Downhole Tools Market Research Report – Forecast to 2027

Global Downhole Tools Market Report by Application (drilling, completion, formation & evaluation, production, intervention), Type (downhole control tools, handling tools, flow & pressure control tools, drilling tools), and By Region -Forecast till 2027

ID: MRFR/E&P/0560-HCR | February 2021 | Region: Global | 120 pages

Please note that the assessment period of the report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for the updated data.

Impact of COVID-19 on the Global Downhole Tools Market
Downhole Tools Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The spread of COVID-19 has negatively impacted the global downhole tools market owing to the lockdowns imposed in the majority of the countries across the globe since December 2019. Downhole tools are pieces of oilfield equipment that are used during well drilling, completion, and intervention, or well workover activities and help in optimizing the production levels and maintaining a continuous flow from a reservoir. Various downhole tools are used to conduct well activities such as wireline tools & equipment, slickline tools & equipment, drilling jars, fishing tools, pushing tools, drill pipes, tubular tools, centralizers, etc.


Downhole tools are used in the bottom hole assembly for workover operations and well completions. The production of energy using downhole tools has slowed down due to the coronavirus lockdown. However, the demand for downhole tools is anticipated to recover in the coming months and grow significantly in the long term.


Global Oil Production Forecast


Source: International Energy Agency


The global petroleum supply and consumption have been disrupted as a result of COVID-19, and the associated mitigation efforts have been significant. When countries around the world enforced lockdowns in the first quarter, and the early second quarter, road and air travel fell sharply. Hence, global liquid fuel consumption fell far more quickly than production did. The sharpest declines occurred in the second quarter of 2020 when the oil consumption-weighted GDP was estimated to have declined by 10.3% as compared to the second quarter of 2019. According to EIA estimates, the global oil inventories went up by almost 1.3 billion barrels from the beginning of 2020 to May end. Slowly, the market is recovering. It is estimated that consumption would reach 101.1 billion barrels by the end of 2021, which would still be 16.7 billion barrels less than Q4 2019 values, but better as compared to 2020 Q4 predictions.

TABLE OF CONTENT

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

5 GLOBAL DOWNHOLE TOOLS, BY APPLICATION

5.1 INTRODUCTION

5.2 DRILLING

5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.3 COMPLETION

5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.4 FORMATION & EVALUATION

5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.5 PRODUCTION

5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

5.6 INTERVENTION

5.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

5.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6 GLOBAL DOWNHOLE TOOLS, BY TYPE

6.1 INTRODUCTION

6.2 DOWNHOLE CONTROL TOOLS

6.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.3 HANDLING TOOLS

6.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.4 FLOW & PRESSURE CONTROL TOOLS

6.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.5 DRILLING TOOLS

6.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

6.6 OTHERS

6.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

6.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027

7 GLOBAL DOWNHOLE TOOLS, BY REGION

7.1 INTRODUCTION

7.2 NORTH AMERICA

7.2.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.2 MARKET ESTIMATES & FORECAST BY APPLICATION TYPE, 2020-2027

7.2.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.2.4 U.S.

7.2.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.4.2 MARKET ESTIMATES & FORECAST BY APPLICATION TYPE, 2020-2027

7.2.4.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.2.5 CANADA

7.2.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.2.5.2 MARKET ESTIMATES & FORECAST BY APPLICATION TYPE, 2020-2027

7.2.5.4 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.3 EUROPE

7.3.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.2 MARKET ESTIMATES & FORECAST BY APPLICATION TYPE, 2020-2027

7.3.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.3.4 U.K

7.3.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.4.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.3.4.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.3.5 GERMANY

7.3.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.5..2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.3.5.4 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.3.7 SPAIN

7.3.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.7.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.3.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.3.8 ITALY

7.3.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.7.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.3.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.3.9 REST OF EUROPE

7.3.9.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.3.9.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.3.9.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.4 ASIA PACIFIC

7.4.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.4.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.4.6 CHINA

7.4.6.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.6.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.4.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.4.7 JAPAN

7.4.7.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.7.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.4.7.4 MARKET ESTIMATES & FORECAST BY LOCATION TYPE, 2020-2027

7.4.8 AUSTRALIA

7.4.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.7.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.4.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.4.8 REST OF ASIA-PACIFIC

7.4.8.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.4.7.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.4.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

7.5 REST OF THE WORLD

7.5.1 MARKET ESTIMATES & FORECAST, 2020-2027

7.5.2 MARKET ESTIMATES & FORECAST BY APPLICATIONTYPE, 2020-2027

7.5.4 MARKET ESTIMATES & FORECAST BY TYPE, 2020-2027

8 COMPETITIVE LANDSCAPE

9 COMPANY PROFILE

9.1 SCHLUMBERGER (U.S.)

9.1.1 COMPANY OVERVIEW

9.1.2 PRODUCT/SERVICES OFFERING

9.1.3 FINANCIAL OVERVIEW

9.1.4 KEY DEVELOPMENTS

9.1.5 STRATEGY

9.1.6 SWOT ANALYSIS

9.2 HALLIBURTON (U.S.)

9.2.1 COMPANY OVERVIEW

9.2.2 PRODUCT /SERVICES OFFERING

9.2.3 FINANCIAL OVERVIEW

9.2.4 KEY DEVELOPMENTS

9.2.5 STRATEGY

9.2.6 SWOT ANALYSIS

9.3 BAKER HUGHES (U.S.)

9.3.1 COMPANY OVERVIEW

9.3.2 PRODUCT /SERVICES OFFERING

9.3.3 FINANCIAL OVERVIEW

9.3.4 KEY DEVELOPMENTS

9.3.5 STRATEGY

9.3.6 SWOT ANALYSIS

9.4 WEATHERFORD INTERNATIONAL (IRELAND)

9.4.1 COMPANY OVERVIEW

9.4.2 PRODUCT /SERVICES OFFERING

9.4.4 FINANCIAL OVERVIEW

9.4.4 KEY DEVELOPMENTS

9.4.5 STRATEGY

9.4.6 SWOT ANALYSIS

9.5 NATIONAL OILWELL VARCO INC. (U.S.)

9.5.1 COMPANY OVERVIEW

9.5.2 PRODUCT /SERVICES OFFERING

9.5.3 FINANCIAL OVERVIEW

9.5.4 KEY DEVELOPMENTS

9.5.5 STRATEGY

9.5.6 SWOT ANALYSIS

9.6 LOGAN OIL TOOLS INC. (U.S.)

9.6.1 COMPANY OVERVIEW

9.6.2 PRODUCT /SERVICES OFFERING

9.6.4 FINANCIAL OVERVIEW

9.6.4 KEY DEVELOPMENTS

9.6.5 STRATEGY

9.6.6 SWOT ANALYSIS

9.7 WENZEL DOWNHOLE TOOLS LTD. (U.S.)

9.7.1 COMPANY OVERVIEW

9.7.2 PRODUCT /SERVICES OFFERING

9.7.3 FINANCIAL OVERVIEW

9.7.4 KEY DEVELOPMENTS

9.7.5 STRATEGY

9.7.6 SWOT ANALYSIS

9.8 SAINT GOBAIN (FRANCE)

9.8.1 COMPANY OVERVIEW

9.8.2 PRODUCT /SERVICES OFFERING

9.8.3 FINANCIAL OVERVIEW

9.8.4 KEY DEVELOPMENTS

9.8.5 STRATEGY

9.8.6 SWOT ANALYSIS

9.9 OIL STATES INTERNATIONAL INC. (INDIA)

9.9.1 COMPANY OVERVIEW

9.9.2 PRODUCT /SERVICES OFFERING

9.9.3 FINANCIAL OVERVIEW

9.9.4 KEY DEVELOPMENTS

9.9.5 STRATEGY

9.10 UNITED DRILLING TOOLS (INDIA)

9.10.1 COMPANY OVERVIEW

9.10.2 PRODUCT /SERVICES OFFERING

9.10.3 FINANCIAL OVERVIEW

9.10.3 KEY DEVELOPMENTS

9.10.4 STRATEGY

9.10.5 SWOT ANALYSIS

9.11 ANTON OILFIELD SERVICES (CHINA)

9.11.1 COMPANY OVERVIEW

9.11.2 PRODUCT /SERVICES OFFERING

9.11.3 FINANCIAL OVERVIEW

9.11.4 KEY DEVELOPMENTS

9.11.5 STRATEGY

9.11.6 SWOT ANALYSIS

9.12 EXCALIBRE DOWNHOLE TOOLS LTD. (CANADA)

9.12.1 COMPANY OVERVIEW

9.12.2 PRODUCT /SERVICES OFFERING

9.12.3 FINANCIAL OVERVIEW

9.12.4 KEY DEVELOPMENTS

9.12.5 STRATEGY

9.12.6 SWOT ANALYSIS

10 CONCLUSION

11 APPENDIX


LIST OF TABLES

TABLE 1 GLOBAL DOWNHOLE TOOLS: BY REGION, 2020-2027

TABLE 2 NORTH AMERICA DOWNHOLE TOOLS: BY COUNTRY, 2020-2027

TABLE 3 EUROPE DOWNHOLE TOOLS: BY COUNTRY, 2020-2027

TABLE 4 ASIA PACIFIC DOWNHOLE TOOLS: BY COUNTRY, 2020-2027

TABLE 5 ROW DOWNHOLE TOOLS: BY COUNTRY, 2020-2027

TABLE 6 GLOBAL DOWNHOLE TOOLS, BY APPLICATION TYPE, BY REGIONS, 2020-2027

TABLE 7 NORTH AMERICA DOWNHOLE TOOLS, BY APPLICATION TYPE, BY COUNTRY, 2020-2027

TABLE 8 EUROPE DOWNHOLE TOOLS, BY APPLICATION TYPE, BY COUNTRY, 2020-2027

TABLE 9 ASIA PACIFIC DOWNHOLE TOOLS BY APPLICATION TYPE, BY COUNTRY, 2020-2027

TABLE 10 ROW DOWNHOLE TOOLS BY APPLICATION TYPE, BY COUNTRY, 2020-2027

TABLE 11 GLOBAL DOWNHOLE TOOLS, BY TYPE, BY REGIONS, 2020-2027

TABLE 12 NORTH AMERICA DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 13 EUROPE DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 14 ASIA PACIFIC DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 15 ROW DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 16 GLOBAL DOWNHOLE TOOLS, BY TYPE, BY REGIONS, 2020-2027

TABLE 17 NORTH AMERICA DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 18 EUROPE DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 19 ASIA PACIFIC DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 20 ROW DOWNHOLE TOOLS, BY TYPE, BY COUNTRY, 2020-2027

TABLE 21 GLOBAL DOWNHOLE TOOLS: BY REGION, 2020-2027

TABLE 22 GLOBAL DOWNHOLE TOOLS: BY REGION, 2020-2027

TABLE 23 GLOBAL DOWNHOLE TOOLS: BY REGION, 2020-2027

TABLE 24 NORTH AMERICA DOWNHOLE TOOLS, BY COUNTRY

TABLE 25 NORTH AMERICA DOWNHOLE TOOLS, BY APPLICATIONTYPE

TABLE 26 NORTH AMERICA DOWNHOLE TOOLS, BY TYPE

TABLE 27 NORTH AMERICA DOWNHOLE TOOLS, BY LOCATION LEVEL

TABLE 28 EUROPE: DOWNHOLE TOOLS, BY COUNTRY

TABLE 29 EUROPE: DOWNHOLE TOOLS, BY APPLICATION TYPE

TABLE 30 EUROPE: DOWNHOLE TOOLS, BY TYPE

TABLE 31 EUROPE: DOWNHOLE TOOLS, BY LOCATION LEVEL

TABLE 32 ASIA-PACIFIC: DOWNHOLE TOOLS, BY COUNTRY

TABLE 33 ASIA-PACIFIC: DOWNHOLE TOOLS, BY APPLICATION TYPE

TABLE 34 ASIA-PACIFIC: DOWNHOLE TOOLS, BY TYPE

TABLE 35 ASIA-PACIFIC: DOWNHOLE TOOLS, BY LOCATION LEVEL

TABLE 36 ROW: DOWNHOLE TOOLS, BY REGION

TABLE 37 ROW DOWNHOLE TOOLS, BY APPLICATION TYPE

TABLE 38 ROW DOWNHOLE TOOLS, BY TYPE

TABLE 39 ROW DOWNHOLE TOOLS, BY LOCATION LEVEL



LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL DOWNHOLE TOOLS SHARE, BY APPLICATIONTYPE, 2020 (%)

FIGURE 9 GLOBAL DOWNHOLE TOOLS, BY APPLICATIONTYPE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL DOWNHOLE TOOLS SHARE, BY TYPE, 2020 (%)

FIGURE 11 GLOBAL DOWNHOLE TOOLS, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL DOWNHOLE TOOLS SHARE, BY TYPE, 2020 (%)

FIGURE 13 GLOBAL DOWNHOLE TOOLS, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 14 GLOBAL DOWNHOLE TOOLS SHARE (%), BY REGION, 2020

FIGURE 15 GLOBAL DOWNHOLE TOOLS, BY REGION, 2020-2027 (USD MILLION)

FIGURE 16 NORTH AMERICA DOWNHOLE TOOLS SHARE (%), 2020

FIGURE 17 NORTH AMERICA DOWNHOLE TOOLS BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 EUROPE DOWNHOLE TOOLS SHARE (%), 2020

FIGURE 19 EUROPE DOWNHOLE TOOLS BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 ASIA PACIFIC DOWNHOLE TOOLS SHARE (%), 2020

FIGURE 21 ASIA PACIFIC DOWNHOLE TOOLS BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 22 REST OF THE WORLD DOWNHOLE TOOLS SHARE (%), 2020

FIGURE 23 REST OF THE WORLD DOWNHOLE TOOLS BY COUNTRY, 2020-2027 (USD MILLION)