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Downhole Tools Market Estimated to Reach $4.21 Billion by 2019 - New Report by MarketsandMarkets
Date:8/18/2014

(PRWEB) August 18, 2014

The report "Downhole Tools Market by Types (Flow & Pressure Control Tools, Drilling Tools, Impurity Control Tools, Downhole Control System and Handling Tools), Application (Well Drilling, Well Completion, Well Intervention, Formation & Evaluation and Oil & Gas Production) & Geography - Global Trends & Forecast to 2019", defines and segments the global Downhole Tools Market with an analysis and forecast of the revenue. The Downhole Tools Market will grow from an estimated $2.79 Billion in 2014 to $4.21 Billion by 2019 with a CAGR of 8.5% from 2014 to 2019.

Browse 71 market data tables with 40 figures spread through 180 pages and in-depth TOC on "Downhole Tools Market - Global Trends & Forecast to 2019".
http://www.marketsandmarkets.com/Market-Reports/downhole-tools-market-156563592.html

Early buyers will receive 10% customization on this report.
http://www.marketsandmarkets.com/requestCustomization.asp?id=156563592

The rapidly growing demand for downhole tools is driven by new offshore discoveries around the globe and the depletion of the conventional fossil reserves that has shifted to the demand to other sources like shale/tight oil and gas. Downhole tools are continuously improved and upgraded so as to meet the environmental regulations and to cater the demand of the industry trends.

The recent developments in the downhole tools market are very encouraging, with many new product developments as a major strategy for m
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