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Report overview
The global Oil Field Equipment market was valued at US$ 101.3 million in 2022 and is projected to reach US$ 126.8 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Crude oil prices have eased in the past few months and are enough to support the demand for oilfield equipment in the industry. However, the impact of rise in prices have not been universal, with latest development suggesting a surge in the US onshore output (mainly from the shale reserve) and comparatively less activity elsewhere, especially in offshore. The decline in crude oil prices has forced the oil & gas companies to invest in technology to reduce the breakeven prices and change their strategy, which has helped several marginal projects to become viable. As the crude oil prices are increasing and has already crossed USD 70 per barrel mark in May 2018, the upstream investment is expected to grow significantly and bring several projects online, thereby, driving the market.
This report aims to provide a comprehensive presentation of the global market for Oil Field Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oil Field Equipment. This report contains market size and forecasts of Oil Field Equipment in global, including the following market information:
Growth in oil and gas investment is expected to be especially strong in developing regions, where improving infrastructure will contribute to more drilling activity. The discovery of new reserves and the depletion of existing ones have led to new extraction techniques and increased complexity of drilling, raising the costs of production.
We surveyed the Oil Field Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oil Field Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Oil Field Equipment Market Segment Percentages, by Type, 2022 (%)
Drilling Equipment
Field Production Machinery
Pumps & Valves
Global Oil Field Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Oil Field Equipment Market Segment Percentages, by Application, 2022 (%)
Onshore
Offshore
Global Oil Field Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Oil Field Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oil Field Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Oil Field Equipment revenues share in global market, 2022 (%)
Key companies Oil Field Equipment sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Oil Field Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
GE Oil And Gas
Weatherford International
Schlumberger
Superior Energy Services
Pioneer Energy Services
C&J Energy Services
Schlumberger
Halliburton
National Oilwell Varco
Basic Energy Services
Expro International
Wireline Engineering
Oilserv
SBS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Oil Field Equipment, market overview.
Chapter 2: Global Oil Field Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Oil Field Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Oil Field Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Oil Field Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
