Oilfield Equipment Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market research report, Oilfield Equipment is defined as tools and equipment used by construction industry in the oilfields. These equipment include solids control equipment, well control equipment, on-shore and off-shore drilling rig, drilling rig components and oilfields truck and machinery. The oilfield equipment is large and is also expensive. The engineers employed in the oilfields need to have access to information about this equipment to be able to plan and manage their expedition in the oil fields. The oilfield equipment needs to be maintained and its repair costs are high. Oilfield equipment are necessary to have efficient extraction of oil from the oilfields.
Oilfield Equipment Market Growth and Trends
Oilfield Equipment Market Regional Analysis
Increasing crude yielding activities across the globe with rising prices in the oil industry is expected to drive the oil-field equipment market worldwide. North America comes out to be the leading segment in the market owing to shale gas developments while the Middle Eastern region is expected to grow its market girth with the huge demand for this equipment and development of crude oil and natural gas extraction in the region. The Asia Pacific region thrives to grow exponentially in the market owing to increasing oil exploration and field development activities in the region. Also, Europe is expected to expand its market size with substantial oilfield development and unconventional reserves aggravated with the high adoption rate of mud cap drilling technology in the region.
Oilfield Equipment Market Share and Competition
Key companies operating in this industry are: Schlumberger, Baker Hughes, National Oilwell Varco, Weatherford International, Halliburton, Cameron, Aker Solutions and Transocean.
Oilfield Equipment Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Drilling Equipment
• Pumps & Valves
• Field Production Machinery
• Others
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Onshore
• Offshore
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Oilfield Equipment Market Companies
• Schlumberger
• Baker Hughes
• National Oilwell Varco
• Weatherford International
• Halliburton
• Cameron
• Aker Solutions
• Transocean
Available Versions:-
United States Oilfield Equipment Market Research Report
Europe Oilfield Equipment Market Research Report
Asia Pacific Oilfield Equipment Market Research Report
India Oilfield Equipment Market Research Report
