29 November 2019
The Oilfield Services Market Report 2020-2030: Forecasts by Services (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, Wireline Services), By Application (Onshore, Offshore), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
Oilfield facilities include, among many others, numerous oil-related activities such as discovery, excavation, construction, stabilization, development, and involvement to achieve different objectives throughout the entire life cycle of oil well exploration. In well logging, perforation, zonal separation, well relaxation, sand cleaning, and placing tubing plugs, the facilities are also useful. Such facilities support explorers in discovering and processing oil and gas reserves. The key factors that are expected to drive market growth are the discovery of new oil & gas fields along with growing crude oil production volume coupled with the implementation of EOR methodology in maturing oilfields.
Mexican oil & gas industry liberalization along with Mexican oil & gas industry liberalization along with U.S. & China's Shale Revolution are the reasons that will improve the worldwide market. In addition, declines in Asian countries such as Indonesia and Thailand's oil output are other variables that will stimulate market growth. Reduction in exploration-related mining activities along with falling prices of crude oil are key factors that hamper market growth. Recent oil & gas discoveries in the Arctic region, along with growing mergers & acquisitions and re-fracking of conventional oil & gas wells, are the reasons that are expected to offer this industry ample growth opportunities.
The sector is positively affected by technological advances that improve efficiency of oilfield services. Oilfield service providers use these developments to improve productivity by automating oilfield operations and facilities, investing in high-performance software and technologies, and using data-driven methodology to automate practices such as mining, fracking, and manufacturing. Additionally, high reliability, accuracy and decline in time and labour costs and time are other factors why service providers make extensive use of technologically advanced oilfield equipment, thereby having a positive effect on market growth over the forecast period at a CAGR of more than 3 percent.
The global market for oilfield equipment is highly fragmented. The industry is in the growth phase, and by the end of the forecast period, rivalry is anticipated to become less strong. The research report offers an overview of the competitive landscape of the industry and provides information on the products offered by different leading companies in order to help clients increase their sales shares in the sector.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Vibration, displacement, and mechanical sources (including biomechanical and electrostatic) comprise the most diverse and the most potent of all energy sources. Solar and PV energy harvesting is advanced in comparison to the harvesting of other sources in terms of the technology’s maturity and commercialization. Aggressive price reductions by stakeholders will play a role in the sustenance of leadership and a faster-than-average growth rate.
17 April 2021
VPP is a relatively new yet appealing idea that requires extensive study in order to be implemented. This paper offers a systematic overview of the literature on various VPP meanings, elements, and their relationships. An analysis of various optimization strategies seeks to enhance either the VPP structure or the VPP operation under consideration.
16 April 2021
Governments from various regions are introducing initiatives to control the growth of pollution. Developed and developing countries’ governments are estimated to implement objectives, regulations, and favorable policies for electric vehicle deployment and its demand.
09 April 2021
Growing implementation of test benches in various industrial applications, such as semiconductor and electronics, industrial manufacturing, and automotive are primarily influencing the market’s growth in the coming years.