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Oilfield Equipment Market by Type (Drilling Equipment, Field Production Machinery, Pumps and Valves, and Others) and Application (On-Shore, and Off-Shore): Global Opportunity Analysis and Industry Forecast, 2019–2026

A05977
Pages: 210
Feb 2020 | 142 Views
 
Author(s) : Amar Chinchane , Onkar Sumant
Tables: 82
Charts: 50
 

Oilfield Equipment Market Outlook - 2026

The global oilfield equipment market size was valued at $111,400 million in 2018, and is projected to reach $141,498 million by 2026, growing at a CAGR of 3.1% from 2019 to 2026.  The oilfield equipment are a set of equipment used for excavation and drilling purposes for oil or gas. Its types include solid control equipment, well control equipment, on-shore & off-shore drilling rig, drilling rig components, oilfield supply lots, pump jacks & pumping units, pumps & motors, tanks & vessels, and oilfield trucks and machinery.

Rise in redevelopment of mature oil wells, oil price recovery, and increase in exploration and drilling activities for oil around the globe drives the oilfield equipment market growth.  In addition, the improved economic competitiveness in the oil exploration and drilling & service industries boosts the utilization of oilfield equipment, which in turn fuels the demand for oilfield equipment. However, the fluctuations in foreign currencies continues its influence over profit margins and increase in prices of raw materials are expected to hinder the oilfield equipment market growth.

OilField Equipment Market

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Furthermore, the advanced technology in oilfield equipment offers lucrative growth opportunities for the oilfield equipment market players during forecast period. Emerging technologies in the oil and gas industry have the potential to improve oil and gas production. In addition, advancements in technology in oilfield equipment offers benefits such as increase in safety, reduction in costs, rise in speed of the processes, and, surge in efficiency. 

The advanced technologies such as Artificial Intelligence, IoT, and analytics helps in digitization of oil and gas refineries, pipelines, exploration sites, and infrastructure. This factor enables the oil & gas companies to collect all the respective data on a single platform. Furthermore, there is increase in investment for emerging technologies in oil and gas companies to increase productivity, reduce risks and costs. For instance, in  September 2019, Imperial and Alberta Machine Intelligence Institute (Amii) collaborated to develop machine learning capabilities and artificial intelligence (AI) for the oil & gas industry to improve the safety of its workforce and reduce environmental impacts. Similarly, in December 2019,  Dataiku Technology and Schlumberger established partnership to develop and deploy artificial intelligence solutions across oil and gas operations.

The global oilfield  equipment market is segmented on the basis of type, application, and region. By type, the market is segmented into drilling equipment, field production machinery, pumps and valves, and others. By type, the drilling equipment segment garnered the largest share in terms of revenue in 2018 and the pumps and valves segment is expected to experience high growth during the forecast period. The growing in oil well exploration projects are expected to provide lucrative opportunities for the oilfield equipment market expansion.

Oilfield Equipment Market
By Type

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Pumps and valves segment is projected to grow at a significant CAGR

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By application, it is divided into on-shore, and off-shore. By region, the oilfield equipment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2018, by application, the on-shore segment accounted for the largest share in the global oilfield equipment market in terms of revenue. North America has largest share in the global market in terms of revenue in 2018. Developed economies, such as U.S., and others, are expected to support market expansion due to increase in demand for oil and gas.

Oilfield Equipment Market
By Application

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Automobile segment holds dominant position in 2018

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Competition Analysis

The key market players profiled in the oilfield  equipment  market report include  ABB, Baker Hughes, Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, MSP/Drilex, Inc., Sunnda Corporation, Uztel S.A , and Weir Group.

Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd, JMP Petroleum Technologies, Inc., Msp/drilex, Inc., Uztel S.A, Sunnda Corporation, and Weir Group.

Oilfield Equipment Market
By Region

2026
North America 
Europe
Asia-Pacific
LAMEA

North America holds a dominant position in 2018 and is expected to grow at a highest rate during the forecast period.

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The major players operating in the global oilfield market have adopted key strategies such as business expansion, and partnership to strengthen their market outreach and sustain the stiff competition in the market. For instance, in October 2018, Baker Hughes established partnership with Abu Dhabi National Oil Company to support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated drilling and well construction provider. Similarly, in September 2019, Vår Energi AS has signed an agreement with Baker Hughes to award a subsea contract for the engineering, procurement, construction, and installation (EPCI) of subsea systems and associated services for the Balder X project on the Norwegian Continental Shelf (NCS)..

Key Benefits for Stakeholders:

  • The report provides an extensive analysis of the current and emerging oilfield  equipment market trends and dynamics.  
  • In-depth market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • Extensive analysis of the oilfield equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global oilfield equipment market forecast analysis from 2018 to 2026 is included in the report.
  • The key market players operating in the global oilfield equipment market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the oilfield equipment  industry. 

Global Oilfield  Equipment Market Segments:

By Type

  • Drilling equipment
  • Field Production Machinery
  • Pumps and valves
  • Others

By Application

  • On-shore
  • Off-shore

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Thailand
    • Australia 
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • ABB
  • Baker Hughes
  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • MSP/Drilex, Inc.
  • Sunnda Corporation
  • Uztel S.A 
  • Weir Group
 

CHAPTER 1: INTRODUCTION

1.1. Report description 
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key Findings

3.2.1. Top Investment Pockets

3.3. Porter's five forces analysis
3.4. Key player positioning, 2018
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Rise in exploration and drilling activities for oil around the globe
3.5.1.2. Oil price recovery
3.5.1.3. Redevelopment of mature oil wells

3.5.2. Restraints

3.5.2.1. Increase in prices of raw materials
3.5.2.2. Fluctuations in foreign currencies continue its influence over profit margins

3.5.3. Opportunity

3.5.3.1. Technological developments in oilfield equipment

CHAPTER 4: OILFIELD EQUIPMENT MARKET , BY TYPE

4.1. Overview

4.1.1. Market size and forecast, by type

4.2. Drilling equipment

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. Field Production Machinery

4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. Pumps and valves

4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

4.5. Others

4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

CHAPTER 5: OILFIELD EQUIPMENT MARKET , BY APPLICATION

5.1. Overview

5.1.1. Market size and forecast, by application

5.2. Onshore

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. Offshore

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

CHAPTER 6: OILFIELD EQUIPMENT MARKET , BY REGION

6.1. Overview

6.1.1. Market size and forecast, by region

6.2. North America

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market analysis by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by type
6.2.4.1.2. Market size and forecast, by application

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by application

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by type
6.2.4.3.2. Market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market analysis by country

6.3.4.1. Germany

6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by application

6.3.4.2. Italy

6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by application

6.3.4.3. UK

6.3.4.3.1. Market size and forecast, by type
6.3.4.3.2. Market size and forecast, by application

6.3.4.4. Russia

6.3.4.4.1. Market size and forecast, by type
6.3.4.4.2. Market size and forecast, by application

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by type
6.3.4.5.2. Market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market analysis by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by application

6.4.4.2. India

6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by application

6.4.4.3. Thailand

6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by application

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by application

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market analysis by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by application

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by application

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by application

CHAPTER 7: COMPANY PROFILES

7.1. ABB GROUP

7.1.1. Company overview
7.1.2. Key Executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. R&D Expenditure
7.1.7. Business performance
7.1.8. Key strategic moves and developments

7.2. Delta US Corporation LLC

7.2.1. Company overview
7.2.2. Company snapshot

7.2.3. Product portfolio

7.3. EthosEnergy Group Limited

7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.3.4. Product portfolio

7.4. Baker Hughes

7.4.1. Company overview
7.4.2. Key executive
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.4.6. Research and development expenses
7.4.7. Business performance
7.4.8. Key strategic moves and developments

7.5. Integrated Equipment, Inc.

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. Key strategic moves and developments

7.6. MSP/DRILEX, (Shanghai) Co., Ltd.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio

7.7. Sunnda Corporation

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio

7.8. UZTEL S.A.

7.8.1. Company overview
7.8.2. Key Executives
7.8.3. Company snapshot
7.8.4. Product portfolio
7.8.5. Business performance

7.9. The Weir Group PLC

7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. R&D Expenditure
7.9.7. Business performance
7.9.8. Key strategic moves and developments

7.10. Yantai Jereh Oilfield Services Group Co., Ltd.

7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Product portfolio
7.10.5. R&D Expenditure
7.10.6. Business performance

LIST OF TABLES

TABLE 01. GLOBAL OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE, 2018-2026 ($MILLION)
TABLE 02. OILFIELD EQUIPMENT MARKET REVENUE FOR DRILLING EQUIPMENT, BY REGION 2018–2026($MILLION)
TABLE 03. OILFIELD EQUIPMENT MARKET REVENUE FOR FIELD PRODUCTION MACHINERY , BY REGION 2018–2026($MILLION)
TABLE 04. OILFIELD EQUIPMENT MARKET REVENUE FOR PUMPS AND VALVES , BY REGION 2018–2026($MILLION)
TABLE 05. OILFIELD EQUIPMENT MARKET REVENUE FOR OTHERS, BY REGION 2018–2026($MILLION)
TABLE 06. GLOBAL OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION, 2018-2026 ($MILLION)
TABLE 07. OILFIELD EQUIPMENT MARKET REVENUE FOR ONSHORE, BY REGION 2018–2026($MILLION)
TABLE 08. OILFIELD EQUIPMENT MARKET REVENUE FOR OFFSHORE, BY REGION 2018–2026($MILLION)
TABLE 09. GLOBAL OILFIELD EQUIPMENT MARKET REVENUE, BY REGION 2018–2026($MILLION)
TABLE 10. NORTH AMERICA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 11. NORTH AMERICA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 12. NORTH AMERICA OILFIELD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 13. U.S. OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 14. U.S. OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 15. CANADA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 16. CANADA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 17. MEXICO OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 18. MEXICO OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 19. EUROPE OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 20. EUROPE OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 21. EUROPE OILFIELD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 22. GERMANY OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 23. GERMANY OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 24. ITALY OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 25. ITALY OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 26. UK OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 27. UK OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 28. RUSSIA  OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 29. RUSSIA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 30. REST OF EUROPE OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 31. REST OF EUROPE OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 32. ASIA-PACIFIC OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 33. ASIA-PACIFIC OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 34. ASIA-PACIFIC OILFIELD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 35. CHINA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 36. CHINA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 37. INDIA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 38. INDIA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 39. THAILAND OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 40. THAILAND OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 41. AUSTRALIA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 42. AUSTRALIA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 43. REST OF ASIA-PACIFIC OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 44. REST OF ASIA-PACIFIC OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 45. LAMEA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 46. LAMEA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 47. LAMEA OILFIELD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 48. LATIN AMERICA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 49. LATIN AMERICA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 50. MIDDLE EAST OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 51. MIDDLE EAST OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 52. AFRICA OILFIELD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 53. AFRICA OILFIELD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 54. KEY EXECUTIVES
TABLE 55. COMPANY SNAPSHOT
TABLE 56. ABB GROUP :OPERATING SEGMENTS
TABLE 57. ABB GROUP: PRODUCT PORTFOLIO
TABLE 58. DELTA: COMPANY SNAPSHOT
TABLE 59. DELTA: PRODUCT PORTFOLIO
TABLE 60. ETHOSENERGY: KEY EXECUTIVES
TABLE 61. ETHOSENERGY: COMPANY SNAPSHOT
TABLE 62. ETHOSENERGY: PRODUCT PORTFOLIO
TABLE 63. KEY EXECUTIVE: BAKER HUGHES
TABLE 64. BAKER HUGHES: COMPANY SNAPSHOT
TABLE 65. BAKER HUGHES: OPERATING SEGMENTS
TABLE 66. BAKER HUGHES: PRODUCT PORTFOLIO
TABLE 67. INTEGRATED: COMPANY SNAPSHOT
TABLE 68. INTEGRATED: PRODUCT PORTFOLIO
TABLE 69. MSP/DRILEX: COMPANY SNAPSHOT
TABLE 70. MSP/DRILEX: PRODUCT PORTFOLIO
TABLE 71. SUNNDA: COMPANY SNAPSHOT
TABLE 72. SUNNDA: PRODUCT PORTFOLIO
TABLE 73. UZTEL: KEY EXECUTIVES
TABLE 74. UZTEL: COMPANY SNAPSHOT
TABLE 75. UZTEL: PRODUCT PORTFOLIO
TABLE 76. WEIR: KEY EXECUTIVES
TABLE 77. WEIR: COMPANY SNAPSHOT
TABLE 78. WEIR: OPERATING SEGMENTS
TABLE 79. WEIR: PRODUCT PORTFOLIO
TABLE 80. JEREH: KEY EXECUTIVES
TABLE 81. JEREH: COMPANY SNAPSHOT
TABLE 82. JEREH: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. GLOBAL OILFIELD EQUIPMENT MARKET : KEY PLAYERS
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. MODRATE HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODEARTE TO HIGH BARGAINING POWER OF BUYERS
FIGURE 07. LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 08. MODERATE THREAT OF NEW ENTRANTS
FIGURE 09. MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 10. KEY PLAYER POSITIONING
FIGURE 11. GLOBAL OILFIELD EQUIPMENT MARKET , BY TYPE, 2018-2026
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF OILFIELD EQUIPMENT MARKET FOR DRILLING EQUIPMENT , BY COUNTRY, 2018 & 2026 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF OILFIELD EQUIPMENT MARKET FOR FIELD PRODUCTION MACHINERY  , BY COUNTRY, 2018 & 2026 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF OILFIELD EQUIPMENT MARKET FOR PUMPS AND VALVES , BY COUNTRY, 2018 & 2026 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF OILFIELD EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 16. GLOBAL OILFIELD EQUIPMENT MARKET, BY APPLICATION, 2018-2026
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ONSHORE OILFIELD EQUIPMENT MARKET , BY COUNTRY, 2018 & 2026 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF OFFSHORE OILFIELD EQUIPMENT MARKET , BY COUNTRY, 2018 & 2026 (%)
FIGURE 19. OILFIELD EQUIPMENT MARKET, BY REGION, 2018-2026
FIGURE 20. U.S.OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 21. CANADA OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 22. MEXICO OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 23. GERMANY OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 24. ITALY OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 25. UK OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 26. RUSSIA  OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 27. REST OF EUROPE OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 28. CHINA OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 29. INDIA OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 30. THAILAND OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 31. AUSTRALIA OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 32. REST OF ASIA-PACIFIC OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 33. LATIN AMERICA OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 34. MIDDLE EAST OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 35. AFRICA OILFIELD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 36. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 37. ABB GROUP: REVENUE, 2016–2018 ($MILLION)
FIGURE 38. ABB GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 39. ABB GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 40. BAKER HUGHES: R&D EXPENDITURE, 2016–2018($MILLION)
FIGURE 41. BAKER HUGHES: REVENUE, 2016–2018 ($MILLION)
FIGURE 42. BAKER HUGHES: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 43. BAKER HUGHES: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 44. UZTEL: REVENUE, 2016–2018 ($MILLION)
FIGURE 45. WEIR: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 46. WEIR: REVENUE, 2016–2018 ($MILLION)
FIGURE 47. WEIR: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48. WEIR: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49. JEREH: R&D EXPENDITURE, 2017–2018 ($MILLION)
FIGURE 50. JEREH: REVENUE, 2016–2018 ($MILLION)

 
 

The oilfield equipment market provides high growth potential in the oil and gas industry owing to rise in investment for oil and gas exploration. The market has witnessed significant growth over the past decade, owing to increase in the demand for oilfield equipment due to rise in redevelopment of mature oil wells. For instance, in February 2019, Saudi Aramco planned to expand the oil and gas exploration internationally. The company aims to compete with the major competitors such as Royal Dutch Shell and Exxon Mobil to expand into overseas drilling. Similarly, in November 2018, PetroChina, a China based oil and gas company is aiming to raise the oil output in 2021 at northwestern Xinjiang region. The site is a newly discovered oilfield. In addition, PetroChina and Sinopec, the China-based top oil companies have collaborated to explore and produce crude oil in the western regions of China to increase the domestic output.

Market players are also expanding their companies and enhancing their product portfolios to increase their market potential in terms of geographic and customer base expansion. Moreover, the leading players in the market are producing affordable, and efficient oilfield equipment to cater to a large customer base. For instance, in September 2019, Vår Energi AS has signed agreement with Baker Hughes to award a subsea contract for the engineering, procurement, construction and installation (EPCI) of subsea systems and associated services for the Balder X project on the Norwegian Continental Shelf (NCS). In addition, in October 2018, Baker Hughes established partnership with Abu Dhabi National Oil Company to support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated drilling and well construction provider.

Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global market throughout the forecast period, followed by Asia-Pacific, Europe, and LAMEA.

 

 

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A. The oil field equipment market growth is projected to reach $141,498 million by 2026.

A. By type, the drilling equipment segment accounted for the largest share in the oilfield equipment market in 2018.

A. To get latest version of oil field equipment market report.

A. The rise in redevelopment of mature oil wells, and oil price recovery are the key trends in the oil field equipment market

A. The global oilfield equipment market size was valued at $111,400 million in 2018.

A. Based on top growing big corporation, we select top 10 players.

A. The company profile has been selected on basis of geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The increase in exploration and drilling activities for oil around the globe is affecting factor for oil field equipment market.

A. Partnership is the key growth strategy of oil field equipment industry players.

A. The applications of oil field equipment include drilling, exploration, and production of oil.

 

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