HOME Top Market Reports Downhole Tools Market by Types (Flow & Pressure Control Tools, Drilling Tools, Impurity Control Tools, Downhole Control System and Handling Tools), Application (Well Drilling, Well Completion, Well Intervention, Formation & Evaluation and Oil & Gas Production) & Geography - Global trends & Forecast to 2019

Downhole Tools Market by Types (Flow & Pressure Control Tools, Drilling Tools, Impurity Control Tools, Downhole Control System and Handling Tools), Application (Well Drilling, Well Completion, Well Intervention, Formation & Evaluation and Oil & Gas Production) & Geography - Global trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: July 2014
Report Code: EP 2564

 

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Downhole tools are different tools engaged in the Bottom Hole Assembly (BHA) for work-over and completion activities. Bottom Hole Assembly is selected according to the formation characteristics of the reservoir. The rate of penetration also rises with optimal selection of these tools. The reason behind the employment of these tools is the increasing of oil production without practically increasing the cost engaged in oil recovery. Various operations for which these tools are used are fishing, casing, cementing, well-bottom communication, drilling, logging, fracturing and well measurements. This equipment is used at very extreme conditions like high temperatures, pressure so their vulnerability is high.

The global downhole tools market is segmented firstly on the basis of its type such as flow & Pressure Control, Impurity Control, Drilling, Downhole Control Systems and Handling Tools. Secondly it is segmented on the basis of its application covering Well Drilling, Well Completion, Well Intervention, Formation & Evaluation, and Oil & Gas Production. Lastly the market is segmented based on the various geographical markets such as North America, Europe, Asia-Pacific, Middle-East, Latin America and Africa. Each segment has been analyzed with respect to its market trends, growth trends and future prospects. The data has been analyzed from 2014 to 2019 and all quantitative data regarding segmentation is mentioned in terms of value ($million).

Huge market with estimated value of $4.32 billion by 2019

The global downhole tools market value is expected to reach $4.32 billion by 2019, growing at a CAGR of 8.5 % from 2014 to 2019. The critical factors responsible for the growth of the  market include the use of Flow & Pressure Control, Impurity Control, Drilling, Control Systems, and Handling Tools.

Downhole tools market: by revenue, 2012-2019

Downhole Tools Market

Source MarketsandMarkets Analysis

The downhole tools market is also analyzed with respect to Porter's Five Force model. Different market forces such as threat from suppliers, threat from buyers, degree of competition, threat from substitutes, and threat from new entrants, are analyzed with respect to the fuel cell industry. The report also provides a competitive landscape of major market players that includes new product developments, mergers & acquisition, facility expansion, agreements & collaborations, contracts awarded. A number of these developments are spotted by key industry players that suggest the growth strategy of these companies as well as of the overall industry. Some of the key players include companies such as Baker Hughes Inc. (U.S.), Schlumberger (U.S.), Halliburton (U.S.), Weatherford (Ireland) and National Oilwell Varco (U.S.)

The report classifies and defines the value of this industry. It covers qualitative data of different types of downhole tools. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the market.

Scope of the Report:

The global downhole tools is analyzed in terms of revenue ($million) for the aforesaid applications, types, and tools by regions.

By Geography

  • Asia-Pacific
  • Europe
  • North America
  • Latin America
  • Middle-East

By Application

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

By Type

  • Flow& Pressure Control Tools
  • Impurity Control Tools
  • Drilling Tools
  • Downhole Control System
  • Handling Tools

Table of Contents 
 
1 Introduction (Page No. - 18)
    1.1 Objectives
    1.2 Analyst Insights
    1.3 Market Definitions
    1.4 Market Segmentation and Markets Covered
    1.5 Stakeholders
    1.6 Research Methodology
          1.6.1 Approach
          1.6.2 Market Size Estimation
          1.6.3 Market Crackdown & Data Triangulation
          1.6.4 Key Data Taken From Secondary Sources
          1.6.5 Key Secondary Sources Used
          1.6.6 Key Data Taken From Primary Sources
          1.6.7 Assumptions Made for This Report

2 Executive Summary (Page No. - 29)

3 Premium Insights (Page No. - 31)
    3.1 North America Is the Largest Market for Downhole Tools
    3.2 Deepwater Discoveries & the Increase in Exploration Activities Is Driving the African Market
    3.3 Market Share Scenario
    3.4 Downhole Tools Market Strategies
    3.5 Regional Market Life Cycle
 
4 Market Overview (Page No. - 37)
    4.1 Introduction
    4.2 Value Chain Analysis
    4.3 Market Dynamics
          4.3.1 Drivers
                   4.3.1.1 Tapping Energy Potential of Shale Gas Reserves
                   4.3.1.2 Economic Well Drilling
                   4.3.1.3 Ultra-Deep Drilling Activities
          4.3.2 Restraint
                   4.3.2.1 Access to Reserve: Political Issues & Technological Incompetence
          4.3.3 Opportunity
    4.4 Burning Issue
    4.5 Winning Imperatives
    4.6 Porterís Five forces Model
          4.6.1 Threat of New Entrants
          4.6.2 Threat of Substitutes
          4.6.3 Bargaining Power of Buyers
          4.6.4 Bargaining Power of Suppliers
          4.6.5 Degree of Competition

5 Downhole Tools Market, By Application (Page No. - 47)
    5.1 Introduction
    5.2 Downhole Tools Market, By Application
          5.2.1 Well Intervention Market, By Geography
          5.2.2 Well Completion Market
          5.2.3 Well Drilling Market
          5.2.4 Oil & Gas Production Market
          5.2.5 formation & Evaluation Market
    5.3 North America Downhole Tools Market, By Application 
          5.3.1 Introduction
          5.3.2 North America Well Intervention Market
          5.3.3 North America Well Completion Market
          5.3.4 North America Well Drilling Market
          5.3.5 North America: Oil & Gas Production Market
          5.3.6 North America formation Evaluation Market
    5.4 European Downhole Tools Market
          5.4.1 Introduction
          5.4.2 Europe Well Intervention Market
          5.4.3 Europe Well Completion Market
          5.4.4 Europe Well Drilling Market
          5.4.5 Europe Oil & Gas Production Market
          5.4.6 Europe formation Evaluation Market
    5.5 South & Central America Downhole Tools Market
          5.5.1 Introduction
          5.5.2 South & Central America Well Intervention Market
          5.5.3 South & Central America Well Completion Market
          5.5.4 South & Central America Well Drilling Market
          5.5.5 South & Central America Oil & Gas Production Market
          5.5.6 South & Central America formation Evaluation Market
    5.6 Africa Downhole Tools Market
          5.6.1 Introduction
          5.6.2 Africa Well Intervention Market
          5.6.3 Africa Well Completion Market
          5.6.4 Africa Well Drilling Market
          5.6.5 Africa Oil & Gas Production Market
          5.6.6 Africa formation Evaluation Market
    5.7 Middle East Downhole Tools Market
          5.7.1 Introduction
          5.7.2 Middle East Well Intervention Market
          5.7.3 Middle East Well Completion Market
          5.7.4 Middle East Well Drilling Market
          5.7.5 Middle East Oil & Gas Production Market
          5.7.6 Middle East formation Evaluation Market
    5.8 Asia-Pacific Downhole Tools Market
          5.8.1 Introduction
          5.8.2 Asia-Pacific Well Intervention Market
          5.8.3 Asia-Pacific Well Completion Market
          5.8.4 Asia-Pacific Well Drilling Market
          5.8.5 Asia-Pacific Oil & Gas Production Market
          5.8.6 Asia-Pacific formation Evaluation Market

6 Downhole Tools Market, By Tool-Type (Page No. - 93)
    6.1 Introduction
    6.2 Flow & Pressure Control Tools
    6.3 Drilling Tools
    6.4 Impurity Control Tools
    6.5 Downhole Control Tools
    6.6 Handling Tools

7 Downhole Tools Market, By Geography (Page No. - 103)
    7.1 Introduction
    7.2 Geographic-Analysis
          7.2.1 North America Downhole Tools Market
          7.2.2 Europe Downhole Tools Market
          7.2.3 Africa Downhole Tools Market
          7.2.4 Middle East Downhole Tools Market
          7.2.5 Asia-Pacific Downhole Tools Market
          7.2.6 South & Central America Downhole Tools Market

8 Country-Wise Analysis (Page No. - 113)
    8.1 Introduction
          8.1.1 North America
                   8.1.1.1 U.S. & Gom
                   8.1.1.2 Canada
          8.1.2 South & Central America
                   8.1.2.1 Mexico
                   8.1.2.2 Brazil
          8.1.3 Europe
                   8.1.3.1 Russia
          8.1.4 Africa
                   8.1.4.1 Egypt
          8.1.5 Asia-Pacific
                   8.1.5.1 China
                   8.1.5.2 India
                   8.1.5.3 Thailand
          8.1.6 Middle East
                   8.1.6.1 Saudi Arabia
                   8.1.6.2 Oman

9 Competitive Landscape (Page No. - 130)
    9.1 Introduction
    9.2 Key Players of the Downhole Tools Market
          9.2.1 Regional Analysis
          9.2.2 Key Companiesí Focus Area
    9.3 Most Active Companies in the Downhole Tools Market
    9.4 New Product Development-form Success Instruments
    9.5 Competitive Situation & Trends
          9.5.1 New Product Developments
          9.5.2 Facility Expansions
          9.5.3 Mergers & Acquisitions
          9.5.4 Agreements & Collaborations
          9.5.5 Contracts Award
    9.6 Market Investment Analysis
 
10 Company Profile (Page No. - 150)
     (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)* 
     10.1 Baker Hughes
     10.2 Bilco Tools, Inc.
     10.3 Excalibre Downhole Tools Limited
     10.4 Halliburton
     10.5 Logan Oil Tools Inc.
     10.6 National Oilwell Varco, Inc.
     10.7 Oil States International
     10.8 Saint Gobain
     10.9 Schoeller Bleckmann Oilfield Equipment Ag
     10.10 Schlumberger Ltd.
     10.11 United Drilling Tools Limited
     10.12 Weatherford International Ltd.
     10.13 Wenzel Downhole Tools

*Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies. 


List of Tables (81 Tables)

Table 1 Shale/Tight Oil Reserves
Table 2 offshore Drilling Activity, By Geography (in Ď000 Feet)
Table 3 Downhole Tools Market Size, By Application, 2012-2019 ($Million) 49
Table 4 Well Intervention Market Size, By Geography, 2012-2019 ($Million) 51
Table 5 Well Completion Market Size, By Geography, 2012-2019 ($Million) 52
Table 6 Well Drilling Market Size, By Geography, 2012-2019 ($Million)
Table 7 Oil & Gas Production Market Size, By Geography, 2012-2019 ($Million) 55
Table 8 formation Evaluation Market Size, By Geography, 2012-2019 ($Million) 56
Table 9 North America: Well Intervention Market Size, By Country, 2012-2019 ($Million)
Table 10 North America: Well Completion Market Size, By Country, 2012-2019 ($Million)
Table 11 North America: Well Drilling Market Size, By Country, 2012-2019 ($Million) 60
Table 12 North America: Oil & Gas Production Market Size, By Country, 2012-2019 ($Million) 61
Table 13 North America: formation Evaluation Market Size, By Country, 2012-2019 ($Million) 62
Table 14 Europe: Well Intervention Market Size, By Country, 2012-2019 ($Million) 64
Table 15 Europe: Well Completion Market Size, By Country, 2012-2019 ($Million) 65
Table 16 Europe: Well Drilling Market Size, By Country, 2012-2019 ($Million) 66
Table 17 Europe: Oil & Gas Production Market Size, By Country, 2012-2019 ($Million) 67
Table 18 Europe: formation Evaluation Market Size, By Country, 2012-2019 ($Million) 68
Table 19 South & Central America: Well Intervention Market Size, By Country, 2012-2019 ($Million) 70
Table 20 South & Central America: Well Completion Market Size, By Country Analysis, 2012-2019 ($Million) 71
Table 21 South & Central America: Well Drilling Market Size, By Country, 2012-2019 ($Million) 72
Table 22 South & Central America: Oil & Gas Production Market Size, By Country, 2012-2019 ($Million)
Table 23 South & Central America: formation Evaluation Market Size, By Country, 2012-2019 ($Million)
Table 24 Africa: Well Intervention Market Size, By Country, 2012-2019 ($Million) 76
Table 25 Africa: Well Completion Market Size, By Country, 2012-2019 ($Million) 77
Table 26 Africa: Well Drilling Market Size, By Country, 2012-2019 ($Million) 78
Table 27 Africa: Oil & Gas Production Market Size, By Country, 2012-2019 ($Million) 79
Table 28 Africa: formation Evaluation Market Size, By Country, 2012-2019 ($Million) 80
Table 29 Middle East: Well Intervention Market Size, By Country, 2012-2019 ($Million)
Table 30 Middle East: Well Completion Market Size, By Country, 2012-2019 ($Million) 82
Table 31 Middle East: Well Drilling Market Size, By Country, 2012-2019 ($Million) 83
Table 32 Middle East: Oil & Gas Production Tools Market Size, By Country, 2012-2019 ($Million) 84
Table 33 Middle East: formation Evaluation Market Size, By Country, 2012-2019 ($Million)
Table 34 Asia-Pacific: Well Intervention Market Size, By Country, 2012-2019 ($Million)
Table 35 Asia-Pacific: Well Completion Market Size, By Country, 2012-2019 ($Million) 88
Table 36 Asia-Pacific: Well Drilling Market Size, By Country, 2012-2019 ($Million) 89
Table 37 Asia-Pacific: Oil & Gas Production Market Size, By Country, 2012-2019 ($Million)
Table 38 Asia-Pacific: formulation Evaluation Market Size, By Country, 2012-2019 ($Million) 91
Table 39 Downhole Tools Market Size, By Tool Type, 2012-2019 ($Million) 95
Table 40 Flow & Pressure Control Tools Market Size, By Geography, 2012-2019 ($Million)
Table 41 Drilling Tools Market Size, By Geography, 2012-2019 ($Million) 97
Table 42 Impurity Control Tools Market Size, By Geography, 2012-2019 ($Million) 99
Table 43 Downhole Control Tools Market Size, By Geography, 2012-2019 ($Million) 100
Table 44 Handling Tools Market Size, By Geography, 2012-2019 ($Million) 101
Table 45 Downhole Tools Market, By Geography, 2012-2019 ($Million)
Table 46 North America: Downhole Tools Market Size, By Country, 2012-2019 ($Million)
Table 47 Europe: Downhole Tools Market Size, By Country, 2012-2019 ($Million) 107
Table 48 Africa: Downhole Tools Market Size, By Country, 2012-2019 ($Million) 108
Table 49 Middle East: Downhole Tools Market Size, By Country, 2012-2019 ($Million) 109
Table 50 Asia-Pacific: Downhole Tools Market Size, By Country, 2012-2019 ($Million) 110
Table 51 South & Central America: Downhole Tools Market Size, By Country, 2012-2019 ($Million) 111
Table 52 U.S. & Gom: Downhole Tools Market Size, By Application, 2012-2019 ($Million)
Table 53 Canada: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 115
Table 54 Mexico: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 117
Table 55 Brazil: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 118
Table 56 Russia: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 120
Table 57 Egypt: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 122
Table 58 China: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 124
Table 59 India: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 125
Table 60 Thailand: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 126
Table 61 Saudi Arabia: Downhole Tools Market Size, By Application, 2012-2019 ($Million)
Table 62 Oman: Downhole Tools Market Size, By Application, 2012-2019 ($Million) 129
Table 63 New Product Development, 2011-2014
Table 64 Facilty Expansion, 2011-2014
Table 65 Mergers & Acquisitions, 2011-2014
Table 66 Agreements & Collaborations, 2013-2014
Table 67 Contracts Award, 2012-2013
Table 68 Historical Investments
Table 69 Baker Hughes:Products & Description
Table 70 Bilco Tools, Inc.:Product
Table 71 Excalibre Downhole Tools Limited: Products
Table 72 Halliburton: Products
Table 73 Logan Oil Tools Inc.:Products
Table 74 National Oilwell Varco, Inc.:Products
Table 75 Oil States International: Products
Table 76 Saint Gobain: Products
Table 77 Schoeller Bleckmann Oilfield Equipment Ag: Products
Table 78 Schlumberger Ltd.:Products
Table 79 United Drilling Tools Limited: Products
Table 80 Weatherford International Ltd.:Products
Table 81 Wenzel Downhole Tools: Products


List of Figures (38 Figures)

Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 Global Downhole Tools Market, By Geography, 2012-2019 ($Million) 30
Figure 4 Downhole Tools Market Outlook, By Region, 2012-2019
Figure 5 Market Share Comparison, 2013-2019
Figure 6 Top Players: Market Share (Value), 2013
Figure 7 Market Strategy of Top Players, 2011-2014
Figure 8 Regional Downhole Tools Market Life Cycle, 2013
Figure 9 U.S.: Total Wells Drilled, By Type
Figure 10 Porterís Five forces Analysis
Figure 11 Downhole Tools Market Share (Value), By Application, 2014
Figure 12 U.S. Well Count, 2012-2013
Figure 13 Downhole Tools Market Share (Value), By Tool Type, 2013
Figure 14 Downhole Tools Market Share (By Value), By Geography, 2013
Figure 15 North America: Downhole Tools Market Share(Value), By Application, 2014 113
Figure 16 South & Central America: Downhole Tools Market Share, By Application, 2014 116
Figure 17 Europe: Downhole Tools Market Share (Value), By Application, 2014 119
Figure 18 Africa: Downhole Tools Market Share(Value), By Application, 2014
Figure 19 Asia-Pacific: Downhole Tools Market Share, By Application, 2014 ($Million)
Figure 20 Middle East: Downhole Tools Market Share, By Application, 2014
Figure 21 Downhole Tools Market Strategy, 2011-2014
Figure 22 New Product Developments, 2011-2014
Figure 23 New Product Developments, 2011-2014
Figure 24 Facility Expansion, 2011-2014
Figure 25 Mergers & Acquisitions
Figure 26 Agreements & Collaborations
Figure 27 Contracts Award
Figure 28 Baker Hughes: SWOT Analysis
Figure 29 Halliburton: SWOT Analysis
Figure 30 Logan Oil Tools Inc.:SWOT Analysis
Figure 31 National Oilwell Varco, Inc.:SWOT Analysis
Figure 32 Oil States International: SWOT Analysis
Figure 33 Saint Gobain: SWOT Analysis
Figure 34 Schoeller Bleckmann Oilfield Equipment Ag: SWOT Analysis
Figure 35 Schlumberger Ltd.:SWOT Analysis
Figure 36 United Drilling Tools Limited: SWOT Analysis
Figure 37 Weatherford International Ltd.:SWOT Analysis
Figure 38 Wenzel Downhole Tools: SWOT Analysis

The global downhole tools market is estimated to reach $4.21 billion by 2019, with a projected CAGR of 8.5 %, signifying a high demand for these tools for purpose of well completion.

Downhole tools are various tools employed in the Bottom Hole Assembly (BHA) for work-over and completion activities. Bottom Hole Assembly is selected according to the formation characteristics of the reservoir. The rate of penetration also increases with optimum selection of downhole tools. The purpose of the employing these tools is the increasing of oil production without practically increasing the cost employed in oil recovery. Different operations for which downhole tools are used are fishing, casing, cementing, well-bottom communication, drilling, logging, fracturing and well measurements. These equipment are used at very extreme conditions like high temperatures, pressure etc. so their vulnerability is maximum. Drilling tools are identified to be the dominating tools in the market. North America is the leading market for downhole tools with USA and Gulf of Mexico dominating the region.

Discovery of shale gas reserves and ultra-deep drilling activities: Driver of downhole tools market.

The global market has witnessed a decent growth, based on the discovery of gas reserves; these tools can be efficiently used in the complex well situation. They can be operated in extreme high and pressurized environment within the wells. Pressure and flow control tools along-with the other drilling tools operates in the downhole conditions. These properties drive the market for these tools.

Downhole Tools Market Share, by Geography, 2014

Downhole Tools Market

Source: MarketsandMarkets Analysis

Baker Hughes Inc. (U.S.), Schlumberger (U.S.), Halliburton (U.S.), Weatherford (Ireland), Wenzel Downhole tools (Canada)among others, are the major players that constitute a major share of the global market.

New Product development: Key strategy

Most of these companies mainly rely on growth strategies such as new-product launch, joint ventures & contracts, mergers & acquisitions, and investments & expansions in diversified geographic areas. The risk of failure involved in the industry is more due to new and innovative technologies that are being introduced. So to enhance market penetration, and share the expenditure along with the risks, the companies have opted for new product development activities.

The major downhole tools include flow & pressure control, impurity control, drilling, downhole control systems, handling Tools. Drilling tools have the largest share in the market.

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