Top 5 Vendors in the Global Sliding Sleeves Market From 2017 to 2021 | Technavio

October 18, 2017

LONDON–(BUSINESS WIRE)–#OilandGas—Technavio
has announced the top five leading vendors in their recent global
sliding sleeves market report. This research report also
lists 30 other prominent vendors that are expected to impact the market
during the forecast period.

The global sliding
sleeves market is expected to grow moderately during the forecast
period. Sliding sleeves are used during well completion activities
primarily for selective zone production. The rise in global oil and gas
demand has been the major driver of the market and will continue to do
so during the forecast period. The slump in crude oil prices has
affected the upstream industry significantly while benefitting the
downstream industry.

The upstream oil and gas industry is expected to gain momentum during
the forecast period supported by new government policies on exploration
and production and the stabilization of global crude oil prices. This is
expected to drive the global sliding sleeves market. With the increasing
energy demand globally, there is a need for more exploration and
production (E&P) activities. In addition, the introduction of
unconventional sources of oil and gas such as shale gas and tight oil
has resulted in the growth of drilling activities.

Competitive vendor landscape

The drilling and completion activities are the core pillars of the
upstream oil and gas sector. Therefore, the investment outlook for the
drilling sector is dependent on the overall state of the entire oil and
gas value chain. The fall in crude oil prices in mid-2014 greatly
affected the profitability of the upstream oil and gas companies,
thereby drying up a significant portion of the investments in the
drilling operations for new resources.

“The recent downturn has forced the upstream players to cut
investments. This has affected the drilling industry and all the related
investments. The long-term survival in the market is highly contingent
upon the business decisions taken in the current timeframe. The
selection criteria for choosing a particular type of drilling fluid
significantly depends on the cost, environmental impact, and technical
performance,” says Thanikachalam Chandrasekaran, a lead oil
and gas research analyst from Technavio.

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Top five sliding sleeves market vendors

Baker Hughes

Baker Hughes, a General Electric company, is a US-based service
provider. The company offers oil field services, technology, products,
and systems that are used in the oil and gas industry. It is also
involved in providing services and products for the midstream and
downstream sectors.

Halliburton

Halliburton is one of the world's leading oil and gas service provider
companies providing expert services and solutions for the exploration,
development, and production of oil and natural gas. The company serves
the major oil and natural gas companies worldwide in the upstream sector.

National Oilwell Varco

National Oilwell Varco offers components and equipment used in the oil
and gas drilling industry. The company operates its business through
three segments: rig systems, completion and production solutions, and
wellbore technologies.

NCS Multistage

NCS Multistage is a technology and service company providing services
for multi-stage completions in oil and gas wells. The company offers
products and services to exploration and production (E&P) companies for
application in onshore wells, majorly horizontal wells in unconventional
oil and gas formations.

Schlumberger

Schlumberger, which comprises of numerous business units, is an oil
field services company that offers a varied range of services, including
formation evaluation, seismic surveys, drilling technologies and
equipment, cementing, well construction and completion, and project
management.

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