Oct 18, 2017   SOURCE: BusinessWire

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

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.

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Technavio has published a new report on the global sliding sleeves market from 2017-2021. (Graphic: ...

Technavio has published a new report on the global sliding sleeves market from 2017-2021. (Graphic: Business Wire)

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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