Intelligent Completion Market by Application (Onshore & Offshore), Component (Hardware & Software), Type (Complex & Simple), Function (Downhole Monitoring & Control System, Surface Control System, and Communication), and Region - Global Forecast to 2023

Publisher Name :
Date: 13-Aug-2018
No. of pages: 126
Inquire Before Buying

“The intelligent completion market is projected to grow at a CAGR of 6.05%, from 2018 to 2023”

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. High initial costs coupled with a lack of data processing infrastructure on the oil & gas rigs can hinder the growth of this market.

“The onshore segment is expected to be the largest growing market in the intelligent completion market during the forecast period”

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. The increasing production activities from onshore are likely to boost the intelligent completion market during the forecast period. The countries which have no offshore reserves are conducting enhanced oil recovery that has increased the demand for intelligent completion for the onshore segment.

“Middle East: The fastest growing market for intelligent completion market”

The Middle East is projected to grow at the highest CAGR during the forecast period.Saudi Arabia accounted for the largest share of the intelligent completion market in the Middle East in 2017. The market growth in this region is driven by investments in the power generation and the oil & gas sector. The region has abundant reserves of hydrocarbons and is one of the leading petroleum-producing regions in the world. It is the primary exporter of oil & gas globally, primarily to Asian countries such as China and India.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 36%, Tier 2- 40%, and Tier 3- 24%

  • By Designation: C-Level- 25%, Managers- 35%, and Others- 40%

  • By Region: North America-25%, Europe- 15%, Asia Pacific- 20%, Middle East- 30%, and RoW-10%


Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1:>USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:The leading players in the intelligent completion market include Schlumberger (US), Halliburton (US), BHGE (US), Weathe rford (US), and National Oil well Varco (US).

Research Coverage:

The report defines, describes, and forecasts the global intelligent completion market by type,component, function, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the intelligent completion market.

Why Buy this Report?


  • The report identifies and addresses key drivers for intelligent completion market, which would help manufacturers review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Intelligent Completion Market by Application (Onshore & Offshore), Component (Hardware & Software), Type (Complex & Simple), Function (Downhole Monitoring & Control System, Surface Control System, and Communication), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Limitations
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Intelligent Completion Market, 2018–2023
4.2 Intelligent Completion Market, By Countries, 2018 & 2023
4.3 Intelligent Completion Market, By Application, 2018 & 2023
4.4 Intelligent Completion Market, By Component, 2018 & 2023
4.5 Intelligent Completion Market, By Type, 2018 & 2023

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus on the Increasing Production From Oil & Gas Wells
5.2.1.2 Improved Economic and Operational Benefits
5.2.2 Restraints
5.2.2.1 High Initial Cost Coupled With Lack of Data Processing Infrastructure in the Oil & Gas Rigs
5.2.3 Opportunities
5.2.3.1 Exploration Activities in Offshore and Arctic Regions
5.2.3.2 Increased Adoption of Data-Driven Technologies for Real-Time Monitoring in the Oil & Gas Industry
5.2.4 Challenges
5.2.4.1 Concerns Regarding Data Privacy and Increased Cybersecurity Risks

6 Intelligent Completion Market, By Application
6.1 Introduction
6.2 Onshore
6.3 Offshore

7 Intelligent Completion Market, By Component
7.1 Introduction
7.2 Hardware
7.3 Software

8 Intelligent Completion Market, By Type
8.1 Introduction
8.2 Simple Intelligent Well Completion
8.3 Complex Intelligent Well Completion

9 Intelligent Completion Market, By Function
9.1 Introduction
9.2 Downhole Monitoring System
9.3 Downhole Control System
9.4 Surface Control System
9.5 Communication System

10 Intelligent Completion Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Application
10.2.2 By Component
10.2.3 By Type
10.2.4 By Country
10.2.4.1 China
10.2.4.2 Malaysia
10.2.4.3 Indonesia
10.2.4.4 Rest of Asia Pacific
10.3 North America
10.3.1 By Application
10.3.2 By Component
10.3.3 By Type
10.3.4 By Country
10.3.4.1 US
10.3.4.2 Canada
10.3.4.3 Mexico
10.4 Europe
10.4.1 By Application
10.4.2 By Component
10.4.3 By Type
10.4.4 By Country
10.4.4.1 Norway
10.4.4.2 Russia
10.4.4.3 UK
10.4.4.4 Rest of Europe
10.5 Middle East
10.5.1 By Component
10.5.2 By Application
10.5.3 By Type
10.5.4 By Country
10.5.4.1 Saudi Arabia
10.5.4.2 UAE
10.5.4.3 Kuwait
10.5.4.4 Oman
10.5.4.5 Rest of the Middle East
10.6 Africa
10.6.1 By Application
10.6.2 By Component
10.6.3 By Type
10.6.4 By Country
10.6.4.1 Angola
10.6.4.2 Nigeria
10.6.4.3 Rest of Africa
10.7 South America
10.7.1 By Application
10.7.2 By Component
10.7.3 By Type
10.7.4 By Country
10.7.4.1 Brazil
10.7.4.2 Argentina
10.7.4.3 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking of Players and Industry Concentration, 2017
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Mergers & Acquisitions
11.3.4 Expansion
11.3.5 Partnership & Collaboration

12 Company Profile
12.1 Benchmarking
(Business Overview, Products/ Services Offered, Recent Developments, and MnM View)*
12.2 Schlumberger
12.3 Weatherford
12.4 Bhge
12.5 Halliburton
12.6 National Oilwell Varco
12.7 Ouro Negro
12.8 Packers Plus Energy Services
12.9 Omega Well Intervention Ltd.
12.10 Ciscon Nigeria
12.11 Praxis
12.12 Vantage Energy
12.13 Tendeka

*Details on Business Overview, Products/ Services Offered Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Intelligent Completion Market Snapshot
Table 2 Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 3 Onshore: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 4 Offshore: Intelligent Completion Tor Market Size, By Region, 2016–2023 (USD Million)
Table 5 Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 6 Hardware: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 7 Software: Intelligent Completion Tor Market Size, By Region, 2016–2023 (USD Million)
Table 8 Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 9 Simple Intelligent Well Completion: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 10 Complex Intelligent Well Completion: Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 11 Intelligent Completion Market Size, By Function, 2016–2023 (USD Million)
Table 12 Intelligent Completion Market Size, By Region, 2016–2023 (USD Million)
Table 13 Top 5 Intelligent Completion Largest Market Size, By Country, 2016–2023 (USD Million)
Table 14 Top 5 Intelligent Completion Fastest Market, By Country, 2016–2023 (USD Million)
Table 15 Top 5 Intelligent Completion Largest Market Size, By Offshore, 2016–2023 (USD Million)
Table 16 Asia Pacific: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 17 Asia Pacific: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 18 Asia Pacific: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 19 Asia Pacific: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 20 China: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 21 Malaysia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 22 Indonesia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 23 Rest of Asia Pacific: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 24 North America: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 25 North America: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 26 North America: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 27 North America: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 28 US: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 29 Canada: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 30 Mexico: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 31 Europe: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 32 Europe: Intelligent Market Size, By Component, 2016–2023 (USD Million)
Table 33 Europe: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 34 Europe: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 35 Norway: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 36 Russia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 37 UK: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 38 Rest of Europe: Intelligent Completion Market Size, By End-User, 2016–2023 (USD Million)
Table 39 Middle East: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 40 Middle East: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 41 Middle East: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 42 Middle East: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 43 Saudi Arabia: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 44 UAE: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 45 Kuwait: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 46 Oman: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 47 Rest of the Middle East: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 48 Africa: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 49 Africa: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 50 Africa: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 51 Africa: Intelligent Completion Market Size, By Country, 2016–2023 (USD Billion)
Table 52 Angola: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 53 Nigeria: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 54 Rest of Africa: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 55 South America: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 56 South America: Intelligent Completion Market Size, By Component, 2016–2023 (USD Million)
Table 57 South America: Intelligent Completion Market Size, By Type, 2016–2023 (USD Million)
Table 58 South America: Intelligent Completion Market Size, By Country, 2016–2023 (USD Million)
Table 59 Brazil: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 60 Argentina: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 61 Rest of South America: Intelligent Completion Market Size, By Application, 2016–2023 (USD Million)
Table 62 Contracts & Agreements, 2017
Table 63 New Product Launches, 2014–2017
Table 64 Mergers & Acquisitions, 2014–2017
Table 65 Mergers & Acquisitions, 2014–2017
Table 66 Mergers & Acquisitions, 2014–2017

List of Figures

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 European Market Dominated the Intelligent Completion Market in 2017
Figure 7 Onshore Segment is Expected to Lead the Intelligent Completion Market, By Application, During the Forecast Period
Figure 8 Hardware Segment is Expected to Lead the Intelligent Completion Market, By Component, During the Forecast Period
Figure 9 Simple Intelligent Well Completion Segment is Expected to Lead the Intelligent Completion Market, By Type, During the Forecast Period
Figure 10 Increasing Production of Oil & Gas From Wells is Expected to Drive the Intelligent Completion Market During the Forecast Period
Figure 11 Saudi Arabia is Expected to Hold the Fastest Growing Market During the Forecast Period
Figure 12 The Onshore Segment is Expected to Have Largest Market Share During the Forecast Period
Figure 13 Hardware Segment is Expected to Lead the Intelligent Completion Market During the Forecast Period
Figure 14 Simple Intelligent Well Completion Segment is Expected to Lead the Intelligent Completion Market During the Forecast Period
Figure 15 Market Dynamics: Intelligent Completions Market
Figure 16 Increase in Production With the Application of Intelligent Completions, 2012–2016
Figure 17 World Crude Oil Annual Production, 2016–2019
Figure 18 World Crude Oil Annual Production vs Consumption, 2011–2016
Figure 19 Global Offshore Investments, 2011–2022 (USD Billion)
Figure 20 Onshore Segment Accounted for the Largest Market Share in 2017
Figure 21 Hardware Segment Accounted for the Largest Market Share in 2017
Figure 22 The Single Intelligent Completion Type Accounted for the Largest Market Share in 2017
Figure 23 Europe is the Largest Market (By Value) During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Key Developments in the Intelligent Completion Market, 2014–2017
Figure 27 Schlumberger Lead the Market for Intelligent Completion in 2017
Figure 28 Schlumberger: Company Snapshot
Figure 29 Weatherford: Company Snapshot
Figure 30 Bhge: Company Snapshot
Figure 31 Halliburton: Company Snapshot
Figure 32 National Oilwell Varco: Company Snapshot

  • Global Renewable Energy and Energy-Efficient Technologies in Building Applications Market Growth (Status and Outlook) 2019-2024
    Published: 22-Aug-2019        Price: US 3660 Onwards        Pages: 131
    According to this study, over the next five years the Renewable Energy and Energy-Efficient Technologies in Building Applications market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Renewable Energy and Energy-Efficient Technologies in Building Applications business, shared in Chapter 3. This report presents......
  • Global Steel Tube Umbilical Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
    Published: 22-Aug-2019        Price: US 3480 Onwards        Pages: 115
    Steel Tube umbilicals are more of an integrated system that includes powers, control, hydraulic, fiber optic, chemical injection and all other utilities required. Sometimes it is also referred to as multicore umbilical. Scope of the Report: The worldwide market for Steel Tube Umbilical is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.......
  • Global Umbilical Cable Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
    Published: 22-Aug-2019        Price: US 3480 Onwards        Pages: 124
    Umbilicals link surface and seafloor oil and gas equipment for controls, power or heat. They provide electric and fiber-optic signals, electrical power and hydraulic and chemical injection fluids to the subsea unit. They can also power subsea boosting and compression, as well as provide flow-line heating to prevent the formation of wax and hydrates that could slow oil production. Scope of the Report: The worldwide market for Umbilical Cable is expected to grow at a CAGR of ......
  • Global (United States, European Union and China) Food-Grade Industrial Gases Market Research Report 2019-2025
    Published: 21-Aug-2019        Price: US 3280 Onwards        Pages: 119
    Industrial gases are gaseousmaterials that are manufactured for use in industry. The growing demand for fresh products and packaged food has led to the use of industrial gases in the food & beverages sector. Increasing working hours and changing lifestyles have affected the growth of convenience or packaged food. In 2019, the market size of Food-Grade Industrial Gases is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the......
  • Global (United States, European Union and China) Dolomite Mining Market Research Report 2019-2025
    Published: 21-Aug-2019        Price: US 3280 Onwards        Pages: 119
    Dolomite Mining is dolomite as main raw materials, make a series of activities such as mining, refining, production,etc. Dolomite Mining is a very versatile nonmetallic minerals, can be used in building materials, ceramics, glass and refractory materials, chemical industry and agriculture, environmental protection, energy saving, etc. In 2019, the market size of Dolomite Mining is 3490 million US$ and it will reach 5500 million US$ in 2025, growing at a CAGR of 5.9% from 2019; whil......
  • Global (United States, European Union and China) Runway End Light Market Research Report 2019-2025
    Published: 21-Aug-2019        Price: US 3280 Onwards        Pages: 119
    Runway end identifier lights are installed at many airports to provide rapid and positive identification of the approach end of a particular runway. The system consists of a pair of synchronized flashing lights located laterally on each side of the runway threshold. In 2019, the market size of Runway End Light is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx m......
  • Global (United States, European Union and China) Floating Offshore Wind Power Market Research Report 2019-2025
    Published: 21-Aug-2019        Price: US 3280 Onwards        Pages: 119
    A floating wind turbine is an offshore wind turbine mounted on a floating structure that allows the turbine to generate electricity in water depths where fixed-foundation turbines are not feasible. Floating wind farms have the potential to significantly increase the sea area available for offshore wind farms, especially in countries with limited shallow waters, such as Japan. Locating wind farms farther offshore can also reduce visual pollution, provide better accommodation for fishing and shipp......
  • Global (United States, European Union and China) Fuel Cell in Automotive Market Research Report 2019-2025
    Published: 21-Aug-2019        Price: US 3280 Onwards        Pages: 119
    A fuel cell converts chemical energy into electrical energy through an electromechanical reaction. A typical fuel cell consists of two electrodes, the anode and the cathode, which react to generate electricity. The light-duty vehicles segment accounted for the major shares of this market. The increasing energy costs that is driving the demand for energy-efficient passenger cars will be a major factor driving the growth of the fuel cells market for the automotive industry in this segment.......
  • Global (United States, European Union and China) Single-Phase Current Relays Market Research Report 2019-2025
    Published: 21-Aug-2019        Price: US 3280 Onwards        Pages: 119
    Single-phase current relays are designed to protect single-phase loads from mains current unacceptable fluctuations. In 2019, the market size of Single-Phase Current Relays is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. In this report, 2018 has been considered as the base year and 2019 to......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs