Press release
Oilfield Integrity Management Market to Witness Huge Growth by Key Players: Schlumberger, Halliburton, Baker Hughes Company and Others.
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The Global Oilfield Integrity Management Market size is projected to grow from an estimated USD 12.8 Billion in 2020 to USD 18.8 Billion by 2025, at a CAGR of 8.1% from 2020 to 2025.
Top Companies Profiled in the Oilfield Integrity Management Market:
• Schlumberger (US)
• Halliburton (US)
• Baker Hughes Company (US)
• Siemens (Germany)
• Emerson (US)
• IBM (US)
• Oracle (US)
The growth of this market is driven by the increasing focus of oilfield operators to enhance their productivity by reducing downtime required in maintenance activities. Also, the oil and gas discoveries across the globe are likely to fuel market growth. North America accounted for the largest market share in 2019.
Onshore wells are widely drilled across the world, with more oil & gas production potential from regions such as the Middle East, North America, Africa, and Asia Pacific. The demand for oilfield integrity management is high in the onshore application segment as new well drilling activities are rising in onshore locations at a faster pace than in the offshore fields.
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Breakdown of primary participants’ profile:
• By Company Type: Tier 1- 25%, Tier 2- 40%, Tier 3- 35%
• By Designation: C-Level- 18%, D-Level- 35%, Others- 47%
• By Region: North America- 15%, Europe- 18%, Asia Pacific- 25%, Middle East- 23%, Africa- 8%, , and South America- 11%
Competitive Landscape of Oilfield Integrity Management Market:
1 Overview
2 Market Evaluation Framework
3 Revenue Analysis Of The Top 5 Market Players
4 Key Market Developments
4.1 Product Launch
4.2 Expansion
4.3 Merger/Acquisition/Joint Venture
4.4 Contract/Agreement
4.5 Partnership
Research Coverage:
The report provides a complete view of the oilfield integrity management market across the oil & gas industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as application, component, management type, and region.
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