Asia Pacific Completion Equipment Market Size, Share & Growth Report| 2031
Asia Pacific Completion Equipment Market Size, Share & Growth Report| 2031
Segments - Asia Pacific Completion Equipment Market by Deployments (Onshore and Offshore), Variety Types (Casings, Perforating Guns, Grovel Packing, and Cementing Materials & Equipment’s), and Geography [Asia Pacific]–Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2023–2031
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| Report ID :EP-1834
| 4.2 Rating
| 65 Reviews
| 215 Pages
| Format :
Report Description
Asia Pacific Completion Equipment Market Outlook 2031
The Asia Pacific completion equipment market size was valued USD XX Billion in 2022 and is anticipated to reach USD XX Billion in 2031 expand at a significant CAGR 2% during the forecast period 2023–2031. Growth of the market is attributed to increasing energy needs, increased deep water drilling, increased installation in tight and conventional reservoir, and growing transportation sector in emerging countries.
The Covid-19 pandemic affected the demand and supply of Asia Pacific completion equipment market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Completion equipment is used to transport an oil well to the completion state. The completion equipment contains items such as temperature and pressure gages to observe the well during production, production screens to prevent particles and sand from entering into the production tubing, & gas lift valves and chemical injection to increase production.
Completion Equipment Market Trends, Drivers, Restraints, and Opportunities
- Rapid development in unconventional sector is projected to boost the market.
- Increased efficiency in ultradeep waters and in deep waters is the major factor fueling the market.
- Lack of awareness about the completion equipment is projected to restrict the market expansion during the forecast period.
- High price of completion equipment is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in completion equipment market is projected to offer lucrative opportunities for the market players.
Scope of The Completion Equipment Market Report
The report on the Asia Pacific completion equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Asia Pacific Completion Equipment Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016-2021 |
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Forecast Period |
2023-2031 |
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Segmentation |
Deployments (Onshore and Offshore), Variety Types (Casings, Perforating Guns, Grovel Packing, & Cementing Materials and Equipment’s) |
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Geographical Scope |
India, Malaysia, China, Indonesia, and Rest of the Asia Pacific |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players covered in the Report |
China Oilfield Services Ltd; Schoeller-Bleckmann Oilfield Equipment AG; Weir Group PLC; Trican Well Services Ltd; Baker Hughes Company; Weatherford International plc.; FTS International Inc; National-Oilwell Varco, Inc.; Welltec A/S; Schlumberger Ltd; and Superior Energy Services, Inc. |
Completion Equipment Market Segment Insights
The offshore segment accounts for a key share of the market
Based on deployments, the Asia Pacific completion equipment market is bifurcated into onshore and offshore. The offshore segment accounts for a key share of the market. Growth of the market is attributed to increasing demand for gravel packing, increase in well exploration, and rising number of development projects.
However, the onshore segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing demand for gas, oil, and their derivatives, increasing production of shale gas, and rising number of matured fields.
The casings segment accounts for a significant share of the market
Based on variety types, the market is divided into casings, perforating guns, grovel packing, and cementing materials & equipment’s. The casings segment accounts for a significant share of the market. Growth of the market is attributed to rising environmental awareness, increasing need for promoting energy conservation, and rapid urbanization.
The perforating guns are anticipated to expand at a rapid pace during the forecast period due to factors such as increasing global population, rising automation in construction processes, and increasing investment for developing new and improved infrastructures.
China is anticipated to hold a major market share
On the basis of regions, the Asia Pacific completion equipment market is categorized as India, Malaysia, China, Indonesia, and Rest of Asia Pacific. The market of Malaysia is estimated to expand at a high CAGR during the forecast period due to increasing emphasis on minimizing the overall cost, increasing demand for oil field services, and rapid advancements in technologies.
The market of China is estimated to hold major market share due to increasing oil production, rising number of new oil fields, and increasing global population.
Segments
The Asia Pacific completion equipment market has been segmented on the basis of
Deployments
- Onshore
- Offshore
Variety Types
- Casings
- Perforating Guns
- Grovel Packing
- Cementing Materials and Equipment’s
Geography
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Asia Pacific
Key Players
- China Oilfield Services Ltd
- Schoeller-Bleckmann Oilfield Equipment AG
- Weir Group PLC
- Trican Well Services Ltd
- Baker Hughes Company
- Weatherford International plc.
- FTS International Inc
- National-Oilwell Varco, Inc.
- Welltec A/S
- Schlumberger Ltd
- Superior Energy Services, Inc.
Competitive Landscape
Key players competing in the Asia Pacific completion equipment market include China Oilfield Services Ltd; Schoeller-Bleckmann Oilfield Equipment AG; Weir Group PLC; Trican Well Services Ltd; Baker Hughes Company; Weatherford International plc.; FTS International Inc; National-Oilwell Varco, Inc.; Welltec A/S; Schlumberger Ltd; and Superior Energy Services, Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Completion Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Completion Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Completion Equipment Market - Supply Chain
4.5. Global Completion Equipment Market Forecast
4.5.1. Completion Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Completion Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Completion Equipment Market Absolute $ Opportunity
5. Global Completion Equipment Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Completion Equipment Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Completion Equipment Demand Share Forecast, 2019-2026
6. North America Completion Equipment Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Completion Equipment Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Completion Equipment Demand Share Forecast, 2019-2026
7. Latin America Completion Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Completion Equipment Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Completion Equipment Demand Share Forecast, 2019-2026
8. Europe Completion Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Completion Equipment Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Completion Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific Completion Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Completion Equipment Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Completion Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa Completion Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Completion Equipment Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Completion Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Completion Equipment Market: Market Share Analysis
11.2. Completion Equipment Distributors and Customers
11.3. Completion Equipment Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. China Oilfield Services Ltd Schoeller-Bleckmann Oilfield Equipment AG Weir Group PLC Trican Well Services Ltd Baker Hughes Company Weatherford International plc.
Methodology
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