Horizontal Completions Market Report and Forecast 2025-2034

The global horizontal completions market is estimated to grow in the forecast period of 2025-2034 at a CAGR of 9.00%. The market is driven by the rebound in the active rig count owing to the recovery in oil prices.

Market Segmentation

Horizontal completion is also referred to as the horizontal well that enlarges the contact with the reservoir considerably, thus, accelerating the production or injection rates of the well.

Market Breakup by Application

• Onshore
• Offshore

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

The steady recovery of the global oil price from the third quarter of 2016 has improved the frequency of active rigs in both onshore and offshore drilling, thus, enhancing the demand for oilfield equipment, such as horizontal completion equipment. Advances in drilling technologies and improved production volumes have accelerated the number of rig count and horizontal wells, especially in North America.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global horizontal completions market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• NOV Inc.
• Schlumberger Limited
• Weatherford International plc
• Baker Hughes Company
• Halliburton Energy Services, Inc.
• Superior Energy Services, Inc.
• Others

The report gives an in-depth insight into the horizontal completions market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.