Oilfield Services Market
Oilfield Services Market - Global Industry Assessment & Forecast
Segments Covered
- By Application Onshore, Offshore
- By Service Pressure Pumping Services, Oil Country Tubular Goods, Wireline Services, Well Completion Equipment & Services, Well Intervention Services, Drilling & Completion Fluid Services, Drilling Waste Management Services, Coiled Tubing Services
- By Type Equipment rental, Field operation, Analytical services
- By Regions North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 272.45 Million |
Revenue 2030: | USD 421.31 Million |
Revenue CAGR (2023 - 2030): | 5.60% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Oilfield Services Market by Application by Service by Type by Regions - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Apart from the secondary research, we at Vantage Market Research, conduct exhaustive primary research to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Oilfield Services supply-demand scenario in the global and regional markets
- Global and regional market size and segmental trends
- Revalidation of secondary research outcomes and findings
- Further market understandings and upcoming developments
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Oilfield Services market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
FAQ
Frequently Asked Question
What is the global demand for Oilfield Services in terms of revenue?
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The global Oilfield Services valued at USD 272.45 Million in 2022 and is expected to reach USD 421.31 Million in 2030 growing at a CAGR of 5.60%.
Which are the prominent players in the market?
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The prominent players in the market are Baker Hughes Incorporated (US), Halliburton Company (US), Schlumberger Limited (US), Weatherford International, PLC (Switzerland), National Oilwell Varco, Inc. (US), China Oilfield Services Limited (COSL)(China), Superior Energy Services, Inc. (US), Technipfmc.PLC (U.K), Trican Well Service, Ltd. (US), Welltec International APS (Denmark), Nabors Industries, Ltd. (Bermuda), Nordic Well Services, LLC (UAE)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.60% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Oilfield Services include
- rising demand for oilfield services from the on-going shale oil and natural gas production
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Oilfield Services in 2022.