Global Completion Equipment Market

The completion equipment means all equipment required to make a well fully prepared for oil and gas production. The well completion involves steps like well casing, perforating, gravel packing, tubing and installing well head and lifting equipment. Completion and production consists of cementing, stimulation, well intervention, pressure control, pipeline and process services and completion services. The services include installation, maintenance, repairs and testing services also.For this purpose, several equipments like safety valves, sand control tools, liner hangers and packers are required.

Different players are entering the oil exploration market with huge capital and they require completion equipment. With the development of non-conventional and offshore oil exploration methods, the global market for completion equipment will be one of the fasted growing markets in the world.

Global market for the completion equipment was valued at US $XX Bn and it will reach US $XX Bn by 2022 at a CAGR of XX%.

Market Dynamics

The market drivers for completion equipment are increased energy demand, increased offshore exploration activity around the world and several operators trying to find new oil and gas reserves. Exploration of oil and gas and extraction of hydrocarbons from deep sea, arctic region and shale reserves is on the rise. Such explorations require technologically advanced completion equipment and therefore opportunities are many for the right players. There is a significant shift from conventional oil exploration methods to non conventional methods. Oil and gas exploration market and completion equipment market are directly related to each other and the rise and fall in any of the two will have an impact on the other. Fluctuating crude prices is one such factor.

Market Segmentation

1) By Type

--> Packers equipment

--> Sand control tool

--> Liner Hangers

--> Safety Valves

--> Multi- stage fracturing tools

--> Smart wells

--> Others

2) By Application

--> Offshore

--> Onshore

Regional/ Geographic analysis

North America dominates the well completion equipment and services market and Africa is expected to grow at the highest rate.Asia- pacific exploration activity is at an all time high from the last 4-5 years. This growth is led by China due to shale revolution. In the North Sea, the exploration activity in the deep water needs sophisticated equipment and technology and therefore the oil and gas exploration activity in Europe is progressing at a moderate speed. Netherland and Norway offer good opportunity for tubular goods. The growth in the North America is due to shale revolution and the presence of large drilled but not completed (DUC) wells especially in USA. Deep water discoveries in South America and Africa will propel the growth in demand of the well completion equipment and services market in these regions.

Market Opportunities

--> Synchronizing with growing investment in energy and power sector

--> Possibilities of Shale gas production in the Asia- Pacific countries

--> Developing countries like India and Brazil will enhance the market demand

--> Availability of cheap labor in countries like China and India.

--> Technological advancements in the machinery and processes

--> Ample oil and gas resources will attract global players

Restraints

--> Regulatory challenges

--> Environmental issues

--> Depleting oil reserves

--> High initial investments

--> Lack of skilled labor

--> Fluctuating prices of crude

Key Players

--> National Oilwell Varco

--> Welltec

--> Schlumberger Limited

--> Halliburton

--> NCS Multistage LLC

--> RPC Inc

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage