|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 3.67 billion
|
|
Market Size (2030)
|
USD 5.29 billion
|
|
CAGR (2025-2030)
|
6.12%
|
|
Fastest Growing Segment
|
Sand Control Tools
|
|
Largest Market
|
North America
|
Market Overview
Global
Horizontal
Completions Market was
valued at USD 3.67 billion in 2024 and is expected to reach USD 5.29 billion by
2030 with a CAGR of 6.12% during the forecast period.
The Horizontal
Completions Market refers to the industry involved in the technologies, tools,
and services used to complete horizontally drilled wells in oil and gas
exploration. Unlike vertical wells, horizontal drilling involves turning the
wellbore horizontally within the target formation, which significantly
increases contact with the reservoir and enhances hydrocarbon recovery.
Horizontal completions include a series of complex procedures and equipment
such as hydraulic fracturing, plug and perf systems, sliding sleeves, packers,
liner hangers, and multistage stimulation techniques, all designed to maximize
production from these wells.
This market has
gained significant traction in recent years as energy companies increasingly
shift focus toward unconventional resources such as shale gas, tight oil, and
coalbed methane. Horizontal drilling and completion techniques are instrumental
in accessing these resources economically and efficiently. The ability to
increase reservoir exposure while minimizing surface disruption makes
horizontal completions highly attractive, particularly in regions with
environmental sensitivities or surface land-use constraints.
The growth of
the Horizontal Completions Market is expected to be driven by several factors.
First, the rising global demand for energy is pushing oil and gas companies to
explore new reserves and boost production from existing fields. Horizontal
completions provide an effective means to achieve these objectives. Second,
technological advancements such as real-time monitoring, advanced simulation
software, and enhanced fracturing fluids are making horizontal completions more
cost-effective and reliable. Third, favorable government policies and increased
investments in upstream exploration and production activities, especially in
North America, the Middle East, and Asia Pacific, are contributing to market
expansion.
Furthermore, the
shift toward digital oilfield solutions, including automation and data
analytics in well completion processes, is expected to optimize operational
efficiency and reduce downtime, thereby enhancing the market outlook. The
ongoing focus on increasing recovery rates and extending the life of mature
fields is also promoting the adoption of horizontal completions. As
environmental concerns grow, horizontal wells offer the benefit of reduced
surface footprint compared to multiple vertical wells, aligning with
sustainability goals. Together, these drivers position the Horizontal
Completions Market for steady growth in the coming years.
Key Market Drivers.
Increasing Global Energy
Demand
The Horizontal Completions
Market is significantly propelled by the escalating global demand for energy,
driven by rapid industrialization, urbanization, and population growth across
both developed and emerging economies. As nations strive to meet rising energy
needs, the exploration and production of oil and gas, particularly from
unconventional sources like shale and tight reservoirs, have intensified.
Horizontal completions, which involve drilling wells horizontally to maximize
reservoir contact, are critical for accessing these resources efficiently,
thereby enhancing production rates and optimizing hydrocarbon recovery.
This technique is
particularly vital in regions like North America, where shale gas and tight oil
production have surged, and in emerging markets such as Asia-Pacific, where
energy consumption is growing rapidly due to industrial expansion and
infrastructure development. The ability of horizontal completions to increase
well productivity by exposing a larger reservoir surface area makes them
indispensable for meeting the world’s energy requirements. Furthermore, as
traditional oil and gas fields deplete, operators are increasingly turning to
unconventional reserves, which require advanced completion techniques to unlock
trapped hydrocarbons.
This shift is driven by the
need to sustain energy supply chains while addressing the economic pressures of
maintaining cost-effective production. The adoption of horizontal completions
is further supported by their ability to reduce the number of wells needed,
thereby lowering operational costs and environmental footprints. As global
energy consumption continues to rise, particularly in energy-intensive sectors
like manufacturing and transportation, the Horizontal Completions Market is
poised for sustained growth, driven by the necessity to extract hydrocarbons
from complex geological formations efficiently.
According to the
International Energy Agency (IEA), global energy demand is projected to
increase by approximately 1.3% annually through 2030, with oil and gas
accounting for a significant portion of this growth. In 2023, global crude oil
production reached 82.6 million barrels per day, with unconventional sources
contributing over 15% of this total, highlighting the critical role of
horizontal completions in meeting energy needs.
Advancements in Drilling
Technologies
Technological advancements
in drilling and completion technologies are a cornerstone of growth for the
Horizontal Completions Market, enabling operators to enhance efficiency, reduce
costs, and improve hydrocarbon recovery rates. Innovations such as multi-stage
hydraulic fracturing, real-time data analytics, and advanced reservoir modeling
have revolutionized horizontal well completions, making them more precise and
cost-effective.
These technologies allow
for better targeting of hydrocarbon deposits, minimizing drilling risks and
optimizing well performance. For instance, improvements in rotary steerable
systems (RSS) enable precise control over drilling direction, resulting in smoother
boreholes and higher rates of penetration. Additionally, the integration of
digital tools like artificial intelligence (AI) and Internet of Things (IoT)
sensors facilitates real-time monitoring and data-driven decision-making,
enhancing operational efficiency.
These advancements are
particularly impactful in unconventional reservoirs, where complex geological
formations demand sophisticated completion techniques. By reducing drilling
times and improving well productivity, these technologies lower the overall cost
per barrel of oil equivalent, making horizontal completions an attractive
option for operators. As research and development efforts continue to drive
innovation, the Horizontal Completions Market benefits from ongoing
improvements in equipment durability, automation, and completion fluids, which
further enhance the feasibility of extracting resources from challenging
environments.
According to the U.S. Energy Information
Administration, technological advancements in hydraulic fracturing and
horizontal drilling have significantly boosted shale oil production in the
United States. Since 2018, production has grown at an annual rate of 8 percent,
reaching 9.2 million barrels per day in 2024. This steady increase highlights
the crucial role of innovation in enhancing operational efficiency and output,
underscoring the strong influence of advanced completion techniques on the
growth of the Horizontal Completions Market.
Focus on Unconventional
Resource Exploration
The growing emphasis on
unconventional oil and gas resources, such as shale gas, tight oil, and coalbed
methane, is a key driver for the Horizontal Completions Market. These
resources, often trapped in low-permeability formations, require horizontal
drilling and completion techniques to achieve economically viable production
rates. Unlike conventional reservoirs, unconventional reserves benefit
significantly from the increased reservoir contact provided by horizontal
wells, which can extend laterally for thousands of feet.
This approach enhances
hydrocarbon recovery by accessing larger portions of the reservoir, making it a
preferred method in regions like the Permian Basin and Eagle Ford Shale in the
United States.
The surge in exploration
and production activities in unconventional plays is driven by the depletion of
easily accessible conventional reserves and the need to meet rising energy
demands. Horizontal completions, combined with techniques like hydraulic fracturing,
enable operators to unlock vast reserves that were previously uneconomical to
extract. As global energy markets shift toward maximizing output from existing
fields, the demand for horizontal completion services continues to grow,
particularly in North America, which dominates the market due to its extensive
shale resources.
The U.S. Department of Energy reports that in 2024,
unconventional oil and gas production made up 70 percent of the nation’s total
oil output, with horizontal wells responsible for over 90 percent of newly
drilled shale gas wells. This highlights the critical role of horizontal
completions in unlocking unconventional resources, enabling higher recovery
rates and greater efficiency in shale development. The data reflects the
growing reliance on horizontal technologies to meet domestic energy production
goals.
Regulatory Support and
Economic Incentives
Government policies and
economic incentives aimed at boosting domestic energy production significantly
drive the Horizontal Completions Market. Many countries, particularly in North
America and the Asia-Pacific, have implemented favorable regulations and
financial incentives to encourage exploration and production activities,
especially in unconventional reservoirs. These policies include tax breaks,
subsidies, and streamlined permitting processes that reduce barriers to entry
for operators employing horizontal completion techniques. For instance,
governments in energy-rich regions like the United States and Canada have
supported shale gas development to enhance energy security and reduce reliance
on imported fuels.
Additionally, regulatory
frameworks that promote environmentally responsible drilling practices align
with the benefits of horizontal completions, which reduce surface disturbance
by requiring fewer wells to access the same reservoir volume. These policies
not only stimulate investment in horizontal drilling projects but also
encourage the adoption of advanced completion technologies that comply with
environmental standards.
As nations prioritize
energy independence and sustainable practices, the Horizontal Completions
Market is expected to benefit from continued regulatory support and economic
incentives.
The U.S. Energy Information Administration states
that federal and state incentives for unconventional oil and gas development
resulted in a 12 percent rise in horizontal well permits issued between 2022
and 2024. This growth highlights the strong regulatory backing for horizontal
drilling technologies and underscores government commitment to boosting
domestic energy production. The increase in permitting activity reflects a
favorable policy environment that supports the expansion of the Horizontal Completions
Market and encourages continued investment in advanced well completion methods.
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Key Market Challenges
High Operational Complexity
and Cost Intensity
One of the most critical
challenges facing the Horizontal Completions Market is the high level of
operational complexity and the substantial capital investments required to
execute these processes effectively. Horizontal completions involve advanced
engineering techniques such as multistage hydraulic fracturing, extended-reach
drilling, and precision placement of downhole tools, all of which necessitate
meticulous planning and coordination. Unlike vertical wells that are relatively
straightforward to complete, horizontal wells often extend thousands of meters
laterally through the target reservoir, increasing the likelihood of
encountering unpredictable geological conditions, pressure variations, and
equipment stress. These factors contribute to heightened risk and require
highly skilled personnel and sophisticated machinery, which substantially
inflates project costs.
The capital and operating
expenditures associated with horizontal completions are significant barriers to
entry, particularly for small and mid-sized exploration and production
companies. In a volatile commodity price environment, fluctuations in crude oil
and natural gas prices can further exacerbate the economic burden, leading to
deferred investments or project cancellations. Furthermore, the costs
associated with well stimulation, such as the use of large volumes of
proppants, water, and specialized fluids, place additional financial pressure
on operators. Equipment maintenance, logistical coordination, and the
requirement for advanced data analytics and real-time monitoring tools also add
to the financial strain. These cumulative costs make horizontal completions a
less attractive option when compared to more traditional drilling techniques,
particularly in low-margin markets or under constrained budget conditions.
The economic pressure is
further compounded by the long payback periods typically associated with
horizontal wells. Due to the complex nature of these operations, it can take
years for investors to realize a return, which may deter capital inflows, especially
from risk-averse stakeholders. Additionally, regulatory compliance,
environmental impact assessments, and water management costs also increase the
overall expenditure profile. Collectively, these economic and operational
complexities form a substantial challenge that could hinder the widespread
adoption and scalability of horizontal completion technologies, thereby slowing
down market growth.
Environmental Concerns and
Regulatory Scrutiny
Another major challenge
confronting the Horizontal Completions Market is the intensifying scrutiny from
environmental agencies and the growing public concern over the ecological
footprint of horizontal drilling operations. Techniques such as hydraulic
fracturing, which are integral to horizontal completions, require vast
quantities of water, chemicals, and proppants, leading to potential
contamination of groundwater resources and surface ecosystems. The injection of
high-pressure fluids into subsurface formations has also been linked to induced
seismic activity, raising alarms in regions with pre-existing geological
vulnerabilities. These environmental risks have attracted widespread criticism
from communities, non-governmental organizations, and climate advocacy groups,
prompting regulators to impose stringent operational standards.
In several regions,
particularly in North America and parts of Europe, regulatory frameworks are
being continuously updated to address environmental hazards related to
horizontal completions. These include mandatory water usage reporting, baseline
groundwater testing, restrictions on chemical usage, and requirements for well
casing integrity to prevent leakages. Operators are now obligated to obtain
multiple environmental clearances before initiating projects, thereby
lengthening project timelines and increasing administrative costs. In some
jurisdictions, outright bans or moratoriums on hydraulic fracturing have been
implemented, effectively curbing horizontal drilling activities and limiting
the market potential in those areas.
Public opposition and legal
challenges also play a critical role in delaying or halting horizontal
completion projects. Community concerns about noise pollution, traffic
congestion from water and chemical transport, and the potential for surface
spills contribute to negative public perception. In a business environment
where social license to operate is increasingly critical, companies face
growing pressure to demonstrate environmental stewardship and adopt best
practices in sustainability. This has led to increased investment in greener
completion technologies, which, while beneficial in the long run, often require
significant upfront research and development expenditures.
Moreover, the carbon
footprint associated with the entire lifecycle of horizontal completions—from
well construction to decommissioning—has come under the spotlight, particularly
as governments worldwide implement more aggressive climate policies. Companies
operating in the horizontal completions market must now not only comply with
evolving regulatory norms but also align with international sustainability
targets, such as net-zero emissions and corporate environmental, social, and
governance benchmarks. These rising environmental and regulatory pressures
represent a substantial and multifaceted challenge to the growth and
profitability of the horizontal completions market.
Key Market Trends
Integration of Digital
Technologies and Data Analytics
A prominent trend in the
Horizontal Completions Market is the increasing integration of digital
technologies and advanced data analytics across completion operations. The
demand for real-time decision-making, greater operational efficiency, and
optimized reservoir performance has driven exploration and production companies
to adopt digital solutions such as cloud computing, machine learning
algorithms, artificial intelligence platforms, and digital twin simulations.
These technologies enable operators to remotely monitor well conditions,
identify pressure variations, and optimize the placement of fractures for
maximum recovery.
Digital completions allow
for predictive maintenance, reduce non-productive time, and improve the
accuracy of performance forecasting, thereby minimizing risks and enhancing
productivity. Moreover, through the use of fiber-optic sensors and Internet of
Things-enabled equipment, companies can collect continuous downhole data that
was previously inaccessible, offering deeper insights into reservoir behavior.
These advancements help reduce costs while maximizing hydrocarbon extraction,
especially in unconventional and challenging reservoirs.
Oilfield service providers
are increasingly investing in proprietary software platforms and integrated
digital systems tailored to complex horizontal completions. This trend is also
supported by the growing collaboration between energy companies and technology
firms to co-develop innovative digital tools. As the global oil and gas
industry continues to prioritize automation and data-driven strategies,
digitalization will remain a cornerstone trend reshaping the Horizontal
Completions Market in the years ahead.
Rising Demand for
Environmentally Sustainable Completion Solutions
Environmental
sustainability is becoming a central theme in the Horizontal Completions
Market, with operators increasingly shifting towards greener, more responsible
well completion practices. Amid growing regulatory scrutiny and stakeholder
pressure, exploration and production companies are adopting environmentally
friendly technologies to reduce water consumption, minimize emissions, and
ensure responsible waste management throughout the horizontal completion
process.
One emerging trend is the
development and use of waterless or reduced-water hydraulic fracturing methods,
such as those using liquefied petroleum gas or carbon dioxide-based fracturing
fluids. These innovations help reduce the ecological footprint and mitigate the
risk of groundwater contamination. Furthermore, operators are implementing
closed-loop systems for fluid recycling, which not only conserve water but also
reduce the volume of hazardous waste generated during completions. In parallel,
electric-powered hydraulic fracturing fleets are gaining traction due to their
lower carbon emissions and quieter operations compared to conventional
diesel-powered units.
Sustainability-oriented
completions are also contributing to enhanced corporate reputation and
compliance with environmental, social, and governance criteria, which are
increasingly important to investors and regulatory bodies. Governments in key
regions such as North America and Europe are introducing incentives and tax
benefits for environmentally responsible practices, further accelerating the
shift towards sustainable solutions. As the global energy industry transitions
toward a low-carbon future, the demand for innovative, eco-friendly completion
technologies will continue to rise, reshaping the competitive landscape of the
Horizontal Completions Market.
Expansion of Horizontal
Drilling in Emerging Regions
Another significant trend
in the Horizontal Completions Market is the geographic expansion of horizontal
drilling operations into emerging oil and gas producing regions. While North
America has traditionally led in horizontal completions, particularly due to
its shale resource base, regions such as Asia Pacific, the Middle East, and
Africa are now witnessing a surge in horizontal well development. This
expansion is driven by rising domestic energy demand, increasing investments in
upstream exploration, and government initiatives aimed at enhancing energy
security.
Countries such as China,
India, Saudi Arabia, and the United Arab Emirates are actively promoting
horizontal drilling as part of their national energy strategies. State-owned
and private oil and gas firms in these countries are investing in new drilling technologies
and partnering with global oilfield service providers to gain access to
best-in-class horizontal completion expertise. Additionally, advancements in
seismic imaging and reservoir modeling have enabled better identification of
tight formations and unconventional reserves, encouraging operators to explore
horizontal completions as a viable development strategy.
Infrastructure development,
such as pipeline connectivity, export terminals, and local manufacturing of
completion equipment, is further supporting market growth in these regions. As
exploration moves into technically complex reservoirs, horizontal completions
are becoming essential for maximizing output and improving the economic
viability of projects. This geographic shift not only diversifies the market
landscape but also creates opportunities for technology transfer, local job
creation, and long-term strategic growth. Consequently, the expansion of
horizontal completions in emerging markets is expected to be a defining trend
in shaping the future trajectory of the global Horizontal Completions Market.
Segmental Insights
Type Insights
In 2024, the Hydraulic Fracturing segment dominated
the Horizontal Completions Market and is expected to maintain its dominance
throughout the forecast period. This dominance can be attributed to its proven
effectiveness in enhancing reservoir permeability and facilitating the economic
extraction of hydrocarbons from unconventional formations such as shale, tight
gas, and coalbed methane. Hydraulic fracturing has become a standard completion
technique in horizontal wells due to its ability to create extensive fracture
networks that improve contact with the reservoir, thereby significantly
boosting well productivity.
The method's adaptability across various geological
formations and its compatibility with multistage completions make it a
preferred choice for operators aiming to maximize output from complex
reservoirs. Furthermore, continuous technological advancements in hydraulic
fracturing fluids, proppants, and real-time monitoring systems have enhanced
the efficiency, precision, and environmental performance of this technique.
Operators are increasingly adopting data-driven
approaches to optimize fracture design, reduce fluid usage, and minimize
operational risks, further reinforcing the segment’s market leadership. The
segment's growth is also supported by ongoing investments in large-scale shale
development projects in key regions such as North America, China, and the
Middle East, where hydraulic fracturing plays a central role in unconventional
resource development strategies.
Moreover, regulatory bodies and industry
stakeholders are promoting innovations in water recycling and emissions
reduction, making hydraulic fracturing more sustainable and publicly
acceptable. As global energy demand continues to rise and conventional reserves
become harder to access, hydraulic fracturing offers a cost-effective and
scalable solution to meet future production goals. Its widespread
applicability, continuous innovation, and economic feasibility will likely
ensure that the hydraulic fracturing segment remains at the forefront of the
Horizontal Completions Market over the coming years.
Component Insights
In
2024, the Packers segment dominated the Horizontal Completions Market and is
anticipated to maintain its leading position during the forecast period.
Packers are critical components in horizontal well completions as they serve
the essential function of isolating different sections of the wellbore, thereby
enabling effective zonal control, pressure containment, and targeted
stimulation. The increasing complexity of horizontal well designs, particularly
in multistage completions, has driven the demand for high-performance packer
systems that can withstand extreme pressure, temperature, and mechanical stress
conditions.
The
growing adoption of hydraulic and swellable packers, which offer enhanced
sealing reliability and operational flexibility, has further solidified the
segment's dominance. Additionally, the shift toward longer lateral sections in
horizontal wells requires the deployment of multiple packers to facilitate
compartmentalized fracturing and optimized reservoir drainage, thus
contributing to higher consumption of packers per well. The segment is also
benefiting from continuous advancements in packer materials, design innovation,
and digital monitoring capabilities, which have improved durability, deployment
efficiency, and performance tracking.
Moreover,
the packers segment is witnessing strong demand across both onshore and
offshore operations, as operators seek to maximize hydrocarbon recovery while
minimizing the risk of well integrity issues. Strategic investments by oilfield
service providers in developing cost-effective and customizable packer
solutions tailored to regional geological challenges have expanded the
accessibility of advanced packer technologies to a broader range of exploration
and production companies.
Furthermore,
the critical role of packers in enhancing well longevity and ensuring safe and
controlled operations aligns with industry goals related to asset optimization
and environmental stewardship. Given their indispensable function, increasing
adoption in advanced completion designs, and continued technological evolution,
the Packers segment is expected to sustain its dominance in the Horizontal
Completions Market throughout the forecast period.
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Regional Insights
Largest Region
In 2024, North America dominated the Horizontal
Completions Market and is projected to maintain its dominance throughout the
forecast period. This regional leadership is primarily driven by the
large-scale development of unconventional oil and gas reserves, particularly in
the United States and Canada, where horizontal drilling and advanced completion
techniques are widely adopted. The United States, with its prolific shale
basins such as the Permian, Eagle Ford, Bakken, and Marcellus, remains at the
forefront of horizontal well completions, supported by a mature infrastructure,
favorable regulatory environment, and the presence of leading oilfield service
providers and exploration companies.
Operators in North America have embraced horizontal
completions to enhance well productivity and improve the economic viability of
tight and unconventional formations. The region has also been a hub for
continuous technological innovations, including advancements in multistage
hydraulic fracturing, real-time monitoring, and digital oilfield solutions,
which have significantly improved the efficiency and effectiveness of
horizontal completions. Additionally, the region benefits from a
well-established supply chain, a skilled workforce, and access to capital,
which collectively enable rapid deployment and scalability of horizontal
drilling operations. Canada contributes to the regional strength through its
unconventional oil sands and tight gas developments, further supporting the
overall market growth.
Moreover, the strong emphasis on domestic energy
production and energy security in North America continues to drive substantial
investments in upstream exploration and production activities. The region is
also leading in the adoption of environmentally sustainable practices, such as
water recycling and reduced-emission completion systems, which enhance the
long-term viability of horizontal operations. With its robust resource base,
technological leadership, and well-integrated energy ecosystem, North America
is well-positioned to retain its dominant share in the Horizontal Completions
Market over the coming years.
Emerging Region
Middle East is emerging as a key region in the Horizontal Completions Market,
primarily due to its strategic shift toward unconventional resource development
and the modernization of traditional oilfield operations. Historically known
for its abundant conventional reserves, the region is now exploring tight oil
and gas reservoirs that require horizontal drilling and advanced completion
techniques to unlock economic viability. Countries such as Saudi Arabia, the
United Arab Emirates, and Oman are initiating horizontal well programs to
diversify production portfolios and maximize reservoir recovery.
National oil companies in
the region, including Saudi Aramco and Abu Dhabi National Oil Company, are
increasingly investing in new technologies such as multistage hydraulic
fracturing, smart completions, and fiber-optic monitoring systems to enable
efficient horizontal completions. These initiatives are driven by the dual
objective of enhancing oil recovery from maturing fields and developing complex
reservoirs that cannot be economically exploited using conventional vertical
wells.
Moreover, the availability
of financial resources, government backing, and established infrastructure
allows for rapid scaling of horizontal completion capabilities. Technical
partnerships with North American and European service providers are also facilitating
the transfer of best practices and innovative tools into the region. As
geopolitical dynamics and global energy transitions reshape the oil and gas
sector, the Middle East is repositioning itself not just as a source of
conventional energy, but also as a technologically advanced and diversified
producer.
With ongoing pilot
projects, increased research and development efforts, and long-term production
goals aligned with national energy strategies, the Middle East is poised to
become one of the most strategically significant emerging regions in the
Horizontal Completions Market during the forecast period.
Recent Development
- In December 2024, ADNOC Drilling has launched
Turnwell Industries, a joint venture with Schlumberger and Patterson-UTI, to
target unconventional hydrocarbon extraction in Abu Dhabi’s vast unconventional
reserves—estimated at 220 billion barrels of oil and 460 trillion cubic feet of
gas. This collaboration leverages artificial intelligence-enabled smart
drilling, completions engineering, and production solutions to scale up
unconventional development in the region
- In June 2025, Baker Hughes
and Cactus, a global leader in pressure control equipment for oil and gas
drilling, announced the formation of a new joint venture centered on Baker
Hughes’ Surface Pressure Control product line. Under the terms of the agreement,
Cactus will hold a 65 percent ownership stake, while Baker Hughes will retain
the remaining 35 percent. The joint venture will function independently from
Cactus’ existing Pressure Control business and will focus on strengthening its
position in the international market for surface wellhead and production tree
systems. This strategic initiative is designed to enhance operational focus and
expand global market presence in a specialized segment.
- In June 2025, Baker Hughes
entered a joint venture with Cactus by selling a 65% stake in its surface
pressure control product line for approximately USD 344.5 million. Under this
agreement, the new entity will operate independently and focus on the
international surface wellhead and production tree market. Baker Hughes retains
a 35% share and will use the proceeds to streamline its portfolio and reallocate
capital toward higher-return areas, reinforcing its disciplined capital
approach and earnings resilience.
- In February 2025,
Baker Hughes entered a joint development and collaboration agreement with
Hanwha Power Systems and Hanwha Ocean. The deal targets the development of
small-scale turbines capable of burning 100% ammonia, aimed at marine, onshore,
and offshore power markets. The initiative builds on prior hydrogen turbine
successes and aligns with global decarbonization goals. Full-scale engine
testing is expected by 2027
Key
Market Players
- Schlumberger Limited
- Halliburton Company
- Baker Hughes Company
- Weatherford
International plc
- National Oilwell Varco,
Inc.
- NexTier Oilfield
Solutions Inc.
- TechnipFMC plc
- Liberty Energy Inc.
- Calfrac Well Services
Ltd.
- RPC, Inc. (Cudd Energy
Services)
|
By Type
|
By Component
|
By Application
|
By Region
|
- Hydraulic Fracturing
- Plug and Perf
- Sliding Sleeve
- Multistage Fracturing
- Others
|
- Packers
- Liner Hangers
- Sand Control Tools
- Valves
- Others
|
|
- North
America
- Europe
- South America
- Middle East
& Africa
- Asia Pacific
|
Report Scope:
In this report, the Global Horizontal Completions
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Horizontal Completions Market, By
Type:
o Hydraulic Fracturing
o Plug and Perf
o Sliding Sleeve
o Multistage Fracturing
o Others
- Horizontal Completions
Market, By Component:
o Packers
o Liner Hangers
o Sand Control Tools
o Valves
o Others
- Horizontal Completions
Market, By Application:
o Onshore
o Offshore
- Horizontal Completions
Market, By Region:
o North America
§
United
States
§
Canada
§
Mexico
o Europe
§
Germany
§
France
§
United
Kingdom
§
Italy
§
Spain
o South America
§
Brazil
§
Argentina
§
Colombia
o Asia-Pacific
§
China
§
India
§
Japan
§
South
Korea
§
Australia
o Middle East & Africa
§
Saudi
Arabia
§
UAE
§
South
Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Horizontal Completions Market.
Available Customizations:
Global Horizontal Completions Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
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profiling of additional market players (up to five).
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