Downhole Tools Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DPC383 | Last Updated On: Jun 11 2020 | No. of Pages: 171 | Available Formats

> Global Downhole Tools Market Expected to reach a high CAGR of 4% By 2027: DataM Intelligence

Global Downhole Tools Market is segmented By Tool Type (Drilling Tools, Flow & Pressure Control Tools, Impurity Control Tools, Downhole Control Tools, Handling Tools), By Application (Well Intervention, Well Completion, Well Drilling, Oil & Gas Production, Formation & Evaluation), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Downhole Tools Market is expected to grow at a CAGR of 4% during the forecasting period (2020-2027).

The growth of the market is primarily driven by ongoing increase in drilling activities worldwide. Crude oil and natural gas found in shale and tight sand formations are known as unconventional oil and gas reserves. Unconventional oil is petroleum produced or extracted using techniques other than the conventional (oil well) method. Oil industries and governments across the globe are investing in unconventional oil sources due to the increasing scarcity of conventional oil reserves. This has resulted in an increase in the exploration of unconventional resources.

The report covers all the major trends and drivers playing a vital role in the growth of the global downhole tools market. The market has been segmented by application, by tool type, and by region.

Market Dynamics

Downhole tools play an important role in oil & gas exploration and production activities with applications in a variety of operations such as fishing, casing, cementing, well bottom communication, drilling, logging, fracturing, and well measurements. Moreover, the cost incurred in the extraction process has declined with the advent technological innovations and operational efficiencies. This has resulted in an increase in the exploration of unconventional resources. Therefore, fueling the growth in downhole tools market.

In addition, Significant oilfield developments coupled with supportive governmental regulations for unconventional reserves, is projected to boost the growth in the market. With the increase in demand for Oil & gas all around the world, there has been significant rise in development of new sites for exploration. Therefore, resulting in significant growth in downhole tools market over the forecast period.

Market Segment Analysis

By tool type, the global Downhole Tools market is Flow & Pressure Control Tools, Drilling Tools, Impurity Control Tools, Downhole Control Tools, and Handling Tools. In 2018, drilling tools segment accounted for the largest market share in downhole tools market. The segment is expected to maintain is dominance over the forecast period owing to evolution of various sensor technologies and increasing investments from cross-industry players which has enhanced drilling equipment efficiencies. The introduction of laser drilling will be one of the key downhole tools market trends that will gain traction in the market during the forecast period. Laser drilling is a modernized method that works on the principle of transferring light energy from the surface through fiber optic cabling.

By application, the global Downhole Tools market is segmented into Well Intervention, Well Completion, Well Drilling, Oil & Gas Production, and Formation & Evaluation. In 2018, well intervention segment estimated to hold largest market share. Well intervention helps in entering a well safely with well control technologies. These technologies are mainly used for performing various activities other than drilling. Well intervention tasks are carried on oil & gas well, with the aim to increase the production span. Besides this, well intervention technology optimizes the performance and offers an access to additional hydrocarbon reserves. Oil & gas well needs intervention owing to different reasons including excess sand production, flow restrictions and mechanical failure.

Regional Analysis

By geography, the global Downhole Tools Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

North America holds the largest market share for Downhole Tools Market Owing to the increased number of rigs in the US, the drilling activities are expected to increase which in turn increases the requirement of the downhole tools. In September 2019, according to the U.S. Energy Information Administration Drilling Productivity Report, U.S. oil output from seven major shale formations was about 8,843 thousand barrels/day in October 2019. A combination of hydraulic fracturing and horizontal drilling technology as well as large-scale commercial exploitation in key basins, such as the Permian and Appalachian, have pushed overall crude oil and natural gas production in the United States to all-time high.

Competitive Analysis

Global Downhole Tools Market is a concentrated market with the major share held by key players in the market. The market is quite competitive and to gain competitive advantage, the major downhole tools manufacturers adopt several strategies such as M&A, joint ventures, contracts, and agreements to help them sustain the market’s competitive environment.

The major players include General Electric, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Aker Solutions, American Oilfield Tools, Archer, Dril-Quip, C&J Energy Services, Hunting, Superior Energy Services, Tryton Tool Services, Vortex Tools, Weir Group, Xtreme Drilling, and among others.

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  • Deep Sector-Specific Intelligence
  • Attractiveness and consumer behavior analysis for every region
  • Highlights of the competitive landscape

Target Audience:

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**The global Downhole Tools market report would provide access to an approx., 53 market data table, 41 figures, and 150 pages.

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Table of Contents

  1. Downhole Tools Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Downhole Tools Market– Market Definition and Overview

  3. Downhole Tools Market– Executive Summary

    1. Market Snippet by Tool Type
    2. Market Snippet by Application   
    3. Market Snippet by Region
  4. Downhole Tools Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Ultra-Deep Drilling Activities
      2. Restraints
      3. Strict Government Regulations
    2. Impact Analysis
    3. Opportunities
  5. Downhole Tools Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
  6. Downhole Tools Market– By Tool Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Tool Type
      2. Market Attractiveness Index, By Tool Type
    2. Drilling Tools*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Flow & Pressure Control Tools
    4. Impurity Control Tools
    5. Downhole Control Tools
    6. Handling Tools
  7. Downhole Tools Market– By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Well Intervention*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Well Completion
    4. Well Drilling
    5. Oil & Gas Production
    6. Formation & Evaluation
  8. Downhole Tools Market– By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Tool Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Tool Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Tool Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Tool Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Tool Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  9. Downhole Tools Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Downhole Tools Market – Company Profiles

    1. Schlumberger*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. General Electric
    3. Halliburton
    4. National Oilwell Varco
    5. Weatherford
    6. Aker Solutions
    7. American Oilfield Tools
    8. Vortex Tools
    9. Weir Group
    10. Xtreme Drilling (** List not exhaustive)
  11. Downhole Tools Market– Premium Insights

  12. Downhole Tools Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 01 Global Downhole Tools Market Value, By Tool Type, 2018,2022 & 2027 ($ Million)

Table 02 Global Downhole Tools Market Value, By Application, 2018,2022 & 2027 ($ Million)

Table 03 Global Downhole Tools Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 04 Global Downhole Tools Market Value, By Tool Type, 2018,2022 & 2027 ($ Million)

Table 05 Global Downhole Tools Market Value, By Tool Type, 2017-2027 ($ Million)

Table 06 Global Downhole Tools Market Value, By Application, 2018,2022 & 2027 ($ Million)

Table 07 Global Downhole Tools Market Value, By Application, 2017-2027 ($ Million)

Table 08 Global Downhole Tools Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 09 Global Downhole Tools Market Value, By Region, 2017-2027 ($ Million)

Table 10 North America Downhole Tools Market Value, By Tool Type, 2017-2027 ($ Million)

Table 11 North America Downhole Tools Market Value, By Application, 2017-2027 ($ Million)

Table 12 North America Downhole Tools Market Value, By Country, 2017-2027 ($ Million)

Table 13 South America Downhole Tools Market Value, By Tool Type, 2017-2027 ($ Million)

Table 14 South America Downhole Tools Market Value, By Application, 2017-2027 ($ Million)

Table 15 South America Downhole Tools Market Value, By Country, 2017-2027 ($ Million)

Table 16 Europe Downhole Tools Market Value, By Tool Type, 2017-2027 ($ Million)

Table 17 Europe Downhole Tools Market Value, By Application, 2017-2027 ($ Million)

Table 18 Europe Downhole Tools Market Value, By Country, 2017-2027 ($ Million)

Table 19 Asia-Pacific Downhole Tools Market Value, By Tool Type, 2017-2027 ($ Million)

Table 20 Asia-Pacific Downhole Tools Market Value, By Application, 2017-2027 ($ Million)

Table 21 Asia-Pacific Downhole Tools Market Value, By Country, 2017-2027 ($ Million)

Table 22 Middle East & Africa Downhole Tools Market Value, By Tool Type, 2017-2027 ($ Million)

Table 23 Middle East & Africa Downhole Tools Market Value, By Application, 2017-2027 ($ Million)

Table 24 Schlumberger: Overview

Table 25 Schlumberger: Product Portfolio

Table 26 Schlumberger: Key Developments

Table 27 General Electric: Overview

Table 28 General Electric: Product Portfolio

Table 29 General Electric: Key Developments

Table 30 Halliburton: Overview

Table 31 Halliburton: Product Portfolio

Table 32 Halliburton: Key Developments

Table 33 National Oilwell Varco: Overview

Table 34 National Oilwell Varco: Product Portfolio

Table 35 National Oilwell Varco: Key Developments

Table 36 Weatherford: Overview

Table 37 Weatherford: Product Portfolio

Table 38 Weatherford: Key Developments

Table 39 Aker Solutions: Overview

Table 40 Aker Solutions: Product Portfolio

Table 41 Aker Solutions: Key Developments

Table 42 American Oilfield Tools: Overview

Table 43 American Oilfield Tools: Product Portfolio

Table 44 American Oilfield Tools: Key Developments

Table 45 Vortex Tools: Overview

Table 46 Vortex Tools: Product Portfolio

Table 47 Vortex Tools: Key Developments

Table 48 Weir Group: Overview

Table 49 Weir Group: Product Portfolio

Table 50 Weir Group: Key Developments

Table 51 Xtreme Drilling: Overview

Table 52 Xtreme Drilling: Product Portfolio

Table 53 Xtreme Drilling: Key Developments

 

List of Figures

Figure 01 Global Downhole Tools Market Share, By Tool Type, 2018 & 2027 (%)

Figure 02 Global Downhole Tools Market Share, By Application, 2018 & 2027 (%)

Figure 03 Global Downhole Tools Market Share, By Region, 2018 & 2027 (%)

Figure 04 Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 05 Global Downhole Tools Market Y-o-Y Growth, By Tool Type, 2018-2027 (%)

Figure 06 Drilling Tools: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 07 Flow & Pressure Control Tools: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 08 Impurity Control Tools: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 09 Downhole Control Tools: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 10 Handling Tools: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 11 Global Downhole Tools Market Y-o-Y Growth, By Application, 2018-2027 (%)

Figure 12 Well Intervention: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 13 Well Completion: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 14 Well Drilling: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 15 Oil & Gas Production: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 16 Formation & Evaluation: Global Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 17 Global Downhole Tools Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 18 North America Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 19 North America Downhole Tools Market Share, By Tool Type, 2018 & 2027 (%)

Figure 20 North America Downhole Tools Market Share, By Application, 2018 & 2027 (%)

Figure 21 North America Downhole Tools Market Share, By Country, 2018 & 2027 (%)

Figure 22 South America Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 23 South America Downhole Tools Market Share, By Tool Type, 2018 & 2027 (%)

Figure 24 South America Downhole Tools Market Share, By Application, 2018 & 2027 (%)

Figure 25 South America Downhole Tools Market Share, By Country, 2018 & 2027 (%)

Figure 26 Europe Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 27 Europe Downhole Tools Market Share, By Tool Type, 2018 & 2027 (%)

Figure 28 Europe Downhole Tools Market Share, By Application, 2018 & 2027 (%)

Figure 29 Europe Downhole Tools Market Share, By Country, 2018 & 2027 (%)

Figure 30 Asia-Pacific Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 31 Asia-Pacific Downhole Tools Market Share, By Tool Type, 2018 & 2027 (%)

Figure 32 Asia-Pacific Downhole Tools Market Share, By Application, 2018 & 2027 (%)

Figure 33 Asia-Pacific Downhole Tools Market Share, By Country, 2018 & 2027 (%)

Figure 34 Middle East & Africa Downhole Tools Market Value, 2017-2027 ($ Million)

Figure 35 Middle East & Africa Downhole Tools Market Share, By Tool Type, 2018 & 2027 (%)

Figure 36 Middle East & Africa Downhole Tools Market Share, By Application, 2018 & 2027 (%)

Figure 37 Schlumberger: Financials

Figure 38 General Electric: Financials

Figure 39 Halliburton: Financials

Figure 40 National Oilwell Varco: Financials

Figure 41 Weatherford: Financials

Figure 42 Aker Solutions: Financials

Figure 43 American Oilfield Tools: Financials

Figure 44 Vortex Tools: Financials

Figure 45 Weir Group: Financials

Figure 46 Xtreme Drilling: Financials

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