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Downhole Tools Market - Top Companies and Manufacturers

  • Report ID: 5022
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Top Featured Companies Dominating the Downhole Tools Landscape

    • Aker Solutions ASA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AKITA Drilling Ltd.
    • Archer Ltd.
    • Baker Hughes Co.
    • Dril Quip Inc.
    • Halliburton Energy Services, Inc.
    • Hunting Plc
    • Innovex
    • NexTier Oilfield Services Inc.
    • Tryton Tool Services Ltd.
Browse Key Market Insights with Data Illustration:

In the News

  • Aker Solutions ASA announced the collaboration with Drill-Quip, Inc. The subsidiaries of both companies together will offer large subsea injection systems for the injection and storage of carbon dioxide.
  • Baker Hughes announced the acquisition of Altus Intervention, a leading provider of down-hole oil and gas technology and well intervention services. Baker Hughes' existing offering of oilfield technologies and integrated solutions will be expanded by 11 countries where Altus previously operated.

Author Credits:  Dhruv Bhatia


  • Report ID: 5022
  • Published Date: Jun 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of downhole tools is assessed at USD 4.42 Billion.

The downhole tools market size was valued at USD 4.21 Billion in 2023 and is expected to exceed USD 8.24 Billion by 2036, expanding at over 5.3% CAGR during the forecast period i.e., between 2024-2036. Rising demand for oil and gas, higher production of unconventional resources, and rising advancement in tools are the major factors driving the market growth.

Asia Pacific industry is estimated to hold nearly 27% of the revenue share by 2036, impelled by rising investment in drilling and services in the region.

Aker Solutions ASA, AKITA Drilling Ltd., Archer Ltd., Baker Hughes Co., Dril Quip Inc., Halliburton Energy Services, Inc., Hunting Plc, Innovex, NexTier Oilfield Services Inc.
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