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Global Well Completion Equipment and Services Market

Global Well Completion Equipment and Services Market, By Type (Packers, Sand Control Tools, Multistage Fracturing Tools, Liner Hangers, Valves, Smart Wells, and Others), By Application (Onshore and Offshore), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2030.

Frequently Asked Questions (FAQ):

Well-completion equipment consists of production packers, nipples, valve plugs, liner systems, chokes, subsurface safety valves (SSSV), and many others, designed, manufactured, and specialized to meet necessary good requirements, where SSSV is subjected to extensive inspection and testing.

The global well completion equipment and services market size is expected to reach USD 18.9 billion by 2030 with a CAGR of 4.2% during the forecast period, 2022-2030. It was valued at USD 11.7 billion in 2022.

The growing oil & gas exploration and production activities due to the increasing demand for oil and gas is the primary factor accelerating the global well completion equipment and services market.

The North American region is expected to dominate the Well Completion Equipment and Services Market and continue this growth rate during the forecast period, 2022-2030.

Companies include Weatherford International PLC, Schlumberger Ltd., Halliburton Company, Baker Hughes, Inc., Total SA, BP p.l.c., Royal Dutch Shell plc, Forum Energy Technologies, Superior Energy Services, National Oilwell Varco, Wellcare Oil Tools, and other prominent players are the key players in the Well Completion Equipment and Services market.       

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