Asia-Pacific Well Completion Equipment & Services Market by Service (Packers, Sand Control Tools, Liner Hangers Services, & Smart Wells), by Application (Onshore & Offshore), by Country – Analysis & Forecast to 2019

The purpose of this report is to define, describe, and forecast the Asia-Pacific well completion equipment and services market. It involves a deep dive analysis of the market segmentation, which is based on type and country. The report also gives deep insights into the competitive landscape of the market through a strategic analysis of the key players. The well completion equipment and services market, in terms of type, has been segmented into packers, sand control tools, multi-stage frac tools, liner hangers, smart wells, and safety valves.

Well completion equipment and services are used during the initial stage of a well’s life cycle, along with drilling activity.

The Asia-Pacific well completion equipment and services market was valued at $2,699.2 million in 2014, and is projected to grow at a CAGR of 5.2% from 2014 to 2019 to reach a $3,480.3 million by 2019.

The packers market accounted for the largest share of 31.6% within the well completion equipment and services market in 2014. The sand control tools market held a market share of 25.3% in 2014, and is projected to grow at a CAGR of 5.4% from 2014-2019.

The major companies operating in the Asia-Pacific well completion equipment and services market are Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), Weatherford International Ltd. (Ireland) and Baker Hughes Inc. (U.S.).

Market share analysis, by revenue, of the top companies has also been included in the report. The scope accordingly aids market participants to identify high growth markets and help manage key investment decisions. For this report, major players in the Asia-Pacific well intervention equipment and services market have been identified through various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing people. Based on this research, the market shares have been evaluated and validated.

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Segmentation and Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Integrated Ecosystem of the Well Completion Equipment and Services Market
    2.2 Arriving at the Asia-Pacific Well Completion Equipment and Services Market Value
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macroindicator-Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 25)

4 Market Overview (Page No. - 27)
    4.1 Introduction
    4.2 Asia-Pacific Well Completion Equipment and Services Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Asia-Pacific Well Completion Equipment and Services Market, By Application (Page No. - 34)
    5.1 Introduction
    5.2 Asia-Pacific Onshore Well Completion Equipment and Services Market, By Country
    5.3 Asia-Pacific Offshore Well Completion Equipment & Services Market,  By Country

 
6 Asia-Pacific Well Completion Equipment and Services Market, By Equipment Type (Page No. - 39)
    6.1 Introduction
    6.2 Asia-Pacific Well Completion Equipment and Services Market, By Type: Comparison With Parent Market
    6.3 Asia-Pacific Packers Market, By Country
    6.4 Asia-Pacific Sand Control Tools Market, By Country
    6.5 Asia-Pacific Multi-Stage Frac Tools Market, By Country
    6.6 Asia-Pacific Liner Hangers Market, By Country
    6.7 Asia-Pacific Smart Wells Market, By Country
    6.8 Asia-Pacific Safety Valves Market, By Country

7 Asia-Pacific Well Completion Equipment and Services Market, By Country (Page No. - 49)
    7.1 Introduction
    7.2 China Well Completion Equipment and Services Market
           7.2.1 China Well Completion Equipment and Services Market, By Application
           7.2.2 China Well Completion Equipment Services Market, By Type
    7.3 Australia Well Completion Equipment and Services Market
           7.3.1 Australia Well Completion Equipment and Services Market, By Application
           7.3.2 Australia Well Completion Equipment and Services Market, By Type
    7.4 Indonesia Well Completion Equipment and Services Market
           7.4.1 Indonesia Well Completion Equipment and Services Market, By Application
           7.4.2 Indonesia Well Completion Equipment and Services Market, By Type
    7.5 India Well Completion Equipment and Services Market
           7.5.1 India Well Completion Equipment and Services Market, By Application
           7.5.2 India Well Completion Equipment and Services Market, By Type

8 Asia-Pacific Well Completion Equipment and Services Market: Competitive Landscape (Page No. - 66)
    8.1 Asia-Pacific Well Completion Equipment and Services Market: Company Share Analysis
    8.2 Company Presence in the Well Completion Equipment and Services Market, By Type
    8.3 Mergers, Acquisitions, and Awards/Certifications
    8.4 Expansions
    8.5 Joint Ventures
    8.6 New Products, Services, and Technology Launches
    8.7 Agreements/Contracts
    8.8 Others

9 Asia-Pacific Well Completion Equipment and Services Market,By Company (Page No. - 73)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    9.1 Baker Hughes Incorporated
    9.2 Schlumberger Ltd.
    9.3 Halliburton Co.
    9.4 National Oilwell Varco Inc.
    9.5 Nabors Industries Ltd.
    9.6 Weatherford International PLC
    9.7 Superior Energy Services, Inc.
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

10 Appendix (Page No. - 105)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data and Trends
             10.1.6 Well Completion Equipment and Services In-Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots

List of Tables (56 Tables)

 
Table 1 Global Well Completion Equipment and Services: Peer Market Value,2013 (USD MN)
Table 2 Asia-Pacific Well Completion Equipment and Services Market,By Application, 2013 (USD MN)
Table 3 Asia-Pacific Well Completion Equipment and Services Market: Macroindicator, By Country, 2013
Table 4 Asia-Pacific Well Completion Equipment and Services Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 Asia-Pacific Well Completion Equipment and Services Market: Drivers and Inhibitors
Table 6 Asia-Pacific Well Completion Equipment & Services Market,By Application, 2013 - 2019 (USD MN)
Table 7 Asia-Pacific Well Completion Equipment & Services Market, By Type,2013 - 2019 (USD MN)
Table 8 Asia-Pacific Well Completion Equipment and Services Market,By Country, 2013 - 2019 (USD MN)
Table 9 Asia-Pacific Well Completion Equipment and Services Market,By Application, 2013 - 2019 (USD MN)
Table 10 Asia-Pacific Well Completion Equipment & Services Market, By Application, 2013 - 2019 (USD MN)
Table 11 Asia-Pacific Onshore Well Completion Equipment and Services Market,By Country, 2013 - 2019 (USD MN)
Table 12 Asia-Pacific Offshore Well Completion Equipment and Services Market,By Country, 2013 - 2019 (USD MN)
Table 13 Asia-Pacific Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Table 14 Asia-Pacific Well Completion Equipment and Services Market, By Type: Comparison With Parent Market, 2013–2019 (USD MN)
Table 15 Asia-Pacific Packers Market, By Country, 2013–2019 (USD MN)
Table 16 Asia-Pacific Sand Control Tools and Services Market, By Country,2013 - 2019 (USD MN)
Table 17 Asia-Pacific Multi-Stage Tools Market, By Country,  2013–2019 (USD MN)
Table 18 Asia-Pacific Line Hangers Market, By Country,  2013 - 2019 (USD MN)
Table 19 Asia-Pacific Smart Wells Market, By Country, 2013 - 2019 (USD MN)
Table 20 Asia-Pacific Safety Valves Market, By Country, 2013 - 2019 (USD MN)
Table 21 Asia-Pacific Well Completion Equipment and Services Market,By Country, 2013 – 2019 (USD MN)
Table 22 China Well Completion Equipment and Services Market, By Application, 2013-2019 (USD MN)
Table 23 China Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Table 24 Australia Well Completion Equipment and Services Market,By Application, 2013 - 2019 (USD MN)
Table 25 Australia Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Table 26 Indonesia Well Completion Equipment and Services Market,By Application, 2013 - 2019 (USD MN)
Table 27 Indonesia Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Table 28 India Well Completion Equipment and Services Market, By Application, 2013 - 2019 (USD MN)
Table 29 India Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Table 30 Asia-Pacific Well Completion Equipment and Services Market: Company Share Analysis, 2013
Table 31 Asia-Pacific Well Completion Equipment and Services Market: Mergers, Acquisitions, and Awards/Certifications
Table 32 Asia-Pacific Well Completion Equipment and Services Market: Expansions
Table 33 Asia-Pacific Well Completion Equipment and Services Market: Joint Venture
Table 34 Asia-Pacific Well Completion Equipment and Services Market: New Products, Services, and Technology Launches
Table 35 Asia-Pacific Well Completion Equipment and Services Market: Agreements/Contracts
Table 36 Asia-Pacific Well Completion Equipment and Services Market: Others
Table 37 Baker Hughes Incorporated: Key Financial, 2009 - 2013 (USD MN)
Table 38 Baker Hughes Incorporated: Market Revenue, By Business Segment,2009 - 2013 (USD MN)
Table 39 Baker Hughes Incorporated: Market Revenue, By Geographical Segment, 2009 - 2013 (USD MN)
Table 40 Schlumberger Ltd.: Key Financial, 2009-2013 (USD MN)
Table 41 Schlumberger Ltd.: Market Revenue, By Business Segment,2010-2013 (USD MN)
Table 42 Schlumberger Ltd.: Market Revenue, By Geographical Segment,2010 – 2013 (USD MN)
Table 43 Halliburton Co.: Key Financials, 2009-2013 (USD MN)
Table 44 Halliburton Co.: Market Revenue, By Business Segment,  2009-2013 (USD MN)
Table 45 Halliburton Co.: Market Revenue, By Geographical Segment,2009 – 2013 (USD MN)
Table 46 National Oilwell Varco Inc.: Key Financials , 2009 - 2013 (Usd Mn )
Table 47 National Oilwell Varco Inc.: Market Revenue, By Business Segment,2009 - 2013 (USD MN)
Table 48 National Oilwell Varco Inc.: Market Revenue, By Geographical Segment, 2009 - 2013 (USD MN)
Table 49 Nabors Industries Ltd.: Key Financials, 2009- 2013 (USD MN)
Table 50 Nabors Industries Ltd.: Market Revenue, By Geographical Segment,2009-2013 (USD MN)
Table 51 Weatherford International PLC :Key Financial, 2009 - 2013 (USD MN)
Table 52 Weatherford International PLC : Market Revenue, By Business Segment, 2009-2013 (USD MN)
Table 53 Weatherford International PLC : Market Revenue, By Geographical Segment, 2009 – 2013 (USD MN)
Table 54 Superior Energy Services, Inc.: Key Financials, 2009 - 2013 (USD MN)
Table 55 Superior Energy Services, Inc.:, Market Revenue, By Business Segments,2009 - 2013 (USD MN)
Table 56 Superior Energy Services, Inc.:, Market Revenue, By Geographical Segment, 2009-2013 (USD MN)

 
List of Figures (55 Figures)
 
 
Figure 1 Well Completion Equipment and Services Market: Segmentation and Coverage
Figure 2 Well Completion Equipment and Services Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicator-Based Approach
Figure 8 Asia-Pacific Well Completion Equipment and Services Market Snapshot
Figure 9 Global Well Completion Equipment and Services Market:  Growth Aspects
Figure 10 Asia-Pacific Well Completion Equipment and Services Market: Comparison With Parent Market, 2013-2019(USD MN)
Figure 11 Asia-Pacific Well Completion Equipment & Services Market, By Application, 2014 vs 2019
Figure 12 Asia-Pacific Well Completion Equipment & Services Market,  By Type and Country, 2013 (USD MN)
Figure 13 Asia-Pacific Well Completion Equipment and Services Market: Demand Side Analysis, 2013- 2019 (USD MN)
Figure 14 Asia-Pacific Well Completion Equipment and Services Market: Application Market Scenario
Figure 15 Asia-Pacific Well Completion Equipment Services Market, By Application, 2014 - 2019 (USD MN)
Figure 16 Asia-Pacific Onshore Well Completion Equipment and Services Market,By Country, 2013 - 2019 (USD MN)
Figure 17 Asia-Pacific Offshore Well Completion Equipment and Services Market,By Country, 2013 - 2019 (USD MN)
Figure 18 Asia-Pacific Well Completion Equipment and Services Market, By Type,2014 & 2019 (USD MN)
Figure 19 Asia-Pacific Well Completion Equipment and Services Market, By Type: Comparison With Parent Market, 2013–2019 (USD MN)
Figure 20 Asia-Pacific Packers Market, By Country, 2013–2019 (USD MN)
Figure 21 Asia-Pacific Sand Control Tools Market, By Country,  2013 - 2019 (USD MN)
Figure 22 Asia-Pacific Multi-Stage Frac Tools Market, By Country,2013–2019 (USD MN)
Figure 23 Asia-Pacific Liner Hangers Market, By Country,  2013 - 2019 (USD MN)
Figure 24 Asia-Pacific Smart Wells Market, By Country,  2013 - 2019 (USD MN)
Figure 25 Asia-Pacific Safety Valves Market, By Country,  2013 - 2019 (USD MN)
Figure 26 Asia-Pacific Well Completion Equipment and Services Market: Growth Analysis, By Country, 2013-2019 (USD MN)
Figure 27 China Well Completion Equipment and Services Market Overview,2014 & 2019 (%)
Figure 28 China Well Completion Equipment and Services Market,  By Application, 2013-2019 (USD MN)
Figure 29 China Well Completion Equipment and Services Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 30 China Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Figure 31 China Well Completion Equipment and Services Market Share, By Type,2014 & 2019 (USD MN)
Figure 32 Australia Well Completion Equipment and Services Market Overview,2014 & 2019 (%)
Figure 33 Australia Well Completion Equipment and Services Market,By Application, 2013 - 2019 (USD MN)
Figure 34 Australia Well Completion Equipment and Services Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 35 Australia Well Completion Equipment and Services Market,  By Type,2013 - 2019 (USD MN)
Figure 36 Australia Well Completion Equipment and Services Market,By Type, 2014 & 2019 (USD MN)
Figure 37 Indonesia Well Completion Equipment and Services Market Overview,2014 & 2019
Figure 38 Indonesia Well Completion Equipment and Services Market,By Application, 2013-2019 (USD MN)
Figure 39 Indonesia Well Completion Equipment and Services Market: Application Snapshot, 2013-2019(USD MN)
Figure 40 Indonesia Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Figure 41 Indonesia Well Completion Equipment and Services Market Share ,By Type, 2014 & 2019 (USD MN)
Figure 42 India Well Completion Equipment and Services Market Overview,2014 & 2019 (%)
Figure 43 India Well Completion Equipment and Services Market, By Application, 2013-2019 (USD MN)
Figure 44 India Well Completion Equipment and Services Market: Application Snapshot, 2014-2019 (USD MN)
Figure 45 India Well Completion Equipment and Services Market, By Type,2013 - 2019 (USD MN)
Figure 46 India Well Completion Equipment and Services Market Share,By Type, 2014 & 2019 (USD MN)
Figure 47 Asia-Pacific Well Completion Equipment and Services Market: Company Share Analysis, 2013 (%)
Figure 48 Asia-Pacific Well Completion Equipment and Services Market: Company Product Coverage, By Type, 2013
Figure 49 Baker Hughes Incorporated: Revenue Mix, 2013 (%)
Figure 50 Schlumberger Ltd.: Revenue Mix, 2013 (%)
Figure 51 Halliburton Co.: Revenue Mix, 2013 (%)
Figure 52 National Oilwell Varco Inc.: Revenue Mix, 2013 (%)
Figure 53 Nabors Industries Ltd.: Revenue Mix, 2013 (%)
Figure 54 Weatherford International PLC:  Revenue Mix, 2013 (%)
Figure 55 Superior Energy Services, Inc.: Revenue Mix, 2013 (%)

Well completion equipment and services are of various types and each has a special functionality. The different types of equipment include packers, sand control tools, multi-stage fracturing tools, liner hangers, smart wells, safety valves, and others. Completion equipment and services are employed to drill wells across the globe. According to country, the market has been segmented into China, India, Australia, Indonesia, and Others. Asia-Pacific is expected to grow at a CAGR of 5.2% during the forecast period; growth prospects for the well completion equipment and services market are high in these countries.

Potential increase in recoverable resources and exploration & production activities are the most important drivers of the well completion equipment and services market. The well completion equipment and services market continues to grow at an increasing pace as oil & gas operators continue to discover new field reserves where well intervention equipment and services are required. The requirement for maintaining and boosting recovery rates from unconventional resources has also increased and will continue to do so. As a result, the need to maintain and boost production, advanced well completion equipment and services will play a key role in the future in the growth of the unconventional oil & gas market.

China is driving the Asia-Pacific well completion equipment and services market due to increasing shale gas prospects. The Asia-Pacific well completion equipment and services market, for onshore application, was valued at $1,741.3 million in 2013, and is projected to reach $2,331.8 million by 2019, at a CAGR of 4.7% during the forecast period. The Asia-Pacific well completion equipment and services market, for offshore application was valued at $764.2 million in 2013, and is projected to reach $1,148.5 million by 2019, at a CAGR of 6.4% during the forecast period.

The major drivers of the market are pacing up energy demand, renewal of aging brown fields, and reinforcing existing reserves. However, stringent regulatory frameworks and environmental impact act as major restraints to the growth of the market. Halliburton Co. (Houston, TX, United States of America), Baker Hughes, Inc. (Houston, TX, United States of America), Weatherford International Ltd. (Dublin, Ireland) are the top players in Asia-Pacific market. Factors such as new discoveries and exploration of oil reserves have resulted in increased production. In addition, the exploration & production companies are focusing on hydrocarbons reserves, resulting in the continuous rise in the world’s oil & gas reserves. The energy requirement on a global scale is rising every day. The commercial usage of crude oil and its derivatives are rising with improving standard of living, as there is a higher dependency on products and equipment. Hence, E&P companies are switching to more profitable methodologies of exploration and production using cutting edge technology.