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Global Horizontal Completions Market 2019-2023

  • Published: Jun 2019
  • Pages: 131
  • SKU: IRTNTR31546
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The global horizontal completions market size will grow by USD 35.25 billion during 2019-2023. This market report provides a detailed analysis of the market by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Baker Hughes, a GE Co. LLC, Halliburton Co., National Oilwell Varco Inc., Schlumberger Ltd., and Weatherford International Plc.

A few of the key findings from the global horizontal completions market analysis report are summarized below

Horizontal Completions Market

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Global Horizontal Completions Market Overview

The rebound in active rig count because of the recovery in oil prices is one of the primary factors that will drive horizontal directional drilling market growth. The gradual recovery of the global crude oil price from the third quarter of 2016 has increased the number of active rigs in both onshore and offshore drilling. As a result, the demand for oilfield equipment, including horizontal completion equipment, has increased. Advances in drilling technologies and higher production volumes have increased the number of horizontal wells and the rig count, especially in North America.

Advances in zonal isolation in horizontal wells is one of the primary horizontal directional drilling market trends that will gain traction in the coming years. Zonal isolation is essential in preventing the mixing of gas or water of one oilfield zone with the oil in another field. To improve the isolation process, many vendors are working on developing better technologies. Improvements in zonal isolation will not only improve production wells but also boost the use of horizontal drilling. Such factors will increase the demand for horizontal completions. The horizontal directional drilling market is expected to register almost 8% CAGR over the forecast period.

Top Horizontal Completions Companies Covered in this Market Research Report

The global horizontal directional drilling market is moderately concentrated. This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. The review will help clients in improving their market positions. It also provides a detailed analysis of the upcoming trends and challenges and how they influence market growth. The research will help companies in creating effective strategies to leverage the upcoming market growth opportunities.

The report offers a detailed analysis of a few leading Horizontal Completions companies, including:

  • Baker Hughes, a GE Co. LLC
  • Halliburton Co.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • Weatherford International Plc.

Horizontal Completions Market Segmentation Based on Application

  • Onshore
  • Offshore

Onshore held the largest market share in 2018, and the market segment will record faster growth and maintain its dominance over the forecast period. Rising onshore E&P activities, both conventional and unconventional, owing to the increasing oil and gas products, will fuel the demand for horizontal directional drilling. Onshore E&P activities are preferred over offshore E&P activities because of the lower cost of operations of onshore E&P activities and the requirement of less advanced technologies.

Horizontal Completions Market Segmentation Based on Geographic Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

North America held the largest market share in 2018 and will maintain its leading position over the forecast period. The US and Canada were the leading market contributors in the region in 2018. Horizontally drilled wells are continuing to increase in the US because of their potentially higher output production compared with other drilling techniques. Governments in the region are also promoting E&P activities of unconventional energy sources such as shale oil and tight gas to produce oil and natural gas.

Key Highlights of the Horizontal Completions Market Forecast Report for the Period 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the horizontal completions market during the next five years
  • Precise estimation of the global horizontal completions market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the Horizontal Completions industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of horizontal completions companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Advances in zonal isolation in horizontal wells
  • Increase in upstream deepwater and ultra-deepwater projects
  • Use of big data analytics to increase production efficiency of oilfields

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Baker Hughes, a GE Co. LLC
  • Halliburton Co.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • Weatherford International Plc

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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