“Smart well” or “Intelligent well” is used to signify that some degree of direct monitoring and remote control equipment is fitted within the oil well. An intelligent well has the following characteristics: It can analyze, collect, and transmit well-bore production and  reservoir and completion integrity data. Such a system also allows operators to control reservoirs, wells, and production processes emotely.In this report, Technavio covers the present scenario and growth prospects of the global smart well market for 2017-2021. Also, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market. It also examines key emerging trends and their impact on current and future market scenarios.One of the integral components of any market estimate and analysis pertains to the definition of the estimates and the exclusions. The following section of the report enlists certain key estimates which we have considered for arriving at the market trends and certain exclusions which helped demarcate the market contours. The current report covers the present scenario and future growth prospects of the global smart well market for the period 2017-2021.

PART 01: Executive summary 6

PART 02: Scope of the report 17

Market overview 17

Top-vendor offerings 19

PART 03: Market research methodology 21

Research methodology 21

Economic indicators 21

PART 04: Introduction 22

Key market highlights 22

Technological overview 23

PART 05: Market landscape 34

Market overview 34

Market size and forecast 35

Five forces analysis 37

PART 06: Market segmentation by application 38

Global smart well by application 2016-2021 38

Global smart well market by onshore 40

Global smart well market by offshore 42

PART 07: Geographical segmentation 44

Global smart well market by geography 2016-2021 44

Global smart well market in the Americas 46

Global smart well market in EMEA 49

Global smart well market in APAC 51

PART 08: Market drivers 53

Migration of drilling into unconventional areas 53

Increased use of horizontal and multilateral wells 56

Focus on reduction of non-productive time (NPT) 58

Constant demand for oil and gas 60

PART 09: Impact of drivers 61

PART 10: Market challenges 62

Decreasing investment in oil and gas industry 62

Uncertainties associated with low crude oil prices 62

Cyber security concerns 63

PART 11: Impact of drivers and challenges 65

PART 12: Market trends 66

IT integration and digitization of oil fields 66

Increase in Deepwater and ultra-Deepwater

exploration 69

Fluctuation in oil rigs 70

PART 13: Vendor landscape 71

Competitive Scenario 71

Other prominent vendors 72

PART 14: Key vendor analysis 73

Baker Hughes 73

Halliburton 75

National Oilwell Varco 78

Schlumberger 80

Weatherford International 83

PART 15: Appendix 86

List of abbreviations 86

PART 16: Explore Technavio 88