Global Oilfield Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global oilfield services market in its upcoming report titled, “Global Oilfield Services Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global oilfield services market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global oilfield services market report has been segmented on the basis of application, service, type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Oil & gas exploration and production (E&P) activities are complex processes and need sophisticated technology and equipment. Companies offer infrastructure, services, equipment’s, and intellectual property which helps in extracting, exploring, and transporting oil & gas to refineries.
Increasing demand for energy and technological developments in oilfield are key factors expected to drive growth of the global market over the forecast period. In addition, rising productivity from mature and new reserves, and increasing investment in deep-water and ultra-deep-water exploration projects are other factors expected to further fuel growth of the target market. Furthermore, increasing consumption of oil and gas resources is another factor expected to boost growth of the target market in the near future.
Ongoing trend observed in the target market is technological advancements and introduction of laser drilling techniques in oil and gas industry, owing to benefits such as high ROP, accuracy, precision drilling, single diameter borehole, etc.
Increasing investments in research & development activities for production of innovative products is expected to create potential revenue opportunities for players operating in the target market.
The market in North America dominates the target market in terms of revenue over the forecast period, owing to increasing oil and gas exploration activities, rising oil and gas production from oil sands in various countries in the region. The market in Asia Pacific expected to account for significant share in terms of revenue over the forecast period, owing to increasing investment in oil & gas industry by government, increasing demand for oil & gas, and growing urbanization in various countries in the region.
Global oilfield services market segmentation:
Segmentation by application:
Segmentation by service:
- Workover & completion services
- Drilling services
- Subsea services
- Seismic services
- Processing & separation services
Segmentation by type:
- Equipment rental
- Field operation
- Analytical & consulting services
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Baker Hughes Inc.
- Halliburton Company
- Schlumberger Limited
- Weatherford International PLC
- Superior Energy Services Inc.
- National Oilwell Varco, Inc.
- China Oilfield Services Limited (COSL)
- Archer Ltd.
- Expro International Group Holdings Limited
- GE Oil & Gas Inc.
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