123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Oilfield Services Market To Expand At A Cagr Of 3.35%, Global Key Players, Trends, Share, Industry S

By Author: MarketsandMarkets™ INC.
Total Articles: 43

The report "Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to 2022", The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.

Browse 86 Market Data Tables and 113 Figures spread through 248 Pages and in-depth TOC on "Oilfield Services Market - Global Forecast to 2022"

The onshore segment is expected to hold the largest share of the oilfield services market, by application, during the forecast period.

The onshore sub-segment, within the application segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the offshore segment is expected to grow at the fastest rate during the forecast period. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas. This would ultimately create new revenue pockets for the oilfield services market during the forecast period. Oilfield services plays a critical role in challenging environmental conditions such as HPHT and unconventional reservoirs.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263907746

The pressure pumping services oilfield services sub-segment, within the services segment, is expected to hold the largest share of the oilfield services market during the forecast period.

The pressure pumping services oilfield sub-segment, within the services segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the well completion equipment and services segment is expected to grow at the fastest rate during the forecast period. Pressure pumping oilfield services are used for applications such as well cementing and stimulation. Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services. Countries such as the U.S. and China are expected to drive the market demand, mostly because of the ongoing shale boom.

Request Sample Report Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=263907746

North America: The leading market for oilfield services

In this report, the oilfield services market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market in North America is expected to dominate the global oilfield services market, given increased oil & gas exploration activities, especially in the U.S. The production of oil & gas from oil sands, tight gas, and natural gas from coal, in Canada, combined with shale gas activities in the U.S., would drive the oilfield services market in North America.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the oilfield services market. These players include Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), and GE Oil & Gas (U.K.). The leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Total Views: 3Word Count: 618See All articles From Author

General Articles

1. Tips For Succeeding As An Online Student
Author: Jake Joke

2. The Different Ways In Which A Tutor Can Help Your Child Right!
Author: Maira Gomez

3. Best Day Hikes From Kathmandu
Author: Best Day Hikes From Kathmandu

4. The Best Place To Get Your Kicker Car Subwoofer
Author: Shams Nabi

5. Live Cricket Play Takes Fan Into The World Of Real Cricket Spirit
Author: nostragamus

6. Quick And Simple Pest Control Strategies That You Could Carry Out In Your House
Author: marisn mackle

7. Essential Things To Know For Keeping Your Home Free From Harmful Insects
Author: Anna Benes

8. 10 Most Famous Bollywood Entertainment Blogs That You Love To Know
Author: hollywood entertainment blogs

9. Truck Full Of Flavor | Thefoodturck
Author: Thefoodturck

10. Main Production Process Of Gi Steel Coil
Author: juniper

11. Pestle Insights On The Economic Output Of New Zealand
Author: Aarkstore Enterprise

12. Digital Marketing Tools To Grow Your Business
Author: YOCreativ Pvt Ltd

13. Certaines Femmes Ont Automatiquement L'idée
Author: robewe

14. Reading Their Mind And Body
Author: Askganesha

15. Buy Cheap Vape Juice From Broke Dick
Author: Richard Broke

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: