Industries > Energy > Global Intelligent Completion Market Report 2019-2029

Global Intelligent Completion Market Report 2019-2029

Analysis by Application (Offshore and Onshore), by Component (Hardware and Software), by Type (Simple and Complex), by Function (Surface Control System, Downhole Monitoring & Control System and Communication System), Company and Country Analysis and Forecasts

PAGES: 197
PRODUCT CODE: ENE0211
SUBMARKET: Oil

DOWNLOAD FREE SAMPLE
Clear
WOOCS 2.2.1
SKU: ENE0211 Categories: , Tag:

Market Definition:
• Intelligent completion is a technology, which employs permanent downhole sensors and surface-controlled downhole flow control valves, which enable evaluate, monitor and actively manage production (or injection) in real time without any well interventions.
• This technology facilitates surface-controlled production from each zone or lateral to optimize production and reservoir management, and also decreases production of undesirable gas or water.

Market Overview and Trends
• Intelligent completion technology was initially used in subsea wells. This techbology has proven their value in managing production from horizontal wells with multiple zones, wells in heterogeneous reservoirs, mature reservoirs and multilateral wells.
• In December 2018, a global completion systems and service provider to oil and gas companies launched a new technology, FloFuse to enhance oil recovery.
• The objective of this technology is to increase oil recovery by improving injected water conformance in fractured reservoirs or by ensuring the effective placement of matrix stimulation acids.

Market Dynamics:

Factors Influencing the Market Growth:
• Increase in demand for oil production globally
• Technological advancements associated with intelligent completion systems
• Improved focus to enhance oil production

Factors Restraining the Market Growth:
• High costs association with initial design, installation and, maintenance of intelligent completion systems
• Concerns regarding data processing and data-safety associated with intelligent completion systems

Market Segmentation 2019-2029:

Application
• Offshore Market, 2019-2029
• Onshore Market, 2019-2029

Component
• Hardware Market, 2019-2029
• Software Market, 2019-2029

Type
• Simple Systems Market, 2019-2029
• Complex Systems Market, 2019-2029

Function
• Surface Control System Market, 2019-2029
• Downhole Monitoring & Control System Market, 2019-2029
• Communication System Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029

Competitive Analysis:
• Companies are actively engaged in different developmental strategies in order to improve and increase their foothold in the global intelligent completion market.
• There have been a considerable number of product launches, product developments, mergers, and acquisitions recently in the global intelligent completion industry.

Major Market Players:
• Key company profiles such as Schlumberger, Weatherford, Bhge, Halliburton, National Oilwell Varco, Ouro Negro, Packers Plus Energy Services, Omega Well Intervention Ltd., Ciscon Nigeria, Praxis, Vantage Energy, Tendeka are also provided in the report.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

Download sample pages

Complete the form below to download your free sample pages for Global Intelligent Completion Market Report 2019-2029


Download sample pages

Complete the form below to download your free sample pages for Global Intelligent Completion Market Report 2019-2029


Latest Energy news

Visiongain Publishes Geothermal Power Market Report 2021-2031

Low operating costs associated with geothermal electricity generation drove the market during the historic period. Low operating costs associated with geothermal power encouraged many companies to invest in this market, contributing to the market growth.

06 January 2021

READ

Visiongain Publishes Flywheel Energy Storage Systems Market Report 2021-2031

High demand for long lasting, reliable, and ecologically sound energy storage systems to support advanced energy storage applications is expected to drive the demand for FESS. FESS is anticipated to witness high traction in electric vehicle application over the coming years, on account of its high power density, faster charging and low environmental impact.

11 December 2020

READ

Visiongain Publishes Tire Derived Fuel (TDF) Market Report 2021-2031

The comprehensive report offers market estimation and forecast for the period ranging 2021-2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of global tire derived fuels.

11 December 2020

READ

Visiongain Publishes Oil & Gas Pipeline Leak Detection Market Report 2021-2031

The COVID-19 crisis has dramatically affected oil and gas production and demand, leaving no midstream markets untouched as drilling screeched to a halt, pipeline projects were sidelined and global storage neared capacity in a stark reversal of trends at the start of 2020.

25 November 2020

READ

Categories

Category