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Downhole Tools Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019- 2027
Š2019 Transparency Market Research, All Rights Reserved
Š2019 Transparency Market Research, All Rights Reserved
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Downhole Tools Market to reach US$ 8.5 BN by 2027
The global downhole tools market was valued at ~US$ 7.8 in 2018 and is anticipated to expand at a CAGR of ~2% during the forecast period. Among types, the drilling tools segment accounted for a dominant share of the global downhole tools market in 2018. This can be primarily ascribed to increase in drilling activities worldwide. For instance, the number of wells drilled worldwide increased to 70,551 in 2018, which is a substantial increase from 65,746 wells drilled in 2017. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved
Key players Key players operating in the Downhole Tools Market are: Halliburton Company Excalibre Downhole Tools Ltd. Schlumberger Ltd. Bilco Tools Inc. Baker Hughes Inc.
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