Quick Summary:
In the ever-evolving Oilfield Services industry, harnessing the power of market intelligence has never been more critical. Our latest market research report provides an in-depth look into the global market for Oilfield Services. With an estimated value of US$98.9 Billion in 2022, this market is projected to soar to an impressive US$177.6 Billion by 2030. Notably, sector trends such as Equipment Rental show promising growth, projected to record an 8.5% CAGR, attaining US$99.5 Billion by 2030.
Incorporating a thorough geographical analysis, this report details notable trends across key markets like the United States and China, each boasting robust prospects for growth. Stay competitive with insights from 69 industry leaders, among them Baker Hughes Incorporated and China Oilfield Services Limited. This report equips you with tactics for thriving in the Oilfield Services market, providing a comprehensive platform to navigate this complex and dynamic landscape. Furthermore, your purchase comes with complimentary updates for a year, ensuring you stay ahead of the curve.
Global Oilfield Services Market to Reach $177.6 Billion by 2030
The global market for Oilfield Services estimated at US$98.9 Billion in the year 2022, is projected to reach a revised size of US$177.6 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030. Equipment Rental, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$99.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Field Operation segment is readjusted to a revised 7.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $26.9 Billion, While China is Forecast to Grow at 12.1% CAGR
The Oilfield Services market in the U.S. is estimated at US$26.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$41.3 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.Select Competitors (Total 69 Featured) -
- Baker Hughes Incorporated
- BJ Services Company
- China Oilfield Services Limited
- Fluor
- Halliburton Company
- Nabors Industries Ltd.
- National Oilwell Varco, Inc.
- Nordic Well Services LLC
- Oil States Industries
- Petrofac
- Saipem
- Schlumberger Limited
- SGS S.A.
- Superior Energy Services, Inc.
- Technipfmc PLC
- Transocean
- Trican Well Service Ltd.
- Weatherford International PLC
- Weir Oil and Gas
- Welltec International APS
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Oilfield Services?
What is the growth rate of the Global Market for Oilfield Services?
What is the forecasted size of the Global Market for Oilfield Services?
Who are the key companies in the Global Market for Oilfield Services?
| Report Attribute | Details |
|---|---|
| No. of Pages | 107 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 98.9 Billion |
| Forecasted Market Value ( USD | $ 177.6 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Baker Hughes Incorporated
- BJ Services Company
- China Oilfield Services Limited
- Fluor
- Halliburton Company
- Nabors Industries Ltd.
- National Oilwell Varco, Inc.
- Nordic Well Services LLC
- Oil States Industries
- Petrofac
- Saipem
- Schlumberger Limited
- SGS S.A.
- Superior Energy Services, Inc.
- Technipfmc PLC
- Transocean
- Trican Well Service Ltd.
- Weatherford International PLC
- Weir Oil and Gas
- Welltec International APS
