Press release
Global Oilfield Services Market to be driven at a CAGR of 3.5% in the Forecast Period of 2021-2026
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/oilfield-services-market/requestsample
The key highlights of the report include:
Market Overview (2021-2026)
Historical Market Size (2020): USD 258 Billion
Forecast CAGR (2021-2026): 6.5%
Forecast Market Size (2026): USD 377 Billion
The growth of global oilfield services is driven by the rising demand for energy. The demand for oil and natural gas due to rapid urbanisation and industrialisation is driving the growth for the oilfield market. Additionally, the continuous exploration of new wells to meet the global demand and increasing investment in the offshore drilling will propel the market in the forecast period. The increasing research and development (R&D) in the better techniques for oil extraction and processing is expected to provide growth opportunities. However, the transitioning trend towards renewable energy and depletion of reserves may constrain the growth for global oilfield market.
Industry Definition and Major Segments
Oilfield services are activities are that help oil well operators to explore and extract crude oil and natural gas from the reservoir. It includes activities such as exploration, drilling, stimulation, intervention, production, and completion throughout well exploration.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/oilfield-services-market
By service type, the market is divided into:
Subsea Services
Seismic Services
Drilling Services
Workover and Completion Services
Production Equipment
Processing and Separation Services
Others
Based on type, the industry can be segmented into:
Equipment Rental
Field Operation
Analytical and Consulting Services
The market is divided based on application into:
Onshore
Offshore
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Regionally, North America is largest shareholder in the global oilfield service market in terms of revenue due to growing oil exploration activities and presence of key industry players. Meanwhile, Middle East and Africa is expected to show a significant growth due to presence of world's major oil reserves. Further, the offshore oil fields near the shores of Kuwait, UAE and Saudi Arabia will aid the growth. However, Asia pacific is expected to grow in the forecast period due to factors such as increasing oil production, increasing offshore activities in emerging economies such as China and India, and increasing oil rig varieties.
Key Market Players
The major players in the market are Schlumberger Limited, Weatherford International plc, Baker Hughes Company, Halliburton Energy Services, Inc., China Oilfield Services Limited, Basic Energy Services, Inc., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Top Lithium Ion Battery Companies: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies
Hypervolt Plus Cordless Vibration Massager Market: https://www.expertmarketresearch.com/reports/hypervolt-plus-cordless-vibration-massager-market
Alcohol Ingredients Market: https://www.expertmarketresearch.com/reports/alcohol-ingredients-market
Carbonated Beverage Market: https://www.expertmarketresearch.com/reports/carbonated-beverage-market
Maleic Anhydride Market: https://www.expertmarketresearch.com/reports/maleic-anhydride-market
Medical Bed Market: https://www.expertmarketresearch.com/reports/medical-bed-market
Primary Cells Market: https://www.expertmarketresearch.com/reports/primary-cells-market
Unmanned Aerial Vehicle (UAV) Market: https://www.expertmarketresearch.com/reports/unmanned-aerial-vehicle-uav-market
Automotive Wrap Films Market: https://www.expertmarketresearch.com/reports/automotive-wrap-films-market
Solar Panel Cleaning Market: https://www.expertmarketresearch.com/reports/solar-panel-cleaning-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.
EMR customises syndicated reports according to the client's requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Oilfield Services Market to be driven at a CAGR of 3.5% in the Forecast Period of 2021-2026 here
News-ID: 2790446 • Views: …
More Releases from Expert Market Research
Remote Healthcare Market: Demand Forecast and Future Growth (2025-2034)
Overview of the Remote Healthcare Market
The global remote healthcare market is rapidly transforming the way healthcare is delivered by leveraging technology to provide medical services outside of traditional healthcare settings. As healthcare systems around the world become more focused on improving patient outcomes, the demand for remote healthcare solutions is increasing. Remote healthcare, also known as telemedicine or telehealth, enables healthcare providers to deliver care, consultations, monitoring, and diagnoses through…
Assisted Reproductive Technology Market: Market Expansion and Demand Forecast (2 …
Overview of the Assisted Reproductive Technology Market
The global assisted reproductive technology (ART) market plays a pivotal role in addressing infertility issues that affect millions of people worldwide. ART involves a series of medical treatments that help individuals or couples achieve pregnancy through procedures such as in vitro fertilization (IVF), egg and sperm donation, and surrogacy. The market is growing rapidly, driven by the increasing prevalence of infertility, advancements in ART…
Lentil Market Outlook 2025-2034 | Growth Trends & Forecast
The lentil market is undergoing a notable transformation as plant-based diets and sustainability become central to food industry discussions. Lentils, known for their high protein, fiber, and iron content, are gaining popularity not only among vegetarians and vegans but also among mainstream consumers seeking nutritious, meat-free alternatives. Their affordability, long shelf life, and diverse culinary uses-from soups and stews to salads and snacks-make them a pantry essential across the globe.
As…
Global Medical Spa Market to Surge at 14.40% CAGR, Reaching USD 60.25 Billion by …
Medical Spa Market Overview
The global medical spa market has emerged as a rapidly evolving segment in the wellness and healthcare industry, blending advanced medical technology with the relaxing experience of a traditional spa. Medical spas offer a variety of services, including anti-aging treatments, skin rejuvenation, laser therapies, and body contouring, under professional medical supervision. The rise in aesthetic awareness, along with increasing disposable income, especially among millennials and aging populations,…
More Releases for Services
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
Global Electrical Services Market 2018 Key Players: Alliance Electrical Services …
Electrical Services Market:
WiseGuyReports.com adds “Electrical Services Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2025”reports to its database.
Executive Summary
This report studies the global Electrical Services market, analyzes and researches the Electrical Services development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Alliance Electrical Services
Housejoy
Texas Electrical Services
Able Electrical Services
Wyer Electrical Services
SSI Electrical…
Dental Services Market: Coast Dental Services, Pacific Dental Services
HTF MI published a new industry research that focuses on Dental Services market and delivers in-depth market analysis and future prospects of Global Dental Services market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is…
