Downhole Tools Market - Top Companies and Manufacturers

  • Report ID: 5022
  • Published Date: Dec 06, 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: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of skill gaming is assessed at USD 4.65 billion.

The downhole tools market size was valued at USD 4.46 billion in 2024 and is expected to reach USD 8.62 billion by 2037, registering around 5.2% CAGR during the forecast period i.e., between 2025-2037. Rising demand for oil and gas, higher production of unconventional resources, and rising advancement in tools will boost the market growth.

North America industry is anticipated to hold largest revenue share of 34% by 2037, impelled by technological advancement of machinery in the region.

The major players in the market are 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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