DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zqjtrm/downhole_tools) has announced the addition of the "Downhole Tools Market by Tool Type, Application & by Region - Global Trends & Forecast to 2019" report to their offering.
The global downhole tools market is estimated to reach $4.49 Billion by 2019, at a CAGR of 4.9%, signifying a high demand for these tools for well intervention purposes.
The market has been segmented on the basis of its types, namely flow and pressure control, impurity control, drilling, downhole control systems, and handling tools; it has also been segmented on the basis of its application, covering well drilling, well completion, well intervention, formation & evaluation, and oil & gas production.
The report also touches upon various important aspects of the market. These include analysis of the value chain, Porter's Five Forces model, and the competitive landscape of the market based on the developments of the key players.
North America dominated the global market with a share of 42% in 2013. However, Africa is expected to grow at a faster rate with the highest CAGR of 8.2% during the forecast period. This is mainly because of new hydrocarbons discoveries in Africa. Well intervention forms the major application of downhole tools and accounts for a market share of 29%.
- Anton Oilfield Services Ltd.
- Baker Hughes
- Halliburton Co.
- Logan Oil Tools Ltd.
- Moog Inc.
- National Oilwell Varco Inc.
- Oil States International
- Saint Gobain
- Schlumberger Ltd.
- Schoeller Bleckmann Oilfield Equipment AG
- United Drilling Tools Ltd.
- Weatherford Internation
- Wenzel Downhole Tools Ltd.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Downhole Tools Market, By Application
8 Downhole Tools Market, By Tool-Type
9 Downhole Tools Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/zqjtrm/downhole_tools