The Global Oilfield Equipment Market is expected to grow at a CAGR of more than 5% during the forecast period, 2021–2026.

Oilfield Equipment Market 2021

Oilfield equipment is associated with several upstream, downstream, and midstream activities in petroleum industries. To a great degree, the oilfield equipment market is dependent on upstream operations, which include exploration, drilling, and production processes. Oilfield equipment is elementary equipment used for the development of successfully explored oilfields.

The petroleum industry can be broadly divided into the onshore equipment market and offshore equipment market. Oilfield equipment is used to perform an array of functions, starting from drilling to well completion, including core functions such as drilling, well intervention, data acquisition, well logging, well competition, flow control, and pressure maintenance. Offshore drilling equipment is selected on account of its ability to work in deep water and harsh environments. For instance, in 2018, World Oil reported an increase in the well activities of 436 wells across Brazil, as compared to 2017.

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The Major Manufacturers Covered in this Report:
GE Oil and Gas (U.S.), Schlumberger (U.S.), Weatherford International (U.S.), Pioneer Energy Services Corp. (U.S.), Superior Energy Services (U.S.), National Oilwell Varco, Inc. (U.S.), C&J Energy Services Ltd. (U.S.), Expro International Group Holding Ltd. (UK), Basic Energy Services, Inc. (U.S.), Wireline Engineering Ltd. (UK), SGS (Switzerland), Petrochemical Business Unit (Switzerland), and ABB Oil and Gas. 

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Equipment

Drilling equipment
Field production machinery
Pumps
Valves
Others

By End-Use Industries

Drilling
Drill pipe
Drill collars
Others

By Pressure and Flow Control

BOP
Valves
Manifolds
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Additionally, the analysis also delivers a comprehensive review of the crucial players on the Oilfield Equipment Market along with their company profiles, SWOT analysis, latest advancement and business plans.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Oilfield Equipment Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Oilfield Equipment Market sub-markets, depending on key regions (various vital states).
To analyze the Global Oilfield Equipment Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Oilfield Equipment Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Oilfield Equipment Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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This release was published on openPR.