LONDON, April 28, 2015 /PRNewswire/ -- This report estimates the North America completion equipment and services market value in terms of $million. This has been further categorized by countries-level markets. Detailed analysis for sand control tools is provided in the report.
Completion equipment and services are required for the completion of oil & gas wells after drilling for the production commences. Ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for growth of the completion equipment and services market. The shale boom in the U.S. has increased demand for completion equipment and services in North America. However, the decline in oil prices, issues associated with the environment, and increased seismic activities have slowed growth of this market.
The growth of North America completion equipment and services market is directly linked to the on-going drilling and completion activities in offshore and onshore regions of North America. Based on factors such as geological condition, and type of reservoirs, different types of completion equipment and services are required in the drilling and exploration activities.
There has been a continuous increase in the number of drilled wells in North America. Growth in these drilling and exploration activities is attributed to the continuous increase in energy demand. This rise in energy demand has resulted in increased drilling and completion activities in all parts the world including North America. This increase in drilling activity increases the requirement of completion equipment and services in North America.
Various secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive commercial study of the North America completion equipment and services market. The primary sources–experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the North America completion equipment and services market.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include Baker Hughes (U.S.), Superior Energy Services (U.S.), Halliburton (U.S.), Schlumberger (U.S.), and Weatherford International Inc. (Switzerland) among others.
The North America completion equipment and services market has been segmented by three countries, namely the U.S., Canada, and Mexico. The report also discusses various other important aspects of the market. This includes an analysis of the value chain, Porter's Five Forces analysis, and the competitive landscape. In addition, 11 key players of this market have also been profiled.
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