Downhole tools play an important role in oil & gas exploration and production activities. Downhole tools are employed for workover and completion activities of a well in the Bottom Hole Assembly (BHA). Downhole tools are selected based on the formation characteristics of the reservoir and the rate of penetration to be achieved. These tools find application in a variety of operations, such as fishing, casing, cementing, well bottom communication, drilling, logging, fracturing, and well measurements. The rising demand for advanced tools that function optimally in high pressure and temperature conditions has also been a driver of this market.
The global Downhole Tools market was xx million US$ in 2020 and is expected to xx million US$ by the end of 2025, growing at a CAGR of 4.9% between 2020 and 2025.
The report offers detailed coverage of Downhole Tools industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Downhole Tools by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Downhole Tools market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Downhole Tools market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Schlumberger Ltd.
Halliburton Co.
Saint Gobain
Baker Hughes
Weatherford International Ltd.
National Oilwell Varco Inc.
Oil States International Inc.
Moog Inc.
Schoeller Bleckmann Oilfield Equipment AG
Anton Oilfield Services Ltd.
Logan Oil Tools Inc.
Wenzel Downhole Tools Ltd.
United Drilling Tools Ltd.
Excalibre Downhole Tools Ltd.
Bilco Tools Inc.
By the product type, the market is primarily split into
Flow & Pressure Control Tools
Impurity Control Tools
Drilling Tools
Downhole Control Tools
Handling Tools
By the end users/application, this report covers the following segments
Well Drilling
Well Completion
Well Intervention
Formation & Evaluation
Oil & Gas Production
At the same time, we classify Downhole Tools according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Downhole Tools market for the forecast period 2020 - 2025?
• What are the driving forces in the Downhole Tools market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Downhole Tools industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?