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Global Oilfield Services Market Size study, by Application (Onshore, Offshore), By Service (Workover & Completion, Production, Drilling, Subsea, Seismic, Processing & separation services, Others), by Type (Equipment rental, Field Operation, Analytical & Consulting services) and Regional Forecasts 2022-2028

  • BIZ4983424
  • 200 Pages
  • July 2022
  • Energy and Power
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Global Oilfield Services Market is valued approximately USD 117.69 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2022-2028. The oilfield equipment and services (or OFS) industry encompasses all goods and services related with the oil and gas exploration and production process, i.e., the energy industry's upstream sector. In general, these businesses manufacture, repair, and maintain equipment used in oil extraction and transportation. The increasing construction of new oilfields and rising energy consumption are projected to be significant drivers of the market over the forecast period. According to the United States Energy Information Administration (EIA), worldwide energy consumption is increasing rapidly as a result of rising power usage and transportation. This is bolstered further by growing per capita income and a boom in global GDP. Over the previous few years, the global economy has grown steadily. Mature economies such as the United States and Europe had GDP growth after 2011 as a result of capacity expansions in numerous industries, higher exports, and growing individual incomes. Over the last decade, technology has grown increasingly crucial in oil and gas exploration and production. Industry participants are focused on technological advancements that will assist them in increasing overall production and operational efficiency. Contributors to oil services aimed to create further technology advancements that would improve the productivity and costs of E&P activities. During the projected period, this is likely to boost the market. Shale gases are natural gases trapped in shale strata. This is due to the poor permeability of shale rocks, trapped gases cannot easily flow deep into the ground. To increase the permeability of such shale reservoirs and liberate trapped shale gases, oil and gas firms utilize hydraulic fracturing and maybe other stimulation procedures. The ultra-deep-water finding in Guyana, the United States, and Cyprus is controlled entirely by big oil firms, indicating that the industry's focus has shifted to deep-water exploration. New oil field discoveries generate appealing opportunities for the oil and gas industry's services sector, propelling market expansion throughout the projection period. According to BP's Energy Outlook 2017, natural gas consumption is expected to expand at the fastest rate from 2008 to 2020. It is expected to expand at a CAGR of 1.9 percent from 2012 to 2035, with non-OECD nations accounting for the majority of this growth, surpassing demand in OECD member countries. The rising need for energy, particularly natural gas, has shifted the market's focus to oilfield services. However, a drop in crude oil prices stifles market development throughout the projection period of 2022-2028.

The key regions considered for the Global Oilfield Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific emerged as the market leader. Over the previous decade, Asia Pacific has emerged as a key energy user. The region's rising energy consumption is fueled by an ever-increasing population, particularly in China and India, which feeds the fundamental energy requirements for power, transportation, and cooking fuel. The region's need for crude oil and hydrocarbons is expanding due to the region's rapid urbanization.

Major market player included in this report are:

Schlumberger

Halliburton

Baker Hughes

Weatherford International

Calfrac Well Services

Cudd Energy Services

National Oilwell Varco, Inc

China Oilfield Services Limited (COSL)

Superior Energy Services, Inc.

Technipfmc.PLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Onshore

Offshore

By Service:

Workover & Completion

Production

Drilling

Subsea

Seismic

Processing & separation services

Others

By Type:

Equipment rental

Field Operation

Analytical & Consulting services

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Oilfield Services Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Oilfield Services Market, by Region, 2020-2028 (USD Billion)

1.2.2. Oilfield Services Market, by Application, 2020-2028 (USD Billion)

1.2.3. Oilfield Services Market, by Service, 2020-2028 (USD Billion)

1.2.4. Oilfield Services Market, by Type, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Oilfield Services Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Oilfield Services Market Dynamics

3.1. Oilfield Services Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increasing development of new oilfields

3.1.1.2. Rising demand for energy

3.1.2. Market Challenges

3.1.2.1. Drop in crude oil prices

3.1.3. Market Opportunities

3.1.3.1. Technological improvements in Oilfield Services

Chapter 4. Global Oilfield Services Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Oilfield Services Market, by Application

6.1. Market Snapshot

6.2. Global Oilfield Services Market by Application, Performance - Potential Analysis

6.3. Global Oilfield Services Market Estimates & Forecasts by Application 2018-2028 (USD Billion)

6.4. Oilfield Services Market, Sub Segment Analysis

6.4.1. Onshore

6.4.2. Offshore

Chapter 7. Global Oilfield Services Market, by Service

7.1. Market Snapshot

7.2. Global Oilfield Services Market by Service, Performance - Potential Analysis

7.3. Global Oilfield Services Market Estimates & Forecasts by Service 2018-2028 (USD Billion)

7.4. Oilfield Services Market, Sub Segment Analysis

7.4.1. Workover & Completion

7.4.2. Production

7.4.3. Drilling

7.4.4. Subsea

7.4.5. Seismic

7.4.6. Processing & separation services

7.4.7. Others

Chapter 8. Global Oilfield Services Market, by Type

8.1. Market Snapshot

8.2. Global Oilfield Services Market by Type, Performance - Potential Analysis

8.3. Global Oilfield Services Market Estimates & Forecasts by Type 2018-2028 (USD Billion)

8.4. Oilfield Services Market, Sub Segment Analysis

8.4.1. Equipment rental

8.4.2. Field Operation

8.4.3. Analytical & Consulting services

Chapter 9. Global Oilfield Services Market, Regional Analysis

9.1. Oilfield Services Market, Regional Market Snapshot

9.2. North America Oilfield Services Market

9.2.1. U.S. Oilfield Services Market

9.2.1.1. Application breakdown estimates & forecasts, 2018-2028

9.2.1.2. Service breakdown estimates & forecasts, 2018-2028

9.2.1.3. Type breakdown estimates & forecasts, 2018-2028

9.2.2. Canada Oilfield Services Market

9.3. Europe Oilfield Services Market Snapshot

9.3.1. U.K. Oilfield Services Market

9.3.2. Germany Oilfield Services Market

9.3.3. France Oilfield Services Market

9.3.4. Spain Oilfield Services Market

9.3.5. Italy Oilfield Services Market

9.3.6. Rest of Europe Oilfield Services Market

9.4. Asia-Pacific Oilfield Services Market Snapshot

9.4.1. China Oilfield Services Market

9.4.2. India Oilfield Services Market

9.4.3. Japan Oilfield Services Market

9.4.4. Australia Oilfield Services Market

9.4.5. South Korea Oilfield Services Market

9.4.6. Rest of Asia Pacific Oilfield Services Market

9.5. Latin America Oilfield Services Market Snapshot

9.5.1. Brazil Oilfield Services Market

9.5.2. Mexico Oilfield Services Market

9.6. Rest of The World Oilfield Services Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Schlumberger

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Application Summary

10.2.1.5. Recent Developments

10.2.2. Halliburton

10.2.3. Baker Hughes

10.2.4. Weatherford International

10.2.5. Calfrac Well Services

10.2.6. Cudd Energy Services

10.2.7. National Oilwell Varco, Inc

10.2.8. China Oilfield Services Limited (COSL)

10.2.9. Superior Energy Services, Inc.

10.2.10. Technipfmc.PLC

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 1. Global Oilfield Services Market, report scope

TABLE 2. Global Oilfield Services Market estimates & forecasts by Region 2018-2028 (USD Billion)

TABLE 3. Global Oilfield Services Market estimates & forecasts by Application 2018-2028 (USD Billion)

TABLE 4. Global Oilfield Services Market estimates & forecasts by Service 2018-2028 (USD Billion)

TABLE 5. Global Oilfield Services Market estimates & forecasts by Type 2018-2028 (USD Billion)

TABLE 6. ssGlobal Oilfield Services Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 7. Global Oilfield Services Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 8. Global Oilfield Services Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 9. Global Oilfield Services Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 10. Global Oilfield Services Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 11. Global Oilfield Services Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 12. Global Oilfield Services Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 13. Global Oilfield Services Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 14. Global Oilfield Services Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 15. Global Oilfield Services Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 16. U.S. Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 17. U.S. Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 18. U.S. Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 19. Canada Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 20. Canada Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 21. Canada Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 22. UK Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 23. UK Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 24. UK Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 25. Germany Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 26. Germany Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 27. Germany Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 28. RoE Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 29. RoE Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 30. RoE Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 31. China Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 32. China Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 33. China Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 34. India Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 35. India Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 36. India Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 37. Japan Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 38. Japan Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 39. Japan Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 40. RoAPAC Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 41. RoAPAC Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 42. RoAPAC Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 43. Brazil Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 44. Brazil Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 45. Brazil Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 46. Mexico Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 47. Mexico Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 48. Mexico Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 49. RoLA Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 50. RoLA Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 51. RoLA Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 52. Row Oilfield Services Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 53. Row Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 54. Row Oilfield Services Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 55. List of secondary sources, used in the study of global Oilfield Services Market

TABLE 56. List of primary sources, used in the study of global Oilfield Services Market

TABLE 57. Years considered for the study

TABLE 58. Exchange rates considered

 
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