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Global Downhole Tools Market 2017-2021

Global Downhole Tools Market 2017-2021

About Downhole Tools

Downhole tools refer to the equipment used in upstream oil and gas operations such as the production of oil and gas, drilling, well interventions, and well completions. Downhole drilling tools form a major part of the overall market for downhole tools. Some of the common drilling tools used in upstream operations are: Tubulars, Deflection tools, Downhole motors, Casing and cementing tools, Drill bits, Impact tools and coiled tubing (CT) tools, Miscellaneous downhole tools, and Others.

Technavio’s analysts forecast the global downhole tools market to grow at a CAGR of 4.43% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global downhole tools market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Downhole Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • General Electric
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford
Other prominent vendors
  • Aker Solutions
  • American Oilfield Tools
  • Archer
  • Dril-Quip
  • C&J Energy Services
  • Hunting
  • Superior Energy Services
  • Tryton Tool Services
  • Vortex Tools
  • Weir Group
  • Xtreme Drilling
Market driver
  • Increase in oil rig count
  • For a full, detailed list, view our report
Market challenge
  • Increasing investments in renewable energy
  • For a full, detailed list, view our report
Market trend
  • New-generation automated drilling rigs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Downhole Tools Market 2017-2021

Technavio recognizes the following companies as the key players in the global downhole tools market: General Electric, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford.

Other Prominent Vendors in the market are: Aker Solutions, American Oilfield Tools, Archer, Dril-Quip, C&J Energy Services, Hunting, Superior Energy Services, Tryton Tool Services, Vortex Tools, Weir Group, and Xtreme Drilling.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new-generation automated drilling rigs. Accidents in the oil and gas industry have huge repercussions. Their cascading effects are staggering and containing the accident consequences are extremely challenging. Thus, it becomes crucial to reduce the human error and keep it to a minimum.”

According to the report, one driver in the market is increase in oil rig count. During 2014, when the crude oil price was trading over $110/bbl, the global number of rig count was at its peak. There were several exploration and drilling projects that were being executed, with some in the beginning stages of production and new ones in the planning stage. For instance, in 2014, Shell announced that it started the production from second Mars platform in the deepwater Gulf of Mexico. The production was through Olympus, which is the company's seventh and largest floating deepwater platform in the Gulf of Mexico.

Further, the report states that one challenge in the market is increasing investments in renewable energy. Over the past few years, there has been a substantial increase in investments made toward renewable sources of energy. Although, governmental support is crucial for the renewable energy sector to flourish, companies belonging to this sector are successful in raising the money from the market. The growing environmental awareness among individuals has increased investments in the field of renewables. The renewable sector grew in 2015 despite the fall in oil and gas prices.

Companies Mentioned

General Electric, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Aker Solutions, American Oilfield Tools, Archer, Dril-Quip, C&J Energy Services, Hunting, Superior Energy Services, Tryton Tool Services, Vortex Tools, Weir Group, and Xtreme Drilling.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Oil and gas industry overview
        • Table Major segments of oil and gas industry
        • Table Petroleum upstream activities stages
    • Downhole tools overview
  • Market Landscape
    • Market ecosystem
      • Table Related market
      • Table Global downhole tools market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing – 2016
    • Market size and forecast 2016-2021
      • Table Global - Market size and forecast 2016-2021 ($ billions)
      • Table Global - Year-over-year growth 2017-2021 (%)
      • Table Reasons for low crude oil prices
  • Five forces analysis
    • Table Five forces analysis 2016
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market Condition- Five forces 2016
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Drilling - Market size and forecast 2016-2021
      • Table Drilling - Market size and forecast 2016-2021 ($ billions)
      • Table Drilling - Year-over-year growth 2017-2021 (%)
    • Well intervention - Market size and forecast 2016-2021
      • Table Well intervention - Market size and forecast 2016-2021 ($ billions)
      • Table Well intervention - Year-over-year growth 2017-2021 (%)
    • Completion - Market size and forecast 2016-2021
      • Table Completion - Market size and forecast 2016-2021 ($ billions)
      • Table Completion - Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ billions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ billions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ billions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global rig count based on geographic region 2016-2017
      • Table Comparison - Conventional vs unconventional sources
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
      • Table Increase in consumption of petrol and diesel in India (2013-2016)
    • Market challenges
      • Table Crude oil price 2012-2017 ($/bbl)
      • Table Global investment in renewable energy supply 2000-2016
  • Market trends
    • New-generation automated drilling rigs
    • Introduction of laser drilling
    • Rise in deep and ultra-deepwater drilling projects
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendor overview
  • Key vendor analysis
    • General Electric
      • Table General Electric: Key products/services
      • Table General Electric: Key developments
    • Halliburton
      • Table Halliburton: Key products/services
      • Table Halliburton: Key developments
    • National Oilwell Varco
      • Table National Oilwell Varco: Key products/services
      • Table National Oilwell Varco: Key developments
    • Schlumberger
      • Table Schlumberger: Key products/ services
      • Table Schlumberger: Key developments
    • Weatherford
      • Table Weatherford: Key products
      • Table Weatherford: Key developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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