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Downhole Tools Market by Type (Contamination Control Tools, Drilling Tools, Pressure and Flow Control Tools, and Handling Tools) and by Application (Well Drilling, Well Completion, Well Intervention, Formulation & Evaluation, and Oil & Gas Production): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 07-Mar-2019 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-2219 Status : Published

Global downhole tools market expected to generate around USD 5.62 billion by 2025, at a CAGR of around 4.78% between 2019 and 2025. Large-scale oilfield exploration and production activities witnessed in developing countries of North America and Europe is likely to drive the downhole tools market in the future.

Description

The report covers a forecast and an analysis of the downhole tools market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the downhole tools market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the downhole tools market on a global level.

In order to give the users of this report a comprehensive view of the downhole tools market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Downhole Tools Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and the product portfolio of various companies according to regions.

The study provides a decisive view of the downhole tools market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players of the global downhole tools market are Excalibre Downhole Tools Ltd., Bilco Tools Inc., Baker Hughes Inc., Schlumberger Ltd., Wenzel Downhole Tools Ltd., Oil States International Inc., Halliburton Company, National Oil Varco Inc., Weatherford International Ltd., Logan Oil Tools Inc., and United Drilling Tools Ltd.

This report segments the global downhole tools market as follows:

Global Downhole Tools Market: Type Analysis

  • Contamination Control Tools
  • Drilling Tools
  • Pressure and Flow Control Tools
  • Handling Tools

Global Downhole Tools Market: Application Analysis

  • Well Drilling
  • Well Completion
  • Well Intervention
  • Formulation and Evaluation
  • Oil and Gas Production

Global Downhole Tools Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter2. Executive Summary
    • 2.1. Global Downhole Tools market, 2016-2025 (USD Billion)
    • 2.2. Global Downhole Tools market: Snapshot
  •  
  • Chapter 3. Downhole Tools Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Downhole Tools market drivers: impact analysis
      • 3.2.2. Tapping Energy Potential of Shale Gas Reserves
    • 3.3. Market Restraints
      • 3.3.1. Global Downhole Tools market restraints: impact analysis
      • 3.3.2. Declining Crude Oil Prices
    • 3.4. Opportunities
      • 3.4.1. Increasing Number of Mature Oil & Gas Fields
    • 3.5. Porter's Five Forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by Type
      • 3.6.2. Market attractiveness analysis, by Application
      • 3.6.3. Market attractiveness analysis, by Region
  •  
  • Chapter 4. Global Downhole Tools Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Downhole Tools market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Downhole Tools Market - Type Analysis
    • 5.1. Global Downhole Tools market: Type overview
      • 5.1.1. Global Downhole Tools market revenue share, by Type, 2018 and 2025
    • 5.2. Contamination Control Tools
      • 5.2.1. Global Downhole Tools market for Contamination Control Tools, 2016-2025 (USD Billion)
    • 5.3. Drilling Tools
      • 5.3.1. Global Downhole Tools market for Drilling Tools, 2016-2025 (USD Billion)
    • 5.4. Pressure and Flow Control Tools
      • 5.4.1. Global Downhole Tools market for Pressure and Flow Control Tools, 2016-2025 (USD Billion)
    • 5.5. Handling Tools
      • 5.5.1. Global Downhole Tools market for Handling Tools, 2016-2025 (USD Billion)
  •  
  • Chapter 6. Global Downhole Tools Market- Application Analysis
    • 6.1. Global Downhole Tools market: Application overview
      • 6.1.1. Global Downhole Tools market revenue share, by Application, 2018 and 2025
    • 6.2. Well Drilling
      • 6.2.1. Global Downhole Tools market for Well Drilling, 2016-2025 (USD Billion)
    • 6.3. Well Completion
      • 6.3.1. Global Downhole Tools market for Well Completion, 2016-2025 (USD Billion)
    • 6.4. Well Intervention
      • 6.4.1. Global Downhole Tools market for Well Intervention, 2016-2025 (USD Billion)
    • 6.5. Formulation & Evaluation
      • 6.5.1. Global Downhole Tools market for formulation & evaluation, 2016-2025 (USD Billion)
    • 6.6. Oil & Gas Production
      • 6.6.1. Global Downhole Tools market for oil & gas production, 2016-2025 (USD Billion)
  •  
  • Chapter 7. Global Downhole Tools Market- Regional Analysis
    • 7.1. Global Downhole Tools market: regional overview
      • 7.1.1. Global Downhole Tools market revenue share, by region, 2018 and 2025
    • 7.2. North America
      • 7.2.1. North America Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
      • 7.2.2. North America Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.2.3. The U.S.
        • 7.2.3.1. The U.S. Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.2.3.2. The U.S. Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
      • 7.3.2. Europe Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.3.3. UK
        • 7.3.3.1. UK Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.3.3.2. UK Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.3.4. Germany
        • 7.3.4.1. Germany Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.3.4.2. Germany Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.3.5.2. France Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
      • 7.4.2. Asia Pacific Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.4.3.2. China Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.4.4.2. Japan Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.4.5.2. India Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
      • 7.5.2. Latin America Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
        • 7.5.3.2. Brazil Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Downhole Tools market revenue, by Type, 2016-2025 (USD Billion)
      • 7.6.2. The Middle East and Africa Downhole Tools market revenue, by Application, 2016-2025 (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Excalibre Downhole Tools Ltd.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Bilco Tools Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Baker Hughes Inc.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Schlumberger Ltd.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Wenzel Downhole Tools Ltd.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Oil States International Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Halliburton Company
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. National Oil Varco Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Weatherford International Ltd.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Logan Oil Tools Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

Free Analysis

Downhole tools are essential and fundamental tools required for well-drilling purposes. These tools are considered a cost-effective way to improve operational efficiency. These downhole tools belong to the class of oilfield gear (equipment), which is used for well-drilling, well intervention, well completion, etc. As huge amounts of oil remain unexplored beneath the earth’s surface, downhole tools can be used to optimize the efficiency of operations required in oilfields. Additionally, these tools are also utilized for continuing the seamless flow of oil from oil reservoirs. Thus, to accomplish these tasks, a myriad range of downhole tools are needed, such as roller drag friction, shock tools, centralizers, drilling jars, fishing tools, tubular tools, and drill pipes.

The global downhole tools market is anticipated to register significant growth in the future growing product usage in the oilfield sector, especially for offshore oil production and extraction applications. Over the last few years, there have been significant developments the oilfields in Texas, Gulf of Mexico, and North Dakota. The increasing offshore oil production and extraction activities are growing in these regions due to the stringent government rules and regulations regarding optimum utilization of hydrocarbon reserves. This is the primary factor driving the downhole tools market. Moreover, the ongoing technological advancements in the oil exploration and production operations are likely to further propel the downhole tools market in the future, as these advancements trigger the need for the downhole tools for cost-effective operations. Thus, the major companies are investing significantly in their R&D activities for developing new products by upgrading their functionalities. However, fluctuating crude oil prices may hamper the downhole tools market in the future.

Global Downhole Tools Market

Based on the type, the downhole tools market is segmented into contamination control tools, drilling tools, pressure, and flow control tools, and handling tools. On the basis of application, the downhole tools market is segmented into well drilling, well completion, well intervention, formulation and evaluation, and oil and gas production.

North America contributed an extensive revenue share to the global downhole tools market in 2018, due to increasing oilfield exploration and production activities across the region. Gulf of Mexico, Texas, North Dakota, etc. are expected to provide lucrative growth prospects for the North American downhole tools market in the future. Moreover, ongoing development of the power plant projects coupled with shale gas exploration activities throughout the region is anticipated to further boost this regional market in the upcoming years. Europe is anticipated to provide significant growth opportunities in the global downhole tools market in the years ahead, owing to the burgeoning demand for energy has resulted in increasing need of the offshore and onshore oilfield operations, particularly in the North Sea Basin area.

Some key players of the global downhole tools market are Excalibre Downhole Tools Ltd., Bilco Tools Inc., Baker Hughes Inc., Schlumberger Ltd., Wenzel Downhole Tools Ltd., Oil States International Inc., Halliburton Company, National Oil Varco Inc., Weatherford International Ltd., Logan Oil Tools Inc., and United Drilling Tools Ltd.

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