Description

This research service analyzes the global downhole tools market and segments the market by application and by type. The study has in-depth evaluation of all the downhole tools segments, including downhole tubulars, drilling tools, wellbore cleanup tools, downhole communication tools, and support tools. The study further highlights market revenue forecasts and discusses the market drivers and restraints that have stimulated the growth of the downhole tools market. The US shale gas boom and high oil and gas demand are some of the key drivers that have led to strong growth of the downhole tools market. In addition, this research assesses technological advancements and selection criteria of these tools. The base year is 2015, with the forecast period from 2016 to 2022.