Energy and Power North America Well Completion Equipment Market

North America Well Completion Equipment Market by
Production, Revenue, Consumption, Export and Import
Forecast till 2019
The report “North America Well Completion Equipment & Services Market by Type (Packers,
Sand Control Tools, Multi-stage Fracturing Tools, Liner Hangers, Smart Wells, Safety
Valves, and Other), by Application & by Country - Trends & Forecast to 2019”, defines and
segments the completion equipment and services market with an analysis and forecast of the
North American completion equipment and services market size by value till 2019.
Browse 66 market data tables and 63 figures spread through 172 pages and in-depth TOC
on “North America Well Completion Equipment & Services Market by Type (Packers, Sand
Control Tools, Multi-stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and
Other), by Application & by Country - Trends & Forecast to 2019"
https://www.marketsandmarkets.com/Market-Reports/north-america-completion-equipment-
service-market-251695398.html
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The North America completion equipment and services market is expected to grow at slow er rate
in the next five years. Shale gas boom and discoveries of new oil wells in the offshore regions of
Gulf of Mexico are long-term drivers of the North America completion equipment and services
market. Onshore shore and offshore drilling and exploration activities in harsh environments
require heavy investments. To increase efficiency in deepwater and ultra-deepwater areas, state-
of-the-art technologies that reduce risk, increase completion efficiencies, and maximize
production are required. This pushes the demand of advanced tools, equipment, and services in
the market.
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The major drivers for the North America completion equipment and services market include the
shale gas boom in the U.S., increase in the production rate, new additions to recoverable
reserves, energy strategy shift towards gas, and energy security by domestic supply.
Environmental strict rules and regulations, coupled with a plunge in number of refineries are seen
as major restraints to the North America completion equipment and services market. The U.S.
holds a major market share in the North America completion equipment and services market.
The market has been estimated from the demand point of view. This report breaks the market
into smaller service segments. To further provide a deeper understanding of the competitive