ダウンホールツールの2030年までの市場予測：タイプ別、場所別、用途別、地域別の世界分析

Stratistics MRCによると、世界のダウンホールツール市場は2023年に38億米ドルを占め、予測期間中にCAGR 7.2％で成長し、2030年には61億米ドルに達する見込みです。

ダウンホールツールは、石油・ガスの掘削と生産作業で使用される特殊な機器です。これらのツールは、地層データの測定やロギングから流体の流れの制御まで、坑井下でさまざまな作業を行うように設計されています。これらは、地下の地質に関する貴重な情報を収集し、坑井の状態を評価し、生産を最適化するために極めて重要です。ダウンホールツールには、ロギングツール、掘削モーター、パッカー、バルブなど、幅広い機器が含まれ、それぞれが坑井内で特定の目的を果たします。

高まるエネルギー需要

特に石油・ガスなどの産業によるエネルギー需要の増大は、ダウンホールツール市場の重要な促進要因です。世界人口の増加と経済の拡大に伴い、エネルギー資源の効率的な抽出と生産の必要性が高まっています。技術の進歩や、シェールガスや深海油田埋蔵量のような非在来型資源の採掘への注目が高まるにつれて、ダウンホールツールの需要は増加の一途をたどっています。この動向は、多くの油田におけるインフラの老朽化によってさらに拍車がかかり、メンテナンスと最適化のために革新的なツールの使用が必要となっています。

石油価格の変動

原油価格の変動は、探鉱・生産活動に不確実性をもたらし、ダウンストリーム・ツール市場に大きな影響を与える可能性があります。原油価格が急激に変動すると、企業は掘削予算を調整する傾向があり、掘削ツールの需要変動につながります。変動が激しいと、企業は掘削プロジェクトを延期または中止する可能性があり、坑内作業に使用されるツールの需要減少につながるため、市場の成長が抑制される可能性があります。逆に、原油価格が安定または上昇している時期には、企業は探鉱・生産に投資しやすくなり、掘削工具の需要を押し上げます。

新興市場への進出

新興市場への進出は、これらの地域に豊富な天然資源があり、効率的な採掘方法を必要とすることが多く、高度なダウンホール工具の需要を促進するため、有利な機会となります。新興市場は未開発の埋蔵量を提供し、探査活動を活発化させるため、ダウンホール機器の成長市場を生み出します。政府の好意的な政策とインフラへの投資が、この機会をさらに後押ししています。これらの市場に参入することで、企業は収益源を多様化し、競合を得ることができます。

環境問題とエネルギー転換

ダウンホールツール市場は、世界のエネルギー転換の中で、大きな環境問題への懸念と課題に直面しています。世界が再生可能エネルギー源に移行するにつれて、従来の化石燃料の需要は減少し、ダウンホールツール市場に影響を与えます。この移行は、これらのツールに依存している企業の持続可能性に脅威をもたらし、よりクリーンな代替エネルギーへの革新と適応を促しています。さらに、厳しい環境規制と気候変動に対する社会的意識の高まりは、ダウンホールツール市場に持続可能な慣行を取り入れるか陳腐化に直面するようさらに圧力をかけています。

COVID-19の影響：

COVID-19の大流行は、世界の石油・ガス操業の混乱によりダウンホールツール市場に大きな影響を与えました。渡航制限、需要の減少、原油価格の急落により、掘削活動は大幅に減速しました。このため、探鉱・生産プロジェクトへの投資が減少し、掘削、完成、介入作業に使用されるダウンホールツールの需要に直接影響を与えました。石油・ガスセクターの多くの企業が財政的な制約に直面し、プロジェクトの延期や全面的な中止を余儀なくされたことが、ダウンホールツール市場の低迷をさらに悪化させました。

予測期間中、穴あけ工具セグメントが最大になる見込み

穴あけ工具セグメントは、掘削技術や特殊技術の進歩により、深海や高圧貯留層のような厳しい環境でも作業できる特殊な掘削工具の需要が高まったため、顕著な成長を遂げました。シェール層を含む非在来型石油・ガス探査の拡大により、革新的な掘削ソリューションが必要とされ、このセグメントの成長をさらに後押ししています。さらに、石油・ガス業界では、コスト効率と操業の最適化が重視されているため、掘削性能を高め、ダウンタイムを削減する先進的な掘削ツールが採用されています。

予測期間中、オフショアセグメントのCAGRが最も高くなる見込み

オフショアセグメントは、オフショア埋蔵量における石油・ガス探査需要の増加により大きな成長を遂げています。指向性掘削や坑井イメージングなどの掘削技術の進歩により、坑内作業の効率と精度が強化され、オフショア・プロジェクトの魅力が高まっています。さらに、老朽化した海洋坑井からの生産強化の必要性が、坑井介入と最適化のための特殊なダウンホールツールの採用を後押ししています。さらに、海洋掘削活動が世界的に拡大し続けているため、ダウンホールツール市場の海洋セグメントは、厳しい海洋環境における信頼性、寿命、性能の向上を目指した技術革新によって、さらなる成長を遂げる態勢が整っています。

最大のシェアを持つ地域

北米地域は、主にシェールガス・オイル探査活動の拡大により、ダウンホールツール市場で大きな成長を遂げています。水平掘削や水圧破砕などの高度な掘削技術が広く採用されたことで、ダウンホールツールに対する大きな需要が生まれました。大手石油・ガス会社による投資の増加と、掘削効率と生産性の向上を目指した技術の進歩が、ダウンホールツール市場の需要を押し上げています。さらに、この地域の豊富なシェール埋蔵量と既存坑井からの生産を最適化する取り組みが、ダウンホールツール市場の持続的成長に寄与しています。

CAGRが最も高い地域：

アジア太平洋は、特に中国やインドのような国々における急速な工業化と都市化によって著しい成長を遂げ、石油・ガス探査活動の急増につながっています。技術の進歩は、より効率的な掘削プロセスを可能にし、採掘作業用のダウンホールツールの採用を後押ししています。国内のエネルギー生産とインフラ整備を支援する政府の取り組みが、この地域での市場拡大をさらに後押ししています。さらに、石油・ガスプロジェクトへの継続的な投資と新たな掘削現場の出現により、アジア太平洋のダウンホールツール市場は今後数年間、継続的な成長が見込まれています。

無料のカスタマイズ提供：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます。

• 企業プロファイル
  • 追加市場参入企業の包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推定・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データ鉱業
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース
  • 1次調査ソース
  • 2次調査ソース
  • 前提条件

第3章 市場動向分析

• イントロダクション
• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• 新興市場
• 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のダウンホールツール市場：タイプ別

• イントロダクション
• 穴あけ工具
• 流量と圧力制御ツール
• 不純物制御ツール
• 取り扱い工具
• ダウンホール制御ツール
• その他

第6章 世界のダウンホールツール市場：場所別

• イントロダクション
• オンショア
• オフショア
  • 超深海
  • 深海
  • 浅海

第7章 世界のダウンホールツール市場：用途別

• イントロダクション
• 井戸の完成
• 井戸掘削
• 形成と評価
• 井戸の介入
• 石油とガスの生産
• その他

第8章 世界のダウンホールツール市場：地域別

• イントロダクション
• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他の欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他のアジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他の南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他の中東・アフリカ

第9章 主要発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第10章 企業プロファイル

• Baker Hughes Inc.
• Bilco Tools Inc.
• Excalibre Downhole Tools Ltd.
• Halliburton Company
• Logan Oil Tools Inc.
• National Oil Varco Inc.
• Oil States International Inc.
• Schlumberger Ltd.
• United Drilling Tools Ltd.
• Weatherford International Ltd.
• Wenzel Downhole Tools Ltd.

List of Tables

• Table 1 Global Downhole Tools Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Downhole Tools Market Outlook, By Type (2021-2030) ($MN)
• Table 3 Global Downhole Tools Market Outlook, By Drilling Tools (2021-2030) ($MN)
• Table 4 Global Downhole Tools Market Outlook, By Flow & Pressure Control Tools (2021-2030) ($MN)
• Table 5 Global Downhole Tools Market Outlook, By Impurity Control Tools (2021-2030) ($MN)
• Table 6 Global Downhole Tools Market Outlook, By Handling Tools (2021-2030) ($MN)
• Table 7 Global Downhole Tools Market Outlook, By Downhole Control Tools (2021-2030) ($MN)
• Table 8 Global Downhole Tools Market Outlook, By Other Types (2021-2030) ($MN)
• Table 9 Global Downhole Tools Market Outlook, By Location (2021-2030) ($MN)
• Table 10 Global Downhole Tools Market Outlook, By Onshore (2021-2030) ($MN)
• Table 11 Global Downhole Tools Market Outlook, By Offshore (2021-2030) ($MN)
• Table 12 Global Downhole Tools Market Outlook, By Ultra-Deepwater (2021-2030) ($MN)
• Table 13 Global Downhole Tools Market Outlook, By Deepwater (2021-2030) ($MN)
• Table 14 Global Downhole Tools Market Outlook, By Shallow Water (2021-2030) ($MN)
• Table 15 Global Downhole Tools Market Outlook, By Application (2021-2030) ($MN)
• Table 16 Global Downhole Tools Market Outlook, By Well Completion (2021-2030) ($MN)
• Table 17 Global Downhole Tools Market Outlook, By Well Drilling (2021-2030) ($MN)
• Table 18 Global Downhole Tools Market Outlook, By Formation & Evaluation (2021-2030) ($MN)
• Table 19 Global Downhole Tools Market Outlook, By Well Intervention (2021-2030) ($MN)
• Table 20 Global Downhole Tools Market Outlook, By Oil & Gas Production (2021-2030) ($MN)
• Table 21 Global Downhole Tools Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 22 North America Downhole Tools Market Outlook, By Country (2021-2030) ($MN)
• Table 23 North America Downhole Tools Market Outlook, By Type (2021-2030) ($MN)
• Table 24 North America Downhole Tools Market Outlook, By Drilling Tools (2021-2030) ($MN)
• Table 25 North America Downhole Tools Market Outlook, By Flow & Pressure Control Tools (2021-2030) ($MN)
• Table 26 North America Downhole Tools Market Outlook, By Impurity Control Tools (2021-2030) ($MN)
• Table 27 North America Downhole Tools Market Outlook, By Handling Tools (2021-2030) ($MN)
• Table 28 North America Downhole Tools Market Outlook, By Downhole Control Tools (2021-2030) ($MN)
• Table 29 North America Downhole Tools Market Outlook, By Other Types (2021-2030) ($MN)
• Table 30 North America Downhole Tools Market Outlook, By Location (2021-2030) ($MN)
• Table 31 North America Downhole Tools Market Outlook, By Onshore (2021-2030) ($MN)
• Table 32 North America Downhole Tools Market Outlook, By Offshore (2021-2030) ($MN)
• Table 33 North America Downhole Tools Market Outlook, By Ultra-Deepwater (2021-2030) ($MN)
• Table 34 North America Downhole Tools Market Outlook, By Deepwater (2021-2030) ($MN)
• Table 35 North America Downhole Tools Market Outlook, By Shallow Water (2021-2030) ($MN)
• Table 36 North America Downhole Tools Market Outlook, By Application (2021-2030) ($MN)
• Table 37 North America Downhole Tools Market Outlook, By Well Completion (2021-2030) ($MN)
• Table 38 North America Downhole Tools Market Outlook, By Well Drilling (2021-2030) ($MN)
• Table 39 North America Downhole Tools Market Outlook, By Formation & Evaluation (2021-2030) ($MN)
• Table 40 North America Downhole Tools Market Outlook, By Well Intervention (2021-2030) ($MN)
• Table 41 North America Downhole Tools Market Outlook, By Oil & Gas Production (2021-2030) ($MN)
• Table 42 North America Downhole Tools Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 43 Europe Downhole Tools Market Outlook, By Country (2021-2030) ($MN)
• Table 44 Europe Downhole Tools Market Outlook, By Type (2021-2030) ($MN)
• Table 45 Europe Downhole Tools Market Outlook, By Drilling Tools (2021-2030) ($MN)
• Table 46 Europe Downhole Tools Market Outlook, By Flow & Pressure Control Tools (2021-2030) ($MN)
• Table 47 Europe Downhole Tools Market Outlook, By Impurity Control Tools (2021-2030) ($MN)
• Table 48 Europe Downhole Tools Market Outlook, By Handling Tools (2021-2030) ($MN)
• Table 49 Europe Downhole Tools Market Outlook, By Downhole Control Tools (2021-2030) ($MN)
• Table 50 Europe Downhole Tools Market Outlook, By Other Types (2021-2030) ($MN)
• Table 51 Europe Downhole Tools Market Outlook, By Location (2021-2030) ($MN)
• Table 52 Europe Downhole Tools Market Outlook, By Onshore (2021-2030) ($MN)
• Table 53 Europe Downhole Tools Market Outlook, By Offshore (2021-2030) ($MN)
• Table 54 Europe Downhole Tools Market Outlook, By Ultra-Deepwater (2021-2030) ($MN)
• Table 55 Europe Downhole Tools Market Outlook, By Deepwater (2021-2030) ($MN)
• Table 56 Europe Downhole Tools Market Outlook, By Shallow Water (2021-2030) ($MN)
• Table 57 Europe Downhole Tools Market Outlook, By Application (2021-2030) ($MN)
• Table 58 Europe Downhole Tools Market Outlook, By Well Completion (2021-2030) ($MN)
• Table 59 Europe Downhole Tools Market Outlook, By Well Drilling (2021-2030) ($MN)
• Table 60 Europe Downhole Tools Market Outlook, By Formation & Evaluation (2021-2030) ($MN)
• Table 61 Europe Downhole Tools Market Outlook, By Well Intervention (2021-2030) ($MN)
• Table 62 Europe Downhole Tools Market Outlook, By Oil & Gas Production (2021-2030) ($MN)
• Table 63 Europe Downhole Tools Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 64 Asia Pacific Downhole Tools Market Outlook, By Country (2021-2030) ($MN)
• Table 65 Asia Pacific Downhole Tools Market Outlook, By Type (2021-2030) ($MN)
• Table 66 Asia Pacific Downhole Tools Market Outlook, By Drilling Tools (2021-2030) ($MN)
• Table 67 Asia Pacific Downhole Tools Market Outlook, By Flow & Pressure Control Tools (2021-2030) ($MN)
• Table 68 Asia Pacific Downhole Tools Market Outlook, By Impurity Control Tools (2021-2030) ($MN)
• Table 69 Asia Pacific Downhole Tools Market Outlook, By Handling Tools (2021-2030) ($MN)
• Table 70 Asia Pacific Downhole Tools Market Outlook, By Downhole Control Tools (2021-2030) ($MN)
• Table 71 Asia Pacific Downhole Tools Market Outlook, By Other Types (2021-2030) ($MN)
• Table 72 Asia Pacific Downhole Tools Market Outlook, By Location (2021-2030) ($MN)
• Table 73 Asia Pacific Downhole Tools Market Outlook, By Onshore (2021-2030) ($MN)
• Table 74 Asia Pacific Downhole Tools Market Outlook, By Offshore (2021-2030) ($MN)
• Table 75 Asia Pacific Downhole Tools Market Outlook, By Ultra-Deepwater (2021-2030) ($MN)
• Table 76 Asia Pacific Downhole Tools Market Outlook, By Deepwater (2021-2030) ($MN)
• Table 77 Asia Pacific Downhole Tools Market Outlook, By Shallow Water (2021-2030) ($MN)
• Table 78 Asia Pacific Downhole Tools Market Outlook, By Application (2021-2030) ($MN)
• Table 79 Asia Pacific Downhole Tools Market Outlook, By Well Completion (2021-2030) ($MN)
• Table 80 Asia Pacific Downhole Tools Market Outlook, By Well Drilling (2021-2030) ($MN)
• Table 81 Asia Pacific Downhole Tools Market Outlook, By Formation & Evaluation (2021-2030) ($MN)
• Table 82 Asia Pacific Downhole Tools Market Outlook, By Well Intervention (2021-2030) ($MN)
• Table 83 Asia Pacific Downhole Tools Market Outlook, By Oil & Gas Production (2021-2030) ($MN)
• Table 84 Asia Pacific Downhole Tools Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 85 South America Downhole Tools Market Outlook, By Country (2021-2030) ($MN)
• Table 86 South America Downhole Tools Market Outlook, By Type (2021-2030) ($MN)
• Table 87 South America Downhole Tools Market Outlook, By Drilling Tools (2021-2030) ($MN)
• Table 88 South America Downhole Tools Market Outlook, By Flow & Pressure Control Tools (2021-2030) ($MN)
• Table 89 South America Downhole Tools Market Outlook, By Impurity Control Tools (2021-2030) ($MN)
• Table 90 South America Downhole Tools Market Outlook, By Handling Tools (2021-2030) ($MN)
• Table 91 South America Downhole Tools Market Outlook, By Downhole Control Tools (2021-2030) ($MN)
• Table 92 South America Downhole Tools Market Outlook, By Other Types (2021-2030) ($MN)
• Table 93 South America Downhole Tools Market Outlook, By Location (2021-2030) ($MN)
• Table 94 South America Downhole Tools Market Outlook, By Onshore (2021-2030) ($MN)
• Table 95 South America Downhole Tools Market Outlook, By Offshore (2021-2030) ($MN)
• Table 96 South America Downhole Tools Market Outlook, By Ultra-Deepwater (2021-2030) ($MN)
• Table 97 South America Downhole Tools Market Outlook, By Deepwater (2021-2030) ($MN)
• Table 98 South America Downhole Tools Market Outlook, By Shallow Water (2021-2030) ($MN)
• Table 99 South America Downhole Tools Market Outlook, By Application (2021-2030) ($MN)
• Table 100 South America Downhole Tools Market Outlook, By Well Completion (2021-2030) ($MN)
• Table 101 South America Downhole Tools Market Outlook, By Well Drilling (2021-2030) ($MN)
• Table 102 South America Downhole Tools Market Outlook, By Formation & Evaluation (2021-2030) ($MN)
• Table 103 South America Downhole Tools Market Outlook, By Well Intervention (2021-2030) ($MN)
• Table 104 South America Downhole Tools Market Outlook, By Oil & Gas Production (2021-2030) ($MN)
• Table 105 South America Downhole Tools Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 106 Middle East & Africa Downhole Tools Market Outlook, By Country (2021-2030) ($MN)
• Table 107 Middle East & Africa Downhole Tools Market Outlook, By Type (2021-2030) ($MN)
• Table 108 Middle East & Africa Downhole Tools Market Outlook, By Drilling Tools (2021-2030) ($MN)
• Table 109 Middle East & Africa Downhole Tools Market Outlook, By Flow & Pressure Control Tools (2021-2030) ($MN)
• Table 110 Middle East & Africa Downhole Tools Market Outlook, By Impurity Control Tools (2021-2030) ($MN)
• Table 111 Middle East & Africa Downhole Tools Market Outlook, By Handling Tools (2021-2030) ($MN)
• Table 112 Middle East & Africa Downhole Tools Market Outlook, By Downhole Control Tools (2021-2030) ($MN)
• Table 113 Middle East & Africa Downhole Tools Market Outlook, By Other Types (2021-2030) ($MN)
• Table 114 Middle East & Africa Downhole Tools Market Outlook, By Location (2021-2030) ($MN)
• Table 115 Middle East & Africa Downhole Tools Market Outlook, By Onshore (2021-2030) ($MN)
• Table 116 Middle East & Africa Downhole Tools Market Outlook, By Offshore (2021-2030) ($MN)
• Table 117 Middle East & Africa Downhole Tools Market Outlook, By Ultra-Deepwater (2021-2030) ($MN)
• Table 118 Middle East & Africa Downhole Tools Market Outlook, By Deepwater (2021-2030) ($MN)
• Table 119 Middle East & Africa Downhole Tools Market Outlook, By Shallow Water (2021-2030) ($MN)
• Table 120 Middle East & Africa Downhole Tools Market Outlook, By Application (2021-2030) ($MN)
• Table 121 Middle East & Africa Downhole Tools Market Outlook, By Well Completion (2021-2030) ($MN)
• Table 122 Middle East & Africa Downhole Tools Market Outlook, By Well Drilling (2021-2030) ($MN)
• Table 123 Middle East & Africa Downhole Tools Market Outlook, By Formation & Evaluation (2021-2030) ($MN)
• Table 124 Middle East & Africa Downhole Tools Market Outlook, By Well Intervention (2021-2030) ($MN)
• Table 125 Middle East & Africa Downhole Tools Market Outlook, By Oil & Gas Production (2021-2030) ($MN)
• Table 126 Middle East & Africa Downhole Tools Market Outlook, By Other Applications (2021-2030) ($MN)

According to Stratistics MRC, the Global Downhole Tools Market is accounted for $3.8 billion in 2023 and is expected to reach $6.10 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Downhole tools are specialized equipment used in oil and gas drilling and production operations. These tools are designed to perform various tasks down the wellbore, ranging from measuring and logging formation data to controlling the flow of fluids. They are crucial for gathering valuable information about the subsurface geology, evaluating well conditions, and optimizing production. Downhole tools encompass a wide range of instruments, including logging tools, drilling motors, packers, and valves, each serving specific purposes in the wellbore.

Market Dynamics:

Driver:

Growing demand for energy

The growing demand for energy, particularly from industries such as oil and gas, is a significant driver of the downhole tool market. As the global population increases and economies expand, there is a heightened need for efficient extraction and production of energy resources. With advancements in technology and an increasing focus on extracting unconventional resources, such as shale gas and deepwater oil reserves, the demand for downhole tools continues to rise. This trend is further fueled by the aging infrastructure in many oil fields, necessitating the use of innovative tools for maintenance and optimization.

Restraint:

Oil price volatility

Oil price volatility can significantly impact the downstream tools market by creating uncertainty in exploration and production activities. When oil prices fluctuate rapidly, companies tend to adjust their drilling budgets, leading to fluctuations in demand for drilling tools. High volatility can restrain market growth as companies may delay or cancel drilling projects, leading to reduced demand for tools used in downhole operations. Conversely, during periods of stable or rising oil prices, companies are more likely to invest in exploration and production, driving demand for drilling tools.

Opportunity:

Expansion into emerging markets

Expansion into emerging markets presents a lucrative opportunity as these regions are rich in natural resources, they often require efficient extraction methods, driving demand for advanced downhole tools. Emerging markets offer untapped reserves and increase exploration activities, creating a growing market for downhole equipment. Favorable government policies and investments in infrastructure further bolster this opportunity. By penetrating these markets, companies can diversify their revenue streams and gain a competitive edge.

Threat:

Environmental concerns and energy transition

The downhole tools market faces significant environmental concerns and challenges amidst the global energy transition. As the world shifts towards renewable energy sources, the demand for traditional fossil fuels decreases, impacting the market for downhole tools. This transition poses a threat to the sustainability of companies reliant on these tools, prompting them to innovate and adapt to cleaner energy alternatives. Moreover, stringent environmental regulations and increasing public awareness about climate change further pressure the downhole tools market to embrace sustainable practices or face obsolescence.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the downhole tools market due to disruptions in global oil and gas operations. With travel restrictions, reduced demand, and plummeting oil prices, drilling activities slowed down drastically. This led to a decline in investments in exploration and production projects, directly affecting the demand for downhole tools used in drilling, completion, and intervention operations. Many companies in the oil and gas sector faced financial constraints, delaying or canceling projects altogether, which further exacerbated the downturn in the downhole tool market.

The drilling tools segment is expected to be the largest during the forecast period

The drilling tools segment has experienced notable growth due to advancements in drilling technology and special techniques that have increased the demand for specialized drilling tools, capable of operating in challenging environments such as deepwater or high-pressure reservoirs. The expansion of unconventional oil and gas exploration, including shale plays, has necessitated innovative drilling solutions, further driving the growth of this segment. Furthermore, the emphasis on cost efficiency and operational optimization in the oil and gas industry has led to the adoption of advanced drilling tools that enhance drilling performance and reduce downtime.

The offshore segment is expected to have the highest CAGR during the forecast period

The offshore segment has experienced significant growth due to the increasing demand for oil and gas exploration in offshore reserves. Advancements in drilling technologies, such as directional drilling and wellbore imaging, have bolstered the efficiency and accuracy of downhole operations, making them more appealing for offshore projects. Moreover, the need for enhanced production from aging offshore wells has driven the adoption of specialized downhole tools for well intervention and optimization. Additionally, as offshore drilling activities continue to expand globally, the offshore segment of the downhole tools market is poised for further growth, with innovations aimed at improving reliability, longevity, and performance in challenging offshore environments.

Region with largest share:

North American region has experienced significant growth in the downhole tools market, primarily driven by the expansion of shale gas and oil exploration activities. The widespread adoption of advanced drilling technologies, such as horizontal drilling and hydraulic fracturing, has created a substantial demand for downhole tools. Increased investments from major oil and gas companies, coupled with technological advancements aimed at enhancing drilling efficiency and productivity, have propelled the demand for downhole tools market. Additionally, the region's abundant shale reserves and efforts to optimize production from existing wells have contributed to the sustained growth of the downhole tool market.

Region with highest CAGR:

The Asia-Pacific region has seen significant growth due to rapid industrialization and urbanization, particularly in countries like China and India, leading to a surge in oil and gas exploration activities. Advancements in technology have enabled more efficient drilling processes, boosting the adoption of downhole tools for extraction operations. Government initiatives supporting domestic energy production and infrastructure development have further propelled market expansion in the region. Furthermore, with ongoing investments in oil and gas projects and the emergence of new drilling sites, the Asia Pacific downhole tools market is poised for continued growth in the coming years.

Key players in the market

Some of the key players in Downhole Tools market include Baker Hughes Inc., Bilco Tools Inc., Excalibre Downhole Tools Ltd, Halliburton Company, Logan Oil Tools Inc., National Oil Varco Inc., Oil States International Inc., Schlumberger Ltd., United Drilling Tools Ltd., Weatherford International Ltd. and Wenzel Downhole Tools Ltd.

Key Developments:

In December 2023, Baker Hughes has entered into a 20-year framework agreement with Chevron Australia for the supply of subsea production systems. Baker Hughes will offer its Aptara subsea production systems for Chevron Australia's future offshore developments.

In December 2023, Halliburton Labs announced Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions, and XtraLit as the newest participants in its collaborative environment. This is part of Halliburton Labs' ambition to advance energy and climate innovation and help early-stage companies by contributing expertise, connections, facilities, and more to help achieve strategic scaling milestones.

Types Covered:

• Drilling Tools
• Flow & Pressure Control Tools
• Impurity Control Tools
• Handling Tools
• Downhole Control Tools
• Other Types

Locations Covered:

• Onshore
• Offshore

Applications Covered:

• Well Completion
• Well Drilling
• Formation & Evaluation
• Well Intervention
• Oil & Gas Production
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Downhole Tools Market, By Type

• 5.1 Introduction
• 5.2 Drilling Tools
• 5.3 Flow & Pressure Control Tools
• 5.4 Impurity Control Tools
• 5.5 Handling Tools
• 5.6 Downhole Control Tools
• 5.7 Other Types

6 Global Downhole Tools Market, By Location

• 6.1 Introduction
• 6.2 Onshore
• 6.3 Offshore
  • 6.3.1 Ultra-Deepwater
  • 6.3.2 Deepwater
  • 6.3.3 Shallow Water

7 Global Downhole Tools Market, By Application

• 7.1 Introduction
• 7.2 Well Completion
• 7.3 Well Drilling
• 7.4 Formation & Evaluation
• 7.5 Well Intervention
• 7.6 Oil & Gas Production
• 7.7 Other Applications

8 Global Downhole Tools Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Baker Hughes Inc.
• 10.2 Bilco Tools Inc.
• 10.3 Excalibre Downhole Tools Ltd.
• 10.4 Halliburton Company
• 10.5 Logan Oil Tools Inc.
• 10.6 National Oil Varco Inc.
• 10.7 Oil States International Inc.
• 10.8 Schlumberger Ltd.
• 10.9 United Drilling Tools Ltd.
• 10.10 Weatherford International Ltd.
• 10.11 Wenzel Downhole Tools Ltd.