The oilfield services market is expected to grow at a
CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 billion
by 2022. Increasing shale gas production, growing global E&P spending, and
lifting of Iranian oil export sanctions are the major drivers of the oilfield
services market.
The oilfield services market is dominated by a few major
players that have a wide regional presence and are established brand names.
Leading players in the oilfield services market, such as 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.), have either acquired regional companies or
made a joint venture with the ones operating in the oilfield services market to
bolster their product portfolio and to enhance their global reach.
Browse 86 Market
Data Tables and 113 Figures spread through 248 Pages and in-depth TOC
on"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"
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Report@ https://www.marketsandmarkets.com/Market-Reports/oilfield-services-market-263907746.html
Key Questions
·
How is the current oil price scenario
affecting the oilfield services market and what is your view on how the market
is expected to perform in the coming years?
·
What are the upcoming technologies that will
have a significant impact on the market in the future?
·
What will be the revenue pockets for the
market in the next 5 years?
·
Kindly validate the drivers, restraints,
opportunities, and challenges of the oilfield services market, and let me know
if I am missing anything?
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With regard to
the application segment, the offshore segment is expected to constitute the
fastest growing market from 2017 to 2022. In terms of market size, the onshore
segment would dominate the oilfield services market. Onshore application are
quite famous in the Middle East and North America, where maximum number of
oilfields are located onshore.
The report
segments the oilfield services market, based on services type, into pressure
pumping services, OCTG services, wireline services, well completion equipment
and services, well intervention services, drilling and completion fluids
services, drilling waste management services, and coiled tubing services. The
pressure pumping services would account for the maximum share in the oilfield
services market. This particular market is expected to grow in the future as a
result of shale gas exploration and production activities in North America.
Moreover, Asia-Pacific and Africa also present opportunities as offshore
exploration activities are on rise in these regions.
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The market in
Asia-Pacific is estimated to be the fastest growing market for oilfield
services from 2017 to 2022. Increasing offshore exploration activities and
shale gas exploration, especially in China and India are driving the demand for
oilfield
services market in this region. The growing need for oil & gas and the
continuing efforts to find new oil & gas reserves are also expected to spur
the growth of the market and represents a promising opportunity for major
oilfield services providers.
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
