Global Oil field Services Market

The global oilfield services market was valued at US$ XX Mn in 2017 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. Oilfield service providing companies themselves do not typically produce petroleum themselves. Instead they provide a wide range of services to the petroleum exploration and production industry. The services include equipment, infrastructure, transportation and intellectual property.Increasedusage of oil by various end-users such as industries, transportation and power plants has increased the demand oil by several folds over the last few years. To counter this demand the concerned companies are investing in production and exploration activities for increased production. Technological progresses have enabled companies to perform more economical processes, and extraction from new sources. All these have created the necessity for the oilfield services.

Market Dynamics:

In the current global scenario the following factors are very important in deciding the fate of the industry:

Market Drivers:

To meet the ever-increasing demand of oilthere has been increase in the offshore exploration and production activities. This creates new revenue pockets throughout the globe thus boosting the market.

The global rig counts have drastically decreased which has increased the demand for the oilfield services.

Development of new technologies like EOR (Enhanced Oil Recovery) and Vertical Drilling has increased the range of uses of the sector and encouraged further investments by companies.

MARKET RESTRAINTS:

Volatility of the oil prices is one of the major restraining factors. It often leads to unpredictability. It creates problems in making future planning and budget estimations for the companies.

Some of the deep and ultra deep water locations pose serious operational challenges in expansion of the industry.

Gradual shift of focus on the harnessing of the renewable sources of energy also negatively affect the market.

The exploration, extraction and production operations are often associated with ecological concerns. Resultantly, the industry often faces strict restrictions.

Market Opportunities:

Some regions of earth hold appreciable reserve of oil. But with the current technologies extraction from those places are either not possible or not economical. Successful completion of several ongoing researches and infrastructure upgrading programs will allow exploitation of these untapped resources.

Market Segmentation:

The oilfield services market can be segmented into the following parts:

Based on application:
> Onshore services
> Offshore services
Based on services:
> Coiled Tubing Services
> Well Completion Equipment & Services
> Drilling and Completion Fluids Services
> Drilling Waste Management Services
> Oil Country Tubular Goods
> Pressure Pumping Services
> Well Intervention
> Wireline Services
Based on regions:
> North-America
> Europe
> Asia-Pacific
> South America
> Middle East and Africa
Geographic Analysis:

The North American oilfield services lead the market. Countries like the US and China drives the mark demand. But America is expected to dominate the market due to its increased oil and gas exploration activities. The middle-east is also witnessing a promising growth of the market owing to the investments in countries like India, Indonesia, China etc.

Key players:

Some of the Key players in the globalcurrent global scenario are:

--> Baker Hughes

--> Halliburton

--> Schlumberger

--> Weatherford International

--> Superior Energy Services

--> GE Oil & Gas

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

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