Oilfield Equipment Industry Overview:

Global oilfield equipment market is expected to observe phenomenal growth during the forecast period owing to increasing exploration and drilling activities and recovery of oil prices after price shock of 2014. The oilfield service industry is completely dependent on upstream operations thus, in this scenario, it will be profited. Oilfield equipment are elementary equipment used for the development of successfully explored oilfields. These include a wide range of equipment that perform the functions starting from drilling to well completion. The main functions of oilfield equipment include drilling, data acquisition, well intervention, well logging, well completion, pressure maintenance, flow control, and others.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1392

In recent times oil and gas has been witnessing a significant downturn due to the continuous fall in the prices. These changes in the supply and demand dynamics is expected to raise the number of oil wells thus, resulting in boosting the oil field Equipment market. Increasing demand for oil and gas is also expected to fuel the demand in the oilfield Equipment market.

Prominent Players Analysis

The key players of global wireline services market are GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), SGS (Switzerland), ABB Oil, and Gas and Petrochemical Business Unit (Switzerland) are among others.

Get Complete Report at: https://www.marketresearchfuture.com/reports/oil-field-equipment-market-1392

Oilfield Equipment Segments Market Analysis

Global oilfield equipment market is segmented on the basis of equipment, type and region.

Based on equipment the market is further segmented into Drilling Equipment, Field Production Machinery, Pumps, Valves, Others. Amongst these segments, drilling equipment segments holds the largest share due to increased number of drilling projects across the globe.

On the basis of type, market is classified as drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves, Manifold). Drill Pipe segment accounts for the largest market share due to large drilling activities in offshore and onshore. Also, shale production, which requires drill pipes as an essential set of equipment, has witnessed growth.

Based on region, the global oilfield equipment market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa.

Geographic Analysis

North America region held the largest market share in oilfield equipment market. In North America region exploration activities and rock study activities for shale oil, oil sands, and carbonate rocks are rising. For instance the production from shale oil in 2017 was 4.67 million barrels, which contributed half of the total oil produce from U.S. Asia Pacific and Africa region are likely to lead to the growth of oilfield equipment market. Major growth is attributed to the discoveries in Gulf of Thailand, and South China Sea from Asia Pacific and Mediterranean Sea and Egypt desert from Africa.

View More Info @ https://on.mktw.net/2Wy12IJ

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]