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The downhole tools market is forecasted to grow by USD 9.8 billion during 2023-2028, accelerating at a CAGR of 4.82% during the forecast period. The report on the downhole tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in unconventional oil and gas resources, growing popularity of offshore field operations, and discovery of new oilfields and refineries.
The downhole tools market is segmented as below:
By Application
- Drilling
- Well intervention
- Completion
By Geographical Landscape
- North America
- Middle East and Africa
- Europe
- APAC
- South America
The report on the downhole tools market covers the following areas:
- Downhole tools market sizing
- Downhole tools market forecast
- Downhole tools market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global downhole tools market: Aker Solutions ASA, AKITA Drilling Ltd, American Oilfield Tools Inc., Archer Ltd., Baker Hughes Co., Dril Quip Inc., General Electric Co., Halliburton Co., Hunting Plc, Innovex, NexTier Oilfield Solutions Inc., Nine Energy Service Inc, NOV Inc., Schlumberger Ltd., Schoeller Bleckmann Oilfield Equipment AG, Superior Energy Services Inc., Tasman Oil Tools Ltd., The Weir Group Plc, Tryton Tool Services, and Weatherford International Plc.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is new-generation automated drilling rigs."
According to the report, one of the major drivers for this market is the rise in unconventional oil and gas resources.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aker Solutions ASA
- AKITA Drilling Ltd
- American Oilfield Tools Inc.
- Archer Ltd.
- Baker Hughes Co.
- Dril Quip Inc.
- General Electric Co.
- Halliburton Co.
- Hunting Plc
- Innovex
- NexTier Oilfield Solutions Inc.
- Nine Energy Service Inc
- NOV Inc.
- Schlumberger Ltd.
- Schoeller Bleckmann Oilfield Equipment AG
- Superior Energy Services Inc.
- Tasman Oil Tools Ltd.
- The Weir Group Plc
- Tryton Tool Services
- Weatherford International Plc
