North America Oilfield Service Market segmentation detailed study with forecast to 2030

The oilfield service market in North America is expected to grow from US$ 34,957.33 million in 2021 to US$ 52,360.49 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

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Keep yourself up-to-date with latest market trends and maintain a competitive edge by sizing up with available business opportunity in North America Oilfield Service Market various segments and emerging territory. The research report presents a comprehensive assessment of the North America Oilfield Service Market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes. The major market players are evaluated on various parameters such as company overview, product portfolio, and revenue of market from 2022 to 2027.

MARKET INTRODUCTION

The trapped shale gases cannot easily flow into the well because of the limited permeability of shale rocks. Oil and gas firms use hydraulic fracturing and other stimulation operations to improve the permeability of shale formations and generate trapped shale gases. Shale gas emits less carbon than coal and, therefore, can be a greener energy option in many nations that rely on coal as an energy source. Shale gas production has resulted in a new abundance of natural gas supply. Due to advancements in extraction technology, it is likely to take up the anticipated future.

According to the Energy Information Administration (EIA), the US's unproven theoretically recoverable shale gas potential is estimated to be 482 trillion cubic feet. Shale gas output in the country has surged 12-fold in the previous decade, and the growth is expected to continue until at least 2035. With the development of well-finishing methods such as multistage hydraulic fracturing and drilling techniques, such as long-reach horizontal wellbores, Canada offers long-term possibilities for natural gas supply across the region. Therefore, the continuous growth of shale basins in this region is boosting the growth of the North America oilfield services market.
List of Companies Profiled in the North America Oilfield Service Market Report are:
• Halliburton Energy Services
• Hunting PLC; NOV Inc
• Pioneer Energy Services Corp
• Schlumberger Limited
• Weatherford International plc

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Key Segmentation:

The North America oilfield service market is analyzed on the basis of application, service type, and country. Based on application, the market is bifurcated into onshore and offshore. In 2020, the onshore segment held the largest share in the market.

Based on service type, the market is segmented into well completion, wireline, artificial lift, perforation, drilling and completion fluids, and others. In 2020, the others segment held the largest share in the market.

Similarly, based on country, the market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020.

Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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