A $2.3 Billion Global Opportunity for Intelligent Completion by 2026 - New Research from StrategyR

SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Intelligent Completion - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1253
Companies: 11 - Players covered include Baker Hughes, a GE company; Halliburton; National Oilwell Varco, Inc.; Omega Well Intervention Ltd.; Ouro Negro; Packers Plus Energy Services Inc.; Praxis Completion Technology; Schlumberger Ltd.; Tendeka; Vantage Energy Group; Weatherford International Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Onshore, Offshore); Component (Hardware, Software); Type (Simple Intelligent Well Completion, Complex Intelligent Well Completion)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Intelligent Completion Market to Reach $2.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Intelligent Completion estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.3 Billion by 2026, growing at a CAGR of 4.6% over the analysis period. Simple Intelligent Well Completion, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Complex Intelligent Well Completion segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $548.8 Million in 2021, While China is Forecast to Reach $411.3 Million by 2026
The Intelligent Completion market in the U.S. is estimated at US$548.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$411.3 Million by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.