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Global Oilfield Services Market to Grow at a CAGR of 3.4 Percentage, Reaching USD 141.44 Billion by 2030

12-11-2024 03:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Oilfield Services Market

Oilfield Services Market

Global ๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at US$ 111.93 Bn. in 2023 and is expected to reach USD 141.44 in 2030. The Global ๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is estimated to grow at a CAGR of 3.4% over the forecast period.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global oilfield services market encompasses a wide range of services that support the oil and gas industry, from exploration to production. These services include drilling, well services, completion, and other support functions critical to oilfield operations. As the demand for energy rises globally, the market is expected to experience significant growth, driven by advancements in technology and increasing investment in oil extraction and production.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/69728/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

Key drivers for the oilfield services market include the rise in global energy demand, technological advancements in drilling techniques, and the growing need for efficient exploration and production methods. Additionally, the increasing focus on enhancing operational efficiency and extending the life of aging fields is propelling demand for specialized oilfield services, particularly in remote and deepwater areas.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Key trends in the oilfield services market include the rise of digitalization and automation, with companies increasingly adopting technologies like IoT and artificial intelligence to optimize drilling and production processes. Furthermore, there is a growing focus on sustainability and reducing the environmental impact of oil extraction, prompting a shift towards more eco-friendly technologies and energy-efficient practices.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/69728/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

The Vietnamese government's focus on offshore exploration and the expansion of energy projects offers significant opportunities for service providers like ๐’๐œ๐ก๐ฅ๐ฎ๐ฆ๐›๐ž๐ซ๐ ๐ž๐ซ and ๐‡๐š๐ฅ๐ฅ๐ข๐›๐ฎ๐ซ๐ญ๐จ๐ง.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's expanding energy sector and deepwater exploration projects fuel the demand for oilfield services, particularly in the Gulf of Thailand.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan is investing in sustainable energy and enhancing offshore drilling capabilities, leading to growing demand for cutting-edge services and technologies.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

Recent mergers and acquisitions have strengthened South Korea's position in the oilfield services sector, with companies like ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐„๐ง๐ ๐ข๐ง๐ž๐ž๐ซ๐ข๐ง๐  and ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข ๐‡๐ž๐š๐ฏ๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ capitalizing on global market demands.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's advanced infrastructure and government backing for energy exploration are expected to drive service innovation in offshore drilling.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”.๐’.

The U.S. shale oil boom continues to provide vast opportunities for oilfield service companies, with significant investments in drilling and well services.

๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe is witnessing a shift towards greener energy, yet oil and gas extraction in regions like the North Sea remains a key contributor to the market's growth.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/69728/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Equipment Rental
Field Operation
Analytical Services

๐›๐ฒ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐“๐ฒ๐ฉ๐ž

Production Segment
Drilling Segment
Completion & Workover Segment
Process & Separation Segment
Geophysical Segment

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Offshore
Onshore

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐Ž๐ข๐ฅ๐Ÿ๐ข๐ž๐ฅ๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Schulumberger Ltd.
2. Halliburton Ltd.
3. Baker Hughes Incorporate
4. Weatherford International Ltd.
5. Nabors Industries Ltd.
6. Saipem
7. Petrofac
8. Trican Well Services Ltd.
9. Precision Drilling CO.
10. SGS S.A.
11. Superior Energy Services Inc.
12. Fluor
13. Transocean
14. Oil States Industries

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/oilfield-services-market/69728/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Oilfield Services Market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Oilfield Services Market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Network Transformation Market https://www.maximizemarketresearch.com/market-report/global-network-transformation-market/6596/

โ™ฆ Procurement Software Market https://www.maximizemarketresearch.com/market-report/global-procurement-software-market/26731/

โ™ฆ Plastic Market https://www.maximizemarketresearch.com/market-report/global-plastic-market/100495/

โ™ฆ 3D Printing Metal Market https://www.maximizemarketresearch.com/market-report/3d-printing-metal-market-2018-2026/195/

โ™ฆ Avocado oil Market https://www.maximizemarketresearch.com/market-report/avocado-oil-market/148128/

โ™ฆ Acrylic Adhesives Market https://www.maximizemarketresearch.com/market-report/global-acrylic-adhesives-market/97225/

โ™ฆGlobal Biomethane Market https://www.maximizemarketresearch.com/market-report/global-biomethane-market/16077/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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