Key players in North America Well Completion Equipment & Services Market include Baker Hughes Inc. (U.S.), Nabors Industries (Bermuda), Halliburton (U.S.), Schlumberger Ltd (U.S.), and Weatherford International (Ireland)
(PRWEB) April 14, 2015
The well completion equipment and services in market in North America was valued at $4,769.4 million in 2014 and is estimated to reach $5,385.0 by 2019, at a CAGR of 2.5% during the period under consideration.
Browse through the TOC of North America Well Completion Equipment & Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
The growth of the North American well completion equipment and services market is attributed to the discovery of new oil & gas fields in the region. The rapidly-growing demand for oil & gas has led to an increase in the number of explorative activities in oil & gas fields, both onshore and offshore. With every new discovery, well completion activities are required for the efficient extraction of oil & gas. Thus, the market for well completion equipment and services is directly proportional to the number of new discoveries made.
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The U.S. held the largest share of 77.2% of the North American well completion equipment and services market in 2014, followed by the Canadian segment with a market share of 15.4%. The onshore application segment dominated the North American market, having accounted for a share of 78.8% in 2014.
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The main types of well completion equipment and services considered for the market analysis include packers, sand control tools, multi-stage fracturing tools, liner hangers, safety valves, and smart wells, among others. The North American market is dominated by the packers segment, while the multi-stage fracturing tools segment is projected to be the fastest-growing segment in the region during the forecast period of 2014 to 2019. Furthermore, the North American market has been analyzed in terms of the major countries of the region, such as the U.S., Canada, and Mexico.
Europe Well Completion Equipment and Services Market
Well Completion-Europe market has been pegged at 807.6m in the year 2014 growing at 11.3% annually and is projected to reach 1,377.3m by the end of the year 2019
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