Market Overview

Global Intelligent Completion Market by Application, Component, Type, Function, and Region - Forecast to 2023: Schlumberger, Halliburton, BHGE, Weatherford, and National Oilwell Varco are Dominating - ResearchAndMarkets.com

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The "Intelligent
Completion Market by Application, Component, Type, Function, and Region
- Global Forecast to 2023"
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offering.

The intelligent completion market is projected to reach USD 2.16 billion
by 2023, from an estimated USD 1.61 billion in 2018, at a CAGR of 6.05%.

This growth can be attributed to the increasing focus toward the
production of oil & gas wells and improved economical and operational
benefits across the globe. High initial costs coupled with a lack of
data processing infrastructure on the oil & gas rigs can hinder the
growth of this market.

The onshore segment accounted for the fastest growing segment by
application in intelligent completion during the forecasted period. The
cost incurred in the oil & gas activities such as drilling and well
completion is less in onshore when compared to offshore applications.
The increasing production activities from onshore are likely to boost
the intelligent completion market during the forecast period. The
countries which have no offshore reserves are conducting enhanced oil
recovery that has increased the demand for intelligent completion for
the onshore segment.

The Middle East is projected to grow at the highest CAGR during the
forecast period. Saudi Arabia accounted for the largest share of the
intelligent completion market in the Middle East in 2017. The market
growth in this region is driven by investments in the power generation
and the oil & gas sector. The region has abundant reserves of
hydrocarbons and is one of the leading petroleum-producing regions in
the world. It is the primary exporter of oil & gas globally, primarily
to Asian countries such as China and India.

The leading players in the intelligent completion market include
Schlumberger (US), Halliburton (US), BHGE (US), Weatherford (US), and
National Oilwell Varco (US).

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Intelligent Completion Market, By Application

7 Intelligent Completion Market, By Component

8 Intelligent Completion Market, By Type

9 Intelligent Completion Market, By Function

10 Intelligent Completion Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Benchmarking
  • BHGE
  • Ciscon Nigeria
  • Halliburton
  • National Oilwell Varco
  • Omega Well Intervention Ltd.
  • Ouro Negro
  • Packers Plus Energy Services
  • Praxis
  • Schlumberger
  • Tendeka
  • Vantage Energy
  • Weatherford

For more information about this report visit https://www.researchandmarkets.com/research/b9fnmg/global?w=4

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