Well Completion Equipment & Services Market Worth USD 11.09 Billion by 2021 - Resuming Shale Operations Driving Growth - Research and Markets
DUBLIN, July 1, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Well Completion Equipment and Services Market - Global Trends and Forecast to 2021" report to their offering.
The well completion equipment & services market is expected to reach a size of USD 11.09 billion by 2021, at a CAGR of 4.31% from 2016 to 2021. Factors such as refracking of mature oil & gas wells and resuming shale operations are driving the market globally. Packers is the largest segment of the well completion equipment & services market based on type.
In terms of market, by applications, the offshore application for the well completion equipment & services market is projected to grow at the fastest pace during the forecast period. The dwindling oil & gas reserves in the onshore fields have forced the operators to venture into offshore regions. This trend is likely to continue in the future as the increase in the production from the deepwater and ultra-deepwater reservoirs will drive the demand for the well completion equipment & services as well.
North America & Asia-Pacific dominates the global well completion equipment & services market . In North America, the growth of the well completion equipment & services market can be attributed to factors such as shale revolution and presence of large drilled but not completed (DUC) wells, particularly in the U.S. Meanwhile, Asia-Pacific accounts for a large portion of the global oil & gas demand from both domestic and industrial sector.
This demand is expected to rise further in the near future, as transportation sectors in developing countries continue to flourish. So investments are being done to increase the production capacity which in turn drives the market for well completion equipment & services in this region. Meanwhile, the deepwater discoveries will increase the demand for well completion equipment & services in Africa, the fastest growing market.
Companies Mentioned:
- Baker Hughes Inc.
- Fts International
- Halliburton Company
- Nabors Industries Ltd.
- National Oilwell Varco, Inc.
- Ncs Multistage
- Nine Energy Services
- Packers Plus Energy Services Inc.
- Rpc Incorporated
- Schlumberger Ltd.
- Superior Energy Services
- Trican Well Service Ltd.
- Weatherford International Plc
- Welltec
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Well Completion Equipment & Services Market, By Type
7 Well Completion Equipment & Services Market, By Application
8 Well Completion Equipment & Services Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/9z52z6/well_completion
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