Global Well Completion Equipment Market offers a wide range of market dynamics like current trends (2019), estimated forecast (2025), segmentation by types, applications and by companies. It also includes key companies profile and talks about their market share.
Completion, in petroleum production, is the process of making a well ready for production (or injection). This principally involves preparing the bottom of the hole to the required specifications, running in the production tubing and its associated downhole tools as well as perforating and stimulating as required.
Sometimes, the process of running in and cementing the casing is also included.
Well completion equipment industry concentration is relatively high.
The largest producer is Baker Hughes, accounting for 23.02% percent market share in value in 2015, followed by Halliburton, Schlumberger, Weatherford International, these four big companies accounting for 71.54% of total market revenue in 2015. The industry competitive landscape is relatively stable.
The well completion equipment market scale is likely to continue to increase in the next few years. Although sales of well completion equipment brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the well completion equipment field abruptly.
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The global Well Completion Equipment market is valued at 4310 million US$ in 2018 is expected to reach 7670 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2019-2025.
This report focuses on Well Completion Equipment volume and value at global level, regional level and company level. From a global perspective, this report represents overall Well Completion Equipment market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan. Key companies profiled on his report are Baker Hughes, Halliburton, Schlumberger, Weatherford International, Welltec, Packers Plus, Delta Oil Tools, Wellcare Oil Tools, Resource Well, Completion Technologies, Omega Completion Technology, OAO Tyazhpressmash, Mansfield Energy, Completion, Technology Resources, TEAM Oil Tools, Trican, Rasson Energy India, SPT Energy Group, Yantai Jereh, Petro-king, COSL and more in the terms of Product Introduction, Application, Specification, companies Production, Revenue, Price and Gross Margin (2014-2019),.
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Segment by Regions
- North America
Segment by Type
- Traditional Well Completion Equipment
- Intelligent Well Completion Equipment
Segment by Application
- Onshore Wells
- Offshore Wells
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