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Global Smart Well Market 2017-2021

  • Published: Jan 2017
  • Pages: 89
  • SKU: IRTNTR11417
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Overview of the global smart well market

Technavio’s market research analyst predicts the global smart well market to grow steadily at a CAGR of above 4% by 2021. One of the primary drivers for this market is the migration of drilling into unconventional areas. The most striking outcomes of the current generation of oil and gas exploration is the reaffirmation of the fact that the era of easy oil is coming to an end. This has resulted not only in inflated costs of hydrocarbon acquisition, but has also displaced operations geographically. The generally established areas such as the Middle East, Gulf of Mexico, and North Sea areas have started witnessing reduction in the rates of production in the past few years. This has led the energy companies, with an insatiable thirst for new resources, to move out to areas like Yamal basin in Russia, Andaman Sea in the Indian sub-continent, and most significantly, regions in the Arctic and Antarctic.  The high dependence of the global economy on hydrocarbons will augment the growth of this market during the forecast period.

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Technological overview

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Global smart well by application 2016-2021
  • Global smart well market by onshore
  • Global smart well market by offshore

PART 07: Geographical segmentation

  • Global smart well market by geography 2016-2021
  • Global smart well market in the Americas
  • Global smart well market in EMEA
  • Global smart well market in APAC

PART 08: Market drivers

  • Migration of drilling into unconventional areas
  • Increased use of horizontal and multilateral wells
  • Focus on reduction of non-productive time (NPT)
  • Constant demand for oil and gas

PART 09: Impact of drivers

PART 10: Market challenges

  • Decreasing investment in oil and gas industry
  • Uncertainties associated with low crude oil prices
  • Cyber security concerns

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • IT integration and digitization of oil fields
  • Increase in Deepwater and ultra-Deepwater exploration
  • Fluctuation in oil rigs

PART 13: Vendor landscape

  • Competitive Scenario
  • Other prominent vendors

PART 14: Key vendor analysis

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford International

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Tags: oil drilling, well completion, oil exploration, oil rig companies, oil and gas market outlook, energy market growth,

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