PUBLISHER: The Business Research Company | PRODUCT CODE: 1929132
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929132
Well-completion equipment and services encompass a range of solutions for the optimal preparation of oil and gas wells in both onshore and offshore locations. These services involve comprehensive wellbore consulting, design, and the deployment of downhole equipment to facilitate various completion processes. Activities include the installation of production tubing, placement of downhole tools, and other critical operations, ensuring that the well is suitably configured for efficient production.
Key components within well completion equipment and services comprise packers, sand control tools, multistage fracturing tools, liner hangers, valves, smart wells, and other specialized tools. Packers, for instance, serve as essential well-logging devices, enabling the measurement of pressure and temperature and monitoring flow dynamics throughout the completion process. The offerings in this sector encompass both equipment and associated services. These comprehensive well completion solutions find applications in diverse settings, ranging from onshore to offshore environments, supporting the effective development and production of oil and gas resources.
Tariffs have influenced the well completion equipment and services market by increasing costs of imported downhole tools, steel components, and advanced completion systems. These higher costs have affected offshore and onshore projects, particularly in North America, the Middle East, and Asia-Pacific regions. Tariff pressures have contributed to increased project budgets and delayed deployments in some cases. On the positive side, tariffs have encouraged localized manufacturing of completion tools and service capabilities. This has strengthened regional supply chains and reduced reliance on imports.
The well completion equipment and services market research report is one of a series of new reports from The Business Research Company that provides well completion equipment and services market statistics, including well completion equipment and services industry global market size, regional shares, competitors with a well completion equipment and services market share, detailed well completion equipment and services market segments, market trends and opportunities, and any further data you may need to thrive in the well completion equipment and services industry. This well completion equipment and services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The well completion equipment and services market size has grown strongly in recent years. It will grow from $11.18 billion in 2025 to $11.99 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to onshore oil and gas development, offshore drilling expansion, demand for enhanced recovery, technological progress in completions, energy consumption growth.
The well completion equipment and services market size is expected to see strong growth in the next few years. It will grow to $15.83 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to deepwater exploration growth, unconventional resource development, automation in well operations, production cost optimization, digital oilfield adoption. Major trends in the forecast period include smart well completion systems, advanced sand control technologies, multistage fracturing optimization, digital downhole monitoring, enhanced production efficiency solutions.
The surge in global oil and gas exploration demand is anticipated to drive the growth of the well-completion equipment and services market. Oil and gas exploration involves extracting resources from land and oceans, utilizing sophisticated well-completion equipment in challenging conditions to meet global energy needs. This equipment facilitates machinery installation for crude oil extraction, catering to the escalating demand for oil and gas worldwide. For instance, according to the US Energy Information Administration, the US crude oil output reached 12.4 million b/d in 2023, up from the previous record of 11.7 million b/d in 2022. Moreover, the US witnessed its highest annual natural gas consumption of 86.6 billion cubic feet per day (Bcf/d) in 2022 compared to prior years, signifying increased demand. Consequently, this rise in oil and gas exploration is propelling the growth of the well-completion equipment and services market.
Major companies in the well completion equipment and services sector are developing advanced digital control systems to optimize plunger lift well operations, enhance crude oil production efficiency, and enable real-time monitoring. Digital control systems are next-generation platforms that integrate AI, IoT, and wireless technologies to automate edge device operations and provide high-frequency, one-second monitoring of well behavior, bridging the gap between full-function SCADA controllers and standalone devices. For example, in September 2024, ChampionX Corporation, a U.S.-based oil and gas services company, launched the SMARTEN Unify control system for plunger lift wells. Designed for seamless integration with existing IT and SCADA infrastructure, the system offers turnkey simplicity and low cost of ownership, making advanced digital adoption more accessible for tight-margin operations.
In March 2025, Nabors Industries Ltd., a U.S.-based provider of advanced drilling rigs, drilling automation, and integrated well construction and completion services, acquired Parker Wellbore for $675 million. Through this acquisition, Nabors aimed to expand its global well construction and intervention capabilities, diversify service offerings beyond drilling, and strengthen its position as a full-cycle well delivery provider for oil and gas operators worldwide. Parker Drilling Company is a U.S.-based provider of rental tools, well services, tubular running services, and project management solutions across drilling, completion, production, and abandonment operations.
Major companies operating in the well completion equipment and services market are Halliburton Company, NOV Inc., Schlumberger Limited, Weatherford International PLC, Welltec Inc., NCS Multistage Holdings Inc., RPC Inc., Superior Energy Services Inc., Axis Energy Services Inc., Tycrop Group, Hilong Oil Service & Engineering Co. Ltd., Precision Drilling Corporation, Forum Energy Technologies Inc., Wellcare Oil Tools Private Limited, FTS International, Baker Hughes Company, Rasson Energy India Pvt. Ltd., Propell, Nine Energy Service, SPT Energy Group, Sinopec Oilfield Service, National Oilwell Varco, Nabors Industries, TechnipFMC, Expro Group, Hunting Energy Services
North America was the largest region in the well completion equipment and services market share in 2025. The regions covered in the well completion equipment and services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the well completion equipment and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The well casing and cementing market includes revenues earned by entities by casing, cementing, perforating, gravel packing and installing a production tree. The market value includes the value of related goods sold by the service provider or included within the service offering. The well casing and cementing market also includes sales of packers, nipples, circulation devices, side pocket, mandrels, blast joints and flow couplings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Well Completion Equipment And Services Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses well completion equipment and services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for well completion equipment and services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The well completion equipment and services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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