Mining Technology & Minerals Market Research News

New report examines the Global downhole tools market forecast to 2022

Downhole tools plays significant role in production and exploration of oil & gas, by reducing the production cost and provide an edge over the conventional equipment.

- Advertising -

Global Downhole Tools market is estimated at $3.63 billion in 2015 and is poised to reach $4.88 billion by 2022, growing at a CAGR of 4.31% from 2015 to 2022. 

Increasing shale exploration activities, ultra deep drilling activities and growing offshore exploration in North America and Europe are the major factors driving the market growth. However, rising environmental concerns, usage of renewable energy sources and uncertain crude oil market is restraining the growth of global downhole tools market.

- Advertising -

Request a sample of this report @ www.orbisresearch.com/contacts/request-sample/240578 .

Among all the applications, well intervention segment holds the largest market share, accounting for approximately 30% and is expected to continue its growth throughout the forecast period. The wide range of downhole tools are seen in well intervention owing to growing drilling activities in countries such as U.S.

and Mexico. By type, drilling tools commanded the largest market and is poised to grow rapidly during the forecast period. North America has leading market for downhole tools followed by Asia Pacific and Middle East.

In North America, U.S. has the leading market with maximum number of developments in the downhole tools market. The African market is likely to witness a faster growth rate due to new hydrocarbon discoveries.

Some of the major players in the global market include Baker Hughes, Halliburton Co., Weatherford International Ltd., Schlumberger Ltd., Bilco Tools Inc, Wenzel Downhole Tools Ltd., National Oilwell Varco Inc., Anton Oilfield Services Ltd., Saint Gobain, Schoeller Bleckmann Oilfield Equipment AG, Logan Oil Tools Inc and Oil States International Inc.

Browse the full report @ www.orbisresearch.com/reports/index/downhole-tools-global-market-outlook-2015-2022 .

Types of Tool Covered:
Downhole Control
Handling Tools
Drilling Tools
Flow and Pressure Control
Impurity Control Tools

Applications Covered:
Well Drilling
Well Completion
Well Intervention
Evaluation
Oil & Gas Production

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
Rest of Asia Pacific 
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

Access a copy of this report @ www.orbisresearch.com/contact/purchase/240578 .

What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
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

Some Points From List of Tables

1 Global Downhole Tools Market Outlook, By Region (2012-2022) ($MN)
2 Global Downhole Tools Market Outlook, By Tool Type (2012-2022) ($MN)
3 Global Downhole Tools Market Outlook, By Downhole Control (2012-2022) ($MN)
4 Global Downhole Tools Market Outlook, By Handling Tools (2012-2022) ($MN)
5 Global Downhole Tools Market Outlook, By Drilling Tools (2012-2022) ($MN)
6 Global Downhole Tools Market Outlook, By Flow and Pressure Control (2012-2022) ($MN)
7 Global Downhole Tools Market Outlook, By Impurity Control Tools (2012-2022) ($MN)
8 Global Downhole Tools Market Outlook, By Application (2012-2022) ($MN)
9 Global Downhole Tools Market Outlook, By Well Drilling (2012-2022) ($MN)
10 Global Downhole Tools Market Outlook, By Well Completion (2012-2022) ($MN)
11 Global Downhole Tools Market Outlook, By Well Intervention (2012-2022) ($MN)
12 Global Downhole Tools Market Outlook, By Evaluation (2012-2022) ($MN)
13 Global Downhole Tools Market Outlook, By Oil & Gas Production (2012-2022) ($MN)
14 North America Downhole Tools Market Outlook, By Tool Type (2012-2022) ($MN)
15 North America Downhole Tools Market Outlook, By Downhole Control (2012-2022) ($MN)
16 North America Downhole Tools Market Outlook, By Handling Tools (2012-2022) ($MN)
17 North America Downhole Tools Market Outlook, By Drilling Tools (2012-2022) ($MN)
18 North America Downhole Tools Market Outlook, By Flow and Pressure Control (2012-2022) ($MN)
19 North America Downhole Tools Market Outlook, By Impurity Control Tools (2012-2022) ($MN)
20 North America Downhole Tools Market Outlook, By Application (2012-2022) ($MN)
21 North America Downhole Tools Market Outlook, By Well Drilling (2012-2022) ($MN)
22 North America Downhole Tools Market Outlook, By Well Completion (2012-2022) ($MN)
23 North America Downhole Tools Market Outlook, By Well Intervention (2012-2022) ($MN)
24 North America Downhole Tools Market Outlook, By Evaluation (2012-2022) ($MN)
25 North America Downhole Tools Market Outlook, By Oil & Gas Production (2012-2022) ($MN)

News From

Orbis Research - Rendering Conscientious ResearchOrbis Research
Category: Market Research Publishers and RetailersCompany profile: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...