North America Well Completion Equipment & Services Market is Estimated to Reach $5,385.0 Million in 2019 - A Report by MicroMarket Monitor

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The growth of the North America Well Completion Equipment and Services market is driven by the rising energy demand and increase in exploration in the region.

MicroMarket Monitor

MicroMarket Monitor

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)

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.

Related Report:

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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MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Oil & Gas industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Oil & Gas industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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