Europe Well Completion Equipment and Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offerings (Equipment and Service) and Location (Onshore and Offshore)
Market Introduction
The well completion market in Europe is further segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. In comparison with the Nordic and Eastern European countries, western European countries are more developed and technologically advanced. The abundance of natural gas in regions such as the Black Sea, North Sea, Caspian Sea, Barents Sea, Mediterranean Sea, and Norwegian Sea and prominence of shale gas projects are expected to offer potential growth opportunities to the well completion market players in this region. The UK, Germany, France, and Norway hold major expansion opportunities for the market players due to continuously growing and improving oil & gas drilling activities in the Johan Sverdrup field in the North Sea. Moreover, emphasis on, both, conventional and unconventional resources, and reduction in the maintenance cost of wells due to rising crude oil and natural gas demand are likely to drive the European market growth during the forecast period. As a part of the European EUOGA project, 82 hydrocarbon-bearing shale formations, in 21 countries, were assessed for their unconventional resource potential.
The COVID-19 pandemic in Europe has had a diverse impact on various nations, since only a few nations have seen an increase in the number of cases, resulting in stringent, long-term lockdown periods or social isolation standards. Because of their excellent healthcare systems, Western European nations such as Germany, France, Russia, and the United Kingdom have witnessed a comparably slight decline in their growth activities. The governments of these nations have made significant expenditures in improving the efficiency and efficacy of disease detection and treatment. Following the relaxation of limitations across Europe, all of Europe's well completion vendors and component manufacturing are now open. To ensure full compliance with regulatory requirements, sanitary measures are reinforced within locations. As a result, the European well completion equipment and services market is expected to grow significantly in the next years.
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Market Overview and Dynamics
The well completion equipment and services market in Europe is expected to grow from US$ 1,495.46 million in 2021 to US$ 1,992.15 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. Collaboration of oil service vendors and arctic exploration; the future collaboration of oil & gas service providers can have a positive impact on the market. The collaboration and mergers between the companies can lead to the launch of ventures for new projects in the future. Moreover, the exploration projects can generate huge opportunities for market vendors during the forecast period. Due to the present global carbon footprints, several countries across the region has witnessed the melting of glaciers in the past few decades, which has generated the awareness to explore the deep side of the Arctic. This can also lead to the discovery of new materials and resources such as petroleum as the region has a wide scope of discovery of fuel. This is expected to generate huge opportunities for Europe market vendors during the forecast period. This is bolstering the growth of the well completion equipment and services market.
Key Market Segments
Based on the offerings, the well completion equipment and services market are segmented into equipment and services. In 2020, the services segment held the largest share Europe well completion equipment and services market. Based on equipment the market is divided into packers, sand control tools, multistage fracturing tools, liner hangers, smart wells, valves, control devices, and others. In 2020, the packers segment held the largest share Europe well completion equipment and services market. Based on location, the well completion equipment and services market, is segmented into onshore and offshore. The onshore segment accounts for largest market share in the 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the well completion equipment and services market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Baker Hughes Company; Halliburton Company; Nov Inc.; NCS Multistage, LLC; Royal Dutch Shell PLC; RPC Incorporated; Schlumberger Limited; Nine Energy Services; and Welltec among others.
Reasons to buy report
- To understand the Europe well completion equipment and services market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe well completion equipment and services market
- Efficiently plan M&A and partnership deals in Europe well completion equipment and services market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe well completion equipment and services market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE WELL COMPLETION EQUIPMENT AND SERVICES MARKET SEGMENTATION
By Offerings
- Equipment
- Packers
- Sand Control Tools
- Multistage Fracturing Tools
- Liner Hangers
- Smart Wells
- Valves
- Control Devices
- Others
- Services
By Location
- Onshore
- Offshore
By Country
- France
- Germany
- UK
- Russia
- Italy
- Rest of Europe
Company Profiles
- Baker Hughes Company
- Halliburton Company
- Nov Inc.
- NCS Multistage, LLC
- Royal Dutch Shell PLC
- RPC Incorporated
- Schlumberger Limited
- Nine Energy Services
- Welltec
TABLE OF CONTENTS
1. Introduction
1.1 Study of the Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Well Completion Equipment and Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Well Completion Equipment and Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Oil & Gas Exploration
5.1.2 Resuming of Shale Gas Operations
5.2 Market Restraints
5.2.1 Downfall in the Oil & Gas Industry in FY 2020
5.3 Future Trends
5.3.1 Collaboration of Oil Service Vendors and Arctic Exploration
5.4 Market Opportunities
5.4.1 Adoption of Smart Well Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Well Completion Equipment and Services – Europe Market Analysis
6.1 Europe Well Completion Equipment and Services Market Overview
6.2 Europe Well Completion Equipment and Services Market Revenue Forecast and Analysis
7. Europe Well Completion Equipment and Services Market – By Offerings
7.1 Overview
7.2 Europe Well Completion Equipment and Services Market, By Offerings (2020 and 2028)
7.3 Equipment
7.3.1 Overview
7.3.2 Equipment: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Packers
7.3.2.1.1 Overview
7.3.2.1.2 Packers: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 Sand Control Tools
7.3.2.2.1 Overview
7.3.2.2.2 Sand Control Tools: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.3 Multistage Fracturing Tools
7.3.2.3.1 Overview
7.3.2.3.2 Multistage Fracturing Tools: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.4 Liner Hangers
7.3.2.4.1 Overview
7.3.2.4.2 Liner Hangers: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.5 Smart Wells
7.3.2.5.1 Overview
7.3.2.5.2 Smart Wells: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.6 Valves
7.3.2.6.1 Overview
7.3.2.6.2 Valves: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.7 Control Devices
7.3.2.7.1 Overview
7.3.2.7.2 Control Devices: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.8 Others
7.3.2.8.1 Overview
7.3.2.8.2 Others: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Well Completion Equipment and Services Market – By Location
8.1 Overview
8.2 Europe Well Completion Equipment and Services Market, by Location (2020 and 2028)
8.3 Onshore
8.3.1 Overview
8.3.2 Onshore: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Offshore
8.4.1 Overview
8.4.2 Offshore: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Well Completion Equipment and Services Market – Country Analysis
9.1 Europe: Well Completion Equipment and Services Market
9.1.1 Europe: Well Completion Equipment and Services Market- by Key Country
9.1.1.1 Germany: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Well Completion Equipment and Services Market- by Offerings
9.1.1.1.2 Germany: Well Completion Equipment and Services Market- by Location
9.1.1.2 France: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Well Completion Equipment and Services Market- by Offerings
9.1.1.2.2 France: Well Completion Equipment and Services Market- by Location
9.1.1.3 Italy: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Well Completion Equipment and Services Market- by Offerings
9.1.1.3.2 Italy: Well Completion Equipment and Services Market- by Location
9.1.1.4 UK: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Well Completion Equipment and Services Market- by Offerings
9.1.1.4.2 UK: Well Completion Equipment and Services Market- by Location
9.1.1.5 Russia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Well Completion Equipment and Services Market- by Offerings
9.1.1.5.2 Russia: Well Completion Equipment and Services Market- by Location
9.1.1.6 Rest of Europe: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Well Completion Equipment and Services Market- by Offerings
9.1.1.6.2 Rest of Europe: Well Completion Equipment and Services Market- by Location
10. Europe Well Completion Equipment and Services Market - COVID-19 Impact Analysis
10.1 Europe
11. Europe Well Completion Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Launch
12. Company Profiles
12.1 Baker Hughes Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Halliburton Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 NOV Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 NSC Multistage LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Royal Dutch Shell Plc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 RPC Incorporated
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Schlumberger Limited
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nine Energy Service, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Welltec
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Well Completion Equipment and Services Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Well Completion Equipment and Services Market- by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 5. Germany: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 7. France Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 8. France: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 11. Italy: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 14. UK: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 17. Russia: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Well Completion Equipment and Services Market- by Offerings –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Well Completion Equipment and Services Market, by Equipment – Revenue and Forecast to 2028 (USD Million)
Table 20. Rest of Europe: Well Completion Equipment and Services Market- by Location –Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Well Completion Equipment and Services Market Segmentation
Figure 2. Europe Well Completion Equipment and Services Market Segmentation – By Country
Figure 3. Europe Well Completion Equipment and Services Market Overview
Figure 4. Europe Well Completion Equipment and Services Market, by Offerings
Figure 5. Europe Well Completion Equipment and Services Market, by Location
Figure 6. Europe Well Completion Equipment and Services Market, by Country
Figure 7. Europe PEST Analysis
Figure 8. Europe Well Completion Equipment and Services Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe Well Completion Equipment and Services Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Europe Well Completion Equipment and Services Market Revenue Share, by Offerings (2020 and 2028)
Figure 11. Equipment: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Packers: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Sand Control Tools: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Multistage Fracturing Tools: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Liner Hangers: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Smart Wells: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Valves: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Control Devices: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Services: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Well Completion Equipment and Services Market Revenue Share, by Location (2020 and 2028)
Figure 22. Onshore: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Offshore: Europe Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Well Completion Equipment and Services Market – Revenue by Country to 2028 (US$ Million)
Figure 25. Europe: Well Completion Equipment and Services Market Revenue Share, By Key Country (2020 and 2028)
Figure 26. Germany: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Well Completion Equipment and Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- Baker Hughes Company
- Halliburton Company
- Nov Inc.
- NCS Multistage, LLC
- Royal Dutch Shell PLC
- RPC Incorporated
- Schlumberger Limited
- Nine Energy Services
- Welltec
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