Product Code: TIPRE00006906
The well completion market was valued at US$ 8,509.96 million in 2021 and is projected to reach US$ 11,335.47 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.
Rise in demand for oil & gas exploration across the world and increase in demand for natural gas in past few years, owing to the rising consumption of energy worldwide and the surging number of gas rig exploration which will drive the growth of the market.. In addition, new offshore oil well projects have been launched across different regions that are also propelling the demand for well completion equipment & services across countries. According to the study, there were more than 14,000 oil & gas well completions reported in FY 2019.
The sudden outbreak of COVID-19 has a number of implications for the oil and gas sector in the world. Oil and gas power-generating facilities have reduced activities, such as shutting down construction, operations, and maintenance projects at several locations, after the imposition of multiple "stay at home" orders by state governors around the world. In the energy industry, these quarantine measures and shutdowns are causing furloughs and layoffs of technical, construction, and manufacturing personnel, as well as project demobilizations in many cases. As a result, many oil wells are struggling to keep up with maintenance and operations. Furthermore, the COVID-19 pandemic has made it difficult for oil and gas producers to get project finance or equity capital.
The well completion equipment and service market is segmented on the basis of offering, location, and geography. Based on offering, the market is bifurcated into equipment and services. Based on location, the market is bifurcated into on-shore and off-shore. Geographically, the global well completion equipment and service market is broadly segmented into North America (the US, Canada, Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), the Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, and Rest of MEA), and South America (Argentina, Brazil, Rest of SAM). In 2021, North America segment accounted for the significant share in the global market.
A few key players operating in the global well completion equipment and service market and profiled in the market study are Baker Hughes Company; FTS International; Halliburton Company; Nov Inc.; NCS Multistage, LLC; Royal Dutch Shell PLC; RPC Incorporated; Schlumberger Limited; Nine Energy Services; and Welltec.
The overall global well completion equipment and service market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the well completion equipment and service market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the well completion equipment and service market.
Reasons to Buy:
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The key findings and recommendations highlight crucial progressive industry trends in the global market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 Study of the Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Well Completion Equipment and Services Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
5. Well Completion Equipment and Services Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rise in Demand for Oil & Gas Exploration Worldwide
- 5.1.2 Resumption of Shale Gas Operations
- 5.2 Market Restraints
- 5.2.1 Downfall in the Oil & Gas Industry in FY 2020
- 5.3 Market Opportunities
- 5.3.1 Arctic Exploration Projects and Collaboration of Oil Service Vendors
- 5.4 Future Trends
- 5.4.1 Adoption of Smart Well Technologies
- 5.5 Impact Analysis of Drivers and Restraints
6. Well Completion Equipment and Services - Global Market Analysis
- 6.1 Global Well Completion Equipment and Services Market Overview
- 6.2 Global Well Completion Equipment and Services Market Revenue Forecast and Analysis
- 6.3 Market Positioning - Five Key Players
7. Well Completion Equipment and Services Market - By Offerings
- 7.1 Overview
- 7.2 Well Completion Equipment and Services Market, By Offerings (2020 and 2028)
- 7.3 Equipment
- 7.3.1 Overview
- 7.3.2 Equipment: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.3 Packers
- 7.3.3.1 Overview
- 7.3.3.2 Packers: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.4 Sand Control Tools
- 7.3.4.1 Overview
- 7.3.4.2 Sand Control Tools: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.5 Multistage Fracturing Tools
- 7.3.5.1 Overview
- 7.3.5.2 Multistage Fracturing Tools: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.6 Liner Hangers
- 7.3.6.1 Overview
- 7.3.6.2 Liner Hangers: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.7 Smart Wells
- 7.3.7.1 Overview
- 7.3.7.2 Smart Wells: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.8 Valves
- 7.3.8.1 Overview
- 7.3.8.2 Valves: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.9 Control Devices
- 7.3.9.1 Overview
- 7.3.9.2 Control Devices: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.10 Others
- 7.3.10.1 Overview
- 7.3.10.2 Others: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Services
- 7.4.1 Overview
- 7.4.2 Services: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
8. Well Completion Equipment and Services Market - By Location
- 8.1 Overview
- 8.2 Well Completion Equipment and Services Market, by Location (2020 and 2028)
- 8.3 Onshore
- 8.3.1 Overview
- 8.3.2 Onshore: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Offshore
- 8.4.1 Overview
- 8.4.2 Offshore: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
9. Well Completion Equipment and Services Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Well Completion Equipment and Services Market
- 9.2.1 North America: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Well Completion Equipment and Services Market- by Offerings
- 9.2.3 North America: Well Completion Equipment and Services Market- by Location
- 9.2.4 North America: Well Completion Equipment and Services Market- by Key Country
- 9.2.4.1 US: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.1.1 US: Well Completion Equipment and Services Market- by Offerings
- 9.2.4.1.2 US: Well Completion Equipment and Services Market- by Location
- 9.2.4.2 Canada: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.2.1 Canada: Well Completion Equipment and Services Market- by Offerings
- 9.2.4.2.2 Canada: Well Completion Equipment and Services Market- by Location
- 9.2.4.3 Mexico: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.2.4.3.1 Mexico: Well Completion Equipment and Services Market- by Offerings
- 9.2.4.3.2 Mexico: Well Completion Equipment and Services Market- by Location
- 9.3 Europe: Well Completion Equipment and Services Market
- 9.3.1 Europe: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Well Completion Equipment and Services Market- by Offerings
- 9.3.3 Europe: Well Completion Equipment and Services Market- by Location
- 9.3.4 Europe: Well Completion Equipment and Services Market- by Key Country
- 9.3.4.1 Germany: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.1.1 Germany: Well Completion Equipment and Services Market- by Offerings
- 9.3.4.1.2 Germany: Well Completion Equipment and Services Market- by Location
- 9.3.4.2 France: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.2.1 France: Well Completion Equipment and Services Market- by Offerings
- 9.3.4.2.2 France: Well Completion Equipment and Services Market- by Location
- 9.3.4.3 Italy: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.3.1 Italy: Well Completion Equipment and Services Market- by Offerings
- 9.3.4.3.2 Italy: Well Completion Equipment and Services Market- by Location
- 9.3.4.4 UK: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.4.1 UK: Well Completion Equipment and Services Market- by Offerings
- 9.3.4.4.2 UK: Well Completion Equipment and Services Market- by Location
- 9.3.4.5 Russia: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.5.1 Russia: Well Completion Equipment and Services Market- by Offerings
- 9.3.4.5.2 Russia: Well Completion Equipment and Services Market- by Location
- 9.3.4.6 Rest of Europe: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.3.4.6.1 Rest of Europe: Well Completion Equipment and Services Market- by Offerings
- 9.3.4.6.2 Rest of Europe: Well Completion Equipment and Services Market- by Location
- 9.4 APAC: Well Completion Equipment and Services Market
- 9.4.1 APAC: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 APAC: Well Completion Equipment and Services Market- by Offerings
- 9.4.3 APAC: Well Completion Equipment and Services Market- by Location
- 9.4.4 APAC: Well Completion Equipment and Services Market- by Key Country
- 9.4.4.1 Australia: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.1.1 Australia: Well Completion Equipment and Services Market- by Offerings
- 9.4.4.1.2 Australia: Well Completion Equipment and Services Market- by Location
- 9.4.4.2 China: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.2.1 China: Well Completion Equipment and Services Market- by Offerings
- 9.4.4.2.2 China: Well Completion Equipment and Services Market- by Location
- 9.4.4.3 India: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.3.1 India: Well Completion Equipment and Services Market- by Offerings
- 9.4.4.3.2 India: Well Completion Equipment and Services Market- by Location
- 9.4.4.4 Japan: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.4.1 Japan: Well Completion Equipment and Services Market- by Offerings
- 9.4.4.4.2 Japan: Well Completion Equipment and Services Market- by Location
- 9.4.4.5 South Korea: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.5.1 South Korea: Well Completion Equipment and Services Market- by Offerings
- 9.4.4.5.2 South Korea: Well Completion Equipment and Services Market- by Location
- 9.4.4.6 Rest of APAC: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4.6.1 Rest of APAC: Well Completion Equipment and Services Market- by Offerings
- 9.4.4.6.2 Rest of APAC: Well Completion Equipment and Services Market- by Location
- 9.5 MEA: Well Completion Equipment and Services Market
- 9.5.1 MEA: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 MEA: Well Completion Equipment and Services Market- by Offerings
- 9.5.3 MEA: Well Completion Equipment and Services Market- by Location
- 9.5.4 MEA: Well Completion Equipment and Services Market- by Key Country
- 9.5.4.1 South Africa: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.1.1 South Africa: Well Completion Equipment and Services Market- by Offerings
- 9.5.4.1.2 South Africa: Well Completion Equipment and Services Market- by Location
- 9.5.4.2 Saudi Arabia: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.2.1 Saudi Arabia: Well Completion Equipment and Services Market- by Offerings
- 9.5.4.2.2 Saudi Arabia: Well Completion Equipment and Services Market- by Location
- 9.5.4.3 UAE: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.3.1 UAE: Well Completion Equipment and Services Market- by Offerings
- 9.5.4.3.2 UAE: Well Completion Equipment and Services Market- by Location
- 9.5.4.4 Rest of MEA: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5.4.4.1 Rest of MEA: Well Completion Equipment and Services Market- by Offerings
- 9.5.4.4.2 Rest of MEA: Well Completion Equipment and Services Market- by Location
- 9.6 SAM: Well Completion Equipment and Services Market
- 9.6.1 SAM: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 SAM: Well Completion Equipment and Services Market- by Offerings
- 9.6.3 SAM: Well Completion Equipment and Services Market- by Location
- 9.6.4 SAM: Well Completion Equipment and Services Market- by Key Country
- 9.6.4.1 Brazil: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.1.1 Brazil: Well Completion Equipment and Services Market- by Offerings
- 9.6.4.1.2 Brazil: Well Completion Equipment and Services Market- by Location
- 9.6.4.2 Argentina: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.2.1 Argentina: Well Completion Equipment and Services Market- by Offerings
- 9.6.4.2.2 Argentina: Well Completion Equipment and Services Market- by Location
- 9.6.4.3 Rest of SAM: Well Completion Equipment and Services Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6.4.3.1 Rest of SAM: Well Completion Equipment and Services Market- by Offerings
- 9.6.4.3.2 Rest of SAM: Well Completion Equipment and Services Market- by Location
10. Well Completion Equipment and Services Market - COVID-19 Impact Analysis
- 10.1 Overview
- 10.2 North America
- 10.3 Europe
- 10.4 Asia Pacific
- 10.5 Middle East and Africa
- 10.6 South America
11. Global Well Completion Market-Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 Merger and Acquisition
- 11.4 New Product Launch
12. Company Profiles
- 12.1 Baker Hughes Company
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 FTS International
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Halliburton Company
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 NOV Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 NSC Multistage LLC
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Royal Dutch Shell Plc
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 RPC Incorporated
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Schlumberger Limited
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Nine Energy Service, Inc.
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Welltec
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index