DUBLIN, Apr. 20, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/v674jm/completion) has announced the addition of the "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" report to their offering.
Completion Equipment & Services market: $13.0 billion market by 2019 signifies a firm annualized growth rate of 3.9% from 2014 to 2019.
This report estimates the completion equipment and services market size in terms of $million. This has been broken down into component regions and further split into countries.
Completion equipment and services are required to complete the drilling process of an oil & gas well to commence production. The ever-increasing exploration & production activities across the globe and new areas of unconventional resources are the main drivers of the completion equipment and services market. However, issues associated with the environment and increased seismic activities have slowed down the growth of this market.
In addition, the growth of the completion equipment and services market is directly proportional to the on-going drilling and completion activities around the world. On the basis of various factors such as geological condition, type of reservoir etc., different types of completion equipment and services are required to assist the drilling & exploration activities.
Growth in drilling and exploration activities is attributed to the continuous increase in world energy demand. These activities are expected to grow further as the world energy demand for oil would reach around 4 GTOE by 2020. This rise has resulted in increased drilling and completion activities across geographies. It has also put pressure to extract more from each well, and thus, further deep exploration is carried out. This increase in drilling activities has raised the requirement for completion equipment and services.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Well Completion Equipment & Services Market, By Type
8 Well Completion Equipment & Services Market, By Application
9 Well Completion Equipment & Services Market, By Region
10 Well Completion Equipment & Services Market: Buying Behavior Analysis
11 Competitive Landscape
12 Company Profiles
- Baker Hughes Incorporated
- FTS International.
- NCS Multistage
- Nabors Industries Ltd.
- National Oilwell Varco
- Nine Energy Services Inc.
- Packers Plus Energy Services Inc.
- RPC Inc.
- Schlumberger Ltd.
- Superior Energy Services Inc.
- Trican Well Service Ltd.
- Weatherford International
- Welltec As
For more information visit http://www.researchandmarkets.com/research/v674jm/completion
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SOURCE Research and Markets