The report on the Global Oilfield Equipment Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
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
- National Oilwell Varco Inc.
SEGMENTATIONS IN REPORT:
Oilfield Equipment By Products:
- Drilling Equipment
- Pumps & Valves
- Field Production Machinery
- Others
Oilfield Equipment By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Oilfield Equipment Market has been exhibited in detail in the following chapters -
Chapter 1 Oilfield Equipment Market Preface
Chapter 2 Executive Summary
Chapter 3 Oilfield Equipment Industry Analysis
Chapter 4 Oilfield Equipment Market Value Chain Analysis
Chapter 5 Oilfield Equipment Market Analysis By Products
Chapter 6 Oilfield Equipment Market Analysis By Geography
Chapter 7 Competitive Landscape Of Oilfield Equipment Companies
Chapter 8 Company Profiles Of Oilfield Equipment Industry
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.