Well Completion Services Market

Global Well Completion Services Market Size, Trends, and Analysis - Forecasts 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

Category Energy & Power

Format

This report was recently updated on December 14 2024 with the latest and most recent market numbers

Well Completion Services Market Size

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 act of creating an oil or gas well susceptible of extraction after it has been drilled to a specified depth is known as well completion. It includes the complete work flow, which involves running the output tubing, establishing the down - hole tools, and a variety of other procedures to get the well ready for deployment.

During the forecast period, well completion equipment and services market is ought to be growing mainly due to increased exploration & production operations around the world, as well as a rise in the number of rigs.

The rising number of rigs, 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.

The spread of the COVID-19 epidemic has had a negative influence on the well completion business due to the strict curfews set in the preponderance of countries worldwide. The well completion process includes the use of pipes, excavators, cooling medium, manifolds, oil wells, and explosive stoppers, among other tools and equipment. The supply of these commodities has been affected as a result of the temporary closure of businesses in recent months. Several nations, on the other hand, have begun to abolish the embargoes in order to improve their economic circumstances, which is expected to raise product market over the forecast period.

global well completion services market

Well Completion Services Market: By Type

Based on the different types of well completion services, the market is segmented into smart wells, valves, multistage fracturing tools, liner hangers, packers, sand control tools, and others. The market for packers is expected to be the largest shareholder of the market from 2021 to 2026. This is due to the fact that packers are the most prominent and commonly used type of completion equipment. Despite the fact that it is less expensive than other equipment, the huge number of items used tends to increase the market size in terms of value.

Well Completion Services Market: By Application

Based on the application, the market is segmented into onshore and offshore. The market for offshore segment is expected to be the largest shareholder of the market from 2021 to 2026. As shallow water deposits are dwindling, the offshore oil and gas industry is shifting its focus to deeper areas. As a consequence of the scenario, the distance between the coast and the offshore structure has increased. In addition, the emphasis on deep-water oil and gas reserves is projected to aid in the revival of the completion equipment and services market.

Well Completion Services Market: By Completion Method

Based on the completion method, the market is segmented into open hole completion, cased hole completion, liner completion, multiple completion, and slim-hole completion, among others. The market for cased hole completion is expected to be the largest shareholder of the market from 2021 to 2026. The fundamental benefit of this type of completion is that it allows for total depth drilling and logging prior to executing and sealing production casing. Another virtue of a perforated casing completion over a liner completion is that it is easier to get a standard concrete completion. Furthermore, the perforated casing finish can be employed in a wide range of applications, incorporating numerous and alternative completions.

asia pacific well completion services market

Well Completion Services Market: By Region

As per the geographical analysis, the well completion services market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will have a dominant share in the well completion services market from 2021 to 2026 as a result of continued persistent operations of drilling across the United States.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest growing segment in the well completion services market during the forecast period. Due to rising energy consumption in markets such as China, India, and Indonesia, the well completion equipment and technology market in Asia Pacific is expected to rise significantly. Furthermore, the market for well completion services is expected to be buoyed by rising oil and gas production, as well as sustaining and optimizing performance from existing oil and gas fields, particularly in the Asia-Pacific region. The market for well completion services is expected to be driven by the region's rapid industrialization and growing rehabilitation of facilities.

Well Completion Services Market Share & Competitor Analysis

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.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Well Completion Applications Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Type Overview

2.1.3 Application Overview

2.1.4 Completion Method Overview

2.1.6 Regional Overview

Chapter 3 Well Completion Applications Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 The increased exploration & production operations of oil rigs around the world

3.3.2 Application Challenges

3.3.2.1 COVID-19 impact

3.4 Prospective Growth Scenario

3.4.1 Type Growth Scenario

3.4.2 Application Growth Scenario

3.4.3 Completion Method Growth Scenario

3.5 COVID-19 Influence over Application Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Completion Method Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Well Completion Applications Market, By Type

4.1 Type Outlook

4.2 Smart Wells

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Valves

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

4.4 Multistage Fracturing Tools

4.4.1 Market Size, By Region, 2020-2026 (USD Billion)

4.5 Liner Hangers

4.5.1 Market Size, By Region, 2020-2026 (USD Billion)

4.6 Packers

4.6.1 Market Size, By Region, 2020-2026 (USD Billion)

4.7 Sand Control Tools

4.7.1 Market Size, By Region, 2020-2026 (USD Billion)

4.8 Others

4.8.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 Well Completion Applications Market, By Application

5.1 Application Outlook

5.2 Onshore

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 Offshore

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 Well Completion Applications Market, By Completion Method

6.1 Open Hole Completion

6.1.1 Market Size, By Region, 2020-2026 (USD Billion)

6.2 Cased Hole Completion

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Liner Completion

6.3.1 Market Size, By Region, 2020-2026 (USD Billion)

6.4 Multiple Completion

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

6.5 Slim-hole Completion

6.5.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 Nuclear Imaging Equipment Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2020-2026 (USD Billion)

7.2.2 Market Size, By Type, 2020-2026 (USD Billion)

7.2.3 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.2.4 Market Size, By Application, 2020-2026 (USD Billion)

7.2.6 U.S.

7.2.6.1 Market Size, By Type, 2020-2026 (USD Billion)

7.2.4.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.2.4.3 Market Size, By Application, 2020-2026 (USD Billion)

7.2.7 Canada

7.2.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.2.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.2.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.3 Europe

7.3.1 Market Size, By Country 2020-2026 (USD Billion)

7.3.2 Market Size, By Type, 2020-2026 (USD Billion)

7.3.3 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.4 Market Size, By Application, 2020-2026 (USD Billion)

7.3.6 Germany

7.3.6.1 Market Size, By Type, 2020-2026 (USD Billion)

7.3.6.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.6.3 Market Size, By Application, 2020-2026 (USD Billion)

7.3.7 UK

7.3.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.3.8 France

7.3.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Size, By Type, 2020-2026 (USD Billion)

7.3.9.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.9.3 Market Size, By Application, 2020-2026 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Size, By Type, 2020-2026 (USD Billion)

7.3.10.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.10.3 Market Size, By Application, 2020-2026 (USD Billion)

7.3.11 Russia

7.3.11.1 Market Size, By Type, 2020-2026 (USD Billion)

7.3.11.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.3.11.3 Market Size, By Application, 2020-2026 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2020-2026 (USD Billion)

7.4.2 Market Size, By Type, 2020-2026 (USD Billion)

7.4.3 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.4.4 Market Size, By Application, 2020-2026 (USD Billion)

7.4.6 China

7.4.6.1 Market Size, By Type, 2020-2026 (USD Billion)

7.4.6.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.4.6.3 Market Size, By Application, 2020-2026 (USD Billion)

7.4.7 India

7.4.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.4.8 Japan

7.4.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.4.9 Australia

7.4.9.1 Market Size, By Type, 2020-2026 (USD Billion)

7.4.9.2 Market size, By Completion Method, 2020-2026 (USD Billion)

7.4.9.3 Market Size, By Application, 2020-2026 (USD Billion)

7.4.10 South Korea

7.4.10.1 Market Size, By Type, 2020-2026 (USD Billion)

7.4.10.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.4.10.3 Market Size, By Application, 2020-2026 (USD Billion)

7.5 Latin America

7.5.1 Market Size, By Country 2020-2026 (USD Billion)

7.5.2 Market Size, By Type, 2020-2026 (USD Billion)

7.5.3 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.5.4 Market Size, By Application, 2020-2026 (USD Billion)

7.5.6 Brazil

7.5.6.1 Market Size, By Type, 2020-2026 (USD Billion)

7.5.6.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.5.6.3 Market Size, By Application, 2020-2026 (USD Billion)

7.5.7 Mexico

7.5.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.5.8 Argentina

7.5.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.6 MEA

7.6.1 Market Size, By Country 2020-2026 (USD Billion)

7.6.2 Market Size, By Type, 2020-2026 (USD Billion)

7.6.3 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.6.4 Market Size, By Application, 2020-2026 (USD Billion)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Type, 2020-2026 (USD Billion)

7.6.6.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.6.6.3 Market Size, By Application, 2020-2026 (USD Billion)

7.6.7 UAE

7.6.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By Application, 2020-2026 (USD Billion)

7.6.8 South Africa

7.6.7.1 Market Size, By Type, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Completion Method, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By Application, 2020-2026 (USD Billion)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Halliburton Corporation

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Infographic Analysis

8.3 Superior Energy Services, Inc

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Infographic Analysis

8.4 Trican Well Service Ltd

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Infographic Analysis

8.5 Baker Hughes Company

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Infographic Analysis

8.6 Wellcare Oil Tools Pvt Ltd

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Infographic Analysis

8.7 Welltec

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Infographic Analysis

8.8 Naseem Bukhari FZC

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Infographic Analysis

8.9 Weatherford International pl

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Infographic Analysis

8.10 Rhein-Nadel Automation GmbH

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Infographic Analysis

8.11 Other Companies

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Infographic Analysis

The Global Well Completion Services Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Well Completion Services Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe. Privacy

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

What is the projected market size of the global well completion services market?

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.

Who are the major vendors in the well completion services market?

Which region has the highest market share in the well completion services market?

The North American region is estimated to hold the highest market share in the marketing resource management market.

What is the Covid-19 impact on future well completion services manufacturers?

What are the major drivers in the well completion services market?