openPR Logo
Press release

Oil & Gas Engineering Services Market Revenue Share, Business Insights, Trends, Forecast By 2032

04-01-2024 11:20 AM CET | Energy & Environment

Press release from: Market Research Future (MRFR)

Oil & Gas Engineering Services Market

Oil & Gas Engineering Services Market

Oil & Gas Engineering Services Market Overview:

The Oil & Gas Engineering Services Market size is driven by steadily growing oil & gas exploration with a healthy CAGR of 4.50% during the forecast period of 2023 to 2032.

According to MRFR analysis, the global Oil & Gas Engineering Services Market is expected to register a CAGR of 4.50% from 2023 to 2032 and hold a value of over USD 97.51 Billion by 2032.

The Oil & Gas Engineering Services market refers to the global industry that provides specialized engineering solutions and services to the oil and gas sector. These services encompass various stages of the oil and gas value chain, including exploration, drilling, production, refining, and distribution. They involve engineering design, project management, procurement, construction, and maintenance activities.

Get Free Sample Report PDF:

https://www.marketresearchfuture.com/sample_request/11776

Key Players

Stress Engineering Services Inc.

Toyo Engineering Corporation

Element Materials Technology

L&T Technology Services Limited

Arseal Technologies

Citec Group Oy Ab

WSP Global Inc.

Wood PLC

Tetra Tech, Inc.

Mannvit Consulting Engineers

QuEST Global Services Pte. Ltd.

M&H

Hatch Ltd.

Lloyd's Register Group Services Limited

Purchase Premium Oil & Gas Engineering Services Market Research Report:

https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=11776

Covid-19 Impact on Oil & Gas Engineering Services Market

Operational Halts and Delays: Lockdowns, travel restrictions, and safety measures led to operational halts and delays in ongoing projects. Many field activities, such as maintenance, construction, and inspections, were put on hold, affecting project timelines and revenue streams.

Demand Fluctuations: The sharp decrease in global oil demand, attributed to reduced travel, industrial activity, and economic slowdown, created an oversupply situation. This resulted in plummeting oil prices, leading to reduced capital expenditure by oil and gas companies.

Supply Chain Disruptions: Restrictions on international trade and transportation hindered the supply of essential equipment and materials required for projects. This impacted project execution and raised concerns about potential cost overruns.

Remote Work Challenges: Transitioning to remote work posed challenges for engineering firms, especially those heavily reliant on physical presence for tasks like site visits and hands-on inspections.

Browse Report Details For More Information:

https://www.marketresearchfuture.com/reports/oil-gas-engineering-services-market-11776

Market Segmentation

The Global Oil & Gas Engineering Services market has been segmented into type

Based on Type: Downstream, Midstream and Upstream

Regional Analysis

North America is a major market, driven by shale gas and tight oil production, with a focus on engineering services for drilling and production optimization. Europe, with its mature oil and gas industry, requires engineering services for asset management, decommissioning, and renewable energy projects. The Middle East and Africa region, abundant in oil and gas reserves, presents opportunities for engineering services in exploration, field development, and infrastructure projects.

Asia-Pacific, with its growing energy demand, requires engineering services for both conventional and renewable energy projects. The regional growth of the Oil & Gas Engineering Services market is influenced by factors such as government policies, investment climate, technological advancements, and the shift towards sustainable energy sources.

Related Reports:

Uninterruptible Power Supply (UPS) Market https://www.marketresearchfuture.com/reports/uninterruptible-power-supply-ups-market-6623

Solar Power Conditioners Market https://www.marketresearchfuture.com/reports/solar-power-conditioners-market-21358

Gel Deep Cycle Battery Market https://www.marketresearchfuture.com/reports/gel-deep-cycle-battery-market-21354

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com

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 Oil & Gas Engineering Services Market Revenue Share, Business Insights, Trends, Forecast By 2032 here

News-ID: 3447300 • Views:

More Releases from Market Research Future (MRFR)

Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% CAGR by 2034
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C …
Market Overview: The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged. PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methods
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 2034
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 …
Market Overview: The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardware
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview: The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service. The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fueling
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview: The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Software

All 5 Releases


More Releases for Services

Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure. With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing
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
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the
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