Completion Equipment Market Size, Share, and Outlook, 2025 Report- By Product (Casings, Cementing Materials & Equipment, Perforating Guns, Gravel Packing, Wellheads), 2018-2032

Completion Equipment Market Outlook

Completion Equipment Market Size is forecast to reach $15.4 Billion in 2032 from $11.2 Billion in 2025, at an optimistic growth rate of 4.5% from 2025 to 2032. The robust Completion Equipment Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Completion Equipment Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Product (Casings, Cementing Materials & Equipment, Perforating Guns, Gravel Packing, Wellheads). Over 70 tables and charts showcase findings from our latest survey report on Completion Equipment Markets.

Completion Equipment Market Insights, 2025: Completion Equipment – Key Drivers and Opportunities

Completion equipment plays a crucial role in the oil and gas industry, particularly in the final stages of drilling, where it ensures that a well is brought into production efficiently, safely, and cost-effectively. As global energy demands continue to rise, the increased exploration and production activities in untapped reserves drive the demand for high-performance completion equipment, such as wellheads, blowout preventers, valves, and production trees. These components ensure that the flow of oil and gas is controlled, the well is sealed to prevent any leaks, and the overall process is safe and compliant with environmental regulations.

One of the major drivers of the market is the global trend toward oilfield automation and the increasing adoption of smart technologies. The implementation of sensor-based monitoring, remote-controlled systems, and data analytics in completion equipment is driving operational efficiency, improving safety, and reducing costs. As the industry shifts towards more sustainable operations, there is growing demand for completion technologies that are not only efficient but also environmentally friendly, minimizing the environmental footprint of oil and gas production.

In addition, the increasing focus on enhancing well productivity and extending well life is creating opportunities for manufacturers to develop innovative completion solutions. This includes intelligent completion systems that enable real-time monitoring of well conditions, as well as technologies designed for the completion of unconventional wells such as those found in tight shale formations. With the rise of offshore drilling, manufacturers can also capitalize on the need for deepwater and ultra-deepwater completion technologies, which require highly specialized and durable equipment.

Five Trends that will define global Completion Equipment Market in 2025 and Beyond

A closer look at the multi-million global market for Completion Equipment Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Completion Equipment Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Completion Equipment Industry?

The Completion Equipment Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Completion Equipment Market Segment Insights

The Completion Equipment Industry presents strong offers across categories. The analytical report offers forecasts of Completion Equipment Industry performance across segments and countries. Key segments in the industry include- By Product (Casings, Cementing Materials & Equipment, Perforating Guns, Gravel Packing, Wellheads). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Completion Equipment Market size outlook is provided for 22 countries across these regions.

Completion Equipment Industry Value Chain

The chapter identifies potential companies and their operations across the global Completion Equipment Industry ecosystem. It assists decision-makers in evaluating global Completion Equipment Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Completion Equipment Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Completion Equipment Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Completion Equipment Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Completion Equipment Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Completion Equipment Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Completion Equipment Market Insights- Executives are most excited about opportunities for the US Completion Equipment Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Completion Equipment Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Completion Equipment Market.

Latin American Completion Equipment Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Completion Equipment Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Completion Equipment Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Completion Equipment Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Completion Equipment Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Baker Hughes, FTS International Inc, Halliburton Company, Nabors Industries Ltd, National Oilwell Varco Inc, NCS Multistage LLC, Nine Energy Services Inc, Packers Plus Energy Services Inc, Schlumberger Ltd, Superior Energy Services Inc, Weatherford International plc, Welltec A/S.

Completion Equipment Market Scope and Segmentation

By Product

Casings

Cementing Materials & Equipment

Perforating Guns

Gravel Packing

Wellheads

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Completion Equipment Market Research-

Baker Hughes

FTS International Inc

Halliburton Company

Nabors Industries Ltd

National Oilwell Varco Inc

NCS Multistage LLC

Nine Energy Services Inc

Packers Plus Energy Services Inc

Schlumberger Ltd

Superior Energy Services Inc

Weatherford International plc

Welltec A/S

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.