Market Overview on Downhole Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Downhole Tools Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Downhole tools include drilling jars, roller centralizers, drag friction, drill-pipes, fishing tools, shock tools and tubular tools among others. These tools are used in various applications such as oil and gas production, well drilling, well completion and well interventions. The adoption of downhole tools is increasingly seen in well intervention activities due to increasing drilling activities in countries such as U.S and Mexico. In these activities a number of downhole tools used. Some examples of tools used in well intervention include fishing tools, wire-line tools and tubing tools among others.

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Downhole tools are used in BHA (bottom hole assembly) for work-over and completion operations. BHA is selected depending on the formation characteristics of the reservoir. These tools reduce the cost associated with the oil recovery activities and ensure increased oil production. Various operations for which downhole tools are used include casing, fishing, well-bottom communication, cementing, drilling, fracturing, logging and well measurements. These tools are mostly used in very extreme conditions such as high pressure and temperature. Increasing drilling activities in countries such as U.S, Mexico and Germany is driving the growth of downhole tools market. In addition growing shale exploration activities and offshore exploration in North America and Europe is expected to fuel the growth of this market over the forecast period.

The global downhole tools market can be segmented based on its types and applications. Depending on the types, the downhole...