Title: Completion Equipment Market estimated to reach $17.9 billion by 2019
1MarketsandMarkets Presents
Completion Equipment and Services Market worth
17.9 Billion by 2019
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mpletions-tools-equipment-market-10119998.html
2The report "Completion Equipment Market by Type
(Packers, Sand Control Tools, Multi-Stage
Fracturing Tools, Liner Hangers, Smart Wells,
Safety Valves, and Other) Geography - Global
Trends Forecast to 2019", defines and segments
the Completion Equipment Services Market with
an analysis and forecast of the global
revenue. Browse gtgt 58 Data
Tables 26 Figures 211 pages and in-depth
TOC on Completion Equipment Market
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this report.
3The completion equipment services market is
likely to grow reasonably in the upcoming years.
The long-term drivers of the completion equipment
services market are well-known. The onshore and
offshore drilling and exploration activities are
always associated with elevated danger and
require large investment for the exploration and
development of oil and gas. To increase
efficiency in deep water and in ultra-deep water,
arenas insist on state-of-the-art technology that
reduces risk, increases completion efficiencies,
and maximizes production. This increases the
demand of high competent tools, equipment, and
services in the market to reduce the risk
associated with this market. The major drivers
for the completion equipment services market
are increase in the production rate, new
additions to recoverable reserves, energy
strategy shift towards gas, and energy security
by domestic supply. Strict environmental rules
regulations and plunge in the number of
refineries are seen as major restraints to the
completion equipment services market. North
America holds the major market share in the
global completion equipment services market.
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mpletions-tools-equipment-market-10119998.html
4 The market has been estimated from the demand
point of view. This report breaks the market into
smaller service segments. In order to provide a
deeper understanding of the competitive
landscape, the report profiles 11 companies in
the completion equipment services market. The
global completion equipment services market
will grow from an estimated 10.7 billion in
2014. This value is expected to increase to 17.9
billion by 2019, at a CAGR of 10.8 during the
same period. North America is expected to lead
the global completion equipment services market
with a share of more than 40, in terms of value
generation in 2014.
http//www.marketsandmarkets.com/Market-Reports/co
mpletions-tools-equipment-market-10119998.html
5About MarketsandMarkets
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