Oilfield
Equipment Industry Overview:
Global oilfield equipment market is expected to
observe phenomenal growth during the forecast period owing to increasing
exploration and drilling activities and recovery of oil prices after price
shock of 2014. The oilfield service industry is completely dependent on upstream
operations thus, in this scenario, it will be profited. Oilfield equipment are
elementary equipment used for the development of successfully explored
oilfields. These include a wide range of equipment that perform the functions
starting from drilling to well completion. The main functions of oilfield
equipment include drilling, data acquisition, well intervention, well logging,
well completion, pressure maintenance, flow control, and others.
Get
Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1392
In recent times oil and gas has been witnessing a
significant downturn due to the continuous fall in the prices. These changes in
the supply and demand dynamics is expected to raise the number of oil wells
thus, resulting in boosting the oil field Equipment market. Increasing demand
for oil and gas is also expected to fuel the demand in the oilfield Equipment
market.
Prominent Players Analysis
The key players of global wireline services market are
GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.),
Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J
Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.).
Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International
Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), SGS
(Switzerland), ABB Oil, and Gas and Petrochemical Business Unit (Switzerland)
are among others.
Get Complete Report at: https://www.marketresearchfuture.com/reports/oil-field-equipment-market-1392
Oilfield
Equipment Segments Market Analysis
Global oilfield equipment market is segmented on the
basis of equipment, type and region.
Based on equipment the market is further segmented
into Drilling Equipment, Field Production Machinery, Pumps, Valves, Others.
Amongst these segments, drilling equipment segments holds the largest share due
to increased number of drilling projects across the globe.
On the basis of type, market is classified as drilling
(Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves,
Manifold). Drill Pipe segment accounts for the largest market share due to
large drilling activities in offshore and onshore. Also, shale production,
which requires drill pipes as an essential set of equipment, has witnessed
growth.
Based on region, the global oilfield equipment market
is segmented into North America, Europe, Asia-Pacific, Middle East and Africa.
Geographic
Analysis
North America region held the largest market share in
oilfield equipment market. In North America region exploration activities and
rock study activities for shale oil, oil sands, and carbonate rocks are rising.
For instance the production from shale oil in 2017 was 4.67 million barrels,
which contributed half of the total oil produce from U.S. Asia Pacific and
Africa region are likely to lead to the growth of oilfield equipment market.
Major growth is attributed to the discoveries in Gulf of Thailand, and South
China Sea from Asia Pacific and Mediterranean Sea and Egypt desert from Africa.
View
More Info @ https://on.mktw.net/2Wy12IJ
About
Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment