Press release
ABB, Schlumberger Profiled in Oil Field Equipment Market 2023 - GE Oil And Gas, Weatherford International, Superior Energy Services, Pioneer Energy Services, C&J Energy Services, Halliburton
Oil Field Equipment Market
This report presents a comprehensive overview, market shares, and growth opportunities of Oil Field Equipment Market by product type, application, key manufacturers and key regions. Over the next five years, Oil Field Equipment will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: ABB, GE Oil And Gas, Weatherford International, Schlumberger, Superior Energy Services, Pioneer Energy Services, C&J Energy Services, Schlumberger, Halliburton.
Crude oil prices have eased in the past few months and are enough to support the demand for oilfield equipment in the industry. However, the impact of rise in prices have not been universal, with latest development suggesting a surge in the US onshore output (mainly from the shale reserve) and comparatively less activity elsewhere, especially in offshore. The decline in crude oil prices has forced the oil & gas companies to invest in technology to reduce the breakeven prices and change their strategy, which has helped several marginal projects to become viable. As the crude oil prices are increasing and has already crossed 70 per barrel mark in May 2018, the upstream investment is expected to grow significantly and bring several projects online, thereby, driving the market.
Growth in oil and gas investment is expected to be especially strong in developing regions, where improving infrastructure will contribute to more drilling activity. The discovery of new reserves and the depletion of existing ones have led to new extraction techniques and increased complexity of drilling, raising the costs of production.
Over the next five years, projects that Oil Field Equipment will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Oil Field Equipment market by product type, application, key manufacturers and key regions.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1259861/
Segmentation by product type:
Drilling Equipment
Field Production Machinery
Pumps & Valves
Segmentation by application:
Onshore
Offshore
Research objectives:
To study and analyze the global Oil Field Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Oil Field Equipment market by identifying its various subsegments.
Focuses on the key global Oil Field Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
For More Details about this report: https://www.marketstudyreport.com/reports/2018-2023-global-oil-field-equipment-consumption-market-report
Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Oil Field Equipment by Players
4 Oil Field Equipment by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Oil Field Equipment Market Forecast
12 Key Players Analysis
Related Report:
Global Oil Field Equipment Rental Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
The oilfield equipment rental market is driven by factors such as technological advancement in oilfield equipment that has enabled the progress of non-conventional oil & gas fields, which were considered economically unviable, with techniques like horizontal drilling and ultra-deep drilling. Increase in global investments in exploration and production by key oil companies is also one of the driving forces for the market. The global Oil Field Equipment Rental market is valued at xx million in 2017 and is expected to reach xx million by the end of 2023, growing at a CAGR of xx% between 2017 and 2023. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
https://www.marketstudyreport.com/reports/global-oil-field-equipment-rental-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023?utm_source=RR-AN
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