ダウンホールツール市場レポート：製品・用途・地域別、2024～2032年

世界のダウンホールツール市場規模は2023年に45億米ドルに達しました。IMARC Groupは、2024～2032年にかけての成長率（CAGR）は3.8％で、2032年には63億米ドルに達すると予測しています。世界のエネルギー需要の増加、石油生産における大幅な技術進歩、非伝統的埋蔵量や海洋埋蔵量における掘削活動の拡大、掘削効率と安全性の革新は、市場の成長を促進する主要要因のいくつかを表しています。

ダウンホールツール市場分析

主要市場促進要因：ダウンホールツールの主要市場促進要因は、世界のエネルギー消費によってもたらされる炭化水素へのニーズの高まりです。技術開発が探査・採掘プロセスを後押しすることも非常に重要です。また、シェールやタイトオイルのような非在来型石油・ガス資源の生産には、採掘用の特殊なダウンホールツールが必要です。成熟した油田からの最大限の石油回収の奨励や、硬い地層での作業効率の必要性は、新しいダウンホールツールの需要を押し上げる他の理由です。

主要市場動向：例えば、指向性掘削やリアルタイム・モニタリング・システムなど、掘削プロセスをより効率的かつ正確にする高度な掘削技術に対するニーズの高まり。従来のエネルギー源から再生可能なエネルギー源への変化は、地熱エネルギープロジェクトで使用されるダウンホールツールの技術革新の原動力であり、互換性があることを確認します。さらに、非伝統的な石油・ガス貯留層における水圧破砕や水平掘削法の利用が拡大していることも、過酷な掘削条件に耐え、同時に採掘プロセスを最大化できる特殊なダウンホールツールの需要を牽引する主要要因です。

競合情勢：ダウンホールツール業界の主要市場参入企業には、Baker Hughes Company、Bilco Tools Inc、Halliburton Company、Innovex Downhole Solutions Inc、NOV Inc、Oil States International Inc、Schlumberger Limited、Schoeller-Bleckmann Oilfield Equipment AG、Ulterra Drilling Technologies LP、United Drilling Tools LTD、Weatherford International plc、Wenzel Downhole Tools Ltd.（Basin Tools LP）などがいます。（Basin Tools LP）などがあります。

課題と機会：ダウンホールツール市場は、石油価格の変動や環境への影響に関する規制の強化といった課題に直面しており、これらはプロジェクトの実行可能性や市場力学に影響を与える要因となっています。その一方で、技術の進歩により、より正確で効果的なツールを利用できるようになったため、多くの機会もあります。探査活動の方向性が在来型の浅海から非在来型の深海へと変化しているため、新しいダウンホールソリューションが求められています。また、グリーンエネルギー生産に対する世界の需要は、環境破壊を防止する装置の発明を促し、標準市場と新市場の両方において新たな成長の道が開かれています。

ダウンホールツール市場動向

石油・ガス消費量の増加

石油・ガス消費の増加は、市場成長を促進する重要な要因のひとつです。自動車燃料や家庭での調理という形で石油・ガスへのニーズが高まっているのは、主に人口の急増によるものです。ダウンホールツールは、掘削や鉱物抽出に使用されます。したがって、石油・ガスの消費が増えれば増えるほど、鉱物の採取量も増え、それが市場の成長を促進します。例えば、エネルギー情報の収集・分析・普及を担当する米国連邦統計局（U.S. Energy Information Administration）によると、2022年の石油・液体燃料の世界消費量は9,940万b/dと推定され、2021年から160万b/d増加します。

掘削作業の拡大

掘削作業の拡大は、今後のダウンホールツール市場成長の主要な原動力になると考えられています。掘削作業とは、探査、採掘、建設などさまざまな目的のために地表に穴を開けたり、穴をあけたりするプロセスに関わる活動や作業のことです。掘削作業では、掘削装置のような掘削機械を頻繁に使用し、地盤や岩石、その他の材料に穴を開けるため、ダウンホールツールの需要が増加しています。これらのツールは、坑井掘削、ケーシング設置、完成、貯留層評価など、さまざまな掘削プロセスにおける主要な要素です。例えば、2022年10月、Baker Hughesの週次データによると、米国では2022年に石油・天然ガス坑井の掘削がともに増加しました。2022年9月30日現在、天然ガス掘削リグは160基で、2022年から53基増加しました。石油掘削リグは602基で、2022年から481基増加しました。

掘削技術の進歩

技術革新は、ダウンホールツール市場でますます普及している主要動向です。ダウンホールツール市場の主要企業は現在、市場での地位を維持し、さらに高めるために、革新的な新製品の開拓に注力しています。例えば、革新的なダウンホール技術の世界的リーダーであるDeep Casing Toolsは、MechLOK-Tを発売しました。完全に機械的にロック可能なドリルパイプ・スイベルで、水平方向に長い掘削坑井（ERD）で一般的に遭遇する摩擦や座屈の課題に対応するよう設計されています。この最先端ツールにより、オペレータは最初の試行で目標深度まで容易に到達することができ、効率性、信頼性が向上し、時間とコストの大幅な削減が可能になります。

ダウンホールツール市場セグメンテーション

IMARC Groupは、世界のダウンホールツール市場レポートの各サブセグメントにおける主要動向の分析と、2024～2032年までの世界、地域、国別レベルでの予測を提供しています。当レポートでは、市場を製品と用途に基づいて分類しています。

製品別内訳

掘削ツールが市場を独占

本レポートでは、製品別に市場を詳細に区分・分析しています。これには、掘削ツール、ハンドリングツール、流量・圧力ツール、制御ツール、その他が含まれます。同レポートによると、掘削ツールが最大のセグメントを占めています。

掘削ツールは、石油・ガスの抽出において主要な機能を果たすため、ダウンホールツール市場の中で最も重要な部分です。ドリルビット、カラー、リーマーのようなこれらのガジェットは、異なる地質環境における坑井の生産につながる掘削作業に非常に重要です。効率的で高度な掘削ツールの必要性は、より深く、より複雑な貯留層まで掘削しなければならないという事実に起因しています。掘削技術の進歩、例えば指向性掘削やリアルタイムのデータ取得は、掘削の精度と効率をさらに向上させるため、市場はますます強くなっています。同セグメントの成長は、世界のエネルギー需要の高まりと、それに伴う継続的な探査・生産活動の必要性に支えられています。

用途別内訳

生産と坑井完成が市場を独占

同レポートは、用途別の市場の詳細な区分と分析を提供しています。これには、坑井掘削、坑井介入、形成と評価、生産と坑井完成、その他が含まれます。報告書によると、生産と坑井完成が最大のセグメントを占めています。

ダウンホールツール市場の生産と坑井完成の部分は、生産率の向上と貯留層の増加に大きな影響を与えるため、最も重要です。このカテゴリーに属するダウンホールツールは、補完ツール、地下安全バルブ、多段フラクチャリングツールを含み、坑井のセットアップの最終段階にとって最も重要なものです。このようなツールは、掘削後の坑井を良好な状態に保ち、適切に機能させることで、資源の抽出を容易にするのに役立ちます。油田が老朽化し、新たな埋蔵量を発見するのが難しくなるにつれ、信頼性の高い坑井完成方法を用いて既存の坑井の効率を高める役割は、ますます重要になっています。従って、この部分が石油・ガス事業の長寿命化と収益性の鍵を握っています。

地域別内訳

北米が市場を独占

同レポートでは、北米（米国、カナダ）、アジア太平洋（中国、日本、インド、韓国、オーストラリア、インドネシア、その他）、欧州（ドイツ、フランス、英国、イタリア、スペイン、ロシア、その他）、ラテンアメリカ（ブラジル、メキシコ、その他）、中東アフリカを含む主要地域市場についても包括的に分析しています。報告書によると、北米はダウンホールツールの最大地域市場です。

北米は米国とカナダで巨大な石油・ガス活動が行われる場所であるため、世界のダウンホールツール市場における主要地域です。同地域の市場リーダーシップは、水圧破砕や水平掘削のような従来とは異なる掘削技術への高い技術導入レベルと巨額の投資によって維持されています。さらに、この地域の厳しい規制制度と技術基盤も市場成長の要因であり、その結果、ダウンホール技術を使った石油・ガス資源の効率的な開発が可能になります。

競合情勢

市場調査レポートは、市場の競合情勢についても包括的な分析を行っています。すべての主要企業の詳細プロファイルが提供されています。ダウンホールツール市場の主要市場企業には、Baker Hughes Company、Bilco Tools Inc、Halliburton Company、Innovex Downhole Solutions Inc、NOV Inc、Oil States International Inc、Schlumberger Limited、Schoeller-Bleckmann Oilfield Equipment AG、Ulterra Drilling Technologies LP、United Drilling Tools LTD、Weatherford International plc、Wenzel Downhole Tools Ltd.（Basin Tools LP）などがあります。（Basin Tools LP）です。

（なお、これは主要参入企業の一部一覧であり、完全なリストは報告書に記載されている）

ダウンホールツールセグメントの主要市場参入企業は、競合を維持し、市場をリードするためにさまざまな戦略を駆使しています。第一の方法は、研究開発への投資で、ツールの効率性と機能性を発明・強化し、石油・ガス業界の変化するニーズに対応しています。戦略的合併・買収を模索することは、製品範囲を拡大し、新しい市場に参入するための一般的な方法です。また、企業は油田サービス会社や技術会社と提携し、自社製品に最新技術を取り入れることで、市場での地位を向上させ、エネルギー部門の水準を維持することができます。

ダウンホールツール市場ニュース

2024年4月、SLBは2つの先進的な人工リフトシステムを発表しました。レダ・アジャイル・コンパクト・ワイドレンジ電動水中ポンプ（ESP）システムと、ロッドレス・レダ・パワーエッジ電動水中プログレッシブ・キャビティ・ポンプ（ESPCP）システムです。これらの画期的な設計は、信頼性と効率の向上を実現します。

2024年5月、エネルギー技術企業であるBaker Hughesは、サウジアラビアのダンマームにある産業・エネルギー技術（IET）ダンマン・センターを拡大すると発表しました。この拡大工事が完了すれば、60人の新規雇用が創出される見込みで、圧縮トレイン、シールガス、制御盤の現在の製造・修理能力が追加されます。

本レポートで扱う主要質問

• 世界のダウンホールツール市場の規模は？
• 2024～2032年のダウンホールツール市場の世界市場成長率は？
• 世界のダウンホールツール市場を牽引する主要要因は何か
• 世界のダウンホールツール市場に対するCOVID-19の影響は？
• ダウンホールツール市場の製品別内訳は？
• 世界のダウンホールツール市場の用途別内訳は？
• 世界のダウンホールツール市場における主要地域は？
• 世界のダウンホールツール市場における主要参入企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界のダウンホールツール市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：製品別

• 掘削ツール
• ハンドリングツール
• 流量・圧力ツール
• 制御ツール
• その他

第7章 市場内訳：用途別

• 坑井掘り
• 坑井介入
• 形成評価
• 生産と坑井完成
• その他

第8章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第9章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第12章 価格分析

第13章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Baker Hughes Company
  • Bilco Tools Inc
  • Halliburton Company
  • Innovex Downhole Solutions Inc.
  • NOV Inc.
  • Oil States International Inc.
  • Schlumberger Limited
  • Schoeller-Bleckmann Oilfield Equipment AG
  • Ulterra Drilling Technologies LP
  • United Drilling Tools LTD
  • Weatherford International plc
  • Wenzel Downhole Tools Ltd.（Basin Tools LP）

List of Figures

• Figure 1: Global: Downhole Tools Market: Major Drivers and Challenges
• Figure 2: Global: Downhole Tools Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Downhole Tools Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Downhole Tools Market: Breakup by Product (in %), 2023
• Figure 5: Global: Downhole Tools Market: Breakup by Application (in %), 2023
• Figure 6: Global: Downhole Tools Market: Breakup by Region (in %), 2023
• Figure 7: Global: Downhole Tools (Drilling Tools) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 8: Global: Downhole Tools (Drilling Tools) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 9: Global: Downhole Tools (Handling Tools) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Downhole Tools (Handling Tools) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Downhole Tools (Flow and Pressure Tools) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Downhole Tools (Flow and Pressure Tools) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Downhole Tools (Control Tools) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Downhole Tools (Control Tools) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Downhole Tools (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Downhole Tools (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Downhole Tools (Well Drilling) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Downhole Tools (Well Drilling) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Downhole Tools (Well Intervention) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Downhole Tools (Well Intervention) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Downhole Tools (Formation and Evaluation) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Downhole Tools (Formation and Evaluation) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: Global: Downhole Tools (Production and Well Completion) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: Global: Downhole Tools (Production and Well Completion) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: Global: Downhole Tools (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: Global: Downhole Tools (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: North America: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: North America: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: United States: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: United States: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: Canada: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: Canada: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Asia-Pacific: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Asia-Pacific: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: China: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: China: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: Japan: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: Japan: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: India: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: India: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: South Korea: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: South Korea: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Australia: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Australia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Indonesia: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Indonesia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: Others: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: Europe: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: Europe: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: Germany: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: Germany: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: France: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: France: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: United Kingdom: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: United Kingdom: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Italy: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Italy: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Spain: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Spain: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Russia: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Russia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Others: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Latin America: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Latin America: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Brazil: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Brazil: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Mexico: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Mexico: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 71: Others: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 72: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 73: Middle East and Africa: Downhole Tools Market: Sales Value (in Million US$), 2018 & 2023
• Figure 74: Middle East and Africa: Downhole Tools Market: Breakup by Country (in %), 2023
• Figure 75: Middle East and Africa: Downhole Tools Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 76: Global: Downhole Tools Industry: SWOT Analysis
• Figure 77: Global: Downhole Tools Industry: Value Chain Analysis
• Figure 78: Global: Downhole Tools Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Downhole Tools Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Downhole Tools Market Forecast: Breakup by Product (in Million US$), 2024-2032
• Table 3: Global: Downhole Tools Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 4: Global: Downhole Tools Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 5: Global: Downhole Tools Market: Competitive Structure
• Table 6: Global: Downhole Tools Market: Key Players

The global downhole tools market size reached US$ 4.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. The increasing global energy demands, significant technological progress in oil production, extension of the drilling activities in the non-traditional and the offshore reserves and innovations in the drilling efficiency and safety represent some of the key factors driving the growth of the market.

Downhole Tools Market Analysis:

Major Market Drivers: The primary market drivers of downhole tools are the growing need for hydrocarbons which is brought about by the worldwide energy consumption. The boost that the technological development provides to the exploration and extraction processes is also very important. Also, the production of the unconventional oil and gas resources, such as shale and tight oil plays, requires the special downhole tools for the extraction. The encouragement of the maximum oil recovery from the mature fields and the need of the operational efficiency in the hard geological formations are the other reasons that push the demand for the new downhole tools.

Key Market Trends: The growing need for the sophisticated drilling technologies, for example, directional drilling and real-time monitoring systems, which make the drilling process more efficient and precise. The change of the energy sources from the traditional ones to the renewable ones is the driver of the innovation in the downhole tools that will be used in the geothermal energy projects to make sure that there is the compatibility. Moreover, the growing utilization of hydraulic fracturing and horizontal drilling methods in the untraditional oil and gas reservoirs is still the main factor that drives the demand for special downhole tools that can resist the harsh drilling conditions and at the same time, maximize the extraction process.

Competitive Landscape: Some of the major market players in the downhole tools industry include Baker Hughes Company, Bilco Tools Inc, Halliburton Company, Innovex Downhole Solutions Inc., NOV Inc., Oil States International Inc., Schlumberger Limited, Schoeller-Bleckmann Oilfield Equipment AG, Ulterra Drilling Technologies LP, United Drilling Tools LTD, Weatherford International plc, Wenzel Downhole Tools Ltd. (Basin Tools LP), among many others.

Challenges and Opportunities: The downhole tools market is facing the challenges such as the fluctuating oil prices and the increasing regulatory scrutiny on the environmental impacts, which can be the factors affecting the project viability and the market dynamics. On the other hand, there are many opportunities as the technological progress allows the tools to be more precise and effective. The change in the direction of the exploration activities from the conventional and shallow-water to the unconventional and deep-water requests for the novel downhole solutions. Besides, the world-wide demand for the green energy production prompts the invention of the devices that cut the environment disruption, and thus the new ways of growth are opened in both standard and new markets.

Downhole Tools Market Trends:

Increasing Oil and Gas Consumption

The increasing oil and gas consumption represents one of the key factors driving the market growth. The increasing need for oil and gas in the form of automotive fuel and household cooking is mainly due to the fast-growing population. The downhole tools are employed in the drilling or mineral extraction. Hence, the more consumption of oil & gas will be, the more extraction of the minerals will be, which, in turn, will drive the growth of the market. For instance, according to U. S. Energy Information Administration, the U. S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information, it is estimated that 99.4 million b/d of petroleum and liquid fuels were consumed globally in 2022, up by 1.6 million b/d from 2021.They forecast that global consumption will rise by an average of 2.1 million b/d for all of 2022 and by an average of 2.0 million b/d in 2023.

Expanding Drilling Operations

The augmented drilling activities are believed to be the key driving force of the downhole tool market growth in the future. Drilling activities are the activities and operations which are involved in the process of drilling or boring holes into the earth's surface for different purposes like exploration, extraction, and construction. Drilling work frequently uses drilling machines, like drilling rigs, which bore into the ground, rock, or other materials, thus, the demand for downhole tools is increasing. These tools are the main elements in different drilling processes such as wellbore drilling, casing installation, completion, and reservoir evaluation. For instance, in October 2022, according to Baker Hughes' weekly data, drilling for both oil and natural gas wells rose in the United States in 2022.As of September 30, 2022, there were 160 natural gas-directed rigs, an increase of 53 from in 2022.There are 602 oil-directed rigs, an increase of 481 in 2022.

Advancements In Drilling Technologies

The technological innovation is the main trend becoming more and more popular in the downhole tools market. The leading companies in the downhole tools market are now concentrating on the development of new and innovative products to maintain and to further their market position. For instance, Deep Casing Tools, global leader in innovative downhole technologies launched the MechLOK-T. A fully mechanically lockable drill pipe swivel designed to address friction and buckling challenges encountered typically within long, horizontal extended reach drilling (ERD) wells. This cutting-edge tool enables operators to reach target depths with ease on first attempt, offering enhanced efficiency, reliability, and substantial time and cost savings.

Downhole Tools Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global downhole tools market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

Drilling Tools

Handling Tools

Flow and Pressure Tools

Control Tools

Others

Drilling Tools dominates the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes drilling tools, handling tools, flow and pressure tools, control tools and others. According to the report, drilling tools represented the largest segment.

The drilling tools are the most important part of the downhole tools market because of their major function in the extraction of oil and gas. These gadgets, like drill bits, collars, and reamers, are very important for drilling works that result in the production of wellbores in different geological environments. The need for the efficient and advanced drilling tools is caused by the fact that we have to drill deeper and into more complex reservoirs. The advancements in drilling technology, for instance, the directional drilling and the real-time data acquisition, make the drilling precision and the efficiency even better, thus, the market gets more and more stronger. The segment's growth is carried on by the ongoing global energy demands and the consequent need for the continuous exploration and production activities.

Breakup by Application:

Well Drilling

Well Intervention

Formation and Evaluation

Production and Well Completion

Others

Production and Well Completion dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes well drilling, well intervention, formation and evaluation, production and well completion and others. According to the report, production and well completion represented the largest segment.

The production and well completion part of the downhole tools market is the most important because it has a great influence on the improvement of the production rates and the increase of the reservoirs. Downhole tools in this category, which include completion tools, subsurface safety valves, and multistage fracturing tools, are the most important ones for the final stages of the well setup. Such tools help to keep the well post-drilling in a good condition and functioning properly, thus, making it easy to extract the resources. As the fields grow old and new reserves are harder to find, the role of increasing the efficiency of the existing wells by using the reliable well completion practices become more and more important. Thus, this part is the key to the longevity of the oil and gas activities and the profitability of the same.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America dominates the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for downhole tools.

North America is the key region in the global downhole tools market, as it is the place where huge oil and gas activities take place in the United States and Canada. The region's market leadership is maintained by the high level of technology implementation and huge investments in the untraditional drilling techniques like hydraulic fracturing and horizontal drilling. Besides, the area's strict regulatory systems and technological bases are the other factors that contribute to the market growth, which in turn allows the efficient exploitation of oil and gas resources using downhole technologies.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have been provided. Some of the major market players in the downhole tools market include Baker Hughes Company, Bilco Tools Inc, Halliburton Company, Innovex Downhole Solutions Inc., NOV Inc., Oil States International Inc., Schlumberger Limited, Schoeller-Bleckmann Oilfield Equipment AG, Ulterra Drilling Technologies LP, United Drilling Tools LTD, Weatherford International plc and Wenzel Downhole Tools Ltd. (Basin Tools LP).

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Major market participants in the downhole tools sector are using different strategies to stay competitive and to be the leaders in the market. The first method is the investment in research and development to invent and enhance the efficiency and functionality of the tools, thus, meeting the changing needs of the oil and gas industry. Seeking for a strategic merger and acquisition is a common way of a company to enlarge its product range and to enter a new market, thus, it can take advantage of the synergy and improve its technological capability. Besides, the enterprises can also team up with the oilfield services companies and the technology firms to include the latest technologies in their products, thus, they get a better position in the market and the energy sector standard is maintained.

Downhole Tools Market News:

In April 2024, SLB introduced two advanced artificial lift systems. The Reda Agile compact wide-range electric submersible pump (ESP) system and the rodless Reda PowerEdge electric submersible progressing cavity pump (ESPCP) system. Their breakthrough designs deliver enhanced reliability and efficiency.

In May 2024, Baker Hughes, an energy technology company, announced that it is expanding its Industrial & Energy Technology (IET) Damman Center in Dammam, Saudi Arabia. Once completed, the expansion is expected to create 60 new jobs and will add capacity for the current manufacturing and repairs of compression trains, seal gas and control panels.

Key Questions Answered in This Report

• 1. How big is the global downhole tools market?
• 2. What is the expected growth rate of the global downhole tools market during 2024-2032?
• 3. What are the key factors driving the global downhole tools market?
• 4. What has been the impact of COVID-19 on the global downhole tools market?
• 5. What is the breakup of the global downhole tools market based on the product?
• 6. What is the breakup of the global downhole tools market based on the application?
• 7. What are the key regions in the global downhole tools market?
• 8. Who are the key players/companies in the global downhole tools market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Downhole Tools Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product

• 6.1 Drilling Tools
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Handling Tools
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Flow and Pressure Tools
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Control Tools
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Others
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Market Breakup by Application

• 7.1 Well Drilling
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Well Intervention
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Formation and Evaluation
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Production and Well Completion
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Region

• 8.1 North America
  • 8.1.1 United States
    • 8.1.1.1 Market Trends
    • 8.1.1.2 Market Forecast
  • 8.1.2 Canada
    • 8.1.2.1 Market Trends
    • 8.1.2.2 Market Forecast
• 8.2 Asia-Pacific
  • 8.2.1 China
    • 8.2.1.1 Market Trends
    • 8.2.1.2 Market Forecast
  • 8.2.2 Japan
    • 8.2.2.1 Market Trends
    • 8.2.2.2 Market Forecast
  • 8.2.3 India
    • 8.2.3.1 Market Trends
    • 8.2.3.2 Market Forecast
  • 8.2.4 South Korea
    • 8.2.4.1 Market Trends
    • 8.2.4.2 Market Forecast
  • 8.2.5 Australia
    • 8.2.5.1 Market Trends
    • 8.2.5.2 Market Forecast
  • 8.2.6 Indonesia
    • 8.2.6.1 Market Trends
    • 8.2.6.2 Market Forecast
  • 8.2.7 Others
    • 8.2.7.1 Market Trends
    • 8.2.7.2 Market Forecast
• 8.3 Europe
  • 8.3.1 Germany
    • 8.3.1.1 Market Trends
    • 8.3.1.2 Market Forecast
  • 8.3.2 France
    • 8.3.2.1 Market Trends
    • 8.3.2.2 Market Forecast
  • 8.3.3 United Kingdom
    • 8.3.3.1 Market Trends
    • 8.3.3.2 Market Forecast
  • 8.3.4 Italy
    • 8.3.4.1 Market Trends
    • 8.3.4.2 Market Forecast
  • 8.3.5 Spain
    • 8.3.5.1 Market Trends
    • 8.3.5.2 Market Forecast
  • 8.3.6 Russia
    • 8.3.6.1 Market Trends
    • 8.3.6.2 Market Forecast
  • 8.3.7 Others
    • 8.3.7.1 Market Trends
    • 8.3.7.2 Market Forecast
• 8.4 Latin America
  • 8.4.1 Brazil
    • 8.4.1.1 Market Trends
    • 8.4.1.2 Market Forecast
  • 8.4.2 Mexico
    • 8.4.2.1 Market Trends
    • 8.4.2.2 Market Forecast
  • 8.4.3 Others
    • 8.4.3.1 Market Trends
    • 8.4.3.2 Market Forecast
• 8.5 Middle East and Africa
  • 8.5.1 Market Trends
  • 8.5.2 Market Breakup by Country
  • 8.5.3 Market Forecast

9 SWOT Analysis

• 9.1 Overview
• 9.2 Strengths
• 9.3 Weaknesses
• 9.4 Opportunities
• 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

• 11.1 Overview
• 11.2 Bargaining Power of Buyers
• 11.3 Bargaining Power of Suppliers
• 11.4 Degree of Competition
• 11.5 Threat of New Entrants
• 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

• 13.1 Market Structure
• 13.2 Key Players
• 13.3 Profiles of Key Players
  • 13.3.1 Baker Hughes Company
    • 13.3.1.1 Company Overview
    • 13.3.1.2 Product Portfolio
    • 13.3.1.3 Financials
    • 13.3.1.4 SWOT Analysis
  • 13.3.2 Bilco Tools Inc
    • 13.3.2.1 Company Overview
    • 13.3.2.2 Product Portfolio
  • 13.3.3 Halliburton Company
    • 13.3.3.1 Company Overview
    • 13.3.3.2 Product Portfolio
    • 13.3.3.3 Financials
    • 13.3.3.4 SWOT Analysis
  • 13.3.4 Innovex Downhole Solutions Inc.
    • 13.3.4.1 Company Overview
    • 13.3.4.2 Product Portfolio
  • 13.3.5 NOV Inc.
    • 13.3.5.1 Company Overview
    • 13.3.5.2 Product Portfolio
    • 13.3.5.3 Financials
    • 13.3.5.4 SWOT Analysis
  • 13.3.6 Oil States International Inc.
    • 13.3.6.1 Company Overview
    • 13.3.6.2 Product Portfolio
    • 13.3.6.3 Financials
    • 13.3.6.4 SWOT Analysis
  • 13.3.7 Schlumberger Limited
    • 13.3.7.1 Company Overview
    • 13.3.7.2 Product Portfolio
    • 13.3.7.3 Financials
    • 13.3.7.4 SWOT Analysis
  • 13.3.8 Schoeller-Bleckmann Oilfield Equipment AG
    • 13.3.8.1 Company Overview
    • 13.3.8.2 Product Portfolio
    • 13.3.8.3 Financials
  • 13.3.9 Ulterra Drilling Technologies LP
    • 13.3.9.1 Company Overview
    • 13.3.9.2 Product Portfolio
  • 13.3.10 United Drilling Tools LTD
    • 13.3.10.1 Company Overview
    • 13.3.10.2 Product Portfolio
    • 13.3.10.3 Financials
  • 13.3.11 Weatherford International plc
    • 13.3.11.1 Company Overview
    • 13.3.11.2 Product Portfolio
    • 13.3.11.3 Financials
    • 13.3.11.4 SWOT Analysis
  • 13.3.12 Wenzel Downhole Tools Ltd. (Basin Tools LP)
    • 13.3.12.1 Company Overview
    • 13.3.12.2 Product Portfolio
    • 13.3.12.3 SWOT Analysis