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Global Downhole Tools Market: Market Estimation, Dynamics, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global Downhole Tools Market: By Product Type (Drilling Tools, Handling Tools, Flow & Pressure Tools, Control Tools, Others), Application (Well Drilling, Well Intervention, Formation & Evaluation, Production & Well Completion), and Geography

 

Global Downhole Tools Market

 

Global Downhole Tools Market Report Description:

Global downhole tools market report gives comprehensive outlook on downhole tools across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The report on global downhole tools market gives historical, current, and future market sizes (US$ Mn) on the product type, application, and regions. This report studies global Downhole Tools market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global downhole tools market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global downhole tools market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global downhole tools market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global downhole tools products.

 

Global Downhole Tools Market:

The global downhole tools market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Rising activities of E & P in deep-sea bed related with efficiencies of drilling and completion is resultant in production rate expansion by major companies. This, consequently, has a positive impact on the market. Growing demand for scientifically innovative tools that has an optimum function in high temperature (HPHT) conditions and high-pressure, in order to enhance the penetration rates, is likewise expected to strengthen the market growth. Major companies are endlessly concentrating on product development with technologically advanced features to withstand the competition plus to improve drilling activities with advanced ROP and insignificant contribution of cost. However, risk associated with the product to withhold the extremities in various environmental parameters dampens the market growth.

 

Rising Demand for Drilling Tools

Downhole tools are available in the form of variety of products such as drilling, handling flow, and pressure control. Drilling tools is expected to be the leading segment during the forecast period due to amplified rates of drilling activities in numerous countries such as Argentina and Colombia. This is supplementary reinforced by restart in the activities of onshore drilling in states such as Libya & Republic of Congo, increased drill bit sales in Algeria, and new drilling project startups in Qatar and China.

 

Handling tools and flow & pressure control tools is also one of the major products of downhole tools. It is further expected to up surge the growth of downhole tools owed to their growing uses in manufacture phase. These tools aids to meet a number of challenges such as pressure disparities related with creating formations, great depth, and extraordinary temperatures.

 

North America Accounts for Larger Market Revenue Share in Global Downhole Tools Market

North America accounted for the largest share in the market in terms of revenue, besides it is likely to linger its domination during forecasted period. The growth in this region can be attributed to the enhanced activity of land. U.S has emerged as a front runner in the regional market and is expected to drive the regional market growth. Europe is expected to hold a second leading position in the market due to countries such as the U.K. and Norway which are expected to observe great expansion particularly in offshore basins, in arrears to enlarged deep sea drilling activities in North Sea.

 

Competition Assessment

Key player’s profiles in the global downhole tools market include:

  • Ulterra Drilling Technologies, L.P
  • Baker Hughes
  • National Oilwell Varco, Inc.
  • Stabiltec Downhole Tools LLC
  • BILCO Tools
  • Frank’s International N.V
  • Varel International Energy Services, Inc.
  • Halliburton
  • Schlumberger
  • Weatherford International

 

Key players in global downhole tools market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, April 1, 2016—Schlumberger Limited (NYSE:SLB) announced that it has acquired Houston-based Omron Oilfield and Marine Inc. and Saltel Industries, a France-headquartered engineering, manufacturing and service firm.

Key Findings of the Report:

 

  • Global downhole tools market expanding at significant CAGR over 2019 to 2025 due to significant oilfield development.
  • Based on product type, drilling tools segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global downhole tools market

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.

 

Detailed Segmentation

 

By Product Type

 

  • Drilling Tools
  • Handling Tools
  • Flow & Pressure Tools
  • Control Tools
  • Others

By Application Type

 

  • Well Drilling
  • Well Intervention
  • Formation & Evaluation
  • Production & Well Completion

 

Geography

 

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

Middle East and Africa

  • South Africa
  • Gulf Corporation Council Counties (GCC)
  • Rest of MEA

Table of Content

  1. Executive Summary
  2. Global Downhole Tools Market Introduction
    • Global Downhole Tools Market – Taxonomy
    • Global Downhole Tools Market –Definitions
      • Product Type
      • Application
  1. Global Downhole Tools Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Downhole Tools Market Dynamic Factors – Impact Analysis
    • Global Downhole Tools Market – Competition Landscape
  2. Global Downhole Tools Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Downhole Tools Market, By Product Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Drilling Tools
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Handling Tools
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Flow & Pressure Tools
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Control Tools
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Downhole Tools Market, By Application Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Well Drilling
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Well Intervention
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Formation & Evaluation
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Production & Well Completion
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Downhole Tools Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Downhole Tools Market – Opportunity Analysis Index, By Product Type, Application and Region, 2019 – 2025
  2. North America Downhole Tools Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • By Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Drilling Tools
      • Handling Tools
      • Flow & Pressure Tools
      • Control Tools
      • Others
    • By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Well Drilling
      • Well Intervention
      • Formation & Evaluation
      • Production & Well Completion
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Downhole Tools Market – Opportunity Analysis Index, By Product Type, Application and Country, 2019 – 2025
    • North America Downhole Tools Market Dynamics – Trends
  3. Europe Downhole Tools Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • By Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Drilling Tools
      • Handling Tools
      • Flow & Pressure Tools
      • Control Tools
      • Others
    • By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Well Drilling
      • Well Intervention
      • Formation & Evaluation
      • Production & Well Completion
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Downhole Tools Market – Opportunity Analysis Index, By Product Type, Application and Country, 2019 – 2025
    • Europe Downhole Tools Market Dynamics – Trends
  4. Asia-Pacific Downhole Tools Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • By Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Drilling Tools
      • Handling Tools
      • Flow & Pressure Tools
      • Control Tools
      • Others
    • By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Well Drilling
      • Well Intervention
      • Formation & Evaluation
      • Production & Well Completion
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Rest of Asia-Pacific
    • Asia-Pacific Downhole Tools Market – Opportunity Analysis Index, By Product Type, Application and Country, 2019 – 2025
    • Asia-Pacific Downhole Tools Market Dynamics – Trends
  5. Latin America Downhole Tools Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • By Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Drilling Tools
      • Handling Tools
      • Flow & Pressure Tools
      • Control Tools
      • Others
    • By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Well Drilling
      • Well Intervention
      • Formation & Evaluation
      • Production & Well Completion
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Rest of Latin America
    • Latin America Downhole Tools Market – Opportunity Analysis Index, By Product Type, Application and Country, 2019 – 2025
    • Latin America Downhole Tools Market Dynamics – Trends
  6. Middle East and Africa Downhole Tools Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • By Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Drilling Tools
      • Handling Tools
      • Flow & Pressure Tools
      • Control Tools
      • Others
    • By Application Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Well Drilling
      • Well Intervention
      • Formation & Evaluation
      • Production & Well Completion
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Gulf Cooperation Council (GCC) Countries
      • Rest of MEA
    • MEA Downhole Tools Market – Opportunity Analysis Index, By Product Type, Application and Country, 2019 – 2025
    • MEA Downhole Tools Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Ulterra Drilling Technologies, L.P
      • Baker Hughes
      • National Oilwell Varco, Inc.
      • Stabiltec Downhole Tools LLC
      • BILCO Tools
      • Frank’s International N.V
      • Varel International Energy Services, Inc.
      • Halliburton
      • Schlumberger
      • Weatherford International
  1. Research Methodology
  2. Key Assumptions and Acronyms