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Oilfield services market has shown steady growth pattern in recent year’s majorly due to increasing demand for oil, growing use of internal sources of funding, and technological advancements are driving the growth of this market. Moreover, discovery of new oilfields, mergers and acquisitions, and recent licenses and product launches are expected to provide significant opportunities in this market.Meticulous Research® in its latest publication on oilfield services market states that the global oilfield services market will increase at a CAGR of 3.6% from 2019 to 2025 to reach USD 171.7 billion by 2025. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to increasing spending and overall rig and well counts, improving offshore market, and mergers and acquisitions among key players.
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The report provides meticulous analysis of global oilfield services market by segmenting it on the basis of service type (pressure pumping services, oil country tubular goods, wireline services, well intervention services, well completion services, coiled tubing services, seismic testing services, and other services), and location (onshore and off-shore). Wherein, among service types, pressure pumping services segment commanded the largest share in this market majorly due to new oil well discoveries, continuous devotion to technology development, and mandatory requirements of safe and efficient operations at oil wells.
The key players analyzed in the global oilfield services market are Schlumberger, Baker Hughes, Halliburton, Weatherford, China Oilfield Services Limited (COSL), Basic Energy Services, Superior Energy Services, FMC Technologies, and Welltec, Weir Oil & Gas.
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Key Topics Covered in This Report:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
3.1. Introduction
4. Industry Insights
4.1. Introduction
4.2. Market Drivers
4.2.1. Increasing Demand for Oil Across the Globe
4.2.2. Technological Advancements
4.2.3. Increasing Use of Internal Sources of Funding
4.3. Market Restraints
4.3.1. Strict Government Regulations on E&P Activities
4.3.2. Fluctuations in Crude Oil Prices
4.3.3. Shortages of Skilled Labor
4.4. Market Opportunities
4.4.1. Discovery of New Oil Resources
4.4.2. Mergers and Acquisitions
4.5. Market Trends
4.5.1. Digitization to Achieve Cost Optimization
4.5.2. Integrated Value Chain or Bundled Offerings to Lower Customer Costs
4.5.3. Focus on Manufacturing and Long-Term Contracts
4.5.4. Expanding New Market Offerings
5. Oilfield Services Market, by Service Type
5.1. Introduction
5.2. Pressure Pumping
5.3. Oil Country Tubular Goods Services
5.4. Well Intervention and Coiled Tubing
5.5. Drilling and Completion Fluid
5.6. Well Completion
5.7. Wireline Services
5.8. Seismic Testing
5.9. Other Services
6. Oilfield Services Market, by Location
6.1. Introduction
6.2. On-Shore
6.3. Offshore
7. Oilfield Services Market, by Geography
7.1. Introduction
7.2. North America
7.3. Europe
7.4. Asia Pacific (APAC)
7.5. Middle East Africa
7.6. Latin America
8. Competitive Landscape
8.1. Introduction
8.1.1. Acquisitions
8.1.2. Partnerships, Collaborations, and Agreements
8.1.3. New Service Launches
8.1.4. Expansions
9. Company Profiles (Business Overview, Financial Overview, Product & Service Portfolio, Strategic Developments)
9.1. Schlumberger Limited
9.2. Baker Hughes GE
9.3. Halliburton Company
9.4. Weatherford International, Plc
9.5. China Oilfield Services Limited (COSL)
9.6. Basic Energy Services
9.7. Superior Energy Services, Inc.
9.8. FMC Technologies, Inc.
9.9. Welltec
9.10. Weir Oil & Gas
9.11. National Oilwell Varco
9.12. Oil States International, Inc.
9.13. Archer Limited
10. Appendix
10.1. Questionnaire
10.2. Available Customization
List of Tables
Table 1 Recent Mergers and Acquisitions in Oil Field Services Market
Table 2 Global Oilfield Services Market, by Service Type, 2017-2025 (USD Million)
Table 3 Global Pressure Pumping Market, by Region, 2017-2025 (USD Million)
Table 4 Global OCTG Market, by Region, 2017-2025 (USD Million)
Table 5 Global Well Intervention and Coiled Tubing Market, by Region, 2017-2025 (USD Million)
Table 6 Global Drilling and Completion Fluid Market, by Region, 2017-2025 (USD Million)
Table 7 Global Well Completion Market, by Region, 2017-2025 (USD Million)
Table 8 Global Wireline Services Market, by Region, 2017-2025 (USD Million)
Table 9 Global Seismic Testing Market, by Region, 2017-2025 (USD Million)
Table 10 Global Other Services Market, by Region, 2017-2025 (USD Million)
Table 11 Global Oilfield Services Market, by Location, 2017-2025 (USD Million)
Table 12 Global Onshore Services Market, by Region, 2017-2025 (USD Million)
Table 13 Global Offshore Services Market, by Region, 2017-2025 (USD Million)
Table 14 Oilfield Services Market, by Region, 2017-2025 (USD Million)
Table 15 North America Oilfield Services Market, by Service Type, 2017-2025 (USD Million)
Table 16 North America Oilfield Services Market, by Location, 2017-2025 (USD Million)
Table 17 Europe: Oilfield Services Market, by Service Type, 2017-2025 (USD Million)
Table 18 Europe: Oilfield Services Market, by Location, 2017-2025 (USD Million)
Table 19 APAC: Oilfield Services Market, by Service Type, 2017-2025 (USD Million)
Table 20 APAC: Oilfield Services Market, by Location, 2017-2025 (USD Million)
Table 21 MEA: Oilfield Services Market, by Service Type, 2017-2025 (USD Million)
Table 22 MEA: Oilfield Services Market, by Location, 2017-2025 (USD Million)
Table 23 LATAM: Oilfield Services Market, by Service Type, 2017-2025 (USD Million)
Table 24 LATAM: Oilfield Services Market, by Location, 2017-2025 (USD Million)
Table 25 Acquisitions (2016–2018)
Table 26 Partnerships, Collaborations, and Agreements (2016–2018)
Table 27 New Service Launches (2016–2018)
Table 28 Expansions (2016–2018)
List of Figures
Figure 1 Scope of the Global Oilfield Services Market
Figure 2 Key Stakeholders in the Global Oilfield Services Market
Figure 3 Research Process
Figure 4 Key Executives Interviewed
Figure 5 Primary Research Techniques
Figure 6 Markey Size Estimation
Figure 7 Global Oilfield Services Market, 2019 Vs 2025
Figure 8 Pressure Pumping Services Segment Is Expected to Dominate the Oilfield Services Market Till 2025
Figure 9 Onshore Segment Is Expected to Dominate the Oilfield Services Market Till 2025
Figure 10 North America Dominated the Global Oilfield Services Market in 2018
Figure 11 Oilfield Services Market: Industry Insights
Figure 12 Increasing Demand for Oil (2015–2019)
Figure 13 Oil Production by Country, 2017–2019* (Million Bpd)
Figure 14 Fluctuating Crude Oil Prices (2010–2018)
Figure 15 Top Oil Field Discoveries in H1-2018
Figure 16 Main Themes of Digitization in Oilfield Services
Figure 17 Global Oilfield Services Market, by Location, 2019-2025 (USD Million)
Figure 18 Number of Oil Rigs in the Us
Figure 19 Global Offshore Crude Oil Production (2013–2015)
Figure 20 Global Crude Oil Production (2015–2017) and Regional Share (2017)
Figure 21 Oilfield Services Market, by Region, 2017-2025 (USD Million)
Figure 22 Us and Canada Crude Oil Production (2011–2015)
Figure 23 Europe Crude Oil Production (2011–2015)
Figure 24 Growing Oil Production in the Norway, the UK, and Turkey (2014–2016)
Figure 25 Crude Oil Production in APAC (2011–2015)
Figure 26 Top Oil Producing Countries in APAC, 2016
Figure 27 Middle East Africa Crude Oil Production, 2014–2016 (Mbpd)
Figure 28 Middle East Africa Rig Count (2016–2018)
Figure 29 LATAM Crude Oil Production, 2011–2015 (Mbpd)
Figure 30 Competitive Landscape
Figure 31 Schlumberger Limited: Financial Overview (2015-2017)
Figure 32 Baker Hughes GE: Financial Overview (2015-2017)
Figure 33 Halliburton Company: Financial Overview (2015-2017)
Figure 34 Weatherford International, Plc: Financial Overview (2015-2017)
Figure 35 China Oilfield Services Limited (COSL): Financial Overview (2015-2017)
Figure 36 Basic Energy Services: Financial Overview (2015-2017)
Figure 37 Superior Energy Services, Inc.: Financial Overview (2015-2017)
Figure 38 FMC Technologies, Inc.: Financial Overview (2015-2017)
Figure 39 Welltec: Financial Overview (2014-2016)
Figure 40 Weir Oil and Gas: Financial Overview (2015-2017)
Figure 41 National Oilwell Varco: Financial Overview (2015-2017)
Figure 42 Oil States International, Inc.: Financial Overview (2015-2017)
Figure 43 Archer Limited: Financial Overview (2015-2017)
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