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The Oilfield Equipment Market is segmented by Deployment (Onshore and Offshore), Equipment Type (Drilling Equipment, Production Equipment, and Other Equipment Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Fastest Growing Market:
The oilfield equipment market is expected to register a CAGR of over 2% during the forecast period (2020 – 2025). Factors, such as increasing number of deep-water and ultra-deepwater fields and the growing drilling operations in regions (like South America, North America, and Middle-East and Africa), are expected to drive the demand for oilfield equipment market. However, the volatile oil prices, owing to the supply-demand gap and geopolitics, are some of the major factors restraining the growth of the market studied.
The onshore segment is expected to have the maximum share in the market, in 2021. Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of worldwide oil production.
The increasing oil and gas discoveries, coupled with the liberalization in the industry, globally, has been leading to the creation of new opportunities for the players to invest in.
North America is estimated to have the maximum share of the oilfield equipment market, in 2018. Additionally, the growth rate of South America is expected to be the highest, primarily due to the rapidly increasing oil and gas activities in the region, over the forecast period.
The oilfield equipment market report include:
|By Equipment Type|
|Other Equipment Types|
|Middle-East and Africa|
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The oilfield equipment market is partially consolidated with some of the top companies holding the major share of the market. Some of the companies are Schlumberger Limited, Baker Hughes Company, Halliburton Company, Weatherford International PLC, and National Oilwell Varco Inc., among others.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Onshore and Offshore Active Rig Count and Forecast, till 2025
4.4 Crude Oil and Natural Gas Production and Forecast, till 2025
4.5 Historic and Demand Forecast of CAPEX in USD billion, by Onshore and Offshore, 2017 - 2025
4.6 Major Upcoming Upstream Projects
4.7 Recent Trends and Developments
4.8 Market Dynamics
4.9 Supply Chain Analysis
4.10 Porter's Five Forces Analysis
4.10.1 Bargaining Power of Suppliers
4.10.2 Bargaining Power of Consumers
4.10.3 Threat of New Entrants
4.10.4 Threat of Substitutes Products and Services
4.10.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Deployment
5.2 By Equipment Type
5.2.1 Drilling Equipment
5.2.2 Production Equipment
5.2.3 Other Equipment Types
5.3 By Geography
5.3.1 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Schlumberger Limited
6.3.2 Weatherford International PLC
6.3.3 Baker Hughes Company
6.3.4 Halliburton Company
6.3.5 Tenaris SA
6.3.6 TMK Ipsco Enterprises Inc.
6.3.7 National Oilwell Varco Inc.
6.3.8 Vallourec SA
6.3.9 Aker Solutions ASA
6.3.10 Stabil Drill
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability