Oilfield Services Market Revenue to Hit $125.51 Billion by 2022
The global market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.
(EMAILWIRE.COM, January 10, 2018 ) The report "Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to 2022", The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022.
Browse 83 market data tables and 111 figures spread through 260 pages and in-depth TOC on "Oilfield Services Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
The onshore segment is expected to hold the largest share of the oilfield services market, by application, during the forecast period.
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The onshore sub-segment, within the application segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the offshore segment is expected to grow at the fastest rate during the forecast period. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas. This would ultimately create new revenue pockets for the oilfield services market during the forecast period. Oilfield services plays a critical role in challenging environmental conditions such as HPHT and unconventional reservoirs.
Objectives of the Study -
• To define, describe, and forecast the global oilfield services market by application, services, and region
• To provide detailed information regarding major factors influencing the growth of the oilfield services market (drivers, restraints, opportunities, and industry-specific challenges related to the market)
• To strategically analyze the oilfield services market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
• To forecast the market size of segments with respect to six major regions (along with countries), namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa
• To strategically profile key players and comprehensively analyze their market shares and core competencies for the oilfield services market
• To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the oilfield services market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global oilfield services market. Primary sources are mainly industry experts from core and related industries, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.
• Study of the annual revenue and market developments of major players providing oilfield services
• Analysis of major applications and demand for oilfield services from oilfield operators
• Assessment of future trends and growth of oilfield services
• Assessment of the oilfield services market with respect to the demand for each type of oilfield services used for different applications
• Analysis of market trends in various regions or countries by studying the application of oilfield services in various end-users
• Study of contracts & developments related to oilfield services by key players across different regions
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing oilfield services across the globe
The pressure pumping services oilfield services sub-segment, within the services segment, is expected to hold the largest share of the oilfield services market during the forecast period.
The pressure pumping services oilfield sub-segment, within the services segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the well completion equipment and services segment is expected to grow at the fastest rate during the forecast period. Pressure pumping oilfield services are used for applications such as well cementing and stimulation. Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services. Countries such as the U.S. and China are expected to drive the market demand, mostly because of the ongoing shale boom.
North America: The leading market for oilfield services
In this report, the oilfield services market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market in North America is expected to dominate the global oilfield services market, given increased oil & gas exploration activities, especially in the U.S. The production of oil & gas from oil sands, tight gas, and natural gas from coal, in Canada, combined with shale gas activities in the U.S., would drive the oilfield services market in North America.
Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=263907746
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the oilfield services market. These players include Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), and GE Oil & Gas (U.K.). The leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
Browse 83 market data tables and 111 figures spread through 260 pages and in-depth TOC on "Oilfield Services Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
The onshore segment is expected to hold the largest share of the oilfield services market, by application, during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=263907746
The onshore sub-segment, within the application segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the offshore segment is expected to grow at the fastest rate during the forecast period. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas. This would ultimately create new revenue pockets for the oilfield services market during the forecast period. Oilfield services plays a critical role in challenging environmental conditions such as HPHT and unconventional reservoirs.
Objectives of the Study -
• To define, describe, and forecast the global oilfield services market by application, services, and region
• To provide detailed information regarding major factors influencing the growth of the oilfield services market (drivers, restraints, opportunities, and industry-specific challenges related to the market)
• To strategically analyze the oilfield services market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
• To forecast the market size of segments with respect to six major regions (along with countries), namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa
• To strategically profile key players and comprehensively analyze their market shares and core competencies for the oilfield services market
• To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the oilfield services market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global oilfield services market. Primary sources are mainly industry experts from core and related industries, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.
• Study of the annual revenue and market developments of major players providing oilfield services
• Analysis of major applications and demand for oilfield services from oilfield operators
• Assessment of future trends and growth of oilfield services
• Assessment of the oilfield services market with respect to the demand for each type of oilfield services used for different applications
• Analysis of market trends in various regions or countries by studying the application of oilfield services in various end-users
• Study of contracts & developments related to oilfield services by key players across different regions
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing oilfield services across the globe
The pressure pumping services oilfield services sub-segment, within the services segment, is expected to hold the largest share of the oilfield services market during the forecast period.
The pressure pumping services oilfield sub-segment, within the services segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the well completion equipment and services segment is expected to grow at the fastest rate during the forecast period. Pressure pumping oilfield services are used for applications such as well cementing and stimulation. Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services. Countries such as the U.S. and China are expected to drive the market demand, mostly because of the ongoing shale boom.
North America: The leading market for oilfield services
In this report, the oilfield services market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market in North America is expected to dominate the global oilfield services market, given increased oil & gas exploration activities, especially in the U.S. The production of oil & gas from oil sands, tight gas, and natural gas from coal, in Canada, combined with shale gas activities in the U.S., would drive the oilfield services market in North America.
Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=263907746
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the oilfield services market. These players include Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), and GE Oil & Gas (U.K.). The leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results