The global Oilfield Service market was valued at US$ 211780 million in 2022 and is projected to reach US$ 253180 million by 2029, at a CAGR of 2.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The oilfield services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, include many technology-based services that are vital for successful field operations. Such services include locating energy sources, energy data management, drilling and formation evaluation, geological sciences, and many others.
Oilfield Service Market aims to provide a comprehensive presentation of the global market for Oilfield Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oilfield Service. Oilfield Service Market contains market size and forecasts of Oilfield Service in global, including the following market information:
- Global Oilfield Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
Global Oilfield Services key players include Schlumberger, Halliburton, TechnipFMC, Baker Hughes (GE), Saipem, etc. Global top five manufacturers hold a share about 35%.
North America is the largest market, with a share over 35%, followed by Asia-Pacific and Europe, both have a share about 40 percent.
In terms of product, Drilling Services is the largest segment, with a share about 40%. And in terms of application, the largest application is Onshore, followed by Cereals and Offshore.
We surveyed the Oilfield Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oilfield Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Oilfield Service Market Segment Percentages, by Type, 2022 (%)
- Coiled Tubing
- Wireline
- OCTG(Oil Country Tubular Goods)
- Completion Equipment & Services
- Well Intervention
- Drilling & Completion Fluids
- Pressure Pumping
- Drilling Waste Management
Global Oilfield Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Oilfield Service Market Segment Percentages, by Application, 2022 (%)
- Onshore
- Shallow Water
- Deep Water
Global Oilfield Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Oilfield Service Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Oilfield Service revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Oilfield Service revenues share in global market, 2022 (%)
key players include:
- GE
- Weatherford
- Halliburton
- Superior Energy Services
- Expro International Group
- National Oilwell Varco
- Schlumberger
- Key Energy Services
- Pioneer Energy Services
- Nabors Industries
Outline of Major Chapters:
Chapter 1: Introduces the definition of Oilfield Service, market overview.
Chapter 2: Global Oilfield Service market size in revenue.
Chapter 3: Detailed analysis of Oilfield Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Oilfield Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
Industry Market Size
