Global Well Completion Equipment Market Growth 2023-2029

Global Well Completion Equipment Market Growth 2023-2029

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.
This report covers traditional and intelligent completions equipment.
Between these, intelligent completions incorporate permanent downhole sensors and surface-controlled downhole flow control valves, enabling the operators to monitor, evaluate, and actively manage production (or injection) in real time without any well interventions. Data are transmitted to surface for local or remote monitoring.
LPI (LP Information)' newest research report, the “Well Completion Equipment Industry Forecast” looks at past sales and reviews total world Well Completion Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Well Completion Equipment sales for 2023 through 2029. With Well Completion Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Well Completion Equipment industry.
This Insight Report provides a comprehensive analysis of the global Well Completion Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Well Completion Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Well Completion Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Well Completion Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Well Completion Equipment.
The global Well Completion Equipment market size is projected to grow from US$ 7584.5 million in 2022 to US$ 13980 million in 2029; it is expected to grow at a CAGR of 13980 from 2023 to 2029.
Schlumberger was the world's biggest manufacturer in the Well Completion Equipment industry, accounted for 16.4% market share of the global market, followed by Baker Hughes, Halliburton, Weatherford International, Welltec, Packers Plus, National Oilwell Varco, Forum Energy Technologies, CNPC, Wellcare Oil Tools, Schoeller-Bleckmann, Completion Technology Resources, Innovex Downhole Solutions, SPT Energy Group, Yantai Jereh, Petro-king, COSL.The top 5 companies had a combined market share of 61% of the global total.North America was the largest consumption area in the world in 2018.
This report presents a comprehensive overview, market shares, and growth opportunities of Well Completion Equipment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Traditional Well Completion Equipment
Intelligent Well Completion Equipment
Segmentation by application
Onshore Wells
Offshore Wells
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Baker Hughes
Halliburton
Schlumberger
Weatherford International
Welltec
Packers Plus
National Oilwell Varco
Forum Energy Technologies
CNPC
Wellcare Oil Tools
Schoeller-Bleckmann
Completion Technology Resources
Innovex Downhole Solutions
SPT Energy Group
Yantai Jereh
Petro-king
COSL
Key Questions Addressed in this Report
What is the 10-year outlook for the global Well Completion Equipment market?
What factors are driving Well Completion Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Well Completion Equipment market opportunities vary by end market size?
How does Well Completion Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.