Oilfield Equipment Market: Expansion Strategies Set to Generate Substantial Revenue until 2024 | Analysis by Top Key Vendors - Schlumberger, Baker Hughes, National Oilwell Varco
Global Oilfield Equipment Market overview:
BusinessIndustryReports have new report spread across 96 pages is an overview of the Global Oilfield Equipment Market Report 2020. The Global Oilfield Equipment Market is projected to grow at a healthy growth rate from 2020 to 2024 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
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Ascend in redevelopment of develop oil wells, oil cost recuperation, and increment in investigation and boring exercises for oil the world over drives the oilfield hardware advertise development. Moreover, the improved monetary intensity in the oil investigation and penetrating and administration ventures supports the usage of oilfield hardware, which thus fills the interest for oilfield gear. Nonetheless, the vacillations in remote monetary standards proceeds with its impact over net revenues and increment in costs of crude materials are required to impede the oilfield gear showcase development.
The Global Oilfield Equipment Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Oilfield Equipment Market is sub segmented into Drilling Equipment, Pumps & Valves, Field Production Machinery. Based on End Use Industry segment, the Oilfield Equipment Market is sub segmented into Onshore, Offshore.
The Asia-Pacific region is projected to register a highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is the largest market for Oilfield Equipment followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving Technology industry is driving the market for Oilfield Equipment in North America.
Some of the Oilfield Equipment Market manufacturers involved in the market are Schlumberger, Baker Hughes, National Oilwell Varco, Weatherford International, Halliburton, Cameron, Aker Solutions, Transocean , Acquisitions and effective mergers are some of the strategies adopted by the Oilfield Equipment Market manufacturers. New product launches and continuous technological innovations are the Oilfield Equipment Market strategies adopted by the major players.
Latest Industry Updates:
The Egyptian Ministry of Petroleum and Schlumberger Introduce the Egypt Upstream Gateway
CAIRO, February 11, 2020--The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen. The Egypt Upstream Gateway will also be a platform to promote Egypt's exploration and production potential worldwide.
The Egypt Upstream Gateway will leverage the GAIA digital subsurface platform and provide additional value-added solutions--enabled by digital technology and domain expertise--using the DELFI* E&P cognitive environment capabilities and technologies.
"Leveraging digitalization to modernize the petroleum sector of Egypt has been a key focus of our Modernization Program of the oil and gas sector and a critical project for the country. The goal is to equally enhance the understanding of our subsurface offering, unlocking the full potential of our assets to meet our energy needs. In addition, the Egypt Upstream Gateway will provide a platform to attract new investments to Egypt from investors from all around the world through state-of-the-art bid round digital enablement. The Egypt Upstream Gateway reflects the progressive vision we have for Egypt's Ministry of Petroleum digitalization and will be a key enabler positioning Egypt as a modern East Mediterranean Hub," said Tarek El-Molla, minister of petroleum and mineral resources, Egypt.
"Schlumberger combines deep domain expertise with transformative digital technologies using the GAIA platform, which will enable us to enrich Egypt's subsurface data and deliver the Egypt Upstream Gateway. This industry-first platform will accelerate Egypt's discoveries, reduce uncertainty, mitigate risks and enable Egypt's Ministry of Petroleum and its affiliates--EGPC, EGAS, GANOPE--to digitally showcase their assets to investors worldwide," said Maurice Nessim, president, WesternGeco, Schlumberger
Buy Oilfield Equipment Market analysis & forecast 2020-2024 Report along with complete TOC@ https://www.businessindustryreports.com/buy-now/237553/single.
Key Questions Answered in this Report:
1 The study provides an in-depth analysis of the global Oilfield Equipment Market and current & future trends to elucidate the imminent investment pockets.
2 Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
3 Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
4 The quantitative analysis of the global market from 2016 to 2024 is provided to determine the market potential.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of HD Map in these regions, from 2013 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Table of Contents:
1 Oilfield Equipment Definition
2 Global Oilfield Equipment Market Major Player Share and Market Overview
3 Major Player Oilfield Equipment Business Introduction
4 Global Oilfield Equipment Market Segmentation (Region Level)
5 Global Oilfield Equipment Market Segmentation (Product Type Level)
6 Global Oilfield Equipment Market Segmentation (Industry Level)
7 Global Oilfield Equipment Market Segmentation (Channel Level)
8 Oilfield Equipment Market Forecast 2020-2024
9 Oilfield Equipment Segmentation Type
10 Oilfield Equipment Segmentation Industry
11 Oilfield Equipment Cost Analysis
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