Market Overview:
The global oil field services market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. Moreover, the growing exploration and production activities in offshore areas are expected to drive the growth of the market during the forecast period. The well completion equipment & services segment is projected to leadthe global oil field services market duringthe forecast period. This segment isexpectedtogrow at aCAGRof X.
Product Definition:
Oil Field Services usually refers to the businesses and activities that are involved in providing products and services to the oil and gas industry. This can include everything from drilling rigs and support equipment, to transportation, refining, marketing and sales. The oil field services sector is an important part of the overall energy industry, responsible for supplying critical infrastructure and products needed to develop new oil fields, produce petroleum products and transport them to consumers.
Well Completion Equipment & Services:
Well Completion Equipment & Services is the equipment and services used in oil field services to complete wells. The factors that determine the growth of this market include; number of active drilling sites, demand for crude oil, production from existing wells and rate at which new wells are being drilled. Also known as perforating, cementing or casing well completion these activities are done to get a good flow of crude oil from an existing well to desired destination through new pipelines with minimum losses.
Drilling & Completion Fluids Services:
Drilling & completion fluids services are used in the oil field services market to carry out drilling and completion operations. These operations are performed to extract hydrocarbons from the ground. The major function of these fluids is to carry rock cuttings away from the drill bit, either by gravity or by using pumps.
Application Insights:
Onshore application dominated the global oil field services market in 2017, accounting for over 75% of the revenue share. The growth can be attributed to increasing onshore exploration activities across major economies such as Saudi Arabia, Russia and China. Furthermore, growing demand for onshore facilities due to an increase in domestic production is expected to drive industry growth over the forecast period.
The offshore segment is anticipated to witness significant growth during the study period owing to rising investments by various companies including StatoilHydro ASA (operator with 50% interest), RepsolSergio Romero) and BP ( operator with 30% interest). Increasing number of deepwater projects coupled with technological advancements are expected fuel industry expansion over next seven years. For instance, development of ultra-deepwater resources in Brazil will require extensive use of well intervention services which is likely to augment market penetration during this period.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a major oil producer, is home to several large-scale oil field service companies such as Halliburton and Schlumberger that offer drilling fluids services and well completion equipment & services respectively. Moreover, technological advancements coupled with increasing demand for onshore and offshore drilling activities are expected to drive the regional market over the forecast period.
Asia Pacific is estimated to be the fastest-growing region from 2018 to 2030 owing to rising investments by foreign players in this region along with growing demand for pressure pumping services from various end-use industries such as mining, agriculture, power generation, etc. China led this regional market followed by India owing to rapid development of unconventional energy resources in these countries which has resulted into increased exploration activities across both onshore and offshore locations globally (i.e., South China Sea & Indian Ocean).
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in exploration and production activities by oil and gas companies
- Proliferation of new technologies that improve the efficiency of oilfield services operations
- Growing focus on cost-effective production methods to maximize profitability
- Expansion of the global refining capacity
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Field Services Market Research Report
By Type
Well Completion Equipment & Services, Drilling & Completion Fluids Services, Drilling Waste Management Services, Oil Country Tubular Goods, Pressure Pumping Services, Well Intervention, Wireline Services
By Application
Onshore, Offshore
By Companies
Halliburton, Schlumberger, Weatherford International, Abbot Group, Superior Energy Services, National OilWell Varco, COSL, Acteon, Aker Solutions, Baker Hughes, Cyntech, Ensco plc, Fluor Corporation, Hytera, Nabors Industries, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Oil Field Services Market Report Segments:
The global Oil Field Services market is segmented on the basis of:
Types
Well Completion Equipment & Services, Drilling & Completion Fluids Services, Drilling Waste Management Services, Oil Country Tubular Goods, Pressure Pumping Services, Well Intervention, Wireline Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Halliburton
- Schlumberger
- Weatherford International
- Abbot Group
- Superior Energy Services
- National OilWell Varco
- COSL
- Acteon
- Aker Solutions
- Baker Hughes
- Cyntech
- Ensco plc
- Fluor Corporation
- Hytera
- Nabors Industries
- Siemens
Highlights of The Oil Field Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Well Completion Equipment & Services
- Drilling & Completion Fluids Services
- Drilling Waste Management Services
- Oil Country Tubular Goods
- Pressure Pumping Services
- Well Intervention
- Wireline Services
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil Field Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil Field Services is a company that provides services to the oil and gas industry. These services can include drilling, production, well construction, and field operations.
Some of the major players in the oil field services market are Halliburton, Schlumberger, Weatherford International, Abbot Group, Superior Energy Services, National OilWell Varco, COSL, Acteon, Aker Solutions, Baker Hughes, Cyntech, Ensco plc, Fluor Corporation, Hytera, Nabors Industries, Siemens.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Field Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil Field Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Field Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil Field Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil Field Services Market Size & Forecast, 2018-2028
4.5.1 Oil Field Services Market Size and Y-o-Y Growth
4.5.2 Oil Field Services Market Absolute $ Opportunity
Chapter 5 Global Oil Field Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil Field Services Market Size Forecast by Type
5.2.1 Well Completion Equipment & Services
5.2.2 Drilling & Completion Fluids Services
5.2.3 Drilling Waste Management Services
5.2.4 Oil Country Tubular Goods
5.2.5 Pressure Pumping Services
5.2.6 Well Intervention
5.2.7 Wireline Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil Field Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil Field Services Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Field Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil Field Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil Field Services Analysis and Forecast
9.1 Introduction
9.2 North America Oil Field Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil Field Services Market Size Forecast by Type
9.6.1 Well Completion Equipment & Services
9.6.2 Drilling & Completion Fluids Services
9.6.3 Drilling Waste Management Services
9.6.4 Oil Country Tubular Goods
9.6.5 Pressure Pumping Services
9.6.6 Well Intervention
9.6.7 Wireline Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil Field Services Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil Field Services Analysis and Forecast
10.1 Introduction
10.2 Europe Oil Field Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil Field Services Market Size Forecast by Type
10.6.1 Well Completion Equipment & Services
10.6.2 Drilling & Completion Fluids Services
10.6.3 Drilling Waste Management Services
10.6.4 Oil Country Tubular Goods
10.6.5 Pressure Pumping Services
10.6.6 Well Intervention
10.6.7 Wireline Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil Field Services Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil Field Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil Field Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil Field Services Market Size Forecast by Type
11.6.1 Well Completion Equipment & Services
11.6.2 Drilling & Completion Fluids Services
11.6.3 Drilling Waste Management Services
11.6.4 Oil Country Tubular Goods
11.6.5 Pressure Pumping Services
11.6.6 Well Intervention
11.6.7 Wireline Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil Field Services Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil Field Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil Field Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil Field Services Market Size Forecast by Type
12.6.1 Well Completion Equipment & Services
12.6.2 Drilling & Completion Fluids Services
12.6.3 Drilling Waste Management Services
12.6.4 Oil Country Tubular Goods
12.6.5 Pressure Pumping Services
12.6.6 Well Intervention
12.6.7 Wireline Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil Field Services Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil Field Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil Field Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil Field Services Market Size Forecast by Type
13.6.1 Well Completion Equipment & Services
13.6.2 Drilling & Completion Fluids Services
13.6.3 Drilling Waste Management Services
13.6.4 Oil Country Tubular Goods
13.6.5 Pressure Pumping Services
13.6.6 Well Intervention
13.6.7 Wireline Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil Field Services Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil Field Services Market: Competitive Dashboard
14.2 Global Oil Field Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton
14.3.2 Schlumberger
14.3.3 Weatherford International
14.3.4 Abbot Group
14.3.5 Superior Energy Services
14.3.6 National OilWell Varco
14.3.7 COSL
14.3.8 Acteon
14.3.9 Aker Solutions
14.3.10 Baker Hughes
14.3.11 Cyntech
14.3.12 Ensco plc
14.3.13 Fluor Corporation
14.3.14 Hytera
14.3.15 Nabors Industries
14.3.16 Siemens
