Downhole tools are part of oilfield equipment used in drilling, completion, and intervention or workover activities that help optimize well production levels and maintain continuous flow from the reservoir.
This report aims to provide a comprehensive presentation of the global market for Downhole Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Downhole Tools. This report contains market size and forecasts of Downhole Tools in global, including the following market information:
Global Downhole Tools Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Downhole Tools market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The top three companies, Baker Hughes, Halliburton and Schlumberger, have 23% of the market share.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Downhole Tools companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Downhole Tools Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Downhole Tools Market Segment Percentages, by Type, 2022 (%)
- Packer Class
- Control Tool Class
- Workover Tools
- Other
Global Downhole Tools Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Downhole Tools Market Segment Percentages, by Application, 2022 (%)
- Onshore Oil Wells
- Offshore Oil Wells
Global Downhole Tools Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Downhole Tools Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- - US
- - Canada
- - Mexico
- Europe
- - Germany
- - France
- - U.K.
- - Italy
- - Russia
- - Nordic Countries
- - Benelux
- - Rest of Europe
- Asia
- - China
- - Japan
- - South Korea
- - Southeast Asia
- - India
- - Rest of Asia
- South America
- - Brazil
- - Argentina
- - Rest of South America
- Middle East & Africa
- - Turkey
- - Israel
- - Saudi Arabia
- - UAE
- - Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Downhole Tools revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Downhole Tools revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Baker Hughes
- Halliburton
- Schlumberger
- National Oilwell Varco Inc.
- Weatherford International Ltd.
- SJS Ltd.
- ANTHON
- SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD
- Dril-Quip (TIW)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Downhole Tools, market overview.
Chapter 2: Global Downhole Tools market size in revenue.
Chapter 3: Detailed analysis of Downhole Tools company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Downhole Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
Downhole Tools Market, Global Outlook and Forecast 2023-2029
Table of Contents
1 Introduction to Research & Analysis Reports
1.1 Downhole Tools Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Downhole Tools Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Downhole Tools Overall Market Size
2.1 Global Downhole Tools Market Size: 2022 VS 2029
2.2 Global Downhole Tools Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Downhole Tools Players in Global Market
3.2 Top Global Downhole Tools Companies Ranked by Revenue
3.3 Global Downhole Tools Revenue by Companies
3.4 Top 3 and Top 5 Downhole Tools Companies in Global Market, by Revenue in 2022
3.5 Global Companies Downhole Tools Product Type
3.6 Tier 1, Tier 2 and Tier 3 Downhole Tools Players in Global Market
3.6.1 List of Global Tier 1 Downhole Tools Companies
3.6.2 List of Global Tier 2 and Tier 3 Downhole Tools Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Downhole Tools Market Size Markets, 2022 & 2029
4.1.2 Packer Class
4.1.3 Control Tool Class
4.1.4 Workover Tools
4.1.5 Other
4.2 By Type - Global Downhole Tools Revenue & Forecasts
4.2.1 By Type - Global Downhole Tools Revenue, 2018-2023
4.2.2 By Type - Global Downhole Tools Revenue, 2024-2029
4.2.3 By Type - Global Downhole Tools Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Downhole Tools Market Size, 2022 & 2029
5.1.2 Onshore Oil Wells
5.1.3 Offshore Oil Wells
5.2 By Application - Global Downhole Tools Revenue & Forecasts
5.2.1 By Application - Global Downhole Tools Revenue, 2018-2023
5.2.2 By Application - Global Downhole Tools Revenue, 2024-2029
5.2.3 By Application - Global Downhole Tools Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Downhole Tools Market Size, 2022 & 2029
6.2 By Region - Global Downhole Tools Revenue & Forecasts
6.2.1 By Region - Global Downhole Tools Revenue, 2018-2023
6.2.2 By Region - Global Downhole Tools Revenue, 2024-2029
6.2.3 By Region - Global Downhole Tools Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Downhole Tools Revenue, 2018-2029
6.3.2 US Downhole Tools Market Size, 2018-2029
6.3.3 Canada Downhole Tools Market Size, 2018-2029
6.3.4 Mexico Downhole Tools Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Downhole Tools Revenue, 2018-2029
6.4.2 Germany Downhole Tools Market Size, 2018-2029
6.4.3 France Downhole Tools Market Size, 2018-2029
6.4.4 U.K. Downhole Tools Market Size, 2018-2029
6.4.5 Italy Downhole Tools Market Size, 2018-2029
6.4.6 Russia Downhole Tools Market Size, 2018-2029
6.4.7 Nordic Countries Downhole Tools Market Size, 2018-2029
6.4.8 Benelux Downhole Tools Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Downhole Tools Revenue, 2018-2029
6.5.2 China Downhole Tools Market Size, 2018-2029
6.5.3 Japan Downhole Tools Market Size, 2018-2029
6.5.4 South Korea Downhole Tools Market Size, 2018-2029
6.5.5 Southeast Asia Downhole Tools Market Size, 2018-2029
6.5.6 India Downhole Tools Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Downhole Tools Revenue, 2018-2029
6.6.2 Brazil Downhole Tools Market Size, 2018-2029
6.6.3 Argentina Downhole Tools Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Downhole Tools Revenue, 2018-2029
6.7.2 Turkey Downhole Tools Market Size, 2018-2029
6.7.3 Israel Downhole Tools Market Size, 2018-2029
6.7.4 Saudi Arabia Downhole Tools Market Size, 2018-2029
6.7.5 UAE Downhole Tools Market Size, 2018-2029
7 Downhole Tools Companies Profiles
7.1 Baker Hughes
7.1.1 Baker Hughes Company Summary
7.1.2 Baker Hughes Business Overview
7.1.3 Baker Hughes Downhole Tools Major Product Offerings
7.1.4 Baker Hughes Downhole Tools Revenue in Global Market (2018-2023)
7.1.5 Baker Hughes Key News & Latest Developments
7.2 Halliburton
7.2.1 Halliburton Company Summary
7.2.2 Halliburton Business Overview
7.2.3 Halliburton Downhole Tools Major Product Offerings
7.2.4 Halliburton Downhole Tools Revenue in Global Market (2018-2023)
7.2.5 Halliburton Key News & Latest Developments
7.3 Schlumberger
7.3.1 Schlumberger Company Summary
7.3.2 Schlumberger Business Overview
7.3.3 Schlumberger Downhole Tools Major Product Offerings
7.3.4 Schlumberger Downhole Tools Revenue in Global Market (2018-2023)
7.3.5 Schlumberger Key News & Latest Developments
7.4 National Oilwell Varco Inc.
7.4.1 National Oilwell Varco Inc. Company Summary
7.4.2 National Oilwell Varco Inc. Business Overview
7.4.3 National Oilwell Varco Inc. Downhole Tools Major Product Offerings
7.4.4 National Oilwell Varco Inc. Downhole Tools Revenue in Global Market (2018-2023)
7.4.5 National Oilwell Varco Inc. Key News & Latest Developments
7.5 Weatherford International Ltd.
7.5.1 Weatherford International Ltd. Company Summary
7.5.2 Weatherford International Ltd. Business Overview
7.5.3 Weatherford International Ltd. Downhole Tools Major Product Offerings
7.5.4 Weatherford International Ltd. Downhole Tools Revenue in Global Market (2018-2023)
7.5.5 Weatherford International Ltd. Key News & Latest Developments
7.6 SJS Ltd.
7.6.1 SJS Ltd. Company Summary
7.6.2 SJS Ltd. Business Overview
7.6.3 SJS Ltd. Downhole Tools Major Product Offerings
7.6.4 SJS Ltd. Downhole Tools Revenue in Global Market (2018-2023)
7.6.5 SJS Ltd. Key News & Latest Developments
7.7 ANTHON
7.7.1 ANTHON Company Summary
7.7.2 ANTHON Business Overview
7.7.3 ANTHON Downhole Tools Major Product Offerings
7.7.4 ANTHON Downhole Tools Revenue in Global Market (2018-2023)
7.7.5 ANTHON Key News & Latest Developments
7.8 SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD
7.8.1 SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Company Summary
7.8.2 SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Business Overview
7.8.3 SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Downhole Tools Major Product Offerings
7.8.4 SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Downhole Tools Revenue in Global Market (2018-2023)
7.8.5 SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Key News & Latest Developments
7.9 Dril-Quip (TIW)
7.9.1 Dril-Quip (TIW) Company Summary
7.9.2 Dril-Quip (TIW) Business Overview
7.9.3 Dril-Quip (TIW) Downhole Tools Major Product Offerings
7.9.4 Dril-Quip (TIW) Downhole Tools Revenue in Global Market (2018-2023)
7.9.5 Dril-Quip (TIW) Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
List of Tables
Table 1. Downhole Tools Market Opportunities & Trends in Global Market
Table 2. Downhole Tools Market Drivers in Global Market
Table 3. Downhole Tools Market Restraints in Global Market
Table 4. Key Players of Downhole Tools in Global Market
Table 5. Top Downhole Tools Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Downhole Tools Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Downhole Tools Revenue Share by Companies, 2018-2023
Table 8. Global Companies Downhole Tools Product Type
Table 9. List of Global Tier 1 Downhole Tools Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Downhole Tools Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type - Global Downhole Tools Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Downhole Tools Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Downhole Tools Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application - Global Downhole Tools Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Downhole Tools Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Downhole Tools Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region - Global Downhole Tools Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Downhole Tools Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Downhole Tools Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Downhole Tools Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Downhole Tools Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Downhole Tools Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Downhole Tools Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Downhole Tools Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Downhole Tools Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Downhole Tools Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Downhole Tools Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Downhole Tools Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Downhole Tools Revenue, (US$, Mn), 2024-2029
Table 30. Baker Hughes Company Summary
Table 31. Baker Hughes Downhole Tools Product Offerings
Table 32. Baker Hughes Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 33. Baker Hughes Key News & Latest Developments
Table 34. Halliburton Company Summary
Table 35. Halliburton Downhole Tools Product Offerings
Table 36. Halliburton Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 37. Halliburton Key News & Latest Developments
Table 38. Schlumberger Company Summary
Table 39. Schlumberger Downhole Tools Product Offerings
Table 40. Schlumberger Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 41. Schlumberger Key News & Latest Developments
Table 42. National Oilwell Varco Inc. Company Summary
Table 43. National Oilwell Varco Inc. Downhole Tools Product Offerings
Table 44. National Oilwell Varco Inc. Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 45. National Oilwell Varco Inc. Key News & Latest Developments
Table 46. Weatherford International Ltd. Company Summary
Table 47. Weatherford International Ltd. Downhole Tools Product Offerings
Table 48. Weatherford International Ltd. Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 49. Weatherford International Ltd. Key News & Latest Developments
Table 50. SJS Ltd. Company Summary
Table 51. SJS Ltd. Downhole Tools Product Offerings
Table 52. SJS Ltd. Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 53. SJS Ltd. Key News & Latest Developments
Table 54. ANTHON Company Summary
Table 55. ANTHON Downhole Tools Product Offerings
Table 56. ANTHON Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 57. ANTHON Key News & Latest Developments
Table 58. SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Company Summary
Table 59. SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Downhole Tools Product Offerings
Table 60. SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 61. SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Key News & Latest Developments
Table 62. Dril-Quip (TIW) Company Summary
Table 63. Dril-Quip (TIW) Downhole Tools Product Offerings
Table 64. Dril-Quip (TIW) Downhole Tools Revenue (US$, Mn) & (2018-2023)
Table 65. Dril-Quip (TIW) Key News & Latest Developments
List of Figures
Figure 1. Downhole Tools Segment by Type in 2022
Figure 2. Downhole Tools Segment by Application in 2022
Figure 3. Global Downhole Tools Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Downhole Tools Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Downhole Tools Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Downhole Tools Revenue in 2022
Figure 8. By Type - Global Downhole Tools Revenue Market Share, 2018-2029
Figure 9. By Application - Global Downhole Tools Revenue Market Share, 2018-2029
Figure 10. By Type - Global Downhole Tools Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Downhole Tools Revenue Market Share, 2018-2029
Figure 12. By Application - Global Downhole Tools Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Downhole Tools Revenue Market Share, 2018-2029
Figure 14. By Region - Global Downhole Tools Revenue Market Share, 2018-2029
Figure 15. By Country - North America Downhole Tools Revenue Market Share, 2018-2029
Figure 16. US Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Downhole Tools Revenue Market Share, 2018-2029
Figure 20. Germany Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 21. France Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Downhole Tools Revenue Market Share, 2018-2029
Figure 28. China Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 32. India Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Downhole Tools Revenue Market Share, 2018-2029
Figure 34. Brazil Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Downhole Tools Revenue Market Share, 2018-2029
Figure 37. Turkey Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Downhole Tools Revenue, (US$, Mn), 2018-2029
Figure 41. Baker Hughes Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Halliburton Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Schlumberger Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. National Oilwell Varco Inc. Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Weatherford International Ltd. Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. SJS Ltd. Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. ANTHON Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. SHANDONG MOLONG PETROLEUM MECHINERY CO..LTD Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Dril-Quip (TIW) Downhole Tools Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
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