Press release
Oilfield Equipment Market Set to Reach USD 164.80 Billion by 2030
Oilfield Equipment Market
The global oilfield equipment market is on a trajectory to reach approximately USD 164.80 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period.
This growth is primarily driven by escalating drilling and exploration activities worldwide, coupled with technological advancements in oilfield equipment.
๐๐ข๐ฅ๐๐ข๐๐ฅ๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Oilfield equipment encompasses a broad range of machinery essential for the development and management of oilfields, including drilling rigs, pumps, valves, and pressure control equipment. The increasing global energy demand and the pursuit of new hydrocarbon reserves are propelling the need for advanced oilfield equipment.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/44417/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐:
Vietnam's oilfield equipment market is expanding due to growing energy demand, advancements in extraction technologies, and the increasing development of unconventional oil and gas reserves.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐ :
Thailand's oilfield equipment market is experiencing growth driven by the country's efforts to enhance its energy security and develop its oil and gas infrastructure.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐:
Japan's focus on technological innovation and efficiency in energy production is influencing trends in its oilfield equipment market, with an emphasis on sustainable and advanced equipment solutions.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐:
South Korea's oilfield equipment industry is witnessing consolidation, exemplified by ๐๐๐ง๐ฐ๐ก๐ ๐๐ซ๐จ๐ฎ๐ฉ's S$790.6 million acquisition of oil contractor ๐๐ฒ๐ง๐-๐๐๐, providing access to manufacturing facilities and expanding its offshore plant capabilities.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐:
Singapore's strategic location and robust infrastructure make it a key player in the oilfield equipment market, with ongoing updates to its facilities and services to meet global demand.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ซ๐๐๐๐๐๐๐ ๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐:
The United States is experiencing significant mergers among oil producers, leading to a shrinking customer base for oilfield service companies, which in turn is affecting pricing and market dynamics.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ช๐๐๐๐:
China's oilfield equipment market is expanding due to increasing energy consumption and investments in exploration and production activities to meet domestic demand.
๐ถ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฌ๐๐๐๐๐:
Europe's oilfield equipment industry is adapting to stringent environmental regulations and a shift towards renewable energy sources, influencing market trends and equipment demand.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/44417/
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐ป๐๐๐๐๐๐๐๐๐๐๐๐ ๐จ๐ ๐๐๐๐๐๐๐๐๐๐: Integration of digital technologies such as IoT and AI in oilfield equipment is enhancing operational efficiency and safety.
๐ด๐๐๐๐๐๐ ๐๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐๐: The industry is witnessing consolidation, with significant mergers and acquisitions aimed at expanding capabilities and market reach.
๐๐ข๐ฅ๐๐ข๐๐ฅ๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฎ ๐๐ฆ๐ช๐๐ฅ๐ข๐๐ฃ๐ฉ
Drilling equipment
Field production machinery
Pumps
Valves
Others
๐๐ฎ ๐๐ฎ๐ฅ๐
Drilling
Drill Pipe
Drill Collars
Pressure & Flow Control
Bop
Valves
Manifold
๐๐ฎ ๐ผ๐ฅ๐ฅ๐ก๐๐๐๐ฉ๐๐ค๐ฃ
Onshore
Offshore
The global market for oilfield equipment is divided into three segments: equipment, type, and geography. The market is further divided into drilling equipment, field production machinery, pumps, valves, and other categories based on equipment. The market is categorised by type as follows: drilling (drill collars, drill pipe), and pressure & flow control (bop, valves, manifold). The market is divided into two segments based on application: onshore and offshore.
The seasoned researcher from Maximise Market Research conducted an extensive analysis to comprehend the market performance and contribution of various segments.According to the Maximise Market Research report, the equipment segment will have the largest global share
๐ ๐จ๐ซ ๐ ๐ฆ๐จ๐ซ๐ ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ซ๐๐๐๐ซ ๐ญ๐จ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/44417/
๐๐ข๐ฅ๐๐ข๐๐ฅ๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. GE Oil and Gas (U.S.),
2. Weatherford International (U.S.),
3. Schlumberger (U.S.),
4. Superior Energy Services (U.S.),
5. Pioneer Energy Services Corp. (U.S.),
6. C&J Energy Services Ltd. (U.S.),
7. National Oilwell Varco, Inc. (U.S.).
8. Halliburton (U.S.),
9. Basic Energy Services, Inc. (U.S.),
10. Expro International Group Holding Ltd. (UK),
11. Wireline Engineering Ltd. (UK),
12. Oilserv (UAE),
13. SGS (Switzerland),
14. ABB Oil, and Gas and
15. Petrochemical Business Unit (Switzerland)
16. Baker Hughes Company
17. Delta Corporation
18. EthosEnergy Group Limited
19. Integrated Equipment
20. Jereh Oilfield Equipment
21. Jiangsu Sanyi Petroleum Equipment Co., Ltd
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ:
Compactors Market https://www.maximizemarketresearch.com/market-report/compactors-market/76267/
Global Magnetic Separator Market https://www.maximizemarketresearch.com/market-report/global-magnetic-separator-market/116659/
Global Robotic Grippers Market https://www.maximizemarketresearch.com/market-report/global-robotic-grippers-market/119521/
Cotton Spinning Machine Market https://www.maximizemarketresearch.com/market-report/cotton-spinning-machine-market/74538/
Online Food Delivery Market https://www.maximizemarketresearch.com/market-report/global-online-food-delivery-market/88636/
Global Automatic High-Beam Control Marke https://www.maximizemarketresearch.com/market-report/global-automatic-high-beam-control-market/64702/
Overhead Conveyor Market https://www.maximizemarketresearch.com/market-report/overhead-conveyor-market/188065/
Professional Service Robots Market https://www.maximizemarketresearch.com/market-report/professional-service-robots-market/188073/
Global Water Automation and Instrumentation Market https://www.maximizemarketresearch.com/market-report/global-water-automation-and-instrumentation-market/21350/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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