Global Oilfield Services & Equipment Market Outlook to 2028
About the Report
Stable crude oil price recovery coupled with a rise in the demand for oil and gas, continued oil exploration and field development activities, rising redevelopment of mature oil wells, and supportive government policies are some the factors augmenting the growth of Global oil field services and equipment market.
Furthermore, reducing the cost of oil field services and increasing demand for tools, equipment, and advanced technology for offshore and unconventional resources boost the demand for the Global oil field services and equipment market.
Oilfield equipment is elementary equipment used for the development of successfully explored oilfields. These include functions starting from drilling to well completion, i.e., drilling, data acquisition, well intervention, well logging, well completion, pressure maintenance, and flow control.
With the outbreak of novel coronavirus and worldwide lockdown, the demand for oil and gas reduced significantly and forced oil field operators to reduce their exploration budgets to maintain operational efficiency.
Post covid-19, oil demand and crude prices have recovered from record lows in Q3 2020, which has supported a recovery of shut-in production units. However, oil prices still below the breakeven levels to improve upstream spending. Most of the companies are debt-laden and going for mergers and consolidations.
Due to recent offshore oil and gas discoveries, the drilling rigs segment will likely dominate the market during the forecast period, particularly the North Sea area.
North America is expected to be the largest market for the oilfield rental services market, with major demand expected to be coming from countries like the United States, Canada.
In South America, Brazil can be a significant contributor to oil field services and equipment demand. The Brazilian government aims 2 Mm/d of additional oil production by 2027, mostly from deep-water areas.
Blackridge's Report provides insights into the current global and regional market demand scenario and its outlook. The study offers a detailed analysis of various factors instrumental in affecting the global oil field services and equipment market growth.
The Report will also provide a perspective on various market opportunities and threats and a detailed analysis of the global oil field services and equipment market's competitive landscape.
Table of Contents
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
- 3.1 Introduction
- 3.2 Market Dynamics
- 3.2.1. Drivers
- 3.2.2 Restraints
- 3.3 Market Trends & Developments
- 3.4 Analysis of Covid-19 Impact
- 3.5 Market Opportunities
- 3.6 Market Size and Forecast
4. Industry Analysis
- 4.1 Supply Chain Analysis
- 4.2 Porter’s Five Forces Analysis
5. Regional Market Analysis
- 5.1 North America
- 5.2 Europe
- 5.3 Asia-Pacific
- 5.4 South America
- 5.5 Middle East & Africa
6. Key Company Profiles
- 6.1 Oil Field Services CompaniesÂÂ
-  6.1.1 Schlumberger LimitedÂÂ
-  6.1.2 HalliburtonÂÂ
-  6.1.3 Weatherford InternationalÂÂ
-  6.1.4 China Oilfield Services LimitedÂÂ
-  6.1.5 Baker Hughes GEÂÂ
-  6.1.6 SiemensÂÂ
- 6.2 Oil Field Equipment CompaniesÂÂ
-  6.2.1 National Oil well Varco, Inc. ÂÂ
-   6.2.2 Ethos Energy Group Ltd.ÂÂ
-  6.2.3 Jareh Oilfield equipmentÂÂ
-   6.2.4 Aker SolutionsÂÂ
-  6.2.5 FMC TechnologiesÂÂ
-  6.2.6 Weir Group
7. Competitive Landscape
- 7.1 List of Notable Players in the Market
- 7.2 M&A, JV, and Agreements
- 7.3 Strategies of Key Players
8. Conclusions and Recommendations
List of Tables & Figures
Abbreviations
Additional Notes
Disclaimer
This report helps to:-
- Gain a deeper understanding of the impact of COVID 19, and oil & gas prices crash on the global oil field services and equipment market.
- Equip yourself with rigorous analysis and forward-looking insight into the global oil field services and equipment market.across various regions
- Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
- Assess market data and forecasts to understand how the demand evolve over the next 5 years
- Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
- Be better informed of your competition by gaining access to detailed information and analysis of key industry players
- Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position
Who need this report?
- Oil & Gas Companies
- Investors and Financing companies
- Equipment Manufacturers and Suppliers
- EPC Companies
- Government and Regulatory Organizations
What's included
Report - Global Oil Field Services and Equipment Market Outlook to 2028.pdf
Market Data - Global Oil Field Services and Equipment Market Outlook to 2028.xlsWhy buy this report?
- Gain a deeper understanding of the impact of Covid-19 on the <Global Oilfield Services & Equipment Market>.
- Equip yourself with rigorous analysis and forward-looking insights into the <Global Oilfield Services & Equipment Market> across multiple regions.
- Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
- Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
- Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
- Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
- Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position
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