DALLAS, April 7, 2015 /PRNewswire/ --
The report "Completion Equipment and Services Market by Type (Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application (Onshore, Offshore) & Geography - Global Trends & Forecast to 2019" published by MarketsandMarkets, The global Completion Equipment and Services Market were expected to be valued at $10.7 Billion in 2014. This value is estimated to increase to $13 Billion by 2019, at a CAGR of 3.9% during the forecast period.
Browse 69 market data Tables and 46 Figures spread through 158 Pages and in-depth TOC on "Completion Equipment and Services Market"
Early buyers will receive 10% customization on this report.
The Completion Equipment and Services Market are likely to grow reasonably in the upcoming years. The long-term drivers of the market are well known. Onshore and offshore drilling and exploration activities are always associated with elevated danger and require huge investments for the exploration and development of oil & gas. In addition, to increase efficiency in deepwater and in ultra-deepwater arenas, state-of-the-art technology that reduces risk, increases completion efficiencies, and maximizes production are required. This increases the demand for high competent tools, equipment, and services in the market to reduce the risk associated with this market.
Inquiry before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=10119998
The major drivers of the Completion Equipment and Services Market include increase in production rate, new additions to recoverable reserves, energy strategy shift towards gas, and energy security by domestic supply. Strict environmental rules & regulations and plunge in the number of refineries are seen as major restraints of the Completion Equipment and Services Market. Meanwhile, North America held the major market share in the global Completion Equipment and Services Market in 2014.
The market has been estimated from the demand point of view. This report breaks the market into smaller service segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 11 companies in the Completion Equipment and Services Market.
The global Completion Equipment and Services Market were expected to be valued at $10.7 billion in 2014. This value is estimated to increase to $13 billion by 2019, at a CAGR of 3.9% during the forecast period. North America was expected to lead the global Completion Equipment and Services Market with a share of more than 40% in 2014.
Browse related reports
Subsea Control Systems Market by Types (Underwater and Topside), Application (Production, Processing & Others), Components (SCM, Umbilical Termination Assembly, Umbilical, MCS, Sensors, & Others) & by Region- Global Trends and Forecasts to 2019
Well Testing Services Market by Services (Real Time Well Testing, Downhole Well Testing, Reservoir Sampling, & Surface Well Testing), by Application (Onshore & Offshore) and by Region - Global Trends & Forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252