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Downhole Tools Market Location of Deployment (Onshore, Offshore), Tool Type (Drilling Tools, Flow and Pressure Control Tools, Impurity Control Tools, Logging Tools, Handling Tools), Application and Region - Forecast to 2029

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    Report

  • 254 Pages
  • May 2024
  • Region: Global
  • Markets and Markets
  • ID: 5977485
Description Jump to:
The downhole tools market is forecast to reach USD 7.8 billion by 2029 from an estimated USD 6.1 billion in 2024, at a CAGR of 4.8% during the forecast period (2024-2029). The rise in the demand for Exploration & production activities, and the need to provide steady supply of energy is driving the market.

Well Intervention: The fastest segment of the downhole tools market, by application.

Based on application, the downhole tools market has been split into four types: Well Intervention, Well Drilling, Well Completion & Production, and Formation & Evaluation. Well Intervention is expected to be the fastest segment in the market. Well Intervention is a process carried out in an oil or gas well to enhance production, restore optimal functionality, ensure its integrity. Well Intervention is performed to Increase the productivity of the oil and gas operations performed in the well.

Drilling Tools segment is expected to emerge as the fastest segment by Tool type.

Based on Tool type, the downhole tools market has been segmented into Drilling tools, Flow & Pressure Control tools, Impurity Control tools, Logging tools, and Handling Tools. The growth in the Drilling tools is driven by increased drilling activities, technological advancements, the development of unconventional resources, a focus on efficiency and cost reduction, the rise in deepwater drilling, enhanced drilling techniques, rising exploration investments, aging infrastructure redevelopment, and improved accessibility and infrastructure.

North America is expected to be the largest region in the downhole tools market.

North America is expected to be the largest region in the downhole tools market between 2024-2029. The market in North America comprises US, Canada, and Mexico. The growth of the downhole tools market in the North America region is largely supported by the abundant unconventional resources, Increasing Exploration & Production activities, and favorable regulatory environment. North America is home to major oilfield service companies such as Schlumberger, Halliburton, Baker Hughes, and Weatherford. These companies provide a wide range of downhole tools and services, contributing to the market's growth.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
  • By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
  • By Designation: C-Level - 35%, Director Levels - 25%, and Others - 40%
  • By Region: North America - 10%, Europe - 15%, Asia Pacific - 60%, the Middle East & Africa - 10%, and South America - 5%
Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined based on their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

The Downhole tools market is dominated by a few major players that have a wide regional presence. The leading players in the Downhole tools market are SLB (US), Baker Hughes Company (US), Halliburton Co (US), Tenaris (Luxembourg), TechnipFMC (France).esearch Coverage:
The report defines, describes, and forecasts the downhole tools market, by tool type, by application, by location of deployment, for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the downhole tools market.

Key Benefits of Buying the Report

  • Rising global energy demand, increased exploration and production activities, technological advancements are some of the factors driving the downhole tools market. Volatility in energy prices, environmental and regulatory concerns hinder downhole tools market growth. The Expansion into emerging markets, Enhanced oil recovery techniques offer lucrative opportunities in this market. The operational challenges and supply chain disruptions are some of the challenges faced in this market.
  • Product Development/ Innovation: The developments such as the high-performance mud motors and rotary steerable systems (RSS) is a pivotal trend in downhole tools development. RSS technology allows for precise control of the wellbore trajectory without stopping drilling operations. This capability is crucial for optimizing the drilling process, enhancing efficiency, and achieving desired wellbore paths. RSS allows for continuous rotation of the drill string while steering the wellbore in the desired direction.
  • Market Development: The development of downhole tools is essential in providing safe and productive extraction of oil and gas during increasing demand periods. Favorable government policies promoting energy security, increasing investments in like oil & gas, advancements in Oilfield Technologies create downhole tools market growth.
  • Market Diversification: Baker Hughes Company acquired Altus Intervention, a leading international provider of well intervention services and downhole technology, which significantly enhances their existing portfolio.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like SLB (US), Baker Hughes Company (US), Halliburton Co (US), Tenaris (Luxembourg), TechnipFMC (France) among others in the downhole tools market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Downhole Tools Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.3.4 Inclusions and Exclusions
Table 1 Downhole Tools Market: Inclusions and Exclusions, by Application
Table 2 Downhole Tools Market: Inclusions and Exclusions, by Location of Deployment
Table 3 Downhole Tools Market: Inclusions and Exclusions, by Tool Type
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.8 Impact of Recession
1.9 Geopolitical Scenario Impacting Market Growth
2 Research Methodology
2.1 Research Data
Figure 2 Research Design
2.2 Primary and Secondary Research
2.2.1 Secondary Data
2.2.1.1 Key Secondary Sources
2.2.1.2 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Participants for Primary Interviews
2.2.2.2 Key Data from Primary Sources
2.2.2.3 Key Industry Insights
2.2.2.4 Breakdown of Primaries
Figure 3 Breakdown of Primary Interviews
2.3 Market Scope
Figure 4 Main Metrics Considered to Analyze Trends and Assess Demand for Downhole Tools
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Demand-Side Analysis
2.4.3.1 Country-Level Analysis
2.4.3.2 Demand-Side Assumptions
2.4.3.3 Demand-Side Calculations
2.4.4 Supply-Side Analysis
Figure 7 Key Steps Considered to Assess Supply of Downhole Tools
Figure 8 Downhole Tools Market: Supply-Side Analysis
2.4.4.1 Supply-Side Assumptions
2.4.4.2 Supply-Side Calculations
2.4.5 Forecast Assumptions
2.5 Market Breakdown and Data Triangulation
Figure 9 Data Triangulation
2.6 Research Assumptions
2.7 Research Limitations
2.8 Risk Assessment
2.9 Recession Impact
3 Executive Summary
Table 4 Downhole Tools Market Snapshot
Figure 10 North America Dominated Downhole Tools Market in 2023
Figure 11 Drilling Tools Segment to Exhibit Highest CAGR in Downhole Tools Market During Forecast Period
Figure 12 Well Intervention Segment to Register Highest CAGR in Downhole Tools Market During Forecast Period
Figure 13 Onshore Segment to Hold Larger Market Share in 2029
4 Premium Insights
4.1 Attractive Opportunities for Players in Downhole Tools Market
Figure 14 Exploration of Deepwater and Shale Gas Reserves to Create Lucrative Opportunities for Market Players
4.2 Downhole Tools Market in North America, by Location of Deployment and Country
Figure 15 Onshore Segment and US to Account for Largest Shares of Downhole Tools Market in North America in 2029
4.3 Downhole Tools Market, by Application
Figure 16 Well Drilling Segment to Dominate Downhole Tools Market in 2029
4.4 Downhole Tools Market, by Tool Type
Figure 17 Drilling Tools Segment to Dominate Downhole Tools Market in 2029
4.5 Downhole Tools Market, by Location of Deployment
Figure 18 Onshore Segment to Lead Downhole Tools Market in 2029
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Downhole Tools Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Advancements in Downhole Data Collection Technologies
5.2.1.2 Increased Drilling Activities and Investments in Oil & Gas Industry
Figure 20 Forecast of 2023 US Wells and Footage to be Drilled, 2022 & 2023
5.2.2 Restraints
5.2.2.1 Transition Toward Renewable Energy to Mitigate Carbon Emissions
Figure 21 Renewable Electricity Share of Total Final Energy Consumption (Tfec), by Sector, 2010 & 2020
5.2.2.2 Volatility in Oil Prices
Figure 22 US Crude Oil Prices, 2020-2024 (USD Per Barrel)
5.2.3 Opportunities
5.2.3.1 Increasing Oil & Gas Discoveries
Figure 23 Top 15 Explorers, by Net Discovered Resources, 2022
5.2.3.2 Digitalization and Automation in Oil & Gas Wells
5.2.4 Challenges
5.2.4.1 Stringent Government Regulations Related to Offshore Drilling
5.2.4.2 Complex Well Intervention Operations in Harsh High-Pressure and High-Temperature (Hpht) Environmental Conditions
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 24 Trends/Disruptions Impacting Customers’ Businesses
5.4 Pricing Analysis
5.4.1 Indicative Pricing Trend, by Location of Deployment
Figure 25 Indicative Pricing Trend of Downhole Tools, by Location of Deployment, 2021, 2022, 2023, and 2029 (USD Million)
Table 5 Indicative Pricing Trend of Downhole Tools, by Location of Deployment, 2021, 2022, 2023, and 2029 (USD Million)
5.4.2 Average Selling Price (ASP) Trend, by Region
Table 6 Average Selling Price (ASP) Trend of Downhole Tools, by Region, 2021, 2022, 2023, and 2029 (USD Million)
Figure 26 Average Selling Price (ASP) Trend of Downhole Tools, by Region, 2021, 2022, 2023, and 2029 (USD Million)
5.5 Value Chain Analysis
Figure 27 Value Chain Analysis
5.6 Ecosystem Analysis
Table 7 Roles of Companies in Downhole Tools Ecosystem
Figure 28 Key Participants in Downhole Tools Ecosystem
5.7 Technology Analysis
5.7.1 Key Technology
5.7.1.1 Rotary Steerable System (RSS)
5.7.2 Adjacent Technology
5.7.2.1 Eplus Retina Monitoring System
5.8 Patent Analysis
Figure 29 Innovations and Patent Registrations Pertaining to Downhole Tools, 2014-2023
Table 8 List of Major Patents Related to Downhole Tools, 2021-2023
5.9 Trade Analysis
5.9.1 Import Scenario (HS Code 730423)
Table 9 Import Data for HS Code 730423-Compliant Products, by Country, 2020-2022 (USD Thousand)
5.9.2 Export Scenario (HS Code 730423)
Table 10 Export Data for HS Code 730423-Compliant Products, by Country, 2020-2022 (USD Thousand)
Figure 30 Import and Export Data for HS Code 730423-Compliant Products, 2020-2022 (USD Thousand)
5.9.3 Import Scenario (HS Code 730424)
Table 11 Import Data for HS Code 730424-Compliant Products, by Country, 2020-2022 (USD Thousand)
5.9.4 Export Scenario (HS Code 730424)
Table 12 Export Data for HS Code: 730424-Compliant Products, by Country, 2020-2022 (USD Thousand)
Figure 31 Import and Export Data for HS Code 730424-Compliant Products, 2020-2022 (USD Thousand)
5.10 Key Conferences and Events, 2024-2025
Table 13 Downhole Tools Market: List of Key Conferences and Events, 2024-2025
5.11 Tariffs and Regulatory Landscape
5.11.1 Tariffs Related to Downhole Tools
Table 14 Import Tariff Related to HS 730424-Compliant Products in 2022
Table 15 Import Tariff Related to HS 730423-Compliant Products in 2022
5.11.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 19 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 20 Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 21 South America: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.11.3 Regulations
Table 22 Downhole Tools Market: Regulations
5.12 Porter's Five Forces Analysis
Figure 32 Porter's Five Forces Analysis
Table 23 Downhole Tools Market: Porter's Five Forces Analysis
5.12.1 Threat of New Entrants
5.12.2 Bargaining Power of Suppliers
5.12.3 Bargaining Power of Buyers
5.12.4 Threat of Substitutes
5.12.5 Intensity of Competitive Rivalry
5.13 Key Stakeholders and Buying Criteria
5.13.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process, by Application
Table 24 Influence of Stakeholders on Buying Process, by Application
5.13.2 Buying Criteria
Figure 34 Key Buying Criteria, by Application
Table 25 Key Buying Criteria, by Application
5.14 Case Study Analysis
5.14.1 Packers Plus’ Specialty Tool CT Ball Seat Activator Prevented Costly Remediation
5.14.2 Renegades Nuwav Camera, Part of Downhole Insight™ Suite of Tools, Stopped Critical Npt and Alleviated Risk Associated with Well
5.14.3 Expro Group Provided Well Construction Solution That Delivers Cost Reduction and Increased Efficiency in Cavern Storage Wells
5.15 Investment and Funding Scenario
Figure 35 Investment and Funding Scenario, 2021-2024 (USD Billion)
6 Downhole Tools Market, by Location of Deployment
6.1 Introduction
Figure 36 Downhole Tools Market, by Location of Deployment
Table 26 Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 27 Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
6.2 Onshore
6.2.1 Rising Use to Optimize Onshore Drilling, Improve Well Performance, and Reduce Operational Costs to Fuel Market Growth
Table 28 Onshore: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 29 Onshore: Downhole Tools Market, by Region, 2024-2029 (USD Million)
6.3 Offshore
6.3.1 Growing Adoption to Optimize Drilling Parameters and Enhance Wellbore Stability in Deepwater Reservoirs to Drive Market
Table 30 Offshore: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 31 Offshore: Downhole Tools Market, by Region, 2024-2029 (USD Million)
Table 32 Shallow Water: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 33 Shallow Water: Downhole Tools Market, by Region, 2024-2029 (USD Million)
Table 34 Deepwater: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 35 Deepwater: Downhole Tools Market, by Region, 2024-2029 (USD Million)
Table 36 Ultra Deepwater: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 37 Ultra Deepwater: Downhole Tools Market, by Region, 2024-2029 (USD Million)
7 Downhole Tools Market, by Tool Type
7.1 Introduction
Figure 37 Downhole Tools Market, by Tool Type
Table 38 Downhole Tools Market, by Tool Type, 2021-2023 (USD Million)
Table 39 Downhole Tools Market, by Tool Type, 2024-2029 (USD Million)
7.2 Drilling Tools
7.2.1 Advancements in Drilling Tools to Drive Demand
Table 40 Drilling Tools: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 41 Drilling Tools: Downhole Tools Market, by Region, 2024-2029 (USD Million)
7.3 Flow & Pressure Control Tools
7.3.1 Rising Use of Flow & Pressure Control Tools to Regulate Flow of Oil & Gas and Maintain Well Control to Drive Market
Table 42 Flow & Pressure Control Tools: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 43 Flow & Pressure Control Tools: Downhole Tools Market, by Region, 2024-2029 (USD Million)
7.4 Handling Tools
7.4.1 Increasing Adoption of Handling Tools for Safe and Efficient Management of Tubular Goods and Drill Pipes During Oil & Gas Production to Fuel Market Growth
Table 44 Handling Tools: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 45 Handling Tools: Downhole Tools Market, by Region, 2024-2029 (USD Million)
7.5 Impurity Control Tools
7.5.1 Growing Demand for Impurity Control Tools to Prevent Impurities and Contaminants and Ensure Efficiency During Production to Drive Market
Table 46 Impurity Control Tools: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 47 Impurity Control Tools: Downhole Tools Market, by Region, 2024-2029 (USD Million)
7.6 Logging Tools
7.6.1 Increasing Use of Logging Tools to Attain Real-Time Data and Monitor Production Processes to Drive Market
Table 48 Logging Tools: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 49 Logging Tools: Downhole Tools Market, by Region, 2024-2029 (USD Million)
8 Downhole Tools Market, by Application
8.1 Introduction
Figure 38 Downhole Tools Market, by Application
Table 50 Downhole Tools Market, by Application, 2021-2023 (USD Million)
Table 51 Downhole Tools Market, by Application, 2024-2029 (USD Million)
8.2 Well Drilling
8.2.1 Increasing Global Deepwater Drilling Activities and Multi-Stage Drilling for Shale Gas to Drive Market
Table 52 Well Drilling: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 53 Well Drilling: Downhole Tools Market, by Region, 2024-2029 (USD Million)
8.3 Well Completion & Production
8.3.1 Increasing Focus on Maximizing Yield Using Advanced Techniques in Well Completion and Production Stages to Drive Demand
Table 54 Well Completion & Production: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 55 Well Completion & Production: Downhole Tools Market, by Region, 2024-2029 (USD Million)
8.4 Well Intervention
8.4.1 Need to Optimize Output Using Strategic Well Interventions and Enhance Performance to Drive Market
Table 56 Well Intervention: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 57 Well Intervention: Downhole Tools Market, by Region, 2024-2029 (USD Million)
8.5 Formation & Evaluation
8.5.1 Focus on Unlocking Reservoir Potential Using Innovative Methods in Formation & Evaluation Stage to Fuel Market Growth
Table 58 Formation & Evaluation: Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 59 Formation & Evaluation: Downhole Tools Market, by Region, 2024-2029 (USD Million)
9 Downhole Tools Market, by Region
9.1 Introduction
Figure 39 Downhole Tools Market in Asia-Pacific to Register Highest CAGR During Forecast Period
Figure 40 Downhole Tools Market, by Region
Table 60 Downhole Tools Market, by Region, 2021-2023 (USD Million)
Table 61 Downhole Tools Market, by Region, 2024-2029 (USD Million)
9.2 North America
9.2.1 Impact of Recession on Downhole Tools Market in North America
Figure 41 North America: Downhole Tools Market Snapshot
Table 62 North America: Downhole Tools Market, by Application, 2021-2023 (USD Million)
Table 63 North America: Downhole Tools Market, by Application, 2024-2029 (USD Million)
Table 64 North America: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 65 North America: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 66 North America: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 67 North America: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
Table 68 North America: Downhole Tools Market, by Tool Type, 2021-2023 (USD Million)
Table 69 North America: Downhole Tools Market, by Tool Type, 2024-2029 (USD Million)
Table 70 North America: Downhole Tools Market, by Country, 2021-2023 (USD Million)
Table 71 North America: Downhole Tools Market, by Country, 2024-2029 (USD Million)
9.2.2 US
9.2.2.1 Presence of Established Shale Oil & Gas Basins to Drive Demand
Table 72 US: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 73 US: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 74 US: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 75 US: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.2.3 Canada
9.2.3.1 Abundant Natural Gas Resources and Shale Formations to Fuel Demand
Table 76 Canada: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 77 Canada: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 78 Canada: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 79 Canada: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.2.4 Mexico
9.2.4.1 Presence of Offshore Oil Reserves to Boost Demand
Table 80 Mexico: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 81 Mexico: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 82 Mexico: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 83 Mexico: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.3 Asia-Pacific
9.3.1 Impact of Recession on Downhole Tools Market in Asia-Pacific
Figure 42 Asia-Pacific: Downhole Tools Market Snapshot
Table 84 Asia-Pacific: Downhole Tools Market, by Application, 2021-2023 (USD Million)
Table 85 Asia-Pacific: Downhole Tools Market, by Application, 2024-2029 (USD Million)
Table 86 Asia-Pacific: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 87 Asia-Pacific: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 88 Asia-Pacific: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 89 Asia-Pacific: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
Table 90 Asia-Pacific: Downhole Tools Market, by Tool Type, 2021-2023 (USD Million)
Table 91 Aisa Pacific: Downhole Tools Market, by Tool Type, 2024-2029 (USD Million)
Table 92 Asia-Pacific: Downhole Tools Market, by Country, 2021-2023 (USD Million)
Table 93 Asia-Pacific: Downhole Tools Market, by Country, 2024-2029 (USD Million)
9.3.2 China
9.3.2.1 Increasing Domestic Energy Production by State-Owned Enterprises to Drive Demand
Table 94 China: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 95 China: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 96 China: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 97 China: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.3.3 India
9.3.3.1 Increasing Domestic Production and Focus on Reducing Import Dependency to Drive Market
Table 98 India: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 99 India: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 100 India: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 101 India: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.3.4 Australia
9.3.4.1 Extensive Offshore Reserves to Drive Demand
Table 102 Australia: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 103 Australia: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 104 Australia: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 105 Australia: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.3.5 Indonesia
9.3.5.1 Presence of Onshore and Offshore Fields to Fuel Demand
Table 106 Indonesia: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 107 Indonesia: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 108 Indonesia: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 109 Indonesia: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.3.6 Malaysia
9.3.6.1 Government-Led Initiatives Related to Oil & Gas Exploration and Production Activities to Propel Demand
Table 110 Malaysia: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 111 Malaysia: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 112 Malaysia: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 113 Malaysia: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.3.7 Rest of Asia-Pacific
Table 114 Rest of Asia-Pacific: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 115 Rest of Asia-Pacific: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 116 Rest of Asia-Pacific: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 117 Rest of Asia-Pacific: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.4 South America
9.4.1 Impact of Recession on Downhole Tools Market in South America
Table 118 South America: Downhole Tools Market, by Application, 2021-2023 (USD Million)
Table 119 South America: Downhole Tools Market, by Application, 2024-2029 (USD Million)
Table 120 South America: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 121 South America: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 122 South America: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 123 South America: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
Table 124 South America: Downhole Tools Market, by Tool Type, 2021-2023 (USD Million)
Table 125 South America: Downhole Tools Market, by Tool Type, 2024-2029 (USD Million)
Table 126 South America: Downhole Tools Market, by Country, 2021-2023 (USD Million)
Table 127 South America: Downhole Tools Market, by Country, 2024-2029 (USD Million)
9.4.2 Brazil
9.4.2.1 High Number of Offshore Pre-Salt Basins to Fuel Demand
Table 128 Brazil: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 129 Brazil: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 130 Brazil: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 131 Brazil: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.4.3 Argentina
9.4.3.1 Hydrocarbon Recovery from Vaca Muerta Shale Formation to Drive Market
Table 132 Argentina: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 133 Argentina: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 134 Argentina: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 135 Argentina: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.4.4 Guyana
9.4.4.1 Stabroek Block Discovery to Drive Market
Table 136 Guyana: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 137 Guyana: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 138 Guyana: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 139 Guyana: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.4.5 Rest of South America
Table 140 Rest of South America: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 141 Rest of South America: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 142 Rest of South America: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 143 Rest of South America: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.5 Europe
9.5.1 Impact of Recession on Downhole Tools Market in Europe
Table 144 Europe: Downhole Tools Market, by Application, 2021-2023 (USD Million)
Table 145 Europe: Downhole Tools Market, by Application, 2024-2029 (USD Million)
Table 146 Europe: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 147 Europe: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 148 Europe: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 149 Europe: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
Table 150 Europe: Downhole Tools Market, by Tool Type, 2021-2023 (USD Million)
Table 151 Europe: Downhole Tools Market, by Tool Type 2024-2029 (USD Million)
Table 152 Europe: Downhole Tools Market, by Country, 2021-2023 (USD Million)
Table 153 Europe: Downhole Tools Market, by Country, 2024-2029 (USD Million)
9.5.2 Russia
9.5.2.1 Abundant Oil & Gas Resources to Create Lucrative Opportunities for Market Players
Table 154 Russia: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 155 Russia: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 156 Russia: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 157 Russia: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.5.3 Uk
9.5.3.1 Presence of Mature Offshore Reserves to Fuel Market Growth
Table 158 Uk: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 159 Uk: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 160 Uk: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 161 Uk: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.5.4 Germany
9.5.4.1 Optimization of Hydrocarbon Extraction Using Advanced Downhole Tools in North German Basin and Upper Rhine Graben to Drive Market
Table 162 Germany: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 163 Germany: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 164 Germany: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 165 Germany: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.5.5 Norway
9.5.5.1 Enhancement of Offshore Efficiency for Sustainable Hydrocarbon Production in Norwegian Continental Shelf to Fuel Demand
Table 166 Norway: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 167 Norway: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 168 Norway: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 169 Norway: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.5.6 Rest of Europe
Table 170 Rest of Europe: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 171 Rest of Europe: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 172 Rest of Europe: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 173 Rest of Europe: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6 Middle East & Africa
9.6.1 Impact of Recession on Downhole Tools Market in Middle East & Africa
Table 174 Middle East & Africa: Downhole Tools Market, by Application, 2021-2023 (USD Million)
Table 175 Middle East & Africa: Downhole Tools Market, by Application, 2024-2029 (USD Million)
Table 176 Middle East & Africa: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 177 Middle East & Africa: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 178 Middle East & Africa: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 179 Middle East & Africa: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
Table 180 Middle East & Africa: Downhole Tools Market, by Tool Type, 2021-2023 (USD Million)
Table 181 Middle East & Africa: Downhole Tools Market, by Tool Type, 2024-2029 (USD Million)
Table 182 Middle East & Africa: Downhole Tools Market, by Country, 2021-2023 (USD Million)
Table 183 Middle East & Africa: Downhole Tools Market, by Country, 2024-2029 (USD Million)
9.6.2 Gcc Countries
Table 184 Gcc Countries: Downhole Tools Market, by Country, 2021-2023 (USD Million)
Table 185 Gcc Countries: Downhole Tools Market, by Country, 2024-2029 (USD Million)
Table 186 Gcc Countries: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 187 Gcc Countries: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 188 Gcc Countries: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 189 Gcc Countries: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6.2.1 Saudi Arabia
9.6.2.1.1 Large Oil and Gas Reserves and Constant Production to Fuel Demand
Table 190 Saudi Arabia: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 191 Saudi Arabia: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 192 Saudi Arabia: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 193 Saudi Arabia: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6.2.2 Uae
9.6.2.2.1 Increasing Exploration and Production Activities Across Offshore Oil Fields to Drive Demand
Table 194 Uae: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 195 Uae: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 196 Uae: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 197 Uae: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6.2.3 Rest of Gcc Countries
Table 198 Rest of Gcc Countries: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 199 Rest of Gcc Countries: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 200 Rest of Gcc Countries: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 201 Rest of Gcc Countries: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6.3 Iran
9.6.3.1 Vast Oil and Gas Reserves to Drive Demand
Table 202 Iran: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 203 Iran: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 204 Iran: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 205 Iran: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6.4 Nigeria
9.6.4.1 Collaborations Between International Oilfield Service Companies to Drive Market
Table 206 Nigeria: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 207 Nigeria: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 208 Nigeria: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 209 Nigeria: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
9.6.5 Rest of Middle East & Africa
Table 210 Rest of Middle East & Africa: Downhole Tools Market, by Location of Deployment, 2021-2023 (USD Million)
Table 211 Rest of Middle East & Africa: Downhole Tools Market, by Location of Deployment, 2024-2029 (USD Million)
Table 212 Rest of Middle East & Africa: Downhole Tools Market for Offshore, by Location of Deployment, 2021-2023 (USD Million)
Table 213 Rest of Middle East & Africa: Downhole Tools Market for Offshore, by Location of Deployment, 2024-2029 (USD Million)
10 Competitive Landscape
10.1 Overview
10.2 Key Strengths/Right to Win, 2021-2023
Table 214 Downhole Tools Market: Overview of Strategies Adopted by Key Players, 2021-2023
10.3 Market Share Analysis, 2023
Figure 43 Downhole Tools Market Share Analysis of Five Key Players, 2023
Table 215 Downhole Tools Market: Degree of Competition, 2023
Figure 44 Industry Concentration, 2023
10.4 Revenue Analysis of Top Five Players, 2019-2023
Figure 45 Revenue Analysis of Five Key Players, 2019-2023
10.5 Company Evaluation Matrix: Key Players, 2023
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 46 Downhole Tools Market: Company Evaluation Matrix (Key Players), 2023
10.5.5 Company Footprint: Key Players, 2023
10.5.5.1 Company Footprint
Figure 47 Company Footprint
10.5.5.2 Location of Deployment Footprint
Table 216 Downhole Tools Market: Location of Deployment Footprint
10.5.5.3 Region Footprint
Table 217 Downhole Tools Market: Region Footprint
10.5.5.4 Tool Type Footprint
Table 218 Downhole Tools Market: Tool Type Footprint
10.5.5.5 Application Footprint
Table 219 Downhole Tools Market: Application Footprint
10.6 Company Evaluation Matrix: Start-Ups/SMEs, 2023
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 48 Downhole Tools Market: Company Evaluation Matrix (Start-Ups/SMEs), 2023
10.6.5 Competitive Benchmarking: Start-Ups/SMEs, 2023
10.6.5.1 Detailed List of Key Start-Ups/SMEs
Table 220 Downhole Tools Market: Detailed List of Key Start-Ups/SMEs
10.6.5.2 Competitive Benchmarking of Key Start-Ups/SMEs
Table 221 Downhole Tools Market: Competitive Benchmarking of Key Start-Ups/SMEs
10.7 Competitive Scenarios and Trends
10.7.1 Product Launches
Table 222 Downhole Tools Market: Product Launches, January 2020-April 2024
10.7.2 Deals
Table 223 Downhole Tools Market: Deals, January 2020-April 2024
10.7.3 Others
Table 224 Downhole Tools Market: Others, January 2020-April 2024
10.8 Company Valuation and Financial Metrics, 2024
Figure 49 Company Financial Metrics of Key Market Players, 2024
Figure 50 Company Valuation of Key Market Players, 2024
10.9 Brand/Product Comparison
Figure 51 Brand/Product Comparison
11 Company Profiles
11.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices, and Weaknesses and Competitive Threats)*
11.1.1 Slb
Table 225 Slb: Company Overview
Figure 52 Slb: Company Snapshot
Table 226 Slb: Products/Solutions/Services Offered
Table 227 Slb: Product Launches
Table 228 Slb: Deals
11.1.2 Halliburton Co
Table 229 Halliburton Co: Company Overview
Figure 53 Halliburton Co: Company Snapshot
Table 230 Halliburton Co: Products/Solutions/Services Offered
Table 231 Halliburton Co: Product Launches
Table 232 Halliburton Co: Deals
11.1.3 Baker Hughes Company
Table 233 Baker Hughes Company: Company Overview
Figure 54 Baker Hughes Company: Company Snapshot
Table 234 Baker Hughes Company: Products/Solutions/Services Offered
Table 235 Baker Hughes Company: Others
11.1.4 Tenaris
Table 236 Tenaris: Company Overview
Figure 55 Tenaris: Company Snapshot
Table 237 Tenaris: Products/Solutions/Services Offered
Table 238 Tenaris: Deals
11.1.5 Technipfmc PLC
Table 239 Technipfmc PLC: Business Overview
Figure 56 Technipfmc PLC: Company Snapshot
Table 240 Technipfmc PLC: Products/Solutions/Services Offered
Table 241 Technipfmc PLC: Deals
Table 242 Technipfmc PLC: Others
11.1.6 Core Laboratories
Table 243 Core Laboratories: Company Overview
Figure 57 Core Laboratories: Company Snapshot
Table 244 Core Laboratories: Products/Solutions/Services Offered
Table 245 Core Laboratories: Deals
11.1.7 Nabors Industries Ltd.
Table 246 Nabors Industries Ltd.: Company Overview
Figure 58 Nabors Industries Ltd.: Company Snapshot
Table 247 Nabors Industries Ltd.: Products/Solutions/Services Offered
Table 248 Nabors Industries Ltd.: Deals
Table 249 Nabors Industries Ltd.: Others
11.1.8 Vallourec
Table 250 Vallourec: Company Overview
Figure 59 Vallourec: Company Snapshot
Table 251 Vallourec: Products/Solutions/Services Offered
Table 252 Vallourec: Deals
Table 253 Vallourec: Others
11.1.9 Dril-Quip, Inc.
Table 254 Dril-Quip, Inc.: Company Overview
Figure 60 Dril-Quip, Inc.: Company Snapshot
Table 255 Dril-Quip, Inc.: Products/Solutions/Services Offered
Table 256 Dril-Quip, Inc.: Deals
11.1.10 Expro Group
Table 257 Expro Group: Company Overview
Figure 61 Expro Group: Company Snapshot
Table 258 Expro Group: Products/Solutions/Services Offered
Table 259 Expro Group: Product Launches
Table 260 Expro Group: Deals
Table 261 Expro Group: Others
11.1.11 Weatherford
Table 262 Weatherford: Company Overview
Figure 62 Weatherford: Company Snapshot
Table 263 Weatherford: Products/Solutions/Services Offered
Table 264 Weatherford: Deals
Table 265 Weatherford: Others
11.1.12 Nov Inc.
Table 266 Nov Inc.: Company Overview
Figure 63 Nov Inc.: Company Snapshot
Table 267 Nov Inc.: Products/Solutions/Services Offered
Table 268 Nov Inc.: Product Launches
Table 269 Nov Inc.: Deals
11.1.13 Oil States International, Inc.
Table 270 Oil States International, Inc.: Company Overview
Figure 64 Oil States International, Inc.: Company Snapshot
Table 271 Oil States International, Inc.: Products/Solutions/Services Offered
11.1.14 Hunting PLC
Table 272 Hunting PLC: Company Overview
Figure 65 Hunting PLC: Company Snapshot
Table 273 Hunting PLC: Products/Solutions/Services Offered
Table 274 Hunting PLC: Deals
11.1.15 United Drilling Tools Ltd
Table 275 United Drilling Tools Ltd.: Company Overview
Figure 66 United Drilling Tools Ltd.: Company Snapshot
Table 276 United Drilling Tools Ltd.: Products/Solutions/Services Offered
11.1.16 Anton Oilfield Services Group
Table 277 Anton Oilfield Services Group: Company Overview
Figure 67 Anton Oilfield Services Group: Company Snapshot
Table 278 Anton Oilfield Services Group: Products/Solutions/Services Offered
11.1.17 Moog Inc.
Table 279 Moog Inc.: Company Overview
Figure 68 Moog Inc.: Company Snapshot
Table 280 Moog Inc.: Products/Solutions/Services Offered
11.1.18 Schoeller Bleckmann Oilfield Equipment AG
Table 281 Schoeller Bleckmann Oilfield Equipment AG: Company Overview
Figure 69 Schoeller Bleckmann Oilfield Equipment AG: Company Snapshot
Table 282 Schoeller Bleckmann Oilfield Equipment AG: Products/Solutions/Services Offered
Table 283 Schoeller Bleckmann Oilfield Equipment AG: Deals
11.1.19 Welltec
Table 284 Welltec: Company Overview
Figure 70 Welltec: Company Snapshot
Table 285 Welltec: Products/Solutions/Services Offered
Table 286 Welltec: Product Launches
Table 287 Welltec: Deals
Table 288 Welltec: Others
11.1.20 Tam International, Inc.
Table 289 Tam International, Inc.: Company Overview
Table 290 Tam International, Inc.: Products/Solutions/Services Offered
Table 291 Tam International, Inc.: Deals
11.2 Other Players
11.2.1 Bilco
11.2.2 Dyna Drill
11.2.3 Jereh Energy Services Corporation
11.2.4 Herrenknecht AG
11.2.5 Excalibre Downhole Tools Ltd.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths/Right to Win, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies
12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledgestore: The Subscription Portal
12.4 Customization Options

Companies Mentioned

  • SLB
  • Halliburton Co
  • Baker Hughes Company
  • Tenaris
  • TechnipFMC plc
  • Core Laboratories
  • Nabors Industries Ltd.
  • Vallourec
  • Dril-Quip, Inc.
  • Expro Group
  • Weatherford
  • NOV Inc.
  • Oil States International, Inc.
  • Hunting plc
  • United Drilling Tools Ltd
  • Anton Oilfield Services Group
  • Moog Inc.
  • Schoeller-Bleckmann Oilfield Equipment AG
  • Welltec
  • TAM International, Inc.
  • Bilco
  • Dyna-Drill
  • Jereh Energy Services Corporation
  • Herrenknecht AG
  • Excalibre Downhole Tools Ltd.

Table Information

Report AttributeDetails
No. of Pages254
PublishedMay 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 6.1 Billion
Forecasted Market Value ( USD ) by 2029 $ 7.8 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned25

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