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Global Horizontal Completions Market Size, Share, Forecast: By Application: Onshore, Offshore; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Trade Data Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Horizontal Completions Market Outlook
The global horizontal completions market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 9%. The market is driven by the rebound in the active rig count owing to the recovery in oil prices.
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Properties and Applications
Horizontal completion is also referred to as the horizontal well that enlarges the contact with the reservoir considerably, thus, accelerating the production or injection rates of the well.
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The horizontal completions market can be divided based on its application sectors into:
- Onshore
- Offshore
The EMR report looks into the regional horizontal completions markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The steady recovery of the global oil price from the third quarter of 2016 has improved the frequency of active rigs in both onshore and offshore drilling, thus, enhancing the demand for oilfield equipment, such as horizontal completion equipment. Advances in drilling technologies and improved production volumes have accelerated the number of rig count and horizontal wells, especially in North America.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global horizontal completions market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- NOV Inc.
- Schlumberger Limited
- Weatherford International plc
- Baker Hughes Company
- Halliburton Energy Services, Inc.
- Superior Energy Services, Inc.
- Others
The EMR report gives an in-depth insight into the horizontal completions market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Horizontal Completions Market Analysis
8.1 Key Industry Highlights
8.2 Global Horizontal Completions Historical Market (2018-2023)
8.3 Global Horizontal Completions Market Forecast (2024-2032)
8.4 Global Horizontal Completions Market by Application
8.4.1 Onshore
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Offshore
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Horizontal Completions Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.8 Middle East and Africa
8.5.8.1 Historical Trend (2018-2023)
8.5.8.2 Forecast Trend (2024-2032)
9 North America Horizontal Completions Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Horizontal Completions Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Horizontal Completions Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Horizontal Completions Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Horizontal Completions Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code- 843041)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 NOV Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Schlumberger Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Weatherford International plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Baker Hughes Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Halliburton Energy Services, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Superior Energy Services, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Horizontal Completions Market: Key Industry Highlights, 2018 and 2032
2. Global Horizontal Completions Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Horizontal Completions Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Horizontal Completions Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Horizontal Completions Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Horizontal Completions Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Horizontal Completions Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Horizontal Completions Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Horizontal Completions Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Horizontal Completions Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Horizontal Completions Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Horizontal Completions Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Horizontal Completions Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Horizontal Completions Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Horizontal Completions Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Horizontal Completions Market Structure
Key Questions Answered in the Report
The global horizontal completions market is projected to grow at a CAGR of 9% between 2024 and 2032.
The major drivers of the industry, such as the rise in disposable incomes, increase in population, rebound in the active rig count, and improved production volumes, are expected to aid the market growth.
The key market trend guiding the growth of the horizontal completions industry includes the advancements in drilling technologies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Onshore and offshore are the leading applications of the product in the industry.
The major players in the industry are Halliburton, National Oilwell Varco, Schlumberger Limited, Weatherford, and Baker Hughes, a GE company LLC, among others.
Analyst Review
The global horizontal completions market is being driven by the rebound in the active rig count and improved production volumes. Aided by the advances in drilling technologies, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 9%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the industry can be segmented into onshore and offshore. The major regional markets for horizontal completions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Halliburton, National Oilwell Varco, Schlumberger Limited, Weatherford, Baker Hughes, a GE company LLC, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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