Global Downhole Tools Market Growth (Status and Outlook) 2023-2029

Global Downhole Tools Market Growth (Status and Outlook) 2023-2029

Downhole tools are part of oilfield equipment used in drilling, completion, and intervention or workover activities that help optimize well production levels and maintain continuous flow from the reservoir.
LPI (LP Information)' newest research report, the “Downhole Tools Industry Forecast” looks at past sales and reviews total world Downhole Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Downhole Tools sales for 2023 through 2029. With Downhole Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Downhole Tools industry.
This Insight Report provides a comprehensive analysis of the global Downhole Tools 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 Downhole Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Downhole Tools market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Downhole Tools 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 Downhole Tools.
The global Downhole Tools market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
The top three companies, Baker Hughes, Halliburton and Schlumberger, have 23% of the market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Downhole Tools market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Packer Class
Control Tool Class
Workover Tools
Other
Segmentation by application
Onshore Oil Wells
Offshore Oil 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
National Oilwell Varco Inc.
Weatherford International Ltd.
SJS Ltd.
ANTHON
SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD
Dril-Quip (TIW)

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