Oilfield Equipment Market to Hit USD 157.72 Bn at a growth rate of 4.5 percent by 2029: Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics

Pune 02 Feb 2023: The total market was USD 110.90 Bn. in 2021 and is expected to reach USD 157.72 Bn. by 2029 at a CAGR of 4.5 percent. The report is a combination of primary data and secondary data and domain expert has analyzed the market from a local as well as a global point of view. MMR has published a report on the Oilfield Equipment market.

Oilfield Equipment Market Report Scope and Research Methodology

The report gives a thorough analysis of the global, regional and national levels. The report estimates the market size and growth rate along with existing and future trends in the Oilfield Equipment market. For a better knowledge of market penetration, competitive structure, a pricing and demand analysis is conducted in the report. Major Industry players are listed by region, along with total market revenue, financial standing, portfolio, new technical developments approved, mergers and acquisitions, joint ventures and strategic alliances for the competitive analysis of the Oilfield Equipment market.

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Equipment, Type and application are the segments used to analyze the Oilfield Equipment market in order to determine the aspects that both positively and negatively affect the growth of the market. Primary and secondary data sources are used in the report. Primary data collection techniques were conducting questionnaires, surveys and telephonic interviews with market leaders and business owners. Secondary data is taken from official databases of government websites, annual reports, white papers and press releases from companies that produce and supply goods for the industry.

Oilfield Equipment Market Dynamics

The Oilfield Equipment market growth is driven by the advancements in the technologies in oilfield equipment, rise in oil price recovery and increase in exploration as well as drilling activities across the globe. During the forecast period, the market is expected to be hampered due to an increase in the complexity of drilling creates the need for new extraction techniques. The major challenge to the oilfield equipment market growth is the requirement of substantial capital investment for the exploration of the drilling.

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Oilfield Equipment Market Regional Insights

Due to growth in exploration as well as rock study activities for shale oil and carbonate rocks, North America dominated the Oilfield Equipment Market in 2021. In the Asia Pacific region, China is expected to witness growth the market due to an increase in energy consumption. Around the globe, Russia is the biggest energy producer. On account of advancements in the production of outfield equipment, Brazil is expected to grow in the South American region.

Oilfield Equipment Market Segmentation

By Equipment: Drilling equipment, Field production machinery, Pumps and Valves and Others

By Type: Drilling (Drill Pipe and Drill Collars) and Pressure & Flow Control (Bop Valves and Manifold)

By Application: Onshore and Offshore

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Oilfield Equipment Market Key Players include:

GE Oil and Gas (U.S.),, Weatherford International (U.S.),, Schlumberger (U.S.),, Superior Energy Services (U.S.),, Pioneer Energy Services Corp. (U.S.),, C&J Energy Services Ltd. (U.S.),,National Oilwell Varco, Inc. (U.S.)., Halliburton (U.S.),, Basic Energy Services, Inc. (U.S.),, Expro International Group Holding Ltd. (UK),, Wireline Engineering Ltd. (UK),, Oilserv (UAE),, SGS (Switzerland),, ABB Oil, and Gas and, Petrochemical Business Unit (Switzerland), Baker Hughes Company, Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd

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Table of Content for Oilfield Equipment Market:

Global Oilfield Equipment Market: Research Methodology

Global Oilfield Equipment Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Oilfield Equipment Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Oilfield Equipment Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Oilfield Equipment Market Segmentation
Global Oilfield Equipment Market, by Equipment (2021-2029)
Global Oilfield Equipment Market, by Type (2021-2029)
Global Oilfield Equipment Market, by Application (2021-2029)

Regional Oilfield Equipment Market(2021-2029)
Regional Oilfield Equipment Market, by Equipment (2021-2029)
Regional Oilfield Equipment Market, by Type (2021-2029)
Regional Oilfield Equipment Market, by Application (2021-2029)
Regional Oilfield Equipment Market, by Country (2021-2029)

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Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends
Market Segmentation - A detailed analysis by Equipment,Type, Application and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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