Completion Equipment and Services Market in APAC 2022-2026

Completion Equipment and Services Market in APAC 2022-2026

Technavio has been monitoring the completion equipment and services market in APAC and it is poised to grow by $ 95.74 mn during 2022-2026, decelerating at a CAGR of 1.40% during the forecast period. Our report on the completion equipment and services market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in oil and gas demand and growing investment in oil and gas exploration. In addition, increase in oil and gas demand is anticipated to boost the growth of the market as well.

The completion equipment and services market in APAC analysis includes the deployment segment and geographic landscape.

Technavio's completion equipment and services market in APAC is segmented as below:

By Deployment

• Offshore
• Onshore

By Geographical Landscape

• China
• India
• Malaysia
• Rest of APAC

This study identifies the growing importance of unconventional resources in the E and P sectoras one of the prime reasons driving the completion equipment and services market growth APAC in APAC during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on completion equipment and services market in APAC covers the following areas:

• Completion equipment and services market sizing
• Completion equipment and services market forecast
• Completion equipment and services market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading completion equipment and services market vendors in APAC that include Baker Hughes Co., China Oilfield Services Ltd., China Petroleum and Chemical Corp., Completion Oil Tools Pvt. Ltd., Destini Bhd, Forum Energy Technologies Inc., Halliburton Co., NOV Inc., Schlumberger Ltd., and Weatherford International Plc. Also, the completion equipment and services market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Baker Hughes Co., China Oilfield Services Ltd., China Petroleum and Chemical Corp., Completion Oil Tools Pvt. Ltd., Destini Bhd, Forum Energy Technologies Inc., Halliburton Co., NOV Inc., Schlumberger Ltd., Weatherford International Plc