Global Oilfield Equipment Market Insights and Forecast to 2030
Market Perspective
The global Oilfield Equipment Market is expected to reach USD 159.26 billion by the year 2030, growing at a CAGR of 3.7% during the forecast period (2022-2030). The study examines the forces that will shape the global market throughout the forecast period, as well as any constraints or challenges that may arise.
The North American regional market is projected to grow significantly by 2030 compared to its base year of 2022 at a high CAGR due to several growth strategies adopted by key players in the region.
The Asia Pacific regional market is anticipated to witness substantial growth by 2030 compared to its base year of 2022 along with a high CAGR on account of the major advancements in the region.
The European regional market is estimated to record significant growth by 2030 compared to its base year of 2022 at a high CAGR owing to technological developments in the region.
Report Scope
In order to help readers, develop business/growth strategies, evaluate the market competitive environment, assess their position in the current marketplace, and make knowledgeable business decisions regarding Oilfield Equipment, this report aims to provide a thorough presentation of the global market for Oilfield Equipment with both quantitative and qualitative analysis. The research report also provides regional product market sizes by type, application, and market participants. The impact of COVID-19 has been considered when predicting market numbers to provide a clearer view of the market in the past, present, and future.
The global Oilfield Equipment market size, estimates, and forecasts are given in terms of sales volume (K Units) and revenue ($ Millions), with historical and projected data for the years 2017 to 2030 and 2022 as the base year. The Oilfield Equipment market is segmented thoroughly in this study.
Competitive Landscape
The study includes profiles of the competitive environment, major competitors, and their relative market shares for a comprehensive knowledge of the industry. Technology trends as well as new product developments are highlighted in the research report. The decision-maker will gain a better understanding of industry competitiveness and competitive environment methods to increase potential profit through this study.
The Major Key Players Included in the Report:
- Schlumberger
- GE(Baker Hughes)
- National Oilwell Varco
- Weatherford International
- Halliburton
- Cameron International
- Transocean
Market Segmentation
This study report examines the Oilfield Equipment segments by type, application, end-user, region, and country. It also gives the market size (value, volume, and share) and CAGR for the historical period and forecasted period (2017-2021, 2022-2030), using 2021 as the base year. The favorable investment proposition matrices for this market are explained, along with prospective revenue potential across several segments.
Segmentation by Types:
- Drilling Equipment
- Pumps & Valves
- Field Production
- Machinery
- Others
Segmentation by Applications:
- Onshore
- Offshore
Regional Outlook:
Production By Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- China
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAER
Key Drivers and Restraints
In order to help the readers comprehend the overall development, high-impact rendering elements and drivers have been examined in this research report. The report also includes challenges and limitations that can present obstacles to the players. This would help businesses focus and employ business strategies accordingly. Additionally, experts are concentrating on potential future business opportunities.
Reasons to Buy This Report
- To illustrate to readers, the causes of the shifting market environment, sales, revenue, average price, historical data, and forecast statistics are all analyzed. This data is extensive and detailed. For each segment and sub-segment, market value data (in USD million) is provided
- This research offers information on the major market drivers, restraints, challenges, and opportunities, as well as the status and trends of the industry globally. This makes it possible for investors to foresee changes in the market and stay one step ahead of their competitors.
- Stakeholders will benefit from this report's insights and improved understanding of competitors as they work to improve their market position. The market shares and rank (in volume and value) are included in the competitive landscape section along with competitor ecosystem, new product development, expansion, and acquisition. Businesses will be able to easily find the information they need due to its concise analysis, clear graph, and table style.
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- November-2022
- 95
- Global
- machinery-equipment
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