DUBLIN, July 3, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/5cj7cg/completion) has announced the addition of the "Completion Equipment Market by Type (Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other) & Geography - Global Trends & Forecast to 2019" report to their offering.
The growing demand of energy, with increasing investments in offshore and unconventional exploration and production activities, is expected to drive the global completion equipment market. It is estimated to reach $17.9 billion by 2019, at CAGR of 10.8% from 2014 to 2019. The latest and highly advanced technology required in the African and South American region, with high growth in deep and ultra-deep water explorations, are expected to experience the highest value-generation growth during the next five years.
The completion equipment & services are well completion technology used for packing, sand controlling, and many other such purposes. The completion services include performing casing, cementing, perforating, gravel packing, and installing a production tree for the well to start production. It is also important to identify whether the hole should be plugged and abandoned as a dry hole. These completion activities require various completion equipments to perform the above mentioned services. With technological developments impacting the completion equipment market, various new technologies such as sensors to measure flow properties that includes rate, pressure and gas-to-oil ratio known as smart wells have impacted greatly.
Completion equipment & services are provided by oilfield service companies (such as Halliburton) to oil and gas companies (such as Shell). Completion equipment & services are frequently used after the drilling of a well.
The market is at its highest in North America, where many leading oil field service companies-Schlumberger, Halliburton, Baker Hughes, and other medium and small players-operate. While the North American completion equipment market is reaching its maturity, the other geographic regions' markets exhibit a decent growth rate owing to the new development of hydrocarbon reserves.
For this report, the major players in the market are identified through secondary and primary research based on which their market shares are evaluated. This includes a study of the annual reports of the top players and interviews with key opinion leaders such as CEOs, directors, and marketing executives.
The size of the overall market is determined by forecasting techniques based on the demand in different regions, which is validated through primary sources. The market revenue for various types of completion equipment & services are determined and evaluated using primary and secondary research. The data for the completion equipment market is available from 2012 to 2019, with a CAGR from 2014 to 2019.
This report analyzes various marketing trends and establishes the most-effective growth strategy. It identifies various dynamics such as drivers, opportunities, burning issues, and winning imperatives for the completion equipment market. Major companies such as-Schlumberger; Halliburton, Baker Hughes, and Weatherford have also been profiled in this report.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Analysis
5 Completion Equipment & Services, By Type
6 Completion Equipment & Services Market, By Geography
7 Competitive Landscape
8 Company Profiles
- Baker Hughes Incorporated
- Nabors Industries Limited
- National Oilwell Varco Inc.
- RPC Inc.
- Sanjel Corporation
- Schlumberger Ltd.
- Superior Energy Services Inc.
- Trican Well Service Ltd.
- Weatherford International Ltd.
- Welltec International A/S
For more information visit http://www.researchandmarkets.com/research/5cj7cg/completion
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SOURCE Research and Markets