Global Oil Field Equipment Market Insights and Forecast to 2026

In this report, the Global Oil Field Equipment market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Oil Field Equipment market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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Crude oil prices have eased in the past few months and are enough to support the demand for oilfield equipment in the industry. However, the impact of rise in prices have not been universal, with latest development suggesting a surge in the US onshore output (mainly from the shale reserve) and comparatively less activity elsewhere, especially in offshore. The decline in crude oil prices has forced the oil & gas companies to invest in technology to reduce the breakeven prices and change their strategy, which has helped several marginal projects to become viable. As the crude oil prices are increasing and has already crossed USD 70 per barrel mark in May 2018, the upstream investment is expected to grow significantly and bring several projects online, thereby, driving the market.

Growth in oil and gas investment is expected to be especially strong in developing regions, where improving infrastructure will contribute to more drilling activity. The discovery of new reserves and the depletion of existing ones have led to new extraction techniques and increased complexity of drilling, raising the costs of production.

Market Analysis and Insights: Global Oil Field Equipment Market

The global Oil Field Equipment market size is projected to reach US$ 101.5 million by 2026, from US$ 98 million in 2020, at a CAGR of 3.4%% during 2021-2026.

Global Oil Field Equipment Scope and Segment

Oil Field Equipment market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Oil Field Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.

The following manufacturers are covered in this report:

ABB

GE Oil And Gas

Weatherford International

Schlumberger

Superior Energy Services

Pioneer Energy Services

C&J Energy Services

Schlumberger

Halliburton

National Oilwell Varco

Basic Energy Services

Expro International

Wireline Engineering

Oilserv

SBS

Oil Field Equipment Breakdown Data by Type

Drilling Equipment

Field Production Machinery

Pumps & Valves

Oil Field Equipment Breakdown Data by Application

Onshore

Offshore

Regional and Country-level Analysis

The Oil Field Equipment market is analysed and market size information is provided by regions (countries).

The key regions covered in the Oil Field Equipment market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.

Competitive Landscape and Oil Field Equipment Market Share Analysis

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