Boston, MA -- (SBWIRE) -- 03/02/2017 -- The global smart well market is expected to witness significant growth during the forecast period. The growth of the market is mainly attributed to the increasing demand for oil and gas across the globe. The development of this market is dependent on the efficiency of the smart well, advancement in equipment technology and the increase in investments by market vendors. The growth of smart well market is directly linked to the growth in drilling and completion activities across the globe.

Technavio's analysts forecast the global smart well market to grow at a CAGR of 4.48% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart well market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

Get More Details on this Report and a Full Table of Contents at Global Smart Well Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Smart Well Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Baker Hughes
-Halliburton
-National Oilwell Varco
-Schlumberger
-Weatherford International

Other prominent vendors

-Statoil
-Salym Petroleum
-Woodside Energy
-Emerson process management
-INTECH process automation
-Nabors Completion & Production Services
-RPC Inc.
-Superior Energy Services
-Trican Well Services
-Welltec International AS

Market driver

-Migration of drilling into unconventional areas.
-For a full, detailed list, view our report

Market challenge

-Decreasing investment in oil and gas industry.
-For a full, detailed list, view our report

Market trend

-Increase in Deepwater and ultra-Deepwater exploration.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford International, Statoil, Salym Petroleum, Woodside Energy, Emerson process management, INTECH process automation, Nabors Completion & Production Services, RPC Inc., Superior Energy Services, Trican Well Services, Welltec International AS

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