Oilfield equipment are devices and equipment used in the exploration and extraction of crude oil and gas. An oilfield is a vast spread region consisting of oil reservoirs and wells. Oilfield equipment include power equipment, production equipment, drilling and supply equipment and support equipment. These equipment use advance technology and techniques in exploration of oil and gas. Oilfield equipment are vital components of an oilfield as it is situated in a remote area away from human civilization. These equipment help in acquiring proper extraction of oil and gas with decent pace in order to meet the allotted timelines of work.
Based on product types global oilfield equipment market is categorized into pump & valves, field production machinery, drilling equipment and others. Drilling is the most basic function for extraction of oil and gas. Drilling equipment are used in drilling purpose to obtain oil and gas from the reservoirs. Pumps and valves are used for supply and transport purposes. The production and support machineries are essential machines having several functions and are used in exploration of oil and gas on an oilfield.
Major segment contributing to the rapid growth of global oilfield equipment market are drilling equipment. Rising demand for oil and gas from end user industries is a remarkable factor to upsurge the growth of global oilfield equipment market. Use of modern drilling technology and techniques in oil and gas extraction is rapidly empowering the growth of this market. The ever increasing demand by end user industries for petroleum is another factor expected to boost the global oilfield equipment market for the forecast period. Stringent government regulations and expensive cost are factors restraining the growth of global oilfield equipment market.
Global oilfield equipment market report is segmented on the basis of geography as Europe, North America, Asia Pacific, Latin America and Middle East and Africa. Key players of the global oilfield market are FMC Technologies, Aker Solutions, Weatherford International, Halliburton, Schlumberger, Cameron International, Baker Hughes, Transocean and National Oilwell Varco Inc.
Decision Databases is involved in providing research reports and company profiles in the global oilfield equipment market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The oilfield equipment market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our oilfield equipment profiles.
SEGMENTATIONS IN REPORT:
Oilfield Equipment By Products:
1. INTRODUCTION TO THE OILFIELD EQUIPMENT MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF THE OILFIELD EQUIPMENT
4. OILFIELD EQUIPMEMNT MARKET ANALYSIS BY PRODUCTS
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