Global Intelligent Completion Market to Grow at 6.05% CAGR to 2023

RnRMarketResearch adds ‘Intelligent Completion Market’ to its store. This is a professional and depth research report on Intelligent Completion industry that would help to know the world’s major regional market conditions of Intelligent Completion industry, the main region including North American, Europe and Asia etc., and the main country including United States etc.

Intelligent Completion Market, By Type

1 Introduction

2 Simple Intelligent Well Completion

3 Complex Intelligent Well Completion

Intelligent Completion Market, By Function

1 Introduction

2 Downhole Monitoring System

3 Downhole Control System

4 Surface Control System

5 Communication System

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No of Pages        126

Tables                   66

Figure                   32

Profile                  13

The intelligent completion market is projected to reach USD 2.16 billion by 2023, from an estimated USD 1.61 billion in 2018, at a CAGR of 6.05%. This growth can be attributed to the increasing focus toward the production of oil & gas wells and improved economical and operational benefits across the globe.

The onshore segment accounted for the fastest growing segment by application in intelligent completion during the fore casted period. The cost incurred in the oil & gas activities such as drilling and well completion is less in onshore when compared to offshore applications. In a word; it is a depth research report on Intelligent Completion Market.

Competitive Landscape

1 Overview

2 Market Ranking of Players and Industry Concentration, 2017

3 Competitive Scenario

4 Contracts & Agreements

5 New Product Launches

6 Mergers & Acquisitions

7 Expansion

8 Partnership & Collaboration

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The intelligent completion market has been segmented into hardware and software. The hardware segment is estimated to lead the market in 2018 and is expected to grow at the fastest rate during the forecast period, as it consists of various components such as control devices, monitoring devices, and others.

Traget Audience

1 Rig manufacturers and suppliers

2 Drilling and completions companies

3 Exploration and Production companies

4 Oilfield service provider companies

5 National and international drilling associations

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Objectives of the Study

• To define and segment the intelligent completion market with respect to application, component, technology, function, and region
• To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the intelligent completion market with respect to individual growth trends, future expansions, and contributions to the market

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