openPR Logo
Press release

Global Oilfield Services Market to be driven at a CAGR of 3.5% in the Forecast Period of 2021-2026

11-03-2022 09:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Oilfield Services Market to be driven at a CAGR of 3.5%

The new report by Expert Market Research titled, 'Global Oilfield Services Market Report and Forecast 2021-2026', gives an in-depth analysis of the global oilfield services market, assessing the market based on its segments like service type, type, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

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

Unveiling the Dynamics of the Isopropanolamine Market: A Deep Dive into its Growth and Potential
Unveiling the Dynamics of the Isopropanolamine Market: A Deep Dive into its Grow …
The isopropanolamine market, pivotal in the formulation of a plethora of industrial and consumer products, is on a trajectory of notable growth. Projected to expand at a Compound Annual Growth Rate (CAGR) of 4.40% from 2024 to 2032, this market's ascent is a reflection of the indispensable role isopropanolamines play across diverse sectors such as oil and gas, personal care, and construction. This blog embarks on a comprehensive exploration of
Underwater Drones Market Report, Size, Share, Growth, Analysis, Price And Forecast 2024-2032
Underwater Drones Market Report, Size, Share, Growth, Analysis, Price And Foreca …
According to the report by Market Research Future (EMR), the global underwater drones market is projected to witness substantial growth at a CAGR of 12% during the forecast period from 2024 to 2032. This growth is primarily attributed to the increasing demand for underwater exploration and surveillance activities across various sectors such as defense, oil & gas, marine research, and environmental monitoring. Underwater drones, also known as unmanned underwater vehicles (UUVs)
Urinary Incontinence Drugs Market Size, Share, Trends, Outlook, Growth, Analysis, Report and Forecast 2024-2032
Urinary Incontinence Drugs Market Size, Share, Trends, Outlook, Growth, Analysis …
The urinary incontinence drugs market size was valued at USD 12028.45 million in 2023, driven by rising geriatric population across the globe. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2024-2032 to achieve a value of USD 22199 million by 2032. Urinary Incontinence: Introduction Urinary incontinence is the involuntary loss of bladder control, leading to accidental urine leakage. It can range from occasional
Underwater Drones Market Report, Size, Share, Growth, Analysis, Price And Forecast 2024-2032
Underwater Drones Market Report, Size, Share, Growth, Analysis, Price And Foreca …
According to the report by Market Research Future (EMR), the global underwater drones market is projected to witness substantial growth at a CAGR of 12% during the forecast period from 2024 to 2032. This growth is primarily attributed to the increasing demand for underwater exploration and surveillance activities across various sectors such as defense, oil & gas, marine research, and environmental monitoring. Underwater drones, also known as unmanned underwater vehicles (UUVs)

All 5 Releases


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