North America Completion Equipment and Services Market Report and Forecast 2025-2034
Description
The North America completion equipment and services market size was valued at USD 2.40 Billion in 2024. The market is further projected to grow at a CAGR of 2.40% between 2025 and 2034, reaching a value of USD 3.04 Billion by 2034.
Strong oil and gas industry in the United States
While the majority of the United States oil and natural gas wells are situated on land, a number of wells tap into reserves beneath the ocean floor along the United States coastlines. In 2022, offshore dry natural gas output reached approximately 0.80 trillion cubic feet (Tcf), accounting for roughly 2.3% of the nation's total dry natural gas production. Of this, 87.6% was produced from federal waters in the Gulf of Mexico. The offshore areas managed by Alabama, Alaska, California, Louisiana, and Texas contributed about 0.3% to the total U.S. dry natural gas output in 2022.
In 2022, around 14.5% of the United States crude oil was produced from wells situated in the Federal Offshore Gulf of Mexico and approximately 0.1% was produced in Federal Offshore Pacific (California).
Rising demand for advanced completions systems and technologically advanced products is boosting the North America completion equipment and services market growth
Advanced completions systems eliminate the need for multiple oilfield-service providers and manages everything from wireline to rigless restorations to production optimisation. Furthermore, digitalised downhole-sensor intelligence can enhance production efficiency by remotely analysing and controlling reservoir functionality for unprecedented asset optimisation.
The productivity and decline of a well are significantly influenced by the effectiveness of its completion and workover operations. Due to substantial initial capital expenditure, extended preparation periods, and fluctuating oil prices, companies are driven to adopt innovative approaches to preserve operational efficiency, enhance safety, and minimise expenses. For instance, advancements in riserless light well intervention systems have heightened both efficiency and safety, by reducing the number of personnel needed for offshore operations onboard.
Market Segmentation
North America Completion Equipment and Services Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by:
Onshore
Offshore
Market Breakup by Country:
United States of America
Canada
Competitive Landscape
Market players are increasingly investment in this sector and are using advanced technology to maintain a competitive edge in the market.
Schlumberger Limited
Baker Hughes Company
Weatherford International plc
NOV Inc.
Welltec A/S
Halliburton Energy Services, Inc.
Trican Well Service Ltd
Superior Energy Services.
The Weir Group PLC
Schoeller-Bleckmann Oilfield Equipment AG
Others
Strong oil and gas industry in the United States
While the majority of the United States oil and natural gas wells are situated on land, a number of wells tap into reserves beneath the ocean floor along the United States coastlines. In 2022, offshore dry natural gas output reached approximately 0.80 trillion cubic feet (Tcf), accounting for roughly 2.3% of the nation's total dry natural gas production. Of this, 87.6% was produced from federal waters in the Gulf of Mexico. The offshore areas managed by Alabama, Alaska, California, Louisiana, and Texas contributed about 0.3% to the total U.S. dry natural gas output in 2022.
In 2022, around 14.5% of the United States crude oil was produced from wells situated in the Federal Offshore Gulf of Mexico and approximately 0.1% was produced in Federal Offshore Pacific (California).
Rising demand for advanced completions systems and technologically advanced products is boosting the North America completion equipment and services market growth
Advanced completions systems eliminate the need for multiple oilfield-service providers and manages everything from wireline to rigless restorations to production optimisation. Furthermore, digitalised downhole-sensor intelligence can enhance production efficiency by remotely analysing and controlling reservoir functionality for unprecedented asset optimisation.
The productivity and decline of a well are significantly influenced by the effectiveness of its completion and workover operations. Due to substantial initial capital expenditure, extended preparation periods, and fluctuating oil prices, companies are driven to adopt innovative approaches to preserve operational efficiency, enhance safety, and minimise expenses. For instance, advancements in riserless light well intervention systems have heightened both efficiency and safety, by reducing the number of personnel needed for offshore operations onboard.
Market Segmentation
North America Completion Equipment and Services Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by:
Onshore
Offshore
Market Breakup by Country:
United States of America
Canada
Competitive Landscape
Market players are increasingly investment in this sector and are using advanced technology to maintain a competitive edge in the market.
Schlumberger Limited
Baker Hughes Company
Weatherford International plc
NOV Inc.
Welltec A/S
Halliburton Energy Services, Inc.
Trican Well Service Ltd
Superior Energy Services.
The Weir Group PLC
Schoeller-Bleckmann Oilfield Equipment AG
Others
Table of Contents
95 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Completion Equipment and Services Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Completion Equipment and Services Historical Market (2018-2024)
- 5.3 Global Completion Equipment and Services Market Forecast (2025-2034)
- 5.4 Global Completion Equipment and Services Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Completion Equipment and Services Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Completion Equipment and Services Historical Market (2018-2024)
- 6.3 North America Completion Equipment and Services Market Forecast (2025-2034)
- 7 North America Completion Equipment and Services Market by Location
- 7.1 Onshore
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Offshore
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 North America Completion Equipment and Services Market by Country
- 8.1 United States of America
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Canada
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyer’s Power
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Competitive Landscape
- 10.1 Supplier Selection
- 10.2 Key Global Players
- 10.3 Key Regional Players
- 10.4 Key Player Strategies
- 10.5 Company Profiles
- 10.5.1 Schlumberger Limited
- 10.5.1.1 Company Overview
- 10.5.1.2 Product Portfolio
- 10.5.1.3 Demographic Reach and Achievements
- 10.5.1.4 Certifications
- 10.5.2 Baker Hughes Company
- 10.5.2.1 Company Overview
- 10.5.2.2 Product Portfolio
- 10.5.2.3 Demographic Reach and Achievements
- 10.5.2.4 Certifications
- 10.5.3 Weatherford International plc
- 10.5.3.1 Company Overview
- 10.5.3.2 Product Portfolio
- 10.5.3.3 Demographic Reach and Achievements
- 10.5.3.4 Certifications
- 10.5.4 NOV Inc.
- 10.5.4.1 Company Overview
- 10.5.4.2 Product Portfolio
- 10.5.4.3 Demographic Reach and Achievements
- 10.5.4.4 Certifications
- 10.5.5 Welltec A/S
- 10.5.5.1 Company Overview
- 10.5.5.2 Product Portfolio
- 10.5.5.3 Demographic Reach and Achievements
- 10.5.5.4 Certifications
- 10.5.6 Halliburton Energy Services, Inc.
- 10.5.6.1 Company Overview
- 10.5.6.2 Product Portfolio
- 10.5.6.3 Demographic Reach and Achievements
- 10.5.6.4 Certifications
- 10.5.7 Trican Well Service Ltd
- 10.5.7.1 Company Overview
- 10.5.7.2 Product Portfolio
- 10.5.7.3 Demographic Reach and Achievements
- 10.5.7.4 Certifications
- 10.5.8 Superior Energy Services.
- 10.5.8.1 Company Overview
- 10.5.8.2 Product Portfolio
- 10.5.8.3 Demographic Reach and Achievements
- 10.5.8.4 Certifications
- 10.5.9 The Weir Group PLC
- 10.5.9.1 Company Overview
- 10.5.9.2 Product Portfolio
- 10.5.9.3 Demographic Reach and Achievements
- 10.5.9.4 Certifications
- 10.5.10 Schoeller-Bleckmann Oilfield Equipment AG
- 10.5.10.1 Company Overview
- 10.5.10.2 Product Portfolio
- 10.5.10.3 Demographic Reach and Achievements
- 10.5.10.4 Certifications
- 10.5.11 Others
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