Oilfield Services Market Research Report
The GMI Research expects the oilfield services market to
expand at a significant rate. From a regional perspective, North America is
expected to grow at a higher CAGR during the forecast period due to the growing
use of oilfield services driven by the increasing generation and consumption of
oil and gas.
Request
for a FREE Sample Report on Oilfield Services Market
Oilfield Services Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
Some of the major factors of the oilfield services market
during the forecast period include the rising exploration activities and
accelerating oil & gas production driven by the strong demand across
various industries, including the transportation and manufacturing sector. According
to the oilfield
services market outlook, the technological advancements have led to
improved efficiencies for obtaining resources, and the rising R&D
activities, especially in the oil and gas industry for generating new
technologies, products & processes to preserve the environment, will
further support the growth of the global oilfield services market share in
terms of revenue in the upcoming years. There has been an upsurge in demand
for the market globally include the growing production of shale gas extraction,
crude oil, and the strong presence of various offshore oil reserves.
According to the oilfield services market analysis, the
increasing penetration of activities for the recreation of the oil reservoirs,
the continuously rising offshore industry, and the growing introduction of the
improved oil recovery technique allows the effective usage of existing
infrastructure and equipment in the new locations and reduces the land &
habitat disturbance will propel the market growth. As per the oilfield
services market report, the fluctuations in the prices of crude oil and the
drastic shift towards renewable energy across the globe will hamper the growth
of the global oilfield services market. On the other edge of the spectrum, the
emergence of the COVID-19 pandemic has adversely impacted the growth of the
market owing to the shutdown of manufacturing plants, production units, and
other offshore and onshore wind plants around the world. However, the market is
anticipated to bounce back in 2021 while increasing at a significant rate from
2022.
Oilfield Services Market’s leading
Manufacturers:
·
Halliburton
·
Baker Hughes Company
·
Weatherford
·
Schlumberger Limited
·
National Oilwell Varco
·
Superior Energy Services, Inc.
·
Archer
·
China Oilfield Services Limited
·
TechnipFMC plc
·
Expro Group
Oilfield Services Market Segmentation:
Segmentation
by Application:
·
Offshore
o
Well Intervention Services
o
Well Completion Services
·
Onshore
o
Well Completion Services
o
Well Intervention Services
Segmentation
by Type:
·
Field Operation
·
Equipment Rental
·
Analytical Service
Segmentation
by Service:
·
Oil Country Tubular Goods
·
Pressure Pumping Services
·
Well Completion Equipment & Services
·
Wireline Services
·
Drilling & Completion Fluid Services
·
Well Intervention Services
·
Drilling Waste Management Services
·
Coiled Tubing Services
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research and consulting company
that provides syndicated research reports, consulting services, and customized
market research reports. Our reports are based on market intelligence studies
to ensure relevant and fact-based research across numerous sectors, including
healthcare, automotive, information technology & communication, FMCG, and
other industries. GMI Research’s deep understanding related to the business
environment helps us in generating objective strategic insights. Our research
teams consisting of seasoned analysts and researchers have hands-on experience
in various regions, including Asia-pacific, Europe, North America, and the Rest
of the World. The market research report offers in-depth analysis, which
contains refined forecasts, a bird's eye view of the competitive landscape,
factors impacting the market growth, and several other market insights to aid
companies in making strategic decisions. Featured in the ‘Top 20 Most
Promising Market Research Consultants’ list of Silicon India Magazine in
2018, we at GMI Research are always looking forward to help our clients to stay
ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments