DALLAS, December 1, 2014 /PRNewswire/ --
ReportsnReports.com adds Global Well Completion Equipment Market 2015-2019 and 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 research reports to its store.
Global Well Completion Equipment Market growth is driven by a strong demand from the oil and gas sector. Global Well Completion Equipment Market 2015-2019 research report, available starting Dec 3, 2014, forecasts the industry to post a CAGR of 11.45% from 2015-2019. This demand will encourage large investments in advanced, efficient well completion technologies, which will help ensure that the oil and gas sector is able to meet production requirements. This research emphasizes increased investment and technological advances in well completion equipment. These advancements will help improve production rates and well management, redevelop existing oilfield wells, and facilitate production from unconventional resources.
Advancement in intelligent well completion technology will significantly increase the efficiency, control and monitoring of the well. Advanced stimulation techniques will increase the overall recovery and redevelopment of the maturing well and also facilitate the production from unconventional resources like shale formations. Market vendors are also increasing their investments in R&D, which is another factor that will likely improve the reliability and efficiency of well completion equipment. These developments will help the oil and gas sector increase production volume while decreasing associated costs and risk.
The Global Well Completion Equipment Market 2015-2019 report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Well Completion Equipment market forecast and its growth prospects in the coming years. The report also includes segmentation on the basis of type of equipment along with geographical segmentation. It also includes a discussion of the key vendors operating in this market.
Companies discussed in this worldwide well completion equipment industry research include Baker Hughes, Halliburton, Schlumberger, Welltec, Weatherford International, TAM International, Crossover, Watson Packer, T I W Corporation, Casewell Services, World Oil Tools, Map Oil Tools, HP Well Screen, Turn-Tex Machine & Tool, Performance Wellhead & Frac Components, Wellhead Works, Red Spider Technology and Patterson Services. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=319495 - this report is available starting Dec 3, 2014.
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 research report is of 211 pages. This report estimates the completion equipment & services market value in terms of $million. This has been broken down into component regions and further split into countries. Complete report is available at http://www.reportsnreports.com/reports/286975-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.html .
The completion equipment & services are required for the completion of oil and gas well after drilling for the production to commence. The ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the completion equipment & services market. However, issues associated with the environment and increased seismic activities have slowed down the growth of this market.
The growth of the completion equipment & 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, and so on different types of completion equipment & services are required to assist the drilling and exploration activities.
The growth in drilling and exploration activities is attributed to the continuous increase in energy demand globally. These activities are expected to grow further as the world energy demand for oil would reach around 4 GTOE by 2020. This rise in energy demand has resulted in increased drilling and completion activities in all parts of the world. This has also put pressure to extract more from each well and thus further deep exploration is done. This increase in the drilling activity increases the requirement of completion equipment & services.
The North American market share is more than 40% of the total global completion equipment & services revenue. In North America, U.S. is the largest market and is lead by Halliburton, Schlumberger, Baker Hughes, and Superior Energy Services. Chinese and few Asian players are expected to grow in the near future.
The completion equipment & services market is segmented in six regions, namely North America, South America, Europe, Africa, Asia-Pacific, and the Middle East. The report also touches on various other important aspects of the market. It includes an analysis of the value chain, Porter's five forces analysis, and the competitive landscape. In addition, 10 key players of this market have also been profiled.
Companies profiled in this completion equipment and services market research include Baker Hughes Incorporated, Halliburton, Nabors Industries Limited, National Oilwell Varco Inc., RPC Inc., Sanjel Corporation, Schlumberger Ltd., Superior Energy Services Inc., Trican Well Service Ltd., Weatherford International Ltd. and Welltec International A/S. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=286975 .
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