Downhole tools are important functional components for applications that range from flow and pressure control to drilling and handling tools. Downhole tools are used for efficient and effective production of oil & gas. Its robust and ruggedness built makes it easy to use in a complex well situation. Downhole tools can also be used in high pressure and temperature conditions, where the use of ordinary equipment to dig out the hydrocarbons becomes impossible. In addition, stringent environmental regulations imposed by governments also drive the market.
North America dominated the global downhole tools market in 2014, followed Asia-Pacific and Middle East. In North America, the U.S. leads with maximum developments in the downhole tools market. The African market is expected to grow at a faster rate due to new hydrocarbons discoveries in this region.
The downhole tools market has been segmented into six major regions, namely North America, South & Central America, Europe, the Middle East, Africa, and Asia-Pacific. The market has further been segmented on the basis of its types, namely flow and pressure control, impurity control, drilling, downhole control systems, and handling tools; it has also been segmented on the basis of its application, covering well drilling, well completion, well intervention, formation & evaluation, and oil & gas production. The report also touches upon various important aspects of the market. These include analysis of the value chain, Porter's Five Forces model, and the competitive landscape of the market based on the developments of the key players.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Downhole Tools Market, By Application
8 Downhole Tools Market, By Tool-Type
9 Downhole Tools Market, By Region
10 Competitive Landscape
11 Company Profiles
- Anton Oilfiend Services Ltd. - Baker Hughes - Halliburton Co. - Logan Oil Tools Ltd. - Moog Inc. - National Oilwell Varco Inc. - Oil States International - Saint Gobain - Schlumberger Ltd. - Schoeller Bleckmann Oilfield Equipment AG - United Drilling Tools Ltd. - Weatherford Internation - Wenzel Downhole Tools Ltd.
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