Globally Demand of Completion Equipment Market with SWOT | Top Key Players: National Oilwell Varco, Welltec, Schlumberger, Halliburton, NCS Multistage, RPC, Inc., Nabors Industries, Superior Energy Services, Weatherford, Trican Well Service Ltd., Packers

Some of the major factors driving the growth of the global completion equipment market are increasing demand of completion equipment, and increasing energy demands. Different players are investing huge capital for the exploration and production of oil sites; which is again fuelling the growth of the global completion equipment market.

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The increasing focus on the deep water drilling and explorations of new production sites in the arctic region are creating ample opportunities for the growth of the global completion equipment market, during the forecast period. The exploration of oil and gas from shale reserves is a more difficult task, as compared to the conventional oil and gas reserves.

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The completion equipment refers to all equipment required to make a well fully prepared for oil and gas production. The well completion involves various steps, such as well casing, tubing, and installation of well head and lifting equipment. All these steps require several completion equipment for successful oil and gas production. Some of these equipment include safety valves, sand control tools, liner hangers and packers.

North America leads the global completion equipment market, owing to the presence of large number of shale reserves and increasing exploration and production activities in the region. In addition, the presence of global leaders in the completion equipment market is supporting the growth of the completion equipment market in the region. Asia-Pacific is anticipated to grow at the fastest rate in the coming years.

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The fastest growth of the Asia-Pacific is attributed to the high energy demands in the region, and continuous efforts in the region for the discovery of unconventional hydrocarbon reserves. China dominates the Asia-Pacific completion equipment market, due to the presence of large number of hydrocarbon reserves and favorable government policies for the exploration and production of oil and gas reserves.

Global Completion Equipment Market Segmentation
Breakdown by Type
Packers Equipment
Sand Control Tools
Liner Hangers
Safety Valves
Multi-Stage Fracturing Tools
Smart Wells
Others
Breakdown by Application
Offshore
Onshore
Breakdown by Geography
North America
Europe
Asia-Pacific
Latin America
Middle East
Rest of the World

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