The Report “North America Well Completion Equipment & Services Market by Type (Packer, Sand Control Tools, Multi-Stage Fracturing Tools, Liner Hangers, Safety Valves, Smart Wells, Others), by Application (Onshore, Offshore), by Geography (U.S., Canada, Mexico) – Trends & Forecasts till 2019” is estimated to reach $5,385.0 by 2019, at a CAGR of 2.5% from 2014 to 2019.
Browse through the TOC of the North America Well Completion Equipment and Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The growth of the North American well completion equipment and services market is attributed to the discoveries of new oil & gas fields in the region. The rapidly-growing demand for oil & gas has led to an increase in the number of explorative activities in oil & gas fields, both onshore and offshore. With every new discovery, well completion activities are required for the efficient extraction of oil & gas. Thus, the market for well completion equipment and services is directly proportional to the number of new discoveries made.
The U.S. held the largest share of 77.2% of the North American well completion equipment and services market in 2014, followed by the Canadian segment with a market share of 15.4%. The onshore application segment dominated the North American market, having accounted for a share of 78.8% in 2014.
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