Smart Well Market Research Report - Global Forecast to 2027

Smart Well Market: Information by Technology (Flow Control Equipment, Monitoring System and Data Transmission System), by Component (Hardware and Software), by Application (Onshore and Offshore) and by Region - Forecast till 2027

ID: MRFR/E&P/1954-CR | October, 2020 | Region : Global

Smart Well Market Overview


The market valuation is predicted to increase from USD 1,536.6 million to 2,178.7 million USD within a time period of 2017-2022. The compound annual growth rate (CAGR) is expected to reach 6.09 percent from 2018 to 2023. The smart well market is a remarkable technology that is growing exponentially at a rapid pace in the global economy.


The smart well technology is an advanced process where valves and sensors are positioned down-hole for easy monitoring and management. The demand for the smart well market is reaching great heights due to the increase in drilling and completion activities. Oil and gas industries majorly apply smart technologies for reservoir monitoring systems inside well and everlasting down-hole measurement equipment. The technology uses electronics and mechanical devices, which include monitoring systems, sensors, and pressure transmitters. During the down-hole drilling process, the electronics and mechanical devices control the pressure, which enhances productivity and makes better oil recovery. The improved production and oil recovery drive the smart well market to the optimum level.


The smart well technology uses a down-hole mechanical valve or internal control valve (ICV) as basic equipment with different holes that control the oil flow and restrict unwanted fluids to enter inside. All these features are heavily beneficial for oil and gas industries that utilize natural resources efficiently. The broad utilization of smart well technology boosts the growth of the smart well market. In the forecast years, the smart well market is going to reach stupendous heights as more and more oil industries are adopting and implementing smart wells. The trends in these sectors are changing rapidly, which ensures that the smart well market will increase its size in the near future.


Competitive Landscape of the smart well market


The major key players of the smart well market are:



  • Halliburton (US)

  • Weatherford (US)

  • Schlumberger Limited (US)

  • Salym Petroleum Development N.V. (Netherlands)

  • Nabors Industries Ltd (Bermuda)

  • INTECH Process Automation (US)

  • Novomet (Russia)

  • Rockwell Automation Inc (US)

  • L&T Technology Services Limited (India)

  • Baker Hughes (US)

  • Emerson Electric Co (US)

  • ABB (Switzerland)

  • GE company (BHGE) (US)


The escalation of offshore drilling tasks leads to expand the smart well market limits. The rising implementation of the Internet of things (IoT) and automation systems in oil and gas industries for better operational activities ensures that the market will have substantial growth in the upcoming years.


The report elaborates on the market details of the smart well technology implementation and the impact of COVID19 on the industry. It provides insights into the market dynamics of the smart well market and the role of drivers in increasing the market economy. It focuses on the segmentation of the market and major players that drive the smart well market. The description also covers the regional analysis of different areas, which will reflect in the growth of the smart well market share.


COVID19 Analysis


Different sectors all around the world were severely impacted by the COVID19 pandemic outbreak. The global economic growth rate became slower, and the organizations faced numerous challenges in continuing working practices. Industries and businesses bear several financial losses due to the strict lockdown restrictions. Industrial works were put at a halt, and production activities had many disruptions. The lockdown measures created many disturbances in the supply chain, and the demand to supply gap widened more and more.


Several projects in the smart well market got delayed for an uncertain time period during the pandemic. The drilling and completion ventures suffered countless challenges in operational works. The intense dependence on manual labor resulted in the delaying of operational activities.


The adverse impact of lockdown forced industries to shift towards automation systems and smart technology. As many industries are incorporating intelligent and advanced technology in the working processes, it raises the requirement of smart well market trends. The increasing demand for the smart well market during pandemic reflects that the market growth will sustain even in adverse circumstances and will continue to grow in the upcoming years.


Market Dynamics



  • Major drivers of the market


The oil and gas industrial sector is the primary driving force of the smart well market as these industries perform drilling and completion activities. The smart well market uses long-lasting down-hole measurement equipment and smart reservoir monitoring systems inside the well that enables better observation and management in the processes. The electronics and mechanical devices like sensors, pressure transmitters, and monitoring systems inside smart well technology allow access to industries for controlling pressure as well as temperatures while drilling. The advanced automation factors elevate the smart well market growth to a greater extent.


The smart well market enables oil and gas companies to enhance their production rate and quality. The oil recovery improves a lot with the implementation of smart, good technology and allows industries to utilize natural resources efficiently. The rising offshore and onshore drilling activities and industrial dependence on automated operational activities lead to an increase in demand for the smart well market. The market is expected to show substantial growth in the forecast time period.



  • Significant Opportunities for the market


The market demand for the smart well industry is rising at an optimum level, and it will have further growth in the next many years. The smart well market has numerous opportunities that can help to increase its market size and share. The smart well technology utilizes different sensors and pressure transmitters that allow in managing different temperatures and pressures. The internal control valve restricts unwanted fluid from entering inside and helps in controlling the oil flow. It helps in monitoring the in-well reservoir systems, which makes smart well technology a wise option. Improved oil recovery and increased production lure enterprises to opt for the technology, which in turn increases the smart well market growth.


The upstream sector in oil and gas industries and offshore drilling tasks requires more automation and IoT-based technology for better operational processes. The increased implementation of the smart well market will enhance the efficiency rate of industrial activities and complete the work with much ease. Smart well technologies are constantly developing, which will generate various opportunities for the smart well market growth.



  • Market Restraints


The COVID19 pandemic created havoc in the global market, and it is a major restraint to the smart well market. The lockdown restriction led to the closure of much industrial work and various projects delayed for uncertain time periods. The manual operations and manufacturing units were shut down, which resulted in heavy financial loss. The growth rate of the global economy stoops down to a much lower rate.


However, the smart well market was able to sustain in the harsher situation and maintained a steady growth. The operational challenges faced by industries forced them to shift towards automation technologies and smart systems. These systems require less manual dependency and give accurate as well as efficient results. The rising demand for smart technologies in drilling and completion work results in increased growth of the smart well market.



  • Market growth challenges


The smart well market size is growing at a faster pace, and in many years it will achieve its momentum, but the market growth can get affected by certain challenges. One of such challenges is the cybersecurity threat. The oil and gas companies fear adopting the smart well technology as there are chances of data theft as well as cyber intrusion. Another major concern is increasing investments in the utilization of renewable energy resources due to environmental issues. All these concerns can constrain the market expansion of the smart well market.



  • Value Chain Analysis


The smart well market revenue is constantly increasing over the past few years and will continue to raise the market share in the upcoming years. By the end of 2025, the market value is estimated to attain USD 2463.3 million, which is way greater than the previous market values. The smart well market outlook suggests that the smart well market value is rising to unprecedented heights and will have a greater market share in the future.


Segment Overview


The global smart well market is divided on the basis of components, application, technology, and region. The market segmentation on the basis of components includes the software and hardware areas, whereas the application segment involves the onshore and offshore activity sectors. The smart well market segmentation on the basis of technology comprises monitoring systems, data transmission systems, and flow control equipment. The market segmentation on the basis of the region involves an analysis of certain areas like North America, Asia Pacific region, Middle East Africa, Europe, and South America.


Regional Analysis


The smart well market analysis is done on certain regions like North America, Europe, Asia Pacific region, Middle East Africa, and South America. North America has the most dominance over the smart well market share. The Asia Pacific region is also expanding the potential of the smart well market. North America is leading in the global market due to better infrastructure, whereas Asia pacific region is depending on the emerging industries for market progress.

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope Of The Study 17

2.3 Market Structure 18

3 Research Methodology

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 22

3.5 Forecast Model 23

3.6 List Of Assumptions 24

4 Market Dynamics

4.1 Overview 26

4.2 Drivers 26

4.2.1 Increasing Deepwater Exploration And Drilling Operations 26

4.2.2 Increasing Adoption Of IoT In Oil & Gas Industry 27

4.3 Restraint 29

4.3.1 Growing Concerns Of Data Privacy And Cybersecurity Risks 29

4.3.2 Rising Investment In The Renewable Sector 29

4.4 Opportunities 30

4.4.1 Increasing Ultra-Deepwater Discoveries 30

4.5 Porter’s Five Forces Model 31

4.5.1 Threat Of New Entrants 31

4.5.2 Bargaining Power Of Suppliers 31

4.5.3 Threat Of Substitutes 31

4.5.4 Bargaining Power Of Buyers 31

4.5.5 Rivalry 32

4.6 Value Chain Analysis 32

4.6.1 Research And Development 32

4.6.2 Well Planning 32

4.6.3 Product Installation 33

4.6.4 End-Use 33

5 Global Smart Well Market, By Technology

5.1 Overview 35

5.2 Flow Control Equipment 35

5.3 Monitoring System 35

5.4 Data Transmission System 36

6 Global Smart Well Market, By Component

6.1 Overview 38

6.2 Software 38

6.3 Hardware 38

7 Global Smart Well Market, By Application

7.1 Overview 41

7.2 Onshore 41

7.3 Offshore 41

8 Global Smart Well Market, By Region

8.1 Introduction 44

8.2 North America 45

8.2.1 US 47

8.2.2 Canada 48

8.2.3 Mexico 50

8.3 Asia-Pacific 52

8.3.1 China 54

8.3.2 Japan 55

8.3.3 India 57

8.3.4 Indonesia 58

8.3.5 Rest Of Asia-Pacific 60

8.4 Europe 62

8.4.1 UK 64

8.4.2 Russia 65

8.4.3 Norway 67

8.4.4 Germany 68

8.4.5 Rest Of Europe 70

8.5 Middle East & Africa 72

8.5.1 Saudi Arabia 74

8.5.2 UAE 75

8.5.3 Oman 77

8.5.4 Egypt 78

8.5.5 Rest Of Middle East & Africa 80

8.6 South America 82

8.6.1 Brazil 84

8.6.2 Argentina 85

8.6.3 Rest Of South America 86

9 Competitive Landscape

9.1 Competitive Scenario 89

9.2 Market Share Analysis, 2020 (%) 89

9.3 BHGE And Emerson Electric : Leading Players (In Terms Of Number Of Developments In The Market) 90

9.4 New Product Development 90

9.5 Partnerships & Collaborations 91

10 Company Profile

10.1 Weatherford 93

10.1.1 Company Overview 93

10.1.2 Financial Overview 93

10.1.3 Products/Services Offered 94

10.1.4 Key Developments 94

10.1.5 SWOT Analysis 95

10.1.6 Key Strategies 95

10.2 Nabors Industries Ltd. 96

10.2.1 Company Overview 96

10.2.2 Financial Overview 96

10.2.3 Products/Services Offered 97

10.2.4 Key Developments 99

10.2.5 SWOT Analysis 99

10.2.6 Key Strategies 99

10.3 Salym Petroleum Development N.V 100

10.3.1 Company Overview 100

10.3.2 Financial Overview 100

10.3.3 Product/Service Offered 100

10.3.4 Key Developments 101

10.3.5 SWOT Analysis 101

10.3.6 Key Strategies 101

10.4 NOVOMET 102

10.4.1 Company Overview 102

10.4.2 Financial Overview 102

10.4.3 Product/Services Offered 102

10.4.4 Key Developments 103

10.4.5 SWOT Analysis 103

10.4.6 Key Strategies 103

10.5 Halliburton 104

10.5.1 Company Overview 104

10.5.2 Financial Overview 104

10.5.3 Product/Services Offered 105

10.5.4 Key Developments 105

10.5.5 SWOT Analysis 105

10.5.6 Key Strategies 105

10.6 Schlumberger Limited 106

10.6.1 Company Overview 106

10.6.2 Financial Overview 106

10.6.3 Products/Services Offered 107

10.6.4 Key Developments 108

10.6.5 SWOT Analysis 109

10.6.6 Key Strategies 109

10.7 L&T Technology Services Limited 110

10.7.1 Company Overview 110

10.7.2 Financial Overview 110

10.7.3 Product/Services Offered 111

10.7.4 Key Developments 111

10.7.5 SWOT Analysis 112

10.7.6 Key Strategies 112

10.8 INTECH Process Automation Inc 113

10.8.1 Company Overview 113

10.8.2 Financial Overview 113

10.8.3 Product/Services Offered 113

10.8.4 Key Developments 114

10.8.5 SWOT Analysis 114

10.8.6 Key Strategies 115

10.9 Rockwell Automation Inc 116

10.9.1 Company Overview 116

10.9.2 Financial Overview 116

10.9.3 Product/Services Offered 117

10.9.4 Key Developments 118

10.9.5 SWOT Analysis 118

10.9.6 Key Strategies 118

10.10 Emerson Electric Co. 119

10.10.1 Company Overview 119

10.10.2 Financial Overview 119

10.10.3 Products/Services Offered 120

10.10.4 Key Developments 121

10.10.5 SWOT Analysis 121

10.10.6 Key Strategies 122

10.11 ABB 123

10.11.1 Company Overview 123

10.11.2 Financial Overview 123

10.11.3 Services Offered 124

10.11.4 Key Developments 125

10.11.5 SWOT Analysis 125

10.11.6 Key Strategies 125

10.12 Baker Hughes, A GE Company 126

10.12.1 Company Overview 126

10.12.2 Financial Overview 126

10.12.3 Services Offered 127

10.12.4 Key Developments 127

10.12.5 SWOT Analysis 128

10.12.6 Key Strategies 128


11 List Of Tables

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 24

TABLE 3 GLOBAL SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 36

TABLE 4 GLOBAL SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 39

TABLE 5 GLOBAL SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 42

TABLE 6 GLOBAL SMART WELL MARKET, BY REGION, 2020–2027 (USD MILLION) 44

TABLE 7 NORTH AMERICA SMART WELL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 45

TABLE 8 NORTH AMERICA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 46

TABLE 9 NORTH AMERICA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 46

TABLE 10 NORTH AMERICA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 46

TABLE 11 US SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 47

TABLE 12 US SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 47

TABLE 13 US SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 48

TABLE 14 CANADA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 48

TABLE 15 CANADA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 49

TABLE 16 CANADA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 49

TABLE 17 MEXICO SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 50

TABLE 18 MEXICO SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 50

TABLE 19 MEXICO SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 51

TABLE 20 ASIA-PACIFIC SMART WELL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 52

TABLE 21 ASIA-PACIFIC SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 53

TABLE 22 ASIA-PACIFIC SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 53

TABLE 23 ASIA-PACIFIC SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 53

TABLE 24 CHINA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 54

TABLE 25 CHINA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 54

TABLE 26 CHINA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 55

TABLE 27 JAPAN SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 55

TABLE 28 JAPAN SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 56

TABLE 29 JAPAN SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 56

TABLE 30 INDIA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 57

TABLE 31 INDIA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 57

TABLE 32 INDIA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 58

TABLE 33 INDONESIA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 58

TABLE 34 INDONESIA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 59

TABLE 35 INDONESIA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 59

TABLE 36 REST OF ASIA-PACIFIC SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 60

TABLE 37 REST OF ASIA-PACIFIC SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 60

TABLE 38 REST OF ASIA-PACIFIC SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 61

TABLE 39 EUROPE SMART WELL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 62

TABLE 40 EUROPE SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 63

TABLE 41 EUROPE SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 63

TABLE 42 EUROPE SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 63

TABLE 43 UK SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 64

TABLE 44 UK SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 64

TABLE 45 UK SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 65

TABLE 46 RUSSIA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 65

TABLE 47 RUSSIA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 66

TABLE 48 RUSSIA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 66

TABLE 49 NORWAY SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 67

TABLE 50 NORWAY SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 67

TABLE 51 NORWAY SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 68

TABLE 52 GERMANY SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 68

TABLE 53 GERMANY SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 69

TABLE 54 GERMANY SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 69

TABLE 55 REST OF EUROPE SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 70

TABLE 56 REST OF EUROPE SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 70

TABLE 57 REST OF EUROPE SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 71

TABLE 58 MIDDLE EAST & AFRICA SMART WELL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 72

TABLE 59 MIDDLE EAST & AFRICA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 73

TABLE 60 MIDDLE EAST & AFRICA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 73

TABLE 61 MIDDLE EAST & AFRICA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 73

TABLE 62 SAUDI ARABIA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 74

TABLE 63 SAUDI ARABIA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 74

TABLE 64 SAUDI ARABIA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 75

TABLE 65 UAE SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 75

TABLE 66 UAE SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 76

TABLE 67 UAE SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 76

TABLE 68 OMAN SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 77

TABLE 69 OMAN SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 77

TABLE 70 OMAN SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 78

TABLE 71 EGYPT SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 78

TABLE 72 EGYPT SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 79

TABLE 73 EGYPT SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 79

TABLE 74 REST OF MIDDLE EAST & AFRICA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 80

TABLE 75 REST OF MIDDLE EAST & AFRICA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 80

TABLE 76 REST OF MIDDLE EAST & AFRICA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 81

TABLE 77 SOUTH AMERICA SMART WELL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 82

TABLE 78 SOUTH AMERICA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 82

TABLE 79 SOUTH AMERICA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 83

TABLE 80 SOUTH AMERICA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 83

TABLE 81 BRAZIL SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 84

TABLE 82 BRAZIL SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 84

TABLE 83 BRAZIL SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 85

TABLE 84 ARGENTINA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 85

TABLE 85 ARGENTINA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 86

TABLE 86 ARGENTINA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 86

TABLE 87 REST OF SOUTH AMERICA SMART WELL MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION) 87

TABLE 88 REST OF SOUTH AMERICA SMART WELL MARKET, BY COMPONENT, 2020–2027 (USD MILLION) 87

TABLE 89 REST OF SOUTH AMERICA SMART WELL MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 87

TABLE 90 NIDEC AND ABB: THE MOST ACTIVE PLAYERS IN THE GLOBAL SMART WELL MARKET 90


12 List Of Figures

FIGURE 1 GLOBAL SMART WELL MARKET: MARKET STRUCTURE 18

FIGURE 2 RESEARCH PROCESS OF MRFR 20

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 23

FIGURE 4 GLOBAL OFFSHORE RIG COUNT (IN JANUARY 2018) 27

FIGURE 5 IOT INVESTMENTS, BY INDUSTRY, 2020 28

FIGURE 6 POTENTIAL VALUE ADDITION FOR THE OIL & GAS INDUSTRY, 2016–2025 28

FIGURE 7 GLOBAL BUSINESS RISK, 2015 29

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SMART WELL MARKET 31

FIGURE 9 VALUE CHAIN: GLOBAL SMART WELL MARKET 32

FIGURE 10 GLOBAL SMART WELL MARKET, BY PRODUCT, 2020 (% SHARE) 36

FIGURE 11 GLOBAL SMART WELL MARKET, BY COMPONENT, 2020 (% SHARE) 39

FIGURE 12 GLOBAL SMART WELL MARKET, BY APPLICATION, 2020 (% SHARE) 42

FIGURE 13 GLOBAL SMART WELL MARKET, BY REGION, 2020 (% SHARE) 44

FIGURE 14 NORTH AMERICA SMART WELL MARKET, BY COUNTRY, 2020 (% SHARE) 45

FIGURE 15 ASIA-PACIFIC SMART WELL MARKET, BY COUNTRY, 2020 (% SHARE) 52

FIGURE 16 EUROPE SMART WELL MARKET, BY COUNTRY, 2020 (% SHARE) 62

FIGURE 17 MIDDLE EAST & AFRICA SMART WELL MARKET, BY COUNTRY, 2020 (% SHARE) 72

FIGURE 18 SOUTH AMERICA SMART WELL MARKET, BY COUNTRY, 2020 (% SHARE) 82

FIGURE 19 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL SMART WELL MARKET, 2020–2018, (%) 89

FIGURE 20 MARKET SHARE OF MAJOR PLAYERS, 2020 89

FIGURE 21 NEW PRODUCT DEVELOPMENT: % SHARE BY KEY PLAYERS, 2020–2018, (%) 90

FIGURE 22 PARTNERSHIP & COLLABORATION: % SHARE BY KEY PLAYERS, 2020–2018, (%) 91

FIGURE 23 WEATHERFORD: TOTAL REVENUE (2018–2020) 93

FIGURE 24 WEATHERFORD: REGIONAL REVENUE (2020) 94

FIGURE 25 WEATHERFORD INTERNATIONAL: SWOT ANALYSIS 95

FIGURE 26 NABORS INDUSTRIES LIMITED: TOTAL REVENUE (2018–2020) 96

FIGURE 27 NABORS INDUSTRIES LIMITED: REGIONAL REVENUE (2020) 97

FIGURE 28 NABORS INDUSTRIES LIMITED: SWOT ANALYSIS 99

FIGURE 29 SALYM PETROLEUM DEVELOPMENT N.V.: SWOT ANALYSIS 101

FIGURE 30 NOVOMET: SWOT ANALYSIS 103

FIGURE 31 HALLIBURTON: TOTAL REVENUE (2018–2020) 104

FIGURE 32 ALLIBURTON: REGIONAL REVENUE (2020) 105

FIGURE 33 HALLIBURTON: SWOT ANALYSIS 105

FIGURE 34 SCHLUMBERGER LIMITED: TOTAL REVENUE (2018–2020) 106

FIGURE 35 SCHLUMBERGER LIMITED: REGIONAL REVENUE (2020) 107

FIGURE 36 SCHLUMBERGER LIMITED: SWOT ANALYSIS 109

FIGURE 37 L&T TECHNOLOGY SERVICES LIMITED: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 110

FIGURE 38 L&T TECHNOLOGY SERVICES LIMITED: REGIONAL REVENUE (2020) 111

FIGURE 39 L&T TECHNOLOGY SERVICES LIMITED: SWOT ANALYSIS 112

FIGURE 40 INTECH PROCESS AUTOMATION INC: SWOT ANALYSIS 114

FIGURE 41 ROCKWELL AUTOMATION INC: TOTAL REVENUE (2018–2020) 116

FIGURE 42 ROCKWELL AUTOMATION INC: REGIONAL REVENUE (2020) 117

FIGURE 43 ROCKWELL AUTOMATION INC: SWOT ANALYSIS 118

FIGURE 44 EMERSON ELECTRIC CO.: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 119

FIGURE 45 EMERSON ELECTRIC CO: REGIONAL REVENUE (2020) 120

FIGURE 46 EMERSON ELECTRIC CO: SWOT ANALYSIS 121

FIGURE 47 ABB: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 123

FIGURE 48 ABB: GEOGRAPHICAL REVENUE MIX, 2020 (%) 124

FIGURE 49 ABB: SWOT ANALYSIS 125

FIGURE 50 BAKER HUGHES: TOTAL REVENUE VS SEGMENTAL REVENUE (2018–2020) 126

FIGURE 51 BAKER HUGHES: SWOT ANALYSIS 128

 Smart Well Market