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North America Well Completion Equipment & Services Market: by Type (Packer, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Safety Valves, Smart Wells, Others), by Application (Onshore, Offshore), by Geography (U.S., Canada, Mexico) – Trends & Forecasts till 2019

  • Report Code: WE 1001
  • Publish Date: Apr 2015
  
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The purpose of this report is to cover the definition, description, and forecasts of the North American well completion equipment and services market. It involves a deep dive analysis of the market segmentation, which is based on type, application, and geography. The report also gives deep insights into the competitive landscape of the market through a strategic analysis of the key players of the market. The well completion equipment and services market, in terms of application areas, has been segmented into onshore and offshore. The North American market has been segmented on the basis of type into packers, sand control tools, multi-stage fracturing tools, liner hangers, safety valves, and smart wells, among others.

 

Well completion equipment and services are important for well construction and facilitate successful production from wells. It stabilizes long term production and enhances wellbore production, thereby preventing the movement of reservoir sand into wellbore. Well completion services can be employed both in onshore as well as offshore activities. Onshore well completion involves the process of installing the final system at the production site and taking hydrocarbons from the well into the production system. On the other hand, offshore completions are more complex as it involves the entire system of pipes and valves to be interconnected efficiently, and then gather hydrocarbons to an offshore or onshore storage and offloading facility.

 

The North American well completion equipment and services market was valued at $4,769.4 million in 2014 and is projected to grow at a CAGR of 2.5% from 2014 to 2019, to reach a market size of $5,385.0 million. The North American market is the largest contributor in the global market, and this large share can be attributed to the increased exploration of gas reserves by oil field operators to drill and complete additional wells.

 

The onshore market accounted for the largest market share of 78.8% within the North American well completion equipment and services market in 2014. The offshore well completion equipment and services segment held a market share of 21.2% in 2014. The technologies required are advanced in case of offshore activities, which makes offshore well completion equipment and services expensive in comparison to onshore activities.

 

The major companies operating in the North American well completion equipment and services market include Baker Hughes Inc. (U.S.), Nabors Industries (Bermuda), Halliburton (U.S.), Schlumberger Ltd (U.S.), and Weatherford International (Ireland), among others.

 

Market share analysis, by revenue, of the top companies is also included in the report. The scope accordingly aids market participants to identify high-growth markets and help in making key investment decisions. For this report, major players in the North America well completion equipment and services market have been identified through various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing personnel. Based on this research, the market shares have been evaluated and validated.



Table of Contents

 

1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

 

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of North America Well Completion Equipment and Services Market
    2.2 Arriving at the North America Well Completion Equipment and Services Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macroindicator-Based Approach
    2.3 Assumptions

 

3 Executive Summary (Page No. - 20)

 

4 Market Overview (Page No. - 22)
    4.1 Introduction
           4.1.1 Packers
           4.1.2 Sand Control Tools
           4.1.3 Multi-Stage Fracturing Tools
           4.1.4 Liner Hangers
           4.1.5 Smart Wells
           4.1.6 Safety Valves
           4.1.7 Others
    4.2 North America Well Completion Equipment and Services Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics

 

5 North America Well Completion Equipment and Services Market,By Application (Page No. - 29)
    5.1 Introduction
    5.2 Demand Side Analysis
    5.3 North America Onshore Well Completion Equipment and Services Market, By Geography
    5.4 North America Offshore Well Completion Equipment and Services Market, By Geography

 

6 North America Well Completion Equipment and Services Market, By Type (Page No. - 34)
    6.1 Introduction
    6.2 North America Well Completion Equipment and Services Market: Type Comparison With Oilfield Services Market
    6.3 North America Packer Services Market, By Geography
    6.4 North America Sand Control Tools Market, By Geography
    6.5 North America Multi-Stage Fracturing Tools Market, By Geography
    6.6 North America Liner Hanger Market, By Geography
    6.7 North America Smart Wells Market, By Geography
    6.8 North America Safety Valves Market, By Geography

 

7 North America Completion Equipment and Services Market,By Geography (Page No. - 44)
    7.1 Introduction
    7.2 U.S. Well Completion Equipment and Services Market
           7.2.1 U.S. Well Completion Equipment and Services Market, By Application
           7.2.2 U.S. Well Completion Equipment and Services Market, By Type
    7.3 Canada Well Completion Equipment and Services Market
           7.3.1 Canada Well Completion Equipment and Services Market, By Application
           7.3.2 Canada Well Completion Equipment and Services Market, By Type
    7.4 Mexico Well Completion Equipment and Services Market
           7.4.1 Mexico Well Completion Equipment and Services Market, By Application
           7.4.2 Mexico Well Completion Equipment and Services Market, By Type

 

8 North America Well Completion Equipment and Services Market: Competitive Landscape (Page No. - 57)
    8.1 North America Well Completion Equipment and Services Market: Company Share Analysis
    8.2 Company Presence in Well Completion Equipment and Services Market,By Type
    8.3 Mergers & Acquisitions
    8.4 Agreements & Contracts
    8.5 New Product Launches
    8.6 Other Expansions

 

9 Well Completion Equipment and Services Market, North America : By Company (Page No. - 63)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    9.1 Weatherford International Ltd.
    9.2 Superior Energy Services Inc.
    9.3 Schlumberger Ltd.
    9.4 Baker Hughes Inc.
    9.5 Halliburton Co.
    9.6 Nabors Industries Limited
    9.7 National Oilwell Varco
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

 

10 Appendix (Page No. - 94)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data and Trends
             10.1.6 Well Completion Equipment and Services in Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots

 

List of Tables (49 Tables)

 

Table 1 Well Completion Equipment and Services: Peer Market Size, 2013 (USD MN)
Table 2 Well Completion Equipment and Services Application Markets,2013 (USD MN)
Table 3 North America Well Completion Equipment and Services Market: Macroindicator, By Geography, 2013
Table 4 North America Well Completion Equipment and Services Market: Comparison With Parent Market, 2013–2019 (USD MN)
Table 5 North America Well Completion Equipment and Services Market: Drivers and Inhibitors
Table 6 North America Well Completion Equipment and Services Market,By Application, 2013-2019 (USD MN)
Table 7 North America Well Completion Equipment and Services Market, By Type, 2013-2019 (USD MN)
Table 8 North America Well Completion Equipment and Services Market,By Geography, 2013-2019 (USD MN)
Table 9 North America Well Completion Equipment and Services Market,By Application, 2013-2019 (USD MN)
Table 10 North America Onshore Well Completion Equipment and Services Market, By Geography, 2013-2019 (USD MN)
Table 11 North America Offshore Completion Equipment and Services,By Geography, 2013-2019 (USD MN)
Table 12 North America Well Completion Equipment and Services Market,By Type, 2013-2019 (USD MN)
Table 13 North America Well Completion Equipment and Services Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Table 14 North America Packer Services Market, By Geography, 2013–2019 (USD MN)
Table 15 North America Sand Control Tools Market, By Geography,2013-2019 (USD MN)
Table 16 North America Multi-Stage Fracturing Tools Market,By Geography, 2013-2019 (USD MN)
Table 17 North America Liner Hanger Market, By Geography, 2013-2019 (USD MN)
Table 18 North America Smart Wells Market, By Geography, 2013-2019 (USD MN)
Table 19 North America Safety Valves Market, By Geography, 2013-2019 (USD MN)
Table 20 North America Well Completion Equipment and Services Market,By Geography, 2013-2019 (USD MN)
Table 21 U.S. Well Completion Equipment and Services Market, By Application,2013-2019 (USD MN)
Table 22 U.S. Well Completion Equipment and Services Market, By Type,2013-2019 (USD MN)
Table 23 Canada Well Completion Equipment and Services Market,By Application, 2013-2019 (USD MN)
Table 24 Canada Well Completion Equipment and Services Market,By Type, 2013-2019 (USD MN)
Table 25 Mexico Well Completion Equipment and Services Market,By Application, 2013-2019 (USD MN)
Table 26 Mexico Well Completion Equipment and Services Market,By Type, 2013-2019 (USD MN)
Table 27 North America Well Completion Equipment and Services Market: Company Share Analysis, 2013 (%)
Table 28 North America Well Completion Equipment and Services Market: Mergers & Acquisitions
Table 29 North America Well Completion Equipment and Services Market: Agreements & Contracts
Table 30 North America Well Completion Equipment and Services Market: New Product Launches
Table 31 North America Well Completion Equipment and Services Market: Other Expansions
Table 32 Weatherford International Ltd.: Key Financials, 2009-2013 (USD MN)
Table 33 Weatherford International Ltd. : Revenue, By Segment, 2009-2013 (USD MN)
Table 34 Weatherford International Ltd. : Revenue, By Geography,2009-2013 (USD MN)
Table 35 Superior Energy Services : Key Financials, 2009-2013 (USD MN)
Table 36 Superior Energy Services: Geographical Revenue, 2009-2013 (USD MN)
Table 37 Schlumberger: Key Financials, 2009-2013 (USD MN)
Table 38 Schlumberger Ltd.: Net Sales, By Business Segment, 2013-2019 (USD MN)
Table 39 Schlumberger Ltd.: Net Sales, By Geography, 2013-2019 (USD MN)
Table 40 Baker Hughes Inc.: Key Operating Data, 2009-2013 (USD MN)
Table 41 Baker Hughes Inc.: Revenues, By Business Segment, 2009-2013 (USD MN)
Table 42 Baker Hughes Inc.: Revenue, By Geographical Segment, 2009-2013 (USD MN)
Table 43 Halliburton: Net Sales, By Business Segment, 2009-2013- (USD MN)
Table 44 Halliburton: Net Sales, By Geography, 2009-2013 (USD MN)
Table 45 Nabors Industries Ltd.: Key Financials, 2009-2013 (USD MN)
Table 46 Nabors Industries Ltd.: Revenue, By Geography, 2009-2013 (USD MN)
Table 47 National Oilwell Varco: Operational Data, 2009-2013 (USD MN)
Table 48 National Oilwell Varco: Key Financials, By Business Segment,2009-2013 (USD MN)
Table 49 National Oilwell Varco: Key Financials, By Geographic Segment,2009-2013 (USD MN)

 

List of Figures (48 Figures)

 

Figure 1 North America Well Completion Equipment and Services Market: Segmentation & Coverage
Figure 2 Well Completion Equipment and Services Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicator-Based Approach
Figure 8 North America Well Completion Equipment and Services Market: Snapshot
Figure 9 North America Well Completion Equipment and Services Market: Comparison With Parent Market
Figure 10 North America Well Completion Equipment and Services Market,By Application, 2013-2019 (USD MN)
Figure 11 North America Well Completion Equipment and Services Market,By Geography, 2013 (USD MN)
Figure 12 North America Well Completion Equipment and Services Market,By Application, 2014-2019 (USD MN)
Figure 13 Demand Side Analysis
Figure 14 North America Onshore Well Completion Equipment and Services Market, By Geography, 2013-2019 (USD MN)
Figure 15 North America Offshore Well Completion Equipment and Services Market, By Geography, 2013-2019 (USD MN)
Figure 16 North America Well Completion Equipment and Services Market, By Type, 2014-2019 (USD MN)
Figure 17 North America Well Completion Equipment and Services Market: Type Comparison With Oilfield Services Market, 2013–2019 (USD MN)
Figure 18 North America Packer Services Market, By Geography, 2013–2019 (USD MN)
Figure 19 North America Sand Control Tools Market, By Geography,2013-2019 (USD MN)
Figure 20 North America Multi-Stage Fracturing Tools Market,By Geography, 2013-2019 (USD MN)
Figure 21 North America Liner Hanger Market, By Geography, 2013-2019 (USD MN)
Figure 22 North America Smart Wells Market, By Geography, 2013-2019 (USD MN)
Figure 23 North America Safety Valves Market, By Geography, 2013-2019 (USD MN)
Figure 24 North America Well Completion Equipment and Services Market: Growth Analysis, By Geography, 2014-2019 (USD MN)
Figure 25 U.S. Well Completion Equipment and Services Market Overview, 2014 & 2019 (%)
Figure 26 U.S. Well Completion Equipment and Services Market, By Application,2013-2019 (USD MN)
Figure 27 U.S. Well Completion Equipment and Services Market: Application Snapshot
Figure 28 U.S. Well Completion Equipment and Services Market, By Type,2013-2019 (USD MN)
Figure 29 U.S. Well Completion Equipment and Services Market Share, By Type,2014-2019 (USD MN)
Figure 30 Canada Well Completion Equipment and Services Market Overview,2014 & 2019 (%)
Figure 31 Canada Well Completion Equipment and Services Market, By Application, 2013-2019 (USD MN)
Figure 32 Canada Well Completion Equipment and Services Market: Application Snapshot
Figure 33 Canada Well Completion Equipment and Services Market, By Type,2013-2019 (USD MN)
Figure 34 Canada Well Completion Equipment and Services Market Share, By Type, 2014-2019 (USD MN)
Figure 35 Mexico Well Completion Equipment and Services Market Overview,2014 & 2019 (%)
Figure 36 Mexico Well Completion Equipment and Services Market, By Application, 2013-2019 (USD MN)
Figure 37 Mexico Well Completion Equipment and Services Market: Application Snapshot
Figure 38 Mexico Well Completion Equipment and Services Market, By Type,2013-2019 (USD MN)
Figure 39 Mexico Well Completion Equipment and Services Market Share, By Type, 2014-2019 (USD MN)
Figure 40 North America Well Completion Equipment and Services Market: Company Share Analysis, 2013 (%)
Figure 41 Well Completion Equipment and Services: Company Product Coverage,By Type, 2013
Figure 42 Weatherford International Ltd.: Revenue Mix, 2013 (%)
Figure 43 Superior Energy Services, Revenue Mix, 2013 (%)
Figure 44 Schlumberger Ltd.: Revenue Mix, 2013 (%)
Figure 45 Baker Hughes Inc.: Revenue Mix, 2013 (%)
Figure 46 Halliburton: Revenue Mix, 2013 (%)
Figure 47 Nabors Industries Limited, Revenue Mix, 2013 (%)
Figure 48 National Oilwell Varco: Revenue Mix, 2013 (%)

The oil & gas industry has gradually developed with advanced technologies, making the extraction process economical and feasible. The increase in demand for oil & gas has forced investors to explore new opportunities in this field. Well completion process plays a vital role in the extraction of crude oil as it involves technologically advanced equipment and highly skilled professionals. An efficient completion aims to maximize production at an equitable cost for the producer as well as the consumer. However, this involves an extensive study on the volume of fluids, temperature, depth production rate, and other geological factors such as location of the well and its surrounding environment.

 

Well completion equipment and services market has been segmented, in terms of types, into packers, sand control tools, multi-stage fracturing tools, liner hangers, smart wells, and safety valves, among others. Technological advancements in well completion equipment provide the required boost by increasing the demand for completion equipment and services to improve production rates, redevelop existing oilfield wells, facilitate production from unconventional resources such as shale formation, and better well management.

 

The well completion equipment and services market in North America was valued at $4,769.4 million in 2014 and is projected to grow at a CAGR of 2.5% from 2014 to 2019, to reach a market size of $5,385.0 million. The U.S. segment commanded the largest share of 77.2% of the North American market in 2014 and is expected to reach a value of $4,185.7 million by 2019, at a CAGR of 2.5% from 2014 to 2019.

 

An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Top market players that have established their base in the North America well completion equipment and services market include Schlumberger Ltd. (U.S.), Halliburton Co. (U.S.), Superior Energy Services Inc. (U.S.), Baker Hughes Inc. (U.S.), and Weatherford International (Ireland), among others.

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