HOME Top Market Reports Well Completion Equipment and Services Market by Type (Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application (Onshore, Offshore) & Geography - Global Trends & Forecast to 2019

Well Completion Equipment and Services Market by Type (Packers, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application (Onshore, Offshore) & Geography - Global Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: EP 3292

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Growing energy demand coupled with increasing investments in offshore and unconventional exploration & production activities is expected to drive the global well completion equipment and services market. It is estimated to reach $13.0 Billion by 2019, at a CAGR of 3.9% from 2014 to 2019. The African and South America markets have high growth in deep and ultra-deepwater explorations, and are expected to witness the highest growth during the forecast period.

Well completion equipment and services consist of well completion technologies for packing and sand controlling among others. Completion services include performing casing, cementing, perforating, gravel packing, and installing a production tree for the well to start production. It is also important to identify whether the hole should be plugged and abandoned as a dry hole. These completion activities require various completion equipment for performing the abovementioned services. With technological developments, various new technologies such as sensors for measuring flow properties that include rate, pressure, and gas-to-oil ratio known as smart wells have had an impact on the market.

Well completion are provided by oilfield service companies (such as Halliburton) to oil & gas companies (such as Shell), and are frequently used after the drilling of a well.

North America accounts for the largest well completion market due to the presence of many leading oilfield service companies, such as Schlumberger (U.S.), Halliburton (U.S.), and Baker Hughes (U.S.) & other medium and small players. While the North American well completion market is reaching its maturity, other regions are exhibiting a decent growth owing to the new development of hydrocarbons reserves.

Well Completion Equipment and Services Market

For this report, the major players in the market have been identified through secondary and primary research, based on which, their market shares have been evaluated. This includes a study of the annual reports of the top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing personnel.

The size of the overall market has been determined by forecasting techniques based on the demand for well completion in different regions, which has been validated through primary sources. The market size for various types of well completion have been determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.

This report also analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such as Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), and Weatherford (Ireland) have also been profiled in this report.

Scope of the Report:

On the basis of service types:

  • Packers
  • Sand control tools
  • Multi-stage fracturing tools
  • Liner hangers
  • Smart wells
  • Safety valves
  • Others

On the basis of application:

  • Onshore
  • Offshore

On the basis of region:

  • Asia-Pacific
  • Europe
  • Middle East
  • Africa
  • North America
  • South America

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitation
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Demand for Completion Equipment
                    2.1.1.1 Discoveries of New Oil & Gas Fields
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Breakdown of Primary Interviews
    2.5 Market Share Estimation
           2.5.1 Key Data From Secondary Sources
           2.5.2 Key Data From Primary Sources
           2.5.3 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 North America Will Dominate the Well Completion Equipment & Services Market in the Next Five Years
    4.2 Well Completion Equipment & Services Market is Equally Dispersed, Globally
    4.3 Well Completion Equipment & Services Market, By Type
    4.4 Packers Will Dominate the Well Completion Equipment & Services Market During the Forecast Period
    4.5 Well Completion Equipment & Services Market,  By Application
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Well Completion Equipment & Services Market, By Type
           5.2.1 Packers
           5.2.2 Sand Control Tools
           5.2.3 Multi-Stage Fracturing Tools
           5.2.4 Liner Hangers
           5.2.5 Smart Wells
           5.2.6 Safety Valves
           5.2.7 Others
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Energy Demands
                    5.3.1.2 Development of New Fields
                    5.3.1.3 Rise in Investments in Exploration & Production Activities
                    5.3.1.4 Shale Revolution
           5.3.2 Restraints
                    5.3.2.1 Strict Government Regulations
                    5.3.2.2 Declining Number of Oil Rigs
           5.3.3 Opportunities
                    5.3.3.1 Focus on Deepwater Drilling
                    5.3.3.2 Arctic Explorations
           5.3.4 Challenges
                    5.3.4.1 Current Low Oil Prices Carry Geopolitical Consequences
                    5.3.4.2 HPHT Completion Challenges

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Supply-Chain Analysis
           6.2.1 Key Influencers
    6.3 Porterís Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Well Completion Equipment & Services Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Well Completion Equipment & Services Market, By Type
           7.2.1 Packers
           7.2.2 Sand Control Tools
           7.2.3 Multi-Stage Frac Tools
           7.2.4 Liner Hangers
           7.2.5 Smart Wells
           7.2.6 Safety Valves
           7.2.7 Others

8 Well Completion Equipment & Services Market, By Application (Page No. - 56)
    8.1 Introduction
    8.2 Well Completion Equipment & Services Market, By Application
    8.3 Onshore Well Completion Equipment & Services Market
    8.4 Offshore Well Completion Equipment & Services Market
    8.5 North America
           8.5.1 North America Onshore Well Completion Equipment & Services Market
           8.5.2 North America Offshore Well Completion Equipment & Services Market
    8.6 South America Well Completion Equipment & Services Market
    8.7 AsiaĖPacific Well Completion Equipment & Services Market
    8.8 Europe Well Completion Equipment & Services Market
    8.9 Middle East Well Completion Equipment & Services Market
    8.10 Africa Well Completion Equipment & Services Market

9 Well Completion Equipment & Services Market, By Region (Page No. - 71)
    9.1 Introduction
    9.2 Regional Analysis of the Well Completion Equipment & Services Market
    9.3 North America Well Completion Equipment & Services Market
           9.3.1 Country-Wise Analysis
           9.3.2 U.S.
                    9.3.2.1 By Application
           9.3.3 Canada
                    9.3.3.1 By Application
           9.3.4 Mexico
                    9.3.4.1 By Application
           9.3.5 Asia-Pacific
                    9.3.5.1 By Country
                               9.3.5.1.1 China
                               9.3.5.1.2 Australia
                               9.3.5.1.3 Indonesia
                               9.3.5.1.4 India
                               9.3.5.1.5 Rest of Asia-Pacific
           9.3.6 Europe
                    9.3.6.1 By Country
                               9.3.6.1.1 Russia
                               9.3.6.1.2 Norway
                               9.3.6.1.3 U.K.
                               9.3.6.1.4 Rest of Europe
           9.3.7 South America
                    9.3.7.1 By Country
                               9.3.7.1.1 Argentina
                               9.3.7.1.2 Venezuela
                               9.3.7.1.3 Brazil
                               9.3.7.1.4 Rest of South America
           9.3.8 Africa
                    9.3.8.1 By Country
                               9.3.8.1.1 Angola
                               9.3.8.1.2 Egypt
                               9.3.8.1.3 Nigeria
                               9.3.8.1.4 Libya
                               9.3.8.1.5 Rest of Africa
           9.3.9 The Middle East
                    9.3.9.1 Oman
                    9.3.9.2 Saudi Arabia
                    9.3.9.3 UAE
                    9.3.9.4 Qatar
                    9.3.9.5 Rest of the Middle East

10 Well Completion Equipment & Services Market: Buying Behavior Analysis (Page No. - 95)
     10.1 Buying Parameters & Definitions/Explanation
             10.1.1 Parameters Affecting Buying Behavior: Global Perspective
     10.2 Parameters Affecting Buying Behavior:  Regional Perspective
             10.2.1 North America
             10.2.2 Latin America
             10.2.3 Asia-Pacific
             10.2.4 Europe
             10.2.5 Africa
             10.2.6 Middle East
     10.3 Buying Behavior: Segmented By Product/Service Type
             10.3.1 Parameters Affecting Buying Behavior for Services
             10.3.2 Completion Equipment Services: Parameters Impacting Buying Behavior
                         10.3.2.1 Packers
                         10.3.2.2 Sand Control Services
                         10.3.2.3 Multi-Stage Fracturing Services
                         10.3.2.4 Liner Hangers
                         10.3.2.5 Smart Wells & Safety Valves
     10.4 Buying Behavior: Segmented By Company Type

11 Competitive Landscape (Page No. - 105)
     11.1 Overview
     11.2 New Agreements
     11.3 New Product Launches
     11.4 Expansions
     11.5 Mergers & Acquisitions

12 Company Profiles (Page No. - 111)
     12.1 Introduction
     12.2 Baker Hughes Incorporated
             12.2.1 Business Overview
             12.2.2 Products & Services
             12.2.3 Developments, 2011-2014
             12.2.4 SWOT Analysis
             12.2.5 MNM View
     12.3 Halliburton
             12.3.1 Business Overview
             12.3.2 Products & Services
             12.3.3 Developments, 2012-2014
             12.3.4 SWOT Analysis
             12.3.5 MNM View
     12.4 Weatherford International
             12.4.1 Business Overview
             12.4.2 Products & Services
             12.4.3 Developments, 2013-2014
             12.4.4 SWOT Analysis
             12.4.5 MNM View
     12.5 Schlumberger Ltd.
             12.5.1 Products & Services
             12.5.2 Developments, 2011-2014
             12.5.3 SWOT Analysis
             12.5.4 MNM View
     12.6 Packers Plus Energy Services Inc.
             12.6.1 Business Overview
             12.6.2 Products & Services
             12.6.3 Developments, 2014
             12.6.4 SWOT Analysis
             12.6.5 MNM View
     12.7 National Oilwell Varco
             12.7.1 Business Overview
             12.7.2 Products & Services
             12.7.3 Development, 2013
     12.8 Nabors Industries Ltd.
             12.8.1 Business Overview
             12.8.2 Products & Services
             12.8.3 Development, 2013
     12.9 Trican Well Service Ltd.
             12.9.1 Business Overview
             12.9.2 Products & Services
             12.9.3 Developments, 2010-2012
     12.10 RPC Inc.
             12.10.1 Business Overview
             12.10.2 Products & Services
     12.11 Superior Energy Services Inc.
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Developments, 2010-2012
     12.12 Welltec As
             12.12.1 Business Overview
             12.12.2 Products & Services
     12.13 FTS International.
             12.13.1 Business Overview
             12.13.2 Products & Services
             12.13.3 Development, 2014
     12.14 Nine Energy Services Inc.
             12.14.1 Business Overview
             12.14.2 Products & Services
     12.15 NCS Multistage
             12.15.1 Business Overview
             12.15.2 Products & Services
             12.15.3 Development, 2014

13 Appendix (Page No. - 149)
     13.1 Other Developments
     13.2 Discussion Guide
     13.3 Available Customizations
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Related Reports


List of Tables (69 Tables)

Table 1 New Oil & Gas Field Discoveries, By Regions, 2013
Table 2 Wells Drilled in Africa
Table 3 Top Countries With Technically Recoverable Shale Reserves in 2013
Table 4 Well Completion Equipment & Services Market Size, By Type,  2012-2019 ($Million)
Table 5 Packers Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 6 Sand Control Tools Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 7 Multi-Stage Fracturing Tools Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 8 Liner Hangers Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 9 Smart Wells Completion Equipment & Services Market Size, By Region,  2012-2019 ($Million)
Table 10 Safety Valves Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 11 Others Well Completion Equipment & Services Market Size, By Region,  2012-2019 ($Million)
Table 12 Well Completion Equipment & Services Market Size, By Application,  2012-2019 ($Million)
Table 13 Onshore Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 14 Offshore Well Completion Equipment & Services Market Size, By Region, 2012-2019 ($Million)
Table 15 North America: Well Completion Equipment & Services Market Size,  By Application, 2012-2019 ($Million)
Table 16 North America: Onshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 17 North America: Offshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 18 South America: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 19 South America: Onshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 20 South America: Offshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 21 Asia-Pacific: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 22 Asia-Pacific: Onshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 23 Asia-Pacific: Offshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 24 Europe: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 25 Europe: Onshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 26 Europe: Offshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 27 Middle East: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 28 Middle East: Onshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 29 Middle East: Offshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 30 Africa: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 31 Africa: Onshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 32 Africa: Offshore Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 33 Well Completion Equipment & Services Market Size, By Region,  2012-2019 ($Million)
Table 34 North America: Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 35 U.S.: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 36 Canada: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 37 Mexico: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 38 Asia-Pacific: Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 39 China: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 40 Australia: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 41 Indonesia: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 42 India: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 43 Rest of Asia-Pacific: Well Completion Equipment & Services, By Application, 2012-2019 ($Million)
Table 44 Europe: Well Completion Equipment & Services Market Size, By Country,  2012-2019 ($Million)
Table 45 Russia: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 46 Norway: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 47 U.K.: Well Completion Equipment & Services Market Size, By Application,  2012-2019 ($Million)
Table 48 Rest of Europe: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 49 South America: Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 50 Argentina: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 51 Venezuela: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 52 Brazil: Well Completion Equipment & Services Market Size, By Application, 2012-2019, ($Million)
Table 53 Rest of South America: Well Completion Equipment & Services Market Size, By Application, 2012-2019, ($Million)
Table 54 Africa : Well Completion Equipment & Services Market Size, By Country,  2012-2019 ($Million)
Table 55 Angola: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 56 Egypt: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 57 Nigeria: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 58 Libya: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 59 Rest of Africa: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 60 Middle East : Well Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 61 Oman: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 62 Saudi Arabia: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 63 UAE: Well Completion Equipment & Services Market Size, By Application,  2012-2019 ($Million)
Table 64 Qatar: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 65 Rest of the Middle East: Well Completion Equipment & Services Market Size, By Application, 2012-2019 ($Million)
Table 66 New Agreements, 2010-2014
Table 67 New Product Launches, 2011-2014
Table 68 Expansions, 2012-2013
Table 69 Mergers & Acquisitions, 2012-2013
 
 
List of Figures (46 Figures)
 
Figure 1 Well Completion Equipment & Services Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown & Data Triangulation
Figure 5 Breakdown of Primary Interviews: By Company, Designation, & Region
Figure 6 Well Completion Equipment & Services Market: Geographic Snapshot (2014 vs. 2019)
Figure 7 Well Completion Equipment & Services Market Size, By Type,  2014 ($Million)
Figure 8 Well Completion Equipment & Services Market Size, By Equipment Type, 2014 ($Million)
Figure 9 Well Completion Equipment & Services Market Size, By Application, 2013
Figure 10 Offshore Application to Grow at the Fastest Rate in the Next Five Years in North America
Figure 11 Increasing Production Activities Are Driving the Well Completion Equipment & Services Market
Figure 12 Middle East & Africa to Grow at A High Rate in the Next Five Years
Figure 13 Packers Will Continue to Dominate the Completion Equipment & Services Market During the Forecast Period
Figure 14 North America Held the Majority Share in the Packer Well Completion Equipment & Services Market, 2013
Figure 15 Offshore Application is Expected to Grow at A Higher Rate in the Well Completion Equipment & Services Market
Figure 16 Shale Boom to Trigger the U.S. Market
Figure 17 Market Segmentation: By Type & Region
Figure 18 Development of New Oilfields is Driving the Well Completion Equipment & Services Market
Figure 19 Top Ten Energy Consuming Nations, 2013
Figure 20 Operating Oil Rigs in the U.S.
Figure 21 Well Completion Equipment & Services Market: Supply Chain
Figure 22 Porterís Five Forces Analysis: Well Completion Equipment & Services Market
Figure 23 Packers & Sand Control Tools Are Expected to Acquire Majority of the Well Completion Equipment & Services Market Share By 2019
Figure 24 Packers Well Completion Equipment & Services Market Size,  By Region, 2014-2019, ($Million)
Figure 25 Onshore Applications Dominate the Well Completion Equipment & Services Market
Figure 26 North America & Asia-Pacific Are Expected to Hold Major Share of Offshore Well Completion Equipment & Services
Figure 27 North America Expected to Dominate the Well Completion Equipment & Services Market in the Next Five Years
Figure 28 U.S. Will Demand Most of the Well Completion Equipment & Services in the Next Five Years
Figure 29 U.S. & Canada Are Key Countries Accounting for A Major Share of Well Completion Equipment & Services Market
Figure 30 Companies Adopted New Contracts & Agreements as the Key Growth Strategy in the Past Four Years
Figure 31 Battle for Market Share: Contracts & Agreements Was the Key Strategy
Figure 32 Baker Hughes Incorporated: Company Snapshot
Figure 33 SWOT Analysis: Baker Hughes Incorporated
Figure 34 Halliburton : Company Snapshot
Figure 35 SWOT Analysis: Halliburton
Figure 36 Weatherford International: Company Snapshot
Figure 37 SWOT Analysis: Weatherford International Limited
Figure 38 Schlumberger Ltd.: Company Snapshot
Figure 39 SWOT Analysis: Schlumberger Ltd.
Figure 40 SWOT Analysis: Packers Plus Energy Services Inc.
Figure 41 National Oil well Varco: Company Snapshot
Figure 42 Nabors Industries Ltd.: Company Snapshot
Figure 43 Trican Well Service Ltd.: Company Snapshot
Figure 44 RPC Inc.: Company Snapshot
Figure 45 Superior Energy Services Inc.: Company Snapshot
Figure 46 Welltec As: Company Snapshot

Well Completion Equipment & Services market: $13.0 Billion market by 2019 signifies a firm annualized growth rate of 3.9% from 2014 to 2019.

Well completion equipment and services are used for varied purposes after the drilling of a well has been carried out. Completion equipment and services are precisely used for converting a drilled well into a producing one. Completion includes various stages before the well starts producing; these include casing, cementing, perforating, gravel packing, and installation of a production tree. In this report, the market has been analyzed on the basis of revenue generated by well completion equipment and services supplied by oilfield service companies to the oilfield services market. Major value generation activities have been recorded in North America and the remaining regions are growing at a higher growth rate with the exploration of new reserves, creating growth prospects for the well completion market. The North American market is reaching towards a stage of maturity and the movement in the market will mainly be subjected to competition.

Rise in deep and ultra-deepwater discoveries with high growth in exploration & production activities are the most important drivers of the well completion market. Well completion equipment and services are used for the completion of a well for oil and natural gas; these services are necessary for any type of a well in order to complete and put it on production. Currently, natural gas is referred to as transitional fuel for being the chain between conventional resources and renewable energy. This proves to be an advantage to the international natural gas market, and hence, to the completion market. With an increase in the demand for energy in developing countries such as India and Brazil, fulfilling this demand will enhance the growth prospects of the completion equipment and services market.

The completion equipment and services market has great opportunities outside North America; however, its growth depends on various reasons, including environment, which are the major hurdles for the growth of this market.

Well Completion Equipment and Services Market

Currently, North America dominates the completion equipment and services market due to continuous and large increment in the U.S. exploration and production activities. North America has the highest market share because of favorable regulations in the region.

Available Customizations Title

Client Consult Problem Statement :
  1. To estimate and forecast the market potential of Sand Control, Sub Surface Safety Valves, Production Packers, Smart Wells, Multistage Fracturing tools, Gas lift products further segment by sub-category till 2020
  2. To analyze the market potential and future market for each sub category by countries in MENA & Sub-Saharan Africa
  3. To study the market attractiveness vis-ŗ-vis competition level to identify the target segment
  4. To assess the country attractiveness to identify the target countries and opportunities
  5. To estimate the demand of completion equipment by leading operators by countries and identify the target customers
  6. Analyze the market share of leading players by region Ė Middle East & North Africa and Sub-Sahara

Solution Provided:
  1. Methodology Adopted by MnM :MnM conducted multi-level, qualitative & quantitative stud....
  1. Methodology Adopted by MnM :MnM conducted multi-level, qualitative & quantitative study with a constructed sample of mid to senior level management executives as well as hands on industry professionals. Key parameters influencing the market are identified and their trends were studied to get the market numbers.
    At every level the estimates were verified by primary interviews with industry experts (both from demand and supply side) and finally by MarketsandMarkets domain experts
  2. Actual Solution Provided: -
      • MnM studied processes across each vertical, and identified & recommended processes
      • End-user surveys were conducted across all verticals to identify their requirement, expected improvement in the product, reason for their use of the sub-product type, and their expectations related to the product and the company providing it
      • Each vertical was studied on a country-level granularity, in order to identify the best addressable market for each vertical
      • In depth competitorís analysis were done to understand the product portfolio of its competitors and their geographical presence
      • Recommendation related to target country, target product and target sub-product

Value Delivered:

Through the detailed outcome of the study, MnMís client was able to identify & select new markets for entry, and formulated its market entry strategy. The granular set of information and recommendations shared by MnM assisted the client to understand the completion equipment and services requirement in the Middle East & North Africa and Sub-Saharan Africa.

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Client Customization Problem Statement : Competitive Intelligence/ Benchmarking for Completion Equipment

Solution Provided:

MnM's client needed beyond the insights into report for Product benchmarking of SLB, BHI, HAL, WEA
&....

MnM's client needed beyond the insights into report for Product benchmarking of SLB, BHI, HAL, WEA
   1. List of their product offerings (benchmarking chart) for completion
   2. Geography presence mapping of the said companies

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