Well Completion Equipment And Services Global Market Report 2023

Well Completion Equipment And Services Market Segments

The Business Research Company segments it’s well completion equipment and services market report as:

By Type

Packers, Sand Control Tools, Multistage Fracturing Tools, Liner Hangers, Valves, Smart Wells, Other Types

By Offerings

Equipment, Services

By Application

Onshore, Offshore

Market Statistics

The global well completion equipment and services market size is expected to grow from $9.30 billion in 2022 to $9.98 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%.

The well completion equipment and services market size is expected to reach $13.17 billion in 2027 at a CAGR of 7.2%.

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Key Market Drivers And Trends

Drivers

The rise in demand for oil and gas exploration across the world is expected to propel the growth of the well-completion equipment and services market.

Trends

Technological advancement is a key trends gaining popularity in the well completion equipment and services market.

Region

North America was the largest region in the well completion equipment and services market in 2022. The regions covered in the well completion equipment and services report are AsiaPacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Market Players

Major players in the well completion equipment and services market are:

 General Electric Company

 Halliburton Company

 NOV Inc.

 Schlumberger Limited

 Weatherford International PLC.

 And more.

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