Global Oilfield Services Market: Top Industry Players Includes Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International, Superior Energy Services, GE Oil & Gas

According to the new market research 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”, published by MarketsandMarkets™,  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. 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.

Browse and in-depth TOC on "Oilfield Services Market"

86 - Tables

113 - Figures

248 – Pages

Don’t miss out on business opportunities in Oilfield Services Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownload.asp?id=263907746

Increasing oil & gas production activities to drive the global oilfield services market close to USD 125 billion by 2022

Global crude oil production stood at 98.24 million barrels per day in 2017 and is projected to rise to 99.90 million barrels per day by 2018 according to EIA. The global natural gas production is expected to increase from 342 billion cubic feet per day to 554 billion cubic feet per day by 2040. By 2040, shale gas is expected to account for more than 30% of the world’s natural gas production. The ever-increasing demand for fossil-based resources continues to influence the demand growth for new reserves and drilling activities across the world. These increasing drilling activities drive the demand growth for oilfield services.

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Reports/oilfield-services-market-263907746.html

Leading oilfield service providers are developing sustainable and innovative solutions for enhancing the efficiency of various operations in the oilfield services market to drive the industry forward

Onshore 

Onshore applications are highly popular in the Middle East and North America, especially in countries such as Saudi Arabia, Kuwait, the U.S., and Canada, where the maximum number of oilfields are located onshore. As per Baker Hughes’ International Rig Count, as of April 2017, the number of onshore rotary rigs globally was 1,693 compared with 218 offshore rigs. Moreover, the onshore environment in regions, such as Europe and North America has witnessed a technology-driven revolution. The Middle Eastern and North American regions are currently the world’s largest crude oil producer, as most of the oilfields in these regions are located onshore. The increasing production activities are likely to boost the oilfield services market during the forecast period.

Offshore

Activities in offshore oilfield environments are comparatively more complex than onshore oil & gas fields. Offshore activities require advanced technologies, making the offshore market a capital-intensive segment. Further, the cost of oilfield services at offshore fields is much higher than onshore oil or gas wells. The increasing growth rate is fueled by new exploration & production activities being carried out in offshore areas.

Request Sample Copy @  https://www.marketsandmarkets.com/requestsample.asp?id=263907746

The fluctuating crude oil prices are the major restraints for the market.

The oil & gas industry is susceptible to crude oil price fluctuations affecting the demand for oil as well all its related markets. The competition between the U.S. and the OPEC countries, particularly because of the shale gas revolution, has been one of the factors for the oil price plunge in the recent years. The crude oil prices plummeted to less than USD 30 a barrel in February 2016 after having seen a peak of over USD 110 a barrel in September 2013. From July 2014, prices fell sharply and continued to be at lower level causing sharp CAPEX cuts in 2015, and 2016. The industry shifted their focus towards cost optimization and extremely thin spend on new activities effecting heavily any demand growth across upstream oil and gas activities. The current year, 2018, is witnessing stabilized crude oil prices around USD 70 a barrel bringing alive the upstream spending to an extent.

MV Protection Relay Market Is Projected To Reach Around Of $1115 Million By 2023

According to the new market research report "MV Protection Relay Market by Type (Electromechanical & Static Relay, Digital & Numerical Relay), Connected Load (Feeder Lines, Transformers, and Motors), End-User (Utilities, Industrial, and Commercial & Institutional) & Region - Global Forecast to 2023", published by MarketsandMarkets™, the global MV protection relay market is projected to reach USD 1,115 million by 2023, at a CAGR of 5.33%, from an estimated USD 860 million in 2018.

Don’t miss out on business opportunities in MV Protection Relay Market. Download PDF Brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownload.asp?id=203382188

The growth of the MV protection relay market is mainly driven by the upgrading of existing substations and feeder line protection and expansion of transmission & distribution (T&D) networks across the globe. Renewables have become the preferred choice for expanding, upgrading, and modernizing power systems around the world. According to Bloomberg, in 2015, the market in China was the leading investor in renewable energy sources, with a total investment of USD 108 billion in clean energy, followed by the US with USD 51 billion. Increasing renewable energy investments have driven the demand for MV protection relays in renewable integration and managing peak load demands

Browse and in-depth TOC on "MV Protection Relay Market"

69 - Tables

43 - Figures

132 - Pages

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Reports/mv-protection-relay-market-203382188.html

Asia Pacific is estimated to be the fastest growing market for MV protection relays during the forecast period. The region has been segmented, by country, into China, Japan, India, South Korea, Australia, and rest of Asia Pacific. The MV protection relay market in the region is primarily driven by the increasing T&D network expansions and industrialization projects in emerging countries such as India and China. As per IEEMA (Indian Electrical and Electronics Manufacturers Association), electricity generation capacity is expected to increase from 200 GW in 2010 to over 800 GW by 2032. Therefore, there is a need for a huge investment of approximately USD 300 billion in the next 3–4 years. This will, therefore, create a demand for MV protection relays in the region.

The MV protection relay market, by type, is segmented into digital & numerical relay and electromechanical & static relay. The digital & numerical relay segment is estimated to be the fastest growing market during the forecast period. Digital & numerical relay is a microprocessor-based protective relay that operates on real-time data. It provides various benefits over electromechanical & static relays such as functional flexibility, reliability, self-checking, self-adaptability, and the ability to communicate with other digital equipment (peer-to-peer). Moreover, most of the companies now prefer digital & numerical relays over electromechanical & static relays because of additional benefits. For instance, in April 2018, ABB developed the REX640 protection relay for utility and industrial applications, which has the ability to manage multiple applications simultaneously.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=203382188

The report segments the MV protection relay market, by connected load, into feeder line, transformer, motor, and others. The others include generators, busbar, and capacitors. The feeder line segment is expected to grow at the highest CAGR during the forecast period. Growing T&D networks across the world would likely result in a consistent increase in the number of substations. This will create a demand for MV protection relays in the feeder line segment. Moreover, as per IBEF, the government of India planned 88.5 GW capacity addition under the 12th 5-Year Plan (2012–17) and around 100 GW under the 13th 5-Year Plan (2017–22). This would drive the repair and replacement market for MV protection relays in feeder line.

Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the cu0072ve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/mv-protection-relay-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Switchgear Market Demand to Increase $125.10 billion by 2022

The report “Switchgear Market by Voltage (< 1 KV, 1–36 KV, 36–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022”

The switchgear market is expected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 billion by 2022. Continuous growth of construction and development activities, increasing access to electricity in developing countries, and growth in renewable power generation projects are the major factors driving the market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1162268

The switchgear market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the switchgear market include

Some of the key Players in Switchgear Market:

·         ABB Ltd. (Switzerland),

·         General Electric Company (US),

·         Siemens AG (Germany),

·         EATON CORPORATION plc (Ireland),

·         Alstom SA (France),

·         Hitachi Ltd. (Japan),

·         Schneider Electric SE (France),

·         Mitsubishi Electric Corporation (Japan), etc.

Based on voltage, 36–72.5 kV voltage segment is estimated to be the fastest growing segment of the switchgear market from 2017 to 2022. This segment is expected to witness growth because of the rapid industrialization and urbanization. Aging power infrastructure leading to modernization and upgradation of the existing electrical grid and power plants are also a key factor driving the growth of 36–72.5 kV voltage segment of the switchgear market.

Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=1162268

Target Audience:

The target audience of this report includes:

·         Switchgear manufacturers, dealers, and suppliers

·         Transmission and distribution utilities

·         State and national regulatory authorities

·         Power generation plants

·         Consulting companies in the energy and power sector

·         Government and research organizations

·         Environmental research institutes

·         Process industries and power and energy associations

·         Investment firms

Based on end-user, the transmission and distribution utilities are estimated to grow at the fastest rate during the forecast period. Increasing investments in sub-station automation, modernization of electric grid, and smart utilities are the major factors driving the growth of the transmission and distribution utilities segment of the switchgear market. Switchgear enhance protection by decreasing energy losses, due to poor operational efficiency of traditional equipment.

Based on region, the switchgear market in Asia-Pacific is projected to grow by the fastest rate during the forecast period. Increasing grid investments and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the switchgear market in the region during the forecast period. Rise in investments in smart grid technologies is also driving the switchgear market in Asia-Pacific.

For More Detailed Information regarding Companies, Types and Applications visit @ https://www.marketsandmarkets.com/Market-Reports/switchgear-market-1162268.html

Aging power infrastructure, High Voltage Direct Current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for the switchgear companies. Moreover, governments in most of the countries are investing in renewable energy-based power generation to match up with the growing energy demand. All these factors is likely to drive the switchgear market during the forecast period.