According to a new market research report published by Global Market Estimates, the Global Well Completion Services Market is projected to grow from USD 11.2 billion in 2021 to USD 13.5 billion by 2026 at a CAGR value of 3.8% from 2021 to 2026.
The rising number of rigs, hole count, and upstream petroleum spending can all be directly connected to the need for well completion equipment and services. Furthermore, the market for well completion services is expected to benefit from lower risk associated with open-hole closure methods, a variety of completion methods to produce multiple repositories, and improved sand management in the liner completion method.
Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Well Completion Services Market - Forecast to 2026”
By Type (Smart Wells, Valves, Multistage Fracturing Tools, Liner Hangers, Packers, Sand Control Tools, Others), By Application (Onshore, Offshore), By Completion Method (Open Hole Completion, Cased Hole Completion, Liner Completion, Multiple Completion, Slim-hole Completion), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Key Market Insights
- As per the type outlook, the packer’s segment is expected to grow the fastest in the market from 2021 to 2026.
- The cased hole completion segment is expected to be the largest segment in the market from 2021 to 2026 as per the completion method segmentation
- Based on the application outlook, the offshore segment is expected to be growing the fastest in the market from 2021 to 2026
- North America (the United States, Canada, and Mexico) will have a dominant share in the Well Completion Services market from 2021 to 2026
- Ziebel, Halliburton Corporation, Superior Energy Services, Inc., Trican Well Service Ltd, Baker Hughes Company, Wellcare Oil Tools Pvt Ltd, Welltec, Naseem Bukhari FZC, Weatherford International plc, Rhein-Nadel Automation GmbH, Schlumberger Ltd, among others, are the key players in the well completion services market.
Type Outlook (Revenue, USD Billion, 2021-2026)
Application Outlook (Revenue, USD Billion, 2021-2026)
Completion Method Outlook (Revenue, USD Billion, 2021-2026)
Regional Outlook (Revenue, USD Billion, 2021-2026)
- The U.S.
- Rest of Europe
- South Korea
- Rest of APAC
Central & South America
- Rest of CSA
Middle East & Africa
- Saudi Arabia
- Rest of MEA
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