, Sinopec Oilfield Service, National Oilwell Varco, Nabors Industries, TechnipFMC, Expro Group, Hunting Energy Services.
North America was the largest region in the well completion equipment and services market share in 2025. The regions covered in the well completion equipment and services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the well completion equipment and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The well casing and cementing market includes revenues earned by entities by casing, cementing, perforating, gravel packing and installing a production tree. The market value includes the value of related goods sold by the service provider or included within the service offering. The well casing and cementing market also includes sales of packers, nipples, circulation devices, side pocket, mandrels, blast joints and flow couplings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The well completion equipment and services market size is expected to see strong growth in the next few years. It will grow to $15.83 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to deepwater exploration growth, unconventional resource development, automation in well operations, production cost optimization, digital oilfield adoption. Major trends in the forecast period include smart well completion systems, advanced sand control technologies, multistage fracturing optimization, digital downhole monitoring, enhanced production efficiency solutions.
The surge in global oil and gas exploration demand is anticipated to drive the growth of the well-completion equipment and services market. Oil and gas exploration involves extracting resources from land and oceans, utilizing sophisticated well-completion equipment in challenging conditions to meet global energy needs. This equipment facilitates machinery installation for crude oil extraction, catering to the escalating demand for oil and gas worldwide. For instance, according to the US Energy Information Administration, the US crude oil output reached 12.4 million b/d in 2023, up from the previous record of 11.7 million b/d in 2022. Moreover, the US witnessed its highest annual natural gas consumption of 86.6 billion cubic feet per day (Bcf/d) in 2022 compared to prior years, signifying increased demand. Consequently, this rise in oil and gas exploration is propelling the growth of the well-completion equipment and services market.
Major companies in the well completion equipment and services sector are developing advanced digital control systems to optimize plunger lift well operations, enhance crude oil production efficiency, and enable real-time monitoring. Digital control systems are next-generation platforms that integrate AI, IoT, and wireless technologies to automate edge device operations and provide high-frequency, one-second monitoring of well behavior, bridging the gap between full-function SCADA controllers and standalone devices. For example, in September 2024, ChampionX Corporation, a U.S.-based oil and gas services company, launched the SMARTEN Unify control system for plunger lift wells. Designed for seamless integration with existing IT and SCADA infrastructure, the system offers turnkey simplicity and low cost of ownership, making advanced digital adoption more accessible for tight-margin operations.
In March 2025, Nabors Industries Ltd., a U.S.-based provider of advanced drilling rigs, drilling automation, and integrated well construction and completion services, acquired Parker Wellbore for $675 million. Through this acquisition, Nabors aimed to expand its global well construction and intervention capabilities, diversify service offerings beyond drilling, and strengthen its position as a full-cycle well delivery provider for oil and gas operators worldwide. Parker Drilling Company is a U.S.-based provider of rental tools, well services, tubular running services, and project management solutions across drilling, completion, production, and abandonment operations.
Major companies operating in the well completion equipment and services market are Halliburton Company, NOV Inc., Schlumberger Limited, Weatherford International PLC, Welltec Inc., NCS Multistage Holdings Inc., RPC Inc., Superior Energy Services Inc., Axis Energy Services Inc., Tycrop Group, Hilong Oil Service & Engineering Co. Ltd., Precision Drilling Corporation, Forum Energy Technologies Inc., Wellcare Oil Tools Private Limited, FTS International, Baker Hughes Company, Rasson Energy India Pvt. Ltd., Propell, Nine Energy Service, SPT Energy Group, Sinopec Oilfield Service, National Oilwell Varco, Nabors Industries, TechnipFMC, Expro Group, Hunting Energy Services.
North America was the largest region in the well completion equipment and services market share in 2025. The regions covered in the well completion equipment and services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the well completion equipment and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The well casing and cementing market includes revenues earned by entities by casing, cementing, perforating, gravel packing and installing a production tree. The market value includes the value of related goods sold by the service provider or included within the service offering. The well casing and cementing market also includes sales of packers, nipples, circulation devices, side pocket, mandrels, blast joints and flow couplings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Well Completion Equipment and Services Market Characteristics
3. Well Completion Equipment and Services Market Supply Chain Analysis
4. Global Well Completion Equipment and Services Market Trends and Strategies
5. Well Completion Equipment and Services Market Analysis of End Use Industries
7. Global Well Completion Equipment and Services Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Well Completion Equipment and Services Total Addressable Market (TAM) Analysis for the Market
9. Well Completion Equipment and Services Market Segmentation
10. Well Completion Equipment and Services Market Regional and Country Analysis
11. Asia-Pacific Well Completion Equipment and Services Market
12. China Well Completion Equipment and Services Market
13. India Well Completion Equipment and Services Market
14. Japan Well Completion Equipment and Services Market
15. Australia Well Completion Equipment and Services Market
16. Indonesia Well Completion Equipment and Services Market
17. South Korea Well Completion Equipment and Services Market
18. Taiwan Well Completion Equipment and Services Market
19. South East Asia Well Completion Equipment and Services Market
20. Western Europe Well Completion Equipment and Services Market
21. UK Well Completion Equipment and Services Market
22. Germany Well Completion Equipment and Services Market
23. France Well Completion Equipment and Services Market
24. Italy Well Completion Equipment and Services Market
25. Spain Well Completion Equipment and Services Market
26. Eastern Europe Well Completion Equipment and Services Market
27. Russia Well Completion Equipment and Services Market
28. North America Well Completion Equipment and Services Market
29. USA Well Completion Equipment and Services Market
30. Canada Well Completion Equipment and Services Market
31. South America Well Completion Equipment and Services Market
32. Brazil Well Completion Equipment and Services Market
33. Middle East Well Completion Equipment and Services Market
34. Africa Well Completion Equipment and Services Market
36. Well Completion Equipment and Services Market Competitive Landscape and Company Profiles
37. Well Completion Equipment and Services Market Other Major and Innovative Companies
40. Well Completion Equipment and Services Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Well Completion Equipment and Services Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses well completion equipment and services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for well completion equipment and services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The well completion equipment and services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Packers; Sand Control Tools; Multistage Fracturing Tools; Liner Hangers; Valves; Smart Wells; Other Types2) By Offerings: Equipment; Services
3) By Application: Onshore; Offshore
Subsegments:
1) By Packers: Mechanical Packers; Inflatable Packers2) By Sand Control Tools: Gravel Pack Systems; Screens and Filters
3) By Multistage Fracturing Tools: Frac Plugs; Isolation Tools
4) By Liner Hangers: Mechanical Liner Hangers; Hydraulic Liner Hangers
5) By Valves: Safety Valves; Flow Control Valves
6) By Smart Wells: Intelligent Completion Systems; Downhole Sensors
7) By Other Types: Completion Accessories; Artificial Lift Systems
Companies Mentioned: Halliburton Company; NOV Inc.; Schlumberger Limited; Weatherford International PLC; Welltec Inc.; NCS Multistage Holdings Inc.; RPC Inc.; Superior Energy Services Inc.; Axis Energy Services Inc.; Tycrop Group; Hilong Oil Service & Engineering Co. Ltd.; Precision Drilling Corporation; Forum Energy Technologies Inc.; Wellcare Oil Tools Private Limited; FTS International; Baker Hughes Company; Rasson Energy India Pvt. Ltd.; Propell; Nine Energy Service; SPT Energy Group; Sinopec Oilfield Service; National Oilwell Varco; Nabors Industries; TechnipFMC; Expro Group; Hunting Energy Services
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Well Completion Equipment and Services market report include:- Halliburton Company
- NOV Inc.
- Schlumberger Limited
- Weatherford International PLC
- Welltec Inc.
- NCS Multistage Holdings Inc.
- RPC Inc.
- Superior Energy Services Inc.
- Axis Energy Services Inc.
- Tycrop Group
- Hilong Oil Service & Engineering Co. Ltd.
- Precision Drilling Corporation
- Forum Energy Technologies Inc.
- Wellcare Oil Tools Private Limited
- FTS International
- Baker Hughes Company
- Rasson Energy India Pvt. Ltd.
- Propell
- Nine Energy Service
- SPT Energy Group
- Sinopec Oilfield Service
- National Oilwell Varco
- Nabors Industries
- TechnipFMC
- Expro Group
- Hunting Energy Services
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 11.99 Billion |
| Forecasted Market Value ( USD | $ 15.83 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
