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Downhole Tools - Global Strategic Business Report

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    Report

  • 434 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804765
The global market for Downhole Tools was estimated at US$7.4 Billion in 2023 and is projected to reach US$8.4 Billion by 2030, growing at a CAGR of 1.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Well Drilling segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of 1.7%. The Well Completion & Production segment is also set to grow at 2.2% CAGR for the next 8-year period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $2 Billion in 2023, and China, forecasted to grow at an impressive 2.8% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Downhole Tools Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Downhole Tools Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Downhole Tools Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Anton Oilfield Services Ltd., Baker Hughes, a GE company, Bilco Tools, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 322 Featured):

  • Anton Oilfield Services Ltd.
  • Baker Hughes, a GE company
  • Bilco Tools, Inc.
  • Excalibre Downhole Tools Ltd.
  • Halliburton
  • Moog, Inc.
  • National Oilwell Varco, Inc.
  • Oil States International, Inc.
  • Schlumberger Ltd.
  • Schoeller-Bleckmann Oilfield Equipment AG
  • United Drilling Tools Ltd.
  • Weatherford International Ltd.
  • Wenzel Downhole Tools Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Downhole Tools - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Focus on Reservoir Management Strengthens Business Case for Downhole Tools
  • Expansion of Offshore Drilling Projects Spurs Demand for Advanced Downhole Tools
  • Technological Innovations in Downhole Monitoring Tools Set the Stage for Market Growth
  • Rising Adoption of Downhole Tools in Horizontal and Directional Drilling Expands Market Opportunities
  • Technological Innovations in Downhole Motors and Rotary Steerable Systems Propel Adoption in Complex Formations
  • Growing Applications of Downhole Tools in Geothermal Energy Exploration Drive Market Expansion
  • Advances in Downhole Fishing Tools Propel Growth in Wellbore Recovery Operations
  • Technological Innovations in Corrosion-Resistant Downhole Tools Propel Growth in Aggressive Environments
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Downhole Tools by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Downhole Tools by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 3: World 16-Year Perspective for Downhole Tools by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 4: World Downhole Tools Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Well Drilling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Well Drilling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Well Drilling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Well Completion & Production by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Well Completion & Production by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Well Completion & Production by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Well Intervention by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Well Intervention by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Well Intervention by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Formation & Evaluation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Formation & Evaluation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Formation & Evaluation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • TABLE 17: USA Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 18: USA Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 19: USA 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
CANADA
  • TABLE 20: Canada Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 21: Canada Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 22: Canada 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
JAPAN
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • TABLE 23: Japan Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 24: Japan Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 25: Japan 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
CHINA
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • TABLE 26: China Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 27: China Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 28: China 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
EUROPE
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • TABLE 29: Europe Recent Past, Current & Future Analysis for Downhole Tools by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 30: Europe Historic Review for Downhole Tools by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 31: Europe 16-Year Perspective for Downhole Tools by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • TABLE 32: Europe Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 33: Europe Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 34: Europe 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
FRANCE
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • TABLE 35: France Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 36: France Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 37: France 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
GERMANY
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • TABLE 38: Germany Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 39: Germany Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 40: Germany 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
ITALY
  • TABLE 41: Italy Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 42: Italy Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 43: Italy 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
UNITED KINGDOM
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • TABLE 44: UK Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 45: UK Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 46: UK 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
SPAIN
  • TABLE 47: Spain Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 48: Spain Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 49: Spain 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
RUSSIA
  • TABLE 50: Russia Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 51: Russia Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 52: Russia 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
REST OF EUROPE
  • TABLE 53: Rest of Europe Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 54: Rest of Europe Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 55: Rest of Europe 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
ASIA-PACIFIC
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Downhole Tools by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 57: Asia-Pacific Historic Review for Downhole Tools by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 58: Asia-Pacific 16-Year Perspective for Downhole Tools by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • TABLE 59: Asia-Pacific Recent Past, Current & Future Analysis for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 60: Asia-Pacific Historic Review for Downhole Tools by Segment - Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • TABLE 61: Asia-Pacific 16-Year Perspective for Downhole Tools by Segment - Percentage Breakdown of Value Sales for Well Drilling, Well Completion & Production, Well Intervention and Formation & Evaluation for the Years 2014, 2024 & 2030
AUSTRALIA
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Downhole Tools Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • Anton Oilfield Services Ltd.
  • Baker Hughes, a GE company
  • Bilco Tools, Inc.
  • Excalibre Downhole Tools Ltd.
  • Halliburton
  • Moog, Inc.
  • National Oilwell Varco, Inc.
  • Oil States International, Inc.
  • Schlumberger Ltd.
  • Schoeller-Bleckmann Oilfield Equipment AG
  • United Drilling Tools Ltd.
  • Weatherford International Ltd.
  • Wenzel Downhole Tools Ltd.

Table Information