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PUBLISHER: IMARC | PRODUCT CODE: 1379004
PUBLISHER: IMARC | PRODUCT CODE: 1379004
Downhole Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 148 Pages
DELIVERY TIME: 2-3 business days
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Abstract
The global downhole tools market size reached US$ 4.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of % 4.5during 2022-2028.
Downhole tools refer to the equipment used for well drilling, interventions and completions. These tools aid in accessing the untapped oil remains beneath the surface and optimizing production levels of the oil wells. Some of the commonly used downhole tools include roller centralizers, drilling jars, drag friction, fishing, shock and tubular tools and drill pipes. These tools are used in the bottom hole assembly for workover operations and are highly efficient in high temperature and pressure conditions. They also aid in maintaining the desired flow and examining the properties of the reservoir by analyzing the quality of rock, sand and liquid samples on the well surface.
Downhole Tools Market Trends:
Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing number of ultra-deep on-shore and off-shore drilling activities is providing a thrust to the market growth. Downhole tools are crucial for cementing, well bottom communications and fishing in oil and gas exploration activities. Additionally, various technological advancements, such as the development of automated and sustainable downhole tools for a higher rate of penetration (ROP) and minimal impact on the environment, are acting as other growth-inducing factors. Product manufacturers are also utilizing visualization and modeling tools to optimize, recreate and construct accurate well paths through the reservoir target. Other factors, including the implementation of favorable government policies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global downhole tools market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
Drilling Tools
Handling Tools
Flow and Pressure Tools
Control Tools
Others
Breakup by Application:
Well Drilling
Well Intervention
Formation and Evaluation
Production and Well Completion
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Bilco Tools Inc, Halliburton Company, Innovex Downhole Solutions Inc., NOV Inc., Oil States International Inc., Schlumberger Limited, Schoeller-Bleckmann Oilfield Equipment AG, Ulterra Drilling Technologies LP, United Drilling Tools LTD, Weatherford International plc and Wenzel Downhole Tools Ltd. (Basin Tools LP).
Key Questions Answered in This Report
- 1. How big is the global downhole tools market?
- 2. What is the expected growth rate of the global downhole tools market during 2023-2028?
- 3. What are the key factors driving the global downhole tools market?
- 4. What has been the impact of COVID-19 on the global downhole tools market?
- 5. What is the breakup of the global downhole tools market based on the product?
- 6. What is the breakup of the global downhole tools market based on the application?
- 7. What are the key regions in the global downhole tools market?
- 8. Who are the key players/companies in the global downhole tools market?
Product Code: SR112023A3900
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Downhole Tools Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Drilling Tools
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Handling Tools
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Flow and Pressure Tools
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Control Tools
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Well Drilling
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Well Intervention
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Formation and Evaluation
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Production and Well Completion
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Baker Hughes Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Bilco Tools Inc
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Halliburton Company
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Innovex Downhole Solutions Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 NOV Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Oil States International Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Schlumberger Limited
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Schoeller-Bleckmann Oilfield Equipment AG
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.9 Ulterra Drilling Technologies LP
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 United Drilling Tools LTD
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Weatherford International plc
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 Wenzel Downhole Tools Ltd. (Basin Tools LP)
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 SWOT Analysis
- 13.3.1 Baker Hughes Company
Product Code: SR112023A3900
List of Figures
- Figure 1: Global: Downhole Tools Market: Major Drivers and Challenges
- Figure 2: Global: Downhole Tools Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Downhole Tools Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Downhole Tools Market: Breakup by Product (in %), 2022
- Figure 5: Global: Downhole Tools Market: Breakup by Application (in %), 2022
- Figure 6: Global: Downhole Tools Market: Breakup by Region (in %), 2022
- Figure 7: Global: Downhole Tools (Drilling Tools) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Downhole Tools (Drilling Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Downhole Tools (Handling Tools) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Downhole Tools (Handling Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Downhole Tools (Flow and Pressure Tools) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Downhole Tools (Flow and Pressure Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Downhole Tools (Control Tools) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Downhole Tools (Control Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Downhole Tools (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Downhole Tools (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Downhole Tools (Well Drilling) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Downhole Tools (Well Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Downhole Tools (Well Intervention) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Downhole Tools (Well Intervention) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Downhole Tools (Formation and Evaluation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Downhole Tools (Formation and Evaluation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Downhole Tools (Production and Well Completion) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Downhole Tools (Production and Well Completion) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Downhole Tools (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Downhole Tools (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia-Pacific: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia-Pacific: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Downhole Tools Market: Breakup by Country (in %), 2022
- Figure 75: Middle East and Africa: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Global: Downhole Tools Industry: SWOT Analysis
- Figure 77: Global: Downhole Tools Industry: Value Chain Analysis
- Figure 78: Global: Downhole Tools Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Downhole Tools Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Downhole Tools Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Downhole Tools Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Downhole Tools Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Downhole Tools Market: Competitive Structure
- Table 6: Global: Downhole Tools Market: Key Players
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