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Downhole Equipment Market - Top Companies and Manufacturers

  • Report ID: 3827
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Companies Dominating the Downhole Equipment Landscape

    • Schlumberger Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schoeller-Bleckmann Oilfield Equipment AG
    • Baker Hughes Company
    • Halliburton Company
    • Logan Oil Tools Inc.
    • NOV Inc.
    • American Block Manufacturing Co.
    • WV Jet Drilling, LLC
    • Scientific Drilling International
    • FMC Technologies, Inc.
Browse Key Market Insights with Data Illustration:

In the News

  • Schlumberger Limited and AVEVA announced an agreement to jointly develop advanced digital solutions for oil & gas production operations.
  • NOV Inc. announced its joint venture with Schlumberger to accelerate the adoption of automated drilling solutions in the oil and gas industry.

Author Credits:  Dhruv Bhatia


  • Report ID: 3827
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of downhole equipment is evaluated at USD 6.54 billion.

The downhole equipment market size was over USD 6.06 billion in 2024 and is poised to exceed USD 20.87 billion by the end of 2037, growing at over 9.9% CAGR during the forecast period i.e., between 2025-2037. The growing oil production and the expanding onshore and offshore exploration owing to increasing demand for hydrocarbons and shale gas will boost the market growth.

North America industry is expected to be the largest with a share of about 32% by 2037, backed by increasing investment in oilfields in the U.S. and Canada.

The major players in the market include Schlumberger Limited, Schoeller-Bleckmann Oilfield Equipment AG, Baker Hughes Company, Halliburton Company, Logan Oil Tools Inc., NOV Inc., American Block Manufacturing Co., WV Jet Drilling, LLC, Scientific Drilling International, FMC Technologies, Inc.
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