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Downhole Tools Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jan 01, 2025
Length 160 Pages
SKU # FOB19847106

Description

Growth Factors of Downhole Tools Market

The global downhole tools market, valued at USD 4.06 billion in 2019, is projected treach USD 8.79 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.67% during the forecast period of 2020-2032.

Market Dynamics

The oil and gas industry's demand for efficient extraction processes has led tsignificant investments in advanced downhole tools. These tools are essential for various operations, including drilling, well completion, well intervention, and production. The adoption of cutting-edge technologies aims toptimize exploration and production (E&P) activities, ensuring higher yields and operational efficiency.

Unconventional Hydrocarbons Driving Growth

The surge in global energy demand has prompted a shift towards unconventional hydrocarbons, such as shale gas and tight gas. The United States' shale gas revolution has notably transformed the dynamics of the hydrocarbon market, encouraging other nations tinvest in unconventional resource exploration. This trend is anticipated tbolster the downhole tools market, as specialized equipment is required for efficient extraction from these complex reservoirs.

Impact of COVID-19

The COVID-19 pandemic posed unprecedented challenges tthe hydrocarbon industry, leading tplummeting oil prices and market uncertainties. Lockdowns and restrictions on non-essential services disrupted economic activities globally. However, essential economic activities and trade continued, providing opportunities for recovery and growth in the downhole tools market as industries adapted tthe new normal.

Regional Insights
  • North America: This region has experienced significant growth due tthe development of unconventional hydrocarbons and increased drilling activities, particularly in the United States. Substantial investments in shale gas exploration have further strengthened the market.
  • Asia-Pacific: Emerging economies like China and India are witnessing increased energy consumption, leading theightened exploration and production activities. Investments in offshore drilling, especially in deepwater and ultra-deepwater projects, are expected tdrive the demand for downhole tools in this region.
  • Europe: Countries such as Russia, Norway, and the UK are major oil producers in the region. The increasing demand for oil has led ta rise in production activities, thereby contributing tthe growth of the downhole tools market.
Key Market Segments

The downhole tools market is segmented based on tool type, application, and location:
  • By Tool Type:
Drilling Tools

Pressure & Flow Control Tools

Handling Tools

Impurity Control Tools

Others
  • By Application:
Well Drilling

Well Completion

Well Intervention

Well Production

Formation & Evaluation
  • By Location:
Onshore

Offshore (Shallow Water, Deepwater, Ultra-Deepwater)

Future Outlook

Despite challenges, the downhole tools market is poised for substantial growth, driven by technological advancements and the ongoing quest for energy security. The focus on optimizing oil and gas production through innovative tools and techniques will continue tshape the market landscape in the coming years.

ATTRIBUTE DETAILS

Study Period - 2016-2027

Base Year - 2019

Forecast Period - 2020-2027

Historical Period - 2016-2018

Unit - Value (USD Billion)

By Segmentation By Tool Type
  • Drilling Tools
  • Pressure & Flow Control Tools
  • Handling Tools
  • Impurity Control Tools
  • Others
By Application
  • Well Drilling
  • Well Completion
  • Well Intervention
  • Well Production
  • Formation & Evaluation
By Location
  • Onshore
  • Offshore
Shallow Water

Deepwater

Ultra-Deepwater

By Region
  • North America (U.S. and Canada)
  • Europe (UK, Germany, Norway, Russia, and Rest of Europe)
  • Asia Pacific (China, India, Indonesia, Thailand, Australia, and Rest of Asia Pacific)
  • Middle East & Africa (Saudi Arabia, UAE, Oman, Kuwait, Algeria, Angola, Egypt, and Rest of the Middle East & Africa)
  • Latin America (Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America)


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Table of Contents

160 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Qualitative Analysis – Impact of COVID-19
5.1. Impact of COVID-19 on the Oil and Gas Industry
5.2. Steps Taken by Government to Overcome the Impact
5.3. Key Developments in the Industry in Response to COVID-19
5.4. Potential Opportunity and Challenges due to Outbreak
6. Global Downhole Tools Market Analysis (USD Billion), Insights and Forecast, 2016-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Tool Type
6.2.1. Drilling Tools
6.2.2. Pressure & Flow Control Tools
6.2.3. Handling Tools
6.2.4. Impurity Control Tools
6.2.5. Others
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Well Drilling
6.3.2. Well Completion
6.3.3. Well Intervention
6.3.4. Well Production
6.3.5. Formation & Evaluation
6.4. Market Analysis, Insights and Forecast – By Location
6.4.1. Onshore
6.4.2. Offshore
6.4.2.1. Shallow Water
6.4.2.2. Deepwater
6.4.2.3. Ultra-Deepwater
6.5. Market Analysis, Insights and Forecast – By Region
6.5.1. North America
6.5.2. Latin America
6.5.3. Europe
6.5.4. Asia Pacific
6.5.5. Middle East & Africa
7. North America Downhole Tools Market Analysis (USD Billion), Insights and Forecast, 2016-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Tool Type
7.2.1. Drilling Tools
7.2.2. Pressure & Flow Control Tools
7.2.3. Handling Tools
7.2.4. Impurity Control Tools
7.2.5. Others
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Well Drilling
7.3.2. Well Completion
7.3.3. Well Intervention
7.3.4. Well Production
7.3.5. Formation & Evaluation
7.4. Market Analysis, Insights and Forecast – By Location
7.4.1. Onshore
7.4.2. Offshore
7.4.2.1. Shallow Water
7.4.2.2. Deepwater
7.4.2.3. Ultra-Deepwater
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. U.S.
7.5.2. Canada
8. Latin America Downhole Tools Market Analysis (USD Billion), Insights and Forecast, 2016-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Tool Type
8.2.1. Drilling Tools
8.2.2. Pressure & Flow Control Tools
8.2.3. Handling Tools
8.2.4. Impurity Control Tools
8.2.5. Others
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Well Drilling
8.3.2. Well Completion
8.3.3. Well Intervention
8.3.4. Well Production
8.3.5. Formation & Evaluation
8.4. Market Analysis, Insights and Forecast – By Location
8.4.1. Onshore
8.4.2. Offshore
8.4.2.1. Shallow Water
8.4.2.2. Deepwater
8.4.2.3. Ultra-Deepwater
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Venezuela
8.5.5. Rest of Latin America
9. Europe Downhole Tools Market Analysis (USD Billion), Insights and Forecast, 2016-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Tool Type
9.2.1. Drilling Tools
9.2.2. Pressure & Flow Control Tools
9.2.3. Handling Tools
9.2.4. Impurity Control Tools
9.2.5. Others
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Well Drilling
9.3.2. Well Completion
9.3.3. Well Intervention
9.3.4. Well Production
9.3.5. Formation & Evaluation
9.4. Market Analysis, Insights and Forecast – By Location
9.4.1. Onshore
9.4.2. Offshore
9.4.2.1. Shallow Water
9.4.2.2. Deepwater
9.4.2.3. Ultra-Deepwater
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. U.K.
9.5.2. Germany
9.5.3. Norway
9.5.4. Russia
9.5.5. Rest of Europe
10. Asia Pacific Downhole Tools Market Analysis (USD Billion), Insights and Forecast, 2016-2027
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Tool Type
10.2.1. Drilling Tools
10.2.2. Pressure & Flow Control Tools
10.2.3. Handling Tools
10.2.4. Impurity Control Tools
10.2.5. Others
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Well Drilling
10.3.2. Well Completion
10.3.3. Well Intervention
10.3.4. Well Production
10.3.5. Formation & Evaluation
10.4. Market Analysis, Insights and Forecast – By Location
10.4.1. Onshore
10.4.2. Offshore
10.4.2.1. Shallow Water
10.4.2.2. Deepwater
10.4.2.3. Ultra-Deepwater
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. China
10.5.2. India
10.5.3. Indonesia
10.5.4. Thailand
10.5.5. Australia
10.5.6. Rest of Asia Pacific
11. Middle East & Africa Downhole Tools Market Analysis (USD Billion), Insights and Forecast, 2016-2027
11.1. Key Findings / Summary
11.2. Market Analysis, Insights and Forecast – By Tool Type
11.2.1. Drilling Tools
11.2.2. Pressure & Flow Control Tools
11.2.3. Handling Tools
11.2.4. Impurity Control Tools
11.2.5. Others
11.3. Market Analysis, Insights and Forecast – By Application
11.3.1. Well Drilling
11.3.2. Well Completion
11.3.3. Well Intervention
11.3.4. Well Production
11.3.5. Formation & Evaluation
11.4. Market Analysis, Insights and Forecast – By Location
11.4.1. Onshore
11.4.2. Offshore
11.4.2.1. Shallow Water
11.4.2.2. Deepwater
11.4.2.3. Ultra-Deepwater
11.5. Market Analysis, Insights and Forecast – By Country
11.5.1. Saudi Arabia
11.5.2. UAE
11.5.3. Oman
11.5.4. Kuwait
11.5.5. Algeria
11.5.6. Angola
11.5.7. Egypt
11.5.8. Rest of Middle East & Africa
12. Competitive Analysis
12.1. Company Market Share Analysis, 2018
12.2. Company Profile
12.2.1. National Oilwell Varco
12.2.1.1. Business Overview
12.2.1.2. Product & Service Offering
12.2.1.3. Overall Revenue
12.2.1.4. Geographic Presence
12.2.1.5. Recent Development
12.2.2. Schoeller-Bleckmann Sales
12.2.2.1. Business Overview
12.2.2.2. Product & Service Offering
12.2.2.3. Overall Revenue
12.2.2.4. Geographic Presence
12.2.2.5. Recent Development
12.2.3. Weatherford
12.2.3.1. Business Overview
12.2.3.2. Product & Service Offering
12.2.3.3. Overall Revenue
12.2.3.4. Geographic Presence
12.2.3.5. Recent Development
12.2.4. Core Laboratories
12.2.4.1. Business Overview
12.2.4.2. Product & Service Offering
12.2.4.3. Overall Revenue
12.2.4.4. Geographic Presence
12.2.4.5. Recent Development
12.2.5. Baker Hughes
12.2.5.1. Business Overview
12.2.5.2. Product & Service Offering
12.2.5.3. Overall Revenue
12.2.5.4. Geographic Presence
12.2.5.5. Recent Development
12.2.6. Huntings PLC
12.2.6.1. Business Overview
12.2.6.2. Product & Service Offering
12.2.6.3. Overall Revenue
12.2.6.4. Geographic Presence
12.2.6.5. Recent Development
12.2.7. Schlumberger
12.2.7.1. Business Overview
12.2.7.2. Product & Service Offering
12.2.7.3. Overall Revenue
12.2.7.4. Geographic Presence
12.2.7.5. Recent Development
12.2.8. RPC, Inc.
12.2.8.1. Business Overview
12.2.8.2. Product & Service Offering
12.2.8.3. Overall Revenue
12.2.8.4. Geographic Presence
12.2.8.5. Recent Development
12.2.9. APS Technology Inc.
12.2.9.1. Business Overview
12.2.9.2. Product & Service Offering
12.2.9.3. Overall Revenue
12.2.9.4. Geographic Presence
12.2.9.5. Recent Development
12.2.10. Flotek Industries, Inc.
12.2.10.1. Business Overview
12.2.10.2. Product & Service Offering
12.2.10.3. Overall Revenue
12.2.10.4. Geographic Presence
12.2.10.5. Recent Development
12.2.11. TechnipFMC
12.2.11.1. Business Overview
12.2.11.2. Product & Service Offering
12.2.11.3. Overall Revenue
12.2.11.4. Geographic Presence
12.2.11.5. Recent Development
12.2.12. United Drilling Tools Ltd
12.2.12.1. Business Overview
12.2.12.2. Product & Service Offering
12.2.12.3. Overall Revenue
12.2.12.4. Geographic Presence
12.2.12.5. Recent Development
12.2.13. Rival Downhole Tools
12.2.13.1. Business Overview
12.2.13.2. Product & Service Offering
12.2.13.3. Overall Revenue
12.2.13.4. Geographic Presence
12.2.13.5. Recent Development

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