Report overview
Completion, in petroleum production, is the process of making a well ready for production (or injection). This principally involves preparing the bottom of the hole to the required specifications, running in the production tubing and its associated downhole tools as well as perforating and stimulating as required. Sometimes, the process of running in and cementing the casing is also included.
This report covers traditional and intelligent completions equipment.
Between these, intelligent completions incorporate permanent downhole sensors and surface-controlled downhole flow control valves, enabling the operators to monitor, evaluate, and actively manage production (or injection) in real time without any well interventions. Data are transmitted to surface for local or remote monitoring.
This report aims to provide a comprehensive presentation of the global market for Well Completion Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Well Completion Equipment. This report contains market size and forecasts of Well Completion Equipment in global, including the following market information:
Global Well Completion Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Well Completion Equipment Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Well Completion Equipment companies in 2022 (%)
The global Well Completion Equipment market was valued at US$ 7977.6 million in 2022 and is projected to reach US$ 14050 million by 2029, at a CAGR of 8.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Schlumberger was the world's biggest manufacturer in the Well Completion Equipment industry, accounted for 16.4% market share of the global market, followed by Baker Hughes, Halliburton, Weatherford International, Welltec, Packers Plus, National Oilwell Varco, Forum Energy Technologies, CNPC, Wellcare Oil Tools, Schoeller-Bleckmann, Completion Technology Resources, Innovex Downhole Solutions, SPT Energy Group, Yantai Jereh, Petro-king, COSL.The top 5 companies had a combined market share of 61% of the global total.North America was the largest consumption area in the world in 2018.
We surveyed the Well Completion Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Well Completion Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Well Completion Equipment Market Segment Percentages, by Type, 2022 (%)
Traditional Well Completion Equipment
Intelligent Well Completion Equipment
Global Well Completion Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Well Completion Equipment Market Segment Percentages, by Application, 2022 (%)
Onshore Wells
Offshore Wells
Global Well Completion Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Well Completion Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Well Completion Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Well Completion Equipment revenues share in global market, 2022 (%)
Key companies Well Completion Equipment sales in global market, 2018-2023 (Estimated), (Units)
Key companies Well Completion Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baker Hughes
Halliburton
Schlumberger
Weatherford International
Welltec
Packers Plus
National Oilwell Varco
Forum Energy Technologies
CNPC
Wellcare Oil Tools
Schoeller-Bleckmann
Completion Technology Resources
Innovex Downhole Solutions
SPT Energy Group
Yantai Jereh
Petro-king
COSL
Outline of Major Chapters:
Chapter 1: Introduces the definition of Well Completion Equipment, market overview.
Chapter 2: Global Well Completion Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Well Completion Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Well Completion Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Well Completion Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
