HOME › Press Releases › North America Completion Equipment and Services Market worth $5.27 Billion by 2019
North America Completion Equipment and Services Market worth $5.27 Billion by 2019
The report “North America Well Completion Equipment & Services Market by Type (Packers, Sand Control Tools, Multi-stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application & by Country - Trends & Forecast to 2019”, defines and segments the completion equipment and services market with an analysis and forecast of the North American completion equipment and services market size by value till 2019.
Browse 66 market data tables and 63 figures spread through 172 pages and in-depth TOC on “North America Well Completion Equipment & Services Market by Type (Packers, Sand Control Tools, Multi-stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application & by Country - Trends & Forecast to 2019"
Early buyers will receive 10% customization on reports.
The North America completion equipment and services market is expected to grow at slower rate in the next five years. Shale gas boom and discoveries of new oil wells in the offshore regions of Gulf of Mexico are long-term drivers of the North America completion equipment and services market. Onshore shore and offshore drilling and exploration activities in harsh environments require heavy investments. To increase efficiency in deepwater and ultra-deepwater areas, state-of-the-art technologies that reduce risk, increase completion efficiencies, and maximize production are required. This pushes the demand of advanced tools, equipment, and services in the market.
The major drivers for the North America completion equipment and services market include the shale gas boom in the U.S., increase in the production rate, new additions to recoverable reserves, energy strategy shift towards gas, and energy security by domestic supply. Environmental strict rules and regulations, coupled with a plunge in number of refineries are seen as major restraints to the North America completion equipment and services market. The U.S. holds a major market share in the North America completion equipment and services market.
The market has been estimated from the demand point of view. This report breaks the market into smaller service segments. To further provide a deeper understanding of the competitive landscape, the report profiles 11 companies in the North America completion equipment and services market.
North America Completion Equipment & Services Market Revenue, 2012–2019
Source: MarketsandMarkets Analysis
The North America completion equipment and services market is estimated to grow from $4.29 billion in 2013 to $4.67 billion in 2014. This value is expected to reach $5.27 billion by 2019, at a CAGR of 2.5% during the forecast period. The U.S. was expected to lead the North America completion equipment and services market with a market share of more than 75% in terms of value generation in 2014.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252