Research and Markets: Completion Equipment Market Report - Global Trends & Forecast to 2019
02 September 2014 - 6:17PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/np8znr/completion) has
announced the addition of the "Completion Equipment Market by Type
(Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner
Hangers, Smart Wells, Safety Valves, and Other) & Geography -
Global Trends & Forecast to 2019" report to their offering.
Completion Equipment Market is estimated to be worth $17.9
billion market by 2019 signifying a firm annualized growth rate of
10.8% from 2014 to 2019.
Completion equipment & services are used for a wide range of
purposes after the drilling of a well is carried out. Completion
equipment & services are precisely used to convert a drilled
well into a producing one. Completion includes various stages
before the well starts producing; these include casing, cementing,
perforating, gravel packing, and installation of a production
tree.
In this report, the completion equipment market is analyzed on
the basis of the revenue generated by the completion equipment
& services supplied by oilfield service companies to the
oilfield services market. The major value-generation activities of
the market are recorded in North America. The remaining regions are
growing at a higher growth rate with the exploration of new
reserves, creating growth prospects for the market. The North
American market is reaching towards a stage of maturity and the
movement in the industry will mainly be subjected to
competition.
The rise in deep and ultra-deep water discoveries with high
growth in exploration and production, activities are the most
important drivers for the completion equipment market. The
completion equipment & services are used for the completion of
well for oil and natural gas, while these services are necessary
for any type of well in order to complete it and put it on
production. Currently, natural gas is referred to as transitional
fuel for being the chain between conventional resources and
renewable energy. This proves to be an advantage to the
international natural gas market and hence to the market. As the
energy demand in developing countries such as India and Brazil is
on a rise, fulfilling this demand will enhance the growth prospects
for the industry.
On the basis of service type:
- Packers
- Sand Control tools
- Multi stage fracturing tools
- Liner Hangers
- Smart wells
- Safety valves
- Other
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Analysis
5 Completion Equipment & Services, By Type
6 Completion Equipment & Services Market, By Geography
7 Competitive Landscape
8 Company Profiles
- Baker Hughes Incorporated
- Halliburton
- Nabors Industries Limited
- National Oilwell Varco Inc.
- RPC Inc.
- Sanjel Corporation
- Schlumberger Ltd.
- Superior Energy Services Inc.
- Trican Well Service Ltd.
- Weatherford International Ltd.
- Welltec International A/S
For more information visit
http://www.researchandmarkets.com/research/np8znr/completion
Research and MarketsLaura Wood, Senior
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U.S.): +353-1-481-1716Sector: Energy and Natural Resources