North America Completion Equipment Market Outlook to 2020 - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts
North America is poised to lead the completion equipment market in the coming decade. Strongly backed by the shale boom in the region and new exploration activity in Gulf of Mexico, the region offers significant market opportunity to equipment manufacturers and service providers.
Completion in oil and gas industry refers to making a well ready for production. Well completion incorporates the steps taken to convert a drilled well into producing stage. The steps in this process include casing, perforating, gravel packing and installing a production tree.
Completion and production often consists of cementing, stimulation, well intervention, pressure control, pipeline and process services, and completion services. The services may also contain installation, maintenance, repair or testing services as well.
North America leads the market in terms of demand and is closely followed by Asia-Pacific. Asia-pacifics exploration activity is at an all time high from the last four-five years thanks to shale boom in some countries such as China. Decent market opportunity exists for this market in Europe, as the North Seas new exploration activity is now moving in to deeper waters which require much sophisticated equipment. Countries such as the Netherlands and Norway present a decent market opportunity for oil country tubular goods.
Ever increasing energy demand, increased offshore exploration activity across the globe which often going in to deeper waters and several operators efforts to find new oil and gas reserves are driving the market. Whereas on the flip side, high initial investments, lack of skilled labor, and environmental conditions such as harsh weathers are restraining the market from growth.
What the Report Offers
Market Definition for the completion equipment along with identification of key drivers and restraints for the market.
Market analysis for the North America completion equipment market, with region specific assessments and competition analysis on a country and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a country and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the Macro and Micro factors that affect the North America completion equipment market on both country and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Reasons for Buying this Report
1)For gaining an exhaustive understanding of the North America market for completion equipment. Would be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade
2)An ideal opportunity for industry consultants, equipment manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered
3)Wide-ranging information provided about the leading market players and the major strategies adopted by them
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