Global Smart Well Market Research Report Forecast till 2023

Smart well is a non-conventional advanced well with sensors, valves, and inflow control devices installed on the production tubing, which helps evaluate, and actively manage production in real-time without any well intervention. It allows continuous monitoring of fluid flow rates, pressure, and regular adjustments of downhole valves to gather and transmit information to the surface on production or fluid injection profiles. The market growth is driven by the increasing offshore drilling activities, globally. The smart well technology is being adopted due to increased demand from the emerging economies around the world. Moreover, the extended oil drilling activities of Organization of the Petroleum Exporting Countries (OPEC) has provided an opportunity to the national oil companies and independent players to enhance upstream operations.
The global demand for smart well is driven by the increasing deep-water exploration and drilling operations and the rising adoption of IoT in oil & gas industry. Moreover, increasing ultra-deepwater discoveries, across the globe, have provided an opportunity for the market growth. However, growing concerns of data privacy and cybersecurity risks and rising investments in the renewable sector might restrain the growth of smart well market. The oil & gas companies operate in a geopolitically sensitive environment, which has always been vulnerable to cybersecurity risks. As the oil & gas companies are currently deploying IoT aggressively in the energy value chain ranging from exploration to the retail; there has been a growth in the risk of data theft and cyber intrusion. The Industrial Internet of Things (IIoT) in the oil & gas industry involves the use of big data to improve operational efficiencies across the oil & gas value chain. With IIoT, costs can be slashed to some extent, and machines become loaded with sensors and are connected to one network for easy accessibility. In addition to this, renewable energy sources such as solar and wind are the most rapidly growing in terms of technology in the renewable sector, as there are technological advancements related to the improvement of energy efficiency from these sources.
For the purpose of study, the global smart well market has been segmented based on technology, component, and application. On the basis of technology, the market has further been segmented as flow control equipment, monitoring system, and data transmission system. The flow control equipment segment had the largest market size in 2018, mainly owing to its applications in regulating pressure, temperature, flow, and liquid level in the pipe. On the basis of component, the market is segmented as software and hardware. The hardware segment held the larger share of the market in 2018, mainly due to wide range of variables including pressure, temperature, and flow, in the oil well. On the basis of application, the market is segmented as onshore and offshore. The onshore segment held the larger share of the market in 2018, mainly due to the larger number of oilfields located onshore. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


1.EXECUTIVE SUMMARY
1.1.Market Attractiveness Analysis
1.1.1.Global Smart Well Market, By Technology
1.1.2.Global Smart Well Market, By Component
1.1.3.Global Smart Well Market, By Application
1.1.4.Global Smart Well Market, By Region
2.MARKET INTRODUCTION
2.1.Market Definition
2.2.Scope of the Study
2.3.Market Structure
3.RESEARCH METHODOLOGY
3.1.Research Process
3.2.Primary Research
3.3.Secondary Research
3.4.Market Size Estimation
3.5.Forecast Model
3.6.List of Assumptions
3.7.Limitations of the Study
4.MARKET INSIGHTS
5.MARKET DYNAMICS
5.1.Introduction
5.2.Drivers
5.2.1.Increasing Deepwater Exploration and Drilling Operations
5.2.2.Increasing Adoption of IoT in Oil & Gas Industry
5.2.3.Driver Impact Analysis
5.3.Restraints
5.3.1.Growing Concerns of Data Privacy and Cybersecurity Risks
5.3.2.Rising Investment in the Renewable Sector
5.3.3.Restraints Impact Analysis
5.4.Opportunities
5.4.1.Increasing Ultra-Deepwater Discoveries
6.MARKET FACTOR ANALYSIS
6.1.Value Chain Analysis
6.1.1.Raw Material Supply
6.1.2.Manufacturer
6.1.3.Distribution
6.1.4.End-Use
6.2.Porters Five Forces Analysis
6.2.1.Threat of New Entrants
6.2.2.Bargaining Power of Buyers
6.2.3.Threat of Substitutes
6.2.4.Competitive Rivalry
6.2.5.Bargaining Power of Suppliers
7.GLOBAL SMART WELL MARKET, BY TECHNOLOGY
7.1.Introduction
7.2.Flow Control Equipment
7.2.1.Market Estimates & Forecast, by Region, 2018-2023
7.3.Monitoring System
7.3.1.1.Market Estimates & Forecast, by Region, 2018-2023
7.4.Data Transmission System
7.4.1.1.Market Estimates & Forecast, by Region, 2018-2023
8.GLOBAL SMART WELL MARKET, BY COMPONENT
8.1.Introduction
8.2.Software
8.2.1.Market Estimates & Forecast, by Region, 2018-2023
8.3.Hardware
8.3.1.1.Market Estimates & Forecast, by Region, 2018-2023
9.GLOBAL SMART WELL MARKET, BY APPLICATION
9.1.Introduction
9.2.Onshore
9.2.1.Market Estimates & Forecast, by Region, 2018-2023
9.3.Offshore
9.3.1.Market Estimates & Forecast, by Region, 2018-2023
10.GLOBAL SMART WELL MARKET, BY REGION
10.1.Introduction
10.2.North America
10.2.1.US
10.2.2.Canada
10.2.3.Mexico
10.3.Europe
10.3.1.UK
10.3.2.Russia
10.3.3.Norway
10.3.4.Germany
10.3.5.Rest of Europe
10.4.Asia-Pacific
10.4.1.China
10.4.2.Japan
10.4.3.India
10.4.4.Indonesia
10.4.5.Rest of Asia-Pacific
10.5.Middle East & Africa
10.5.1.Saudi Arabia
10.5.2.UAE
10.5.3.Oman
10.5.4.Egypt
10.5.5.Rest of the Middle East & Africa
10.6.South America
10.6.1.Brazil
10.6.2.Argentina
10.6.3.Rest of South America
11.COMPETITIVE LANDSCAPE
11.1.Competitive Overview
11.2.Competitor Dashboard
11.3.Major Growth Strategy in the Global Smart Well Market
11.4.Competitive Benchmarking
11.5.Market Share Analysis
11.6.XX: The Leading Player in terms of Number of Developments in Global Smart Well Market
11.7.Key Developments & Growth Strategies
11.7.1.New Product Development
11.7.2.Mergers & Acquisitions
11.7.3.Contracts & Agreements
11.7.4.Expansions & Investments
12.COMPANY PROFILES
12.1.Weatherford
12.1.1.Company Overview
12.1.2.Product/Services Offering
12.1.3.Financial Overview
12.1.4.Key Developments
12.1.5.Strategy
12.1.6.SWOT Analysis
12.2.Nabors Industries Ltd.
12.2.1.Company Overview
12.2.2.Product/Services Offering
12.2.3.Financial Overview
12.2.4.Key Developments
12.2.5.Strategy
12.2.6.SWOT Analysis
12.3.Salym Petroleum Development N.V.
12.3.1.Company Overview
12.3.2.Product/Services Offering
12.3.3.Financial Overview
12.3.4.Key Developments
12.3.5.Strategy
12.3.6.SWOT Analysis
12.4.Novomet
12.4.1.Company Overview
12.4.2.Product/Services Offering
12.4.3.Financial Overview
12.4.4.Key Developments
12.4.5.Strategy
12.4.6.SWOT Analysis
12.5.Halliburton
12.5.1.Company Overview
12.5.2.Product/Services Offering
12.5.3.Financial Overview
12.5.4.Key Developments
12.5.5.Strategy
12.5.6.SWOT Analysis
12.6.Schlumberger Limited
12.6.1.Company Overview
12.6.2.Product/Services Offering
12.6.3.Financial Overview
12.6.4.Key Developments
12.6.5.Strategy
12.7.L&T Technology Services Limited
12.7.1.Company Overview
12.7.2.Product/Services Offering
12.7.3.Financial Overview
12.7.4.Key Developments
12.7.5.Strategy
12.8.Intech Process Automation Inc
12.8.1.Company Overview
12.8.2.Product/Services Offering
12.8.3.Financial Overview
12.8.4.Key Developments
12.8.5.Strategy
12.9.Rockwell Automation Inc
12.9.1.Company Overview
12.9.2.Product/Services Offering
12.9.3.Financial Overview
12.9.4.Key Developments
12.9.5.Strategy
12.10.Emerson Electric Co
12.10.1.Company Overview
12.10.2.Product/Services Offering
12.10.3.Financial Overview
12.10.4.Key Developments
12.10.5.Strategy
12.11.ABB
12.11.1.Company Overview
12.11.2.Product/Services Offering
12.11.3.Financial Overview
12.11.4.Key Developments
12.11.5.Strategy
12.12.Baker Hughes, A GE Company
12.12.1.Company Overview
12.12.2.Product/Services Offering
12.12.3.Financial Overview
12.12.4.Key Developments
12.12.5.Strategy
13.APPENDIX
13.1.References
13.2.List of Abbreviation

List Of Tables



TABLE 1LIST OF ASSUMPTIONS
TABLE 2TABLE 1: SHALE GAS PRODUCTION BY COUNTRY, 2015
TABLE 3TECHNOLOGY MARKET ESTIMATES & FORECAST, BY REGION, 20182023 (USD MILLION)
TABLE 4APPLICATION MARKET ESTIMATES & FORECAST, BY REGION, 20182023 (USD MILLION)
TABLE 5GLOBAL SMART WELL MARKET, BY REGION, 20162023 (USD MILLION)
TABLE 6NORTH AMERICA: SMART WELL MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 7NORTH AMERICA: SMART WELL MARKET, BY TECHNOLOGY, 20162023 (USD MILLION)
TABLE 8NORTH AMERICA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 9US: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 10CANADA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 11MEXICO: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 12EUROPE: SMART WELL MARKET, BY COUNTRY, 2014-2023 (USD MILLION)
TABLE 13EUROPE: SMART WELL MARKET, BY TECHNOLOGY, 20162023 (USD MILLION)
TABLE 14EUROPE: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 15UK: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 16RUSSIA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 17NORWAY: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 18REST OF EUROPE: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 19ASIA-PACIFIC: SMART WELL MARKET, BY COUNTRY, 2014-2023 (USD MILLION)
TABLE 20ASIA-PACIFIC: SMART WELL MARKET, BY TECHNOLOGY, 20162023 (USD MILLION)
TABLE 21ASIA-PACIFIC: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 22CHINA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 23INDIA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 24INDONESIA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 25REST OF ASIA-PACIFIC: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 26MIDDLE EAST & AFRICA: SMART WELL MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 27MIDDLE EAST & AFRICA: SMART WELL MARKET, BY TECHNOLOGY, 20162023 (USD MILLION)
TABLE 28MIDDLE EAST & AFRICA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 29SAUDI ARABIA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 30UAE: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 31ALGERIA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 32REST OF MIDDLE EAST & AFRICA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 33SOUTH AMERICA: SMART WELL MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 34SOUTH AMERICA: SMART WELL MARKET, BY TECHNOLOGY, 20162023 (USD MILLION)
TABLE 35SOUTH AMERICA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 36BRAZIL: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 37ARGENTINA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 38REST OF SOUTH AMERICA: SMART WELL MARKET, BY APPLICATION, 20162023 (USD MILLION)
TABLE 39HALLIBURTON: THE MOST ACTIVE PLAYER IN THE GLOBAL SMART WELL MARKET
TABLE 40HALLIBURTON: PRODUCT OFFERING
TABLE 41HALLIBURTON: KEY DEVELOPMENTS
TABLE 42WEATHERFORD: PRODUCT OFFERING
TABLE 43WEATHERFORD: KEY DEVELOPMENTS
TABLE 44BAKER HUGHES, A GE COMPANY LLC: PRODUCT OFFERING
TABLE 45BAKER HUGHES, A GE COMPANY LLC: KEY DEVELOPMENTS
TABLE 46NABORS INDUSTRIES LTD: PRODUCT OFFERING
TABLE 47NABORS INDUSTRIES LTD: KEY DEVELOPMENTS
TABLE 48SALYM PETROLEUM DEVELOPMENT N.V.: PRODUCT OFFERING
TABLE 49NOVOMET: PRODUCT OFFERING
TABLE 50SCHLUMBERGER LIMITED: PRODUCT OFFERING
TABLE 51L&T TECHNOLOGY SERVICES LIMITED: PRODUCT OFFERING
TABLE 52INTECH PROCESS AUTOMATION: PRODUCT OFFERING
TABLE 53ROCKWELL AUTOMATION: PRODUCT OFFERING
TABLE 54ROCKWELL AUTOMATION: KEY DEVELOPMENTS
TABLE 55EMERSON ELECTRIC CO.: PRODUCT OFFERING

List Of Figures



FIGURE 1MARKET SYNOPSIS
FIGURE 2MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SMART WELL MARKET
FIGURE 3GLOBAL SMART WELL MARKET ANALYSIS BY TECHNOLOGY
FIGURE 4GLOBAL SMART WELL MARKET ANALYSIS BY COMPONENT
FIGURE 5GLOBAL SMART WELL MARKET ANALYSIS BY APPLICATION
FIGURE 6GLOBAL SMART WELL MARKET ANALYSIS BY REGION
FIGURE 7GLOBAL SMART WELL MARKET: MARKET STRUCTURE
FIGURE 8KEY BUYING CRITERIA OF SMART WELL
FIGURE 9RESEARCH PROCESS OF MRFR
FIGURE 10TOP DOWN & BOTTOM UP APPROACH
FIGURE 11NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 12EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 13ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 14MIDDLE EAST & AFRICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 15SOUTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023)
FIGURE 16DROC ANALYSIS OF GLOBAL SMART WELL MARKET
FIGURE 17DRIVERS IMPACT ANALYSIS: SMART WELL MARKET
FIGURE 18RESTRAINTS IMPACT ANALYSIS: SMART WELL MARKET
FIGURE 19PORTERS FIVE FORCES ANALYSIS OF THE GLOBAL SMART WELL MARKET
FIGURE 20VALUE CHAIN: GLOBAL SMART WELL MARKET
FIGURE 21GLOBAL SMART WELL MARKET, BY TECHNOLOGY, 2017 (% SHARE)
FIGURE 22GLOBAL SMART WELL MARKET, BY TECHNOLOGY, 2016 TO 2023 (USD MILLION)
FIGURE 23GLOBAL SMART WELL MARKET, BY COMPONENT, 2017 (% SHARE)
FIGURE 24GLOBAL SMART WELL MARKET, BY COMPONENT, 2016 TO 2023 (USD MILLION)
FIGURE 25GLOBAL SMART WELL MARKET, BY APPLICATION, 2017 (% SHARE)
FIGURE 26GLOBAL SMART WELL MARKET, BY APPLICATION, 2016 TO 2023 (USD MILLION)
FIGURE 27GLOBAL SMART WELL MARKET, BY REGION, 2016 TO 2023 (USD MILLION)
FIGURE 28NORTH AMERICA: SMART WELL MARKET SHARE, BY COUNTRY, 2017 (% SHARE)
FIGURE 29EUROPE: SMART WELL MARKET SHARE, BY COUNTRY, 2017 (% SHARE)
FIGURE 30ASIA-PACIFIC: SMART WELL MARKET SHARE, BY COUNTRY, 2017 (% SHARE)
FIGURE 31MIDDLE EAST & AFRICA: SMART WELL MARKET SHARE, BY COUNTRY, 2017 (% SHARE)
FIGURE 32SOUTH AMERICA: SMART WELL MARKET SHARE, BY COUNTRY, 2017 (% SHARE)
FIGURE 33COMPETITOR DASHBOARD: GLOBAL SMART WELL MARKET
FIGURE 34PRODUCT DEVELOPMENT: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN GLOBAL SMART WELL MARKET
FIGURE 35BENCHMARKING OF MAJOR COMPETITORS
FIGURE 36MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2017
FIGURE 37SCHLUMBERGER LIMITED: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 38SCHLUMBERGER LIMITED: SWOT ANALYSIS
FIGURE 39WEATHERFORD: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (20152018)
FIGURE 40WEATHERFORD: SWOT ANALYSIS
FIGURE 41NABORS INDUSTRIES LTD.: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (20152018)
FIGURE 42NABORS INDUSTRIES LTD.: SWOT ANALYSIS
FIGURE 43HALLIBURTON: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20152018)
FIGURE 44HALLIBURTON: SWOT ANALYSIS
FIGURE 45SCHLUMBERGER LIMITED: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20152018)
FIGURE 46SCHLUMBERGER LIMITED: SWOT ANALYSIS
FIGURE 47L&T TECHNOLOGY SERVICES LIMITED: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20152018)
FIGURE 48L&T TECHNOLOGY SERVICES LIMITED: SWOT ANALYSIS
FIGURE 49INTECH PROCESS AUTOMATION INC.: SWOT ANALYSIS
FIGURE 50ROCKWELL AUTOMATION: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20152018)
FIGURE 51ROCKWELL AUTOMATION: SWOT ANALYSIS
FIGURE 52EMERSON ELECTRIC CO.: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20152018)
FIGURE 53EMERSON ELECTRIC CO.: SWOT ANALYSIS
FIGURE 54ABB: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20152018)
FIGURE 55ABB: SWOT ANALYSIS
FIGURE 56BAKER HUGHES, A GE COMPANY: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHIC REVENUE (20162018)
FIGURE 57BAKER HUGHES, A GE COMPANY: SWOT ANALYSIS

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