The global downhole tools market is forecasted to grow at a CAGR of 4.43% during the period 2017-2021

November 29, 2017 | By forimmediaterele | Filed in: Press Releases.

Travel & Tourism Industry release:

LONDON, Nov. 28, 2017 /PRNewswire/ —

About Downhole Tools

Downhole tools refer to the equipment used in upstream oil and gas operations such as the production of oil and gas, drilling, well interventions, and well completions. Downhole drilling tools form a major part of the overall market for downhole tools. Some of the common drilling tools used in upstream operations are: Tubulars, Deflection tools, Downhole motors, Casing and cementing tools, Drill bits, Impact tools and coiled tubing (CT) tools, Miscellaneous downhole tools, and Others.

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Technavio’s analysts forecast the global downhole tools market to grow at a CAGR of 4.43% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global downhole tools market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas

Technavio’s report, Global Downhole Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• General Electric
• Halliburton
• National Oilwell Varco
• Schlumberger
• Weatherford

Other prominent vendors
• Aker Solutions
• American Oilfield Tools
• Archer
• Dril-Quip
• C&J Energy Services
• Hunting
• Superior Energy Services
• Tryton Tool Services
• Vortex Tools
• Weir Group
• Xtreme Drilling

Market driver
• Increase in oil rig count
• For a full, detailed list, view our report

Market challenge
• Increasing investments in renewable energy
• For a full, detailed list, view our report

Market trend
• New-generation automated drilling rigs
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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