Intelligent Completion Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3790 | Report Format : | Status : Upcoming |

Abstract

Global Intelligent Completion Market: Overview

Intelligent completions incorporate permanent down hole sensors and surface-controlled down hole flow control valves, enabling an individual to monitor, evaluate, and actively manage production or injection in real-time without any well interventions. Data is transmitted to surface for local or remote monitoring after intelligent completion process.

Global Intelligent Completion Market: Growth Factors

With higher the number of wells that are integrated with intelligent field systems, the greater economic efficiency would be achieved. The adoption of intelligent well technology helps oil & gas wells with monitoring systems enabling them to operate at diminishing costs, optimize production, and manage the entire field. This, in turn, will drive intelligent completion market trends. Furthermore, the productivity enhancement is of significant importance as it delivers financial advantage and increased ROIs. The oil & gas operators can introduce additional capabilities for evaluating productive formation, thereby allowing the optimization of production and waterflood systems, thereby further proliferating the intelligent completion market demand in the years ahead.

 Moreover, intelligent completions provide other important advantages such as production from several formations, zonal isolation, control of production rate from different intervals, and enhancement of artificial lift efficiency. However, mounting costs witnessed in initial designing, components, installation, and maintenance of intelligent completions will hinder the expansion of intelligent completion market in the years ahead. In addition, concerns regarding data privacy and high Cybersecurity risks could restrain the growth of the intelligent completion market, leading to declining profits.

Nevertheless, the industry players are predicted to diversify product & system portfolios for addressing the requirements of myriad industries through the launching of new technologies and this, in turn, will reduce the costs.  These initiatives will result in nullifying the negative impact of hindrances on the intelligent completion market in the next decade.

Global Intelligent Completion Market: Segmentation

The global intelligent completion market can be classified based on type, application, function, component, and services. On the basis of type, the market is segmented into Simple Intelligent Well Completion and Complex Intelligent Well Completion. On the basis of application, the market is sectored into onshore and offshore applications. Based on the function, the intelligent completion market is divided into the downhole monitoring system, communication system, surface control system, and downhole control system. On the basis of component, the market is sectored into software and hardware. Based on the services, the market is sectored into end-to-end solution and point solution

Global Intelligent Completion Market: Regional Analysis

Based on regions, the global intelligent completion market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.  The Middle East is the fastest growing market during the forecast period.  The regional market development is driven by increased demand in oil and gas segment and energy production. The region is rich in hydrocarbon reservoirs and is one of the main oil producing areas all over the globe. It is a key exporter of oil and gas worldwide, mainly to Asian nations, for example, India and China.

Factors such as an increase in oil & gas activities and the availability of several mature oilfields in the North Sea are driving the intelligent completion market in the European region. Furthermore, growing exploration activities in offshore and arctic regions and increased adoption of data-driven technologies for real-time monitoring in the oil & gas industry can create massive growth opportunities for the intelligent completion business in Europe. APAC, LATAM, and North American markets have huge growth potential.

Global Intelligent Completion Market: Competitive Players

The key players in the global intelligent completion market include Schlumberger, Weatherford, Praxis, Tendeka, Ciscon Nigeria, Bhge, Vantage Energy, Halliburton, National Oilwell Varco, and Omega Well Intervention Ltd.

Global Intelligent Completion Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Power Tools Market by Mode (Electric, Pneumatic, and Others), by Tool Type (Drilling & Fastening, Sawing, Demolition, and Material Removal), and by Application (Construction, Automotive, Aerospace, DIY, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3845 | Report Format:

The report covers a forecast and an analysis of the power tools market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (Units). The study includes drivers and restraints of the po...Read More

Sorbitol Production Equipment Market by Type (Hydrogenation Reactors, Evaporators, Ion Exchangers, Sedimentation & Filtration Tanks, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3817 | Report Format:

The report covers a forecast and an analysis of the sorbitol production equipment 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 Million). The study includes drivers and restraints of ...Read More

Port Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3813 | Report Format:

Global Port Equipment Market: Overview Port Equipment comprises of the material handling system, breakbulk heavy-lift, container shipping, maritime cranes, and power transmission equipment. It helps in propelling the maritime trade through proficient delivery of safe, secured, and sustainable s...Read More

Metal Forming Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3811 | Report Format:

Global Metal Forming Market: Overview Metal Forming is a process in which metal is plastically deformed to a desired shape and geometry. In order to do so, a force is applied on the metal, that exceeds the yielding strength of the metal so as the metal doesnt show a temporary change in shape but...Read More

Flame Arrestors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3789 | Report Format:

Global Flame Arrestors Market: Overview Flame Arrestors which are devices which permit gas to pass through it, but stops a flame in order to prevent a larger fire or explosion. The device also referred as deflagration arrester operates by absorbing the heat from a flame front traveling at sub-so...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.