Production Oilfield Services & Equipment Market By Services (Pressure Pumping Services, SURF Support, Completion & Equipment Services, Drilling & Production Specialty Chemicals, Well Servicing, Coil Tubing, Surface Equipment Services, Rig Equipments) - Growth, Future Prospects & Competitive Analysis, 2016 -2023

Published By: Brisk Insights | Published On: Nov 1, 2021

 

Oil & gas production is intricate and hazardous process which requires advanced technology for safe and efficient operation. Volatile oil prices, environmental concerns and accidents happened in past has derived the need of specialized oilfield services to enhanced oil production with safe operations. Major oilfield services provider offers variety of services ranging from exploration till production of crude oil. Production oilfield services and equipment includes services such as pressure pumping, SURF support, completion & equipment services, drilling and production services, specialty chemicals, well servicing, coil tubing, surface equipment, etc. Slowdown in oil & gas industry due to supply demand disproportion has negatively impacted the demand for exploratory oilfield services. However, production oilfield services and equipments are still in demand and expected to register significant growth over the forecast period (2016-2023). Pressure pumping is expected to be the largest segment among services type. Followed by it, SURF support segment is anticipated to be the second largest segment expected to register moderate growth over the forecast period. Other services such as well servicing, specialty chemicals, drilling & production are expected to register slow growth due to low oil prices till 2017. However, the segments are anticipated to gain momentum after the recovery of oil prices.

 

Global production oilfield services & equipments market is expected to gain momentum due to increasing demand for fossil fuel and with recovery in oil prices. Discovery of nonconventional shale especially in North America has fostered the demand for production oilfield service and equipments since 2010. Moreover, growing exploration and production activities in offshore reserves especially in U.S. Gulf of Mexico is expected to drive the demand for oilfield services & equipments over the forecast period (2016-2023). However, stringent regulatory policies regarding waste disposal and oil spillage are expected to restrain the demand for production oilfield services. Moreover, nonconventional shale gas exploration is banned in few countries such as France, Germany, and others. France has ban shale gas exploration due to the concern that water can be contaminated from chemicals used in the hydraulic fracturing process, while Germany has temporarily ban awaiting further environmental assessments.

 

Global production oilfield services & equipments market has been estimated to be valued at US$ 151.5 Bn by the end of 2016 and is expected to expand at a CAGR 4.6% during the forecast period 2016-2023.

 

Purpose of the Report

 

The purpose of this strategic research study titled “Global Production Oilfield Services & Equipments Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global production oilfield services & equipments market.

 

Target Audience

 

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Oilfield services companies
  • Oil & Gas exploration and production companies
  • Research Institutes

 

USP and Key Offerings

 

The report titled “Global production oilfield services & equipments market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global production oilfield services & equipments market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on technology and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading oilfield services providers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

 

  • Current and future market trends to justify the forthcoming attractive markets within oil & gas industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

 

Overall, the research study provides a holistic view of the global production oilfield services & equipments market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

 

On the basis of services, global production oilfield services & equipment market is categorized into following types:

 

  • Pressure pumping services
  • SURF support
  • Completion & Equipment Services
  • Drilling & Production
  • Specialty Chemicals
  • Well Servicing
  • Coil tubing
  • Surface Equipment services
  • Rig Equipments
  • Others (Renting & Fishing)

 

Oilfield services are end to end services including drilling & production, specialty chemicals, hydraulic fracturing, simulation, production, etc. supporting exploration and production activities.  Global oil production has grown 8.7% since 2010 to reach 95.7 Mn barrels per day in 2015 which has caused supply demand imbalance this in turn has negatively influence the oil prices since 2014. Oil producers are reducing their capital expenditure on upstream exploration and production activities in order to minimize the impact of oil prices volatility which in turn has negatively influenced the oilfield services & equipments market. However, increasing energy consumption across the globe due to growth in population and increasing urbanization is expected to counter the imbalance between supply and demand by 2017 end. Also, growing shale gas production especially in North America is expected to foster the growth of oilfield services& equipments market over the forecast period.

 

On the basis of services, the global production oilfield services & equipments market can be segmented as pressure pumping, SURF support, completion & equipment services, drilling & production, specialty chemicals, well servicing, and others. Pressure pumping is expected to be the most dominant and fastest growing segment owing to increasing production of shale gas in North America and other regions of the globe.

 

Growing offshore exploration and production activities across the globe is anticipated to fuel the demand of subsea equipments over the forecast period (2016-2023). Drilling & production services segment is expected to contribute to the significant value share in global production oilfield services & equipments market. The segment is expected to regain momentum with the recovery of oil prices which is anticipated to recover by 2017 end. Specialty chemicals, well servicing and rig equipment segments are anticipated to grow at moderate rate over the forecast period due to growing oil production activities and increase in rig count across the globe.

 

On the basis of geography, the global production oilfield services & equipments market is segmented into following categories,

 

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Rest of MEA

 

Growing oil and gas production activities has derived the growth of production oilfield services & equipments market. Further, volatile oil process has influenced the oil producer to adopt oilfield services to improve operational efficiency across the globe. Increasing production of nonconventional shale gas is expected to witness the robust growth till 2023. Global production oilfield services & equipments market is segment on the basis of geography. North America contributed the highest revenue share in global production oilfield services & equipments market with a contribution which is estimated to be more than 53% by end of 2016 due to increasing shale gas production and deep-water production in the U.S. Gulf of Mexico is expected to fuel the demand of oilfield production services in the region. Followed by it, MEA stood at second position in the same year. Increasing oil production due to high oil reserves in the region is projected to intensify the significant growth of the region over the forecast period. Growing oil production activities in China, Japan and Australia are expected to spur the growth of production oilfield services & equipments market in Asia Pacific over the forecast period (2016-2023).

 

Chapter 1 Preface


1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

 

Chapter 2 Executive Summary


2.1 Market Snapshot: Global Production Oilfield Services & Equipments Market

 

Chapter 3 Market Dynamics


3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Challenges
3.2.3 Market Opportunities
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Service in Global Production Oilfield Services & Equipments Market

 

Chapter 4 Global Production Oilfield Services & Equipments Market Analysis, By Services


4.1 Pressure pumping services
4.2 SURF support
4.3 Completion & Equipment Services
4.4 Drilling & Production Specialty Chemicals
4.5 Well Servicing
4.6 Coil tubing
4.7 Surface Equipment services
4.8 Rig Equipments
4.8 Others (Renting & Fishing)

 

Chapter 5 North America Production Oilfield Services & Equipments Market Analysis


5.1 Overview
5.1.1 North America Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
5.2 North America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
5.2.1 North America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
5.3 North America Production Oilfield Services & Equipments Market Analysis, By Country, 2013 – 2023 (US$ Bn)
5.3.1 U.S.
5.3.2 Canada

 

Chapter 6 Europe Production Oilfield Services & Equipments Market Analysis


6.1 Overview
6.1.1 Europe Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
6.2 Europe Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
6.2.1 Europe Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
6.3 Europe Production Oilfield Services & Equipments Market Analysis, By Country, 2013 – 2023 (US$ Bn)
6.3.1 Germany
6.3.2 France
6.3.3 U.K.
6.3.4 Rest of Europe

 

Chapter 7 Asia Pacific Production Oilfield Services & Equipments Market Analysis


7.1 Overview
7.1.1 Asia Pacific Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
7.2 Asia Pacific Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
7.2.1 Asia Pacific Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
7.3 Asia Pacific Production Oilfield Services & Equipments Market Analysis, By Country, 2013 – 2023 (US$ Bn)
7.3.1 China
7.3.2 India
7.3.3 Japan
7.3.4 Rest of Asia Pacific

 

Chapter 8 Latin America Production Oilfield Services & Equipments Market Analysis


8.1 Overview
8.1.1 Latin America Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)

8.2 Latin America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
8.2.1 Latin America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)

8.3 Latin America Production Oilfield Services & Equipments Market Analysis, By Country, 2013 – 2023 (US$ Bn)
8.3.1 Brazil
8.3.2 Mexico
8.3.3 Rest of Latin America

 

Chapter 9 Middle East & Africa Production Oilfield Services & Equipments Market Analysis


9.1 Overview
9.1.1 Middle East & Africa Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
9.2 Middle East & Africa Production Oilfield Services & Equipments Market Analysis, By Services
9.2.1 Middle East & Africa Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023 (US$ Bn)
9.3 Middle East & Africa Production Oilfield Services & Equipments Market Analysis, By Country, 2013-2023 (US$ Bn)
9.3.1 GCC
9.3.2 Rest of MEA

 

Chapter 10 Company Profiles


10.1 Baker Hughes Incorporated
10.2 Schlumberger Limited
10.3 Weatherford International Limited
10.4 Halliburton Company
10.5 Yantai Jereh Oilfield Services Group Co. Ltd
10.6 Beron Energy Ltd
10.7 Frontier Oilfield Services Inc.
10.8 The Weir Group PLC
10.9 Cameron

 

Chapter 11 Macroeconomic and Forecast Indicators Impacting the Production Oilfield Services & Equipments Market


11.1 Urban Population
11.2 Oil Prices
11.3 Crude oil Production
11.4 Oil & Gas Industry

TABLE 1 Market Snapshot: Global Production Oilfield Services & Equipments Market
TABLE 2 Global Production Oilfield Services & Equipments Market, By Services, 2013 - 2023 (US$ Bn)
TABLE 3 North America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 4 U.S. Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 5 Canada Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 6 Europe Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 7 Germany Production Oilfield Services & Equipments Market Analysis, By Services 2013 – 2023, (US$ Bn)
TABLE 8 France Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 9 U.K. Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 10 Rest of Europe Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 11 Asia Pacific Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE12 China Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 13 Japan Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 14 India Production Oilfield Services & Equipments Market Analysis, By Services 2013 – 2023, (US$ Bn)
TABLE 15 Australia Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 16 Rest of Asia Pacific Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 17 Latin America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 18 Brazil Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 19 Mexico Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 20 Rest of Latin America Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 21 Middle East & Africa Production Oilfield Services & Equipments Market Analysis, By Services, 2013 – 2023, (US$ Bn)
TABLE 22 Baker Hughes Incorporated: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage))
TABLE 23 Schlumberger Limited: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 24 Weatherford International Limited: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 25 Yantai Jereh Oilfield Services Group Co. Ltd: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 26 Beron Energy Ltd: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 27 Frontier Oilfield Services Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 28 The Weir Group PLC.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 29 Cameron: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 30 Halliburton Company: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)

FIG. 1 Global Production Oilfield Services & Equipments Market: Research Methodology
FIG. 2 Attractive Investment Proposition
FIG. 3 Market Share Analysis of Key Manufacturers in Global Production Oilfield Services & Equipments Market, 2015 (Value %)
FIG. 4 Global Production Oilfield Services Market by Pressure pumping services, 2013 - 2023 (US$ Bn)
FIG. 5 Global Production Oilfield Services Market by SURF support services, 2013 - 2023 (US$ Bn)
FIG. 6 Global Production Oilfield Services Market by Completion & Equipment Services, 2013 - 2023 (US$ Bn)
FIG. 7 Global Production Oilfield Services Market by Drilling & Production, 2013 - 2023 (US$ Bn)
FIG. 8 Global Production Oilfield Services Market by Speciality Chemicals, 2013 - 2023 (US$ Bn)
FIG. 9 Global Production Oilfield Services Market by Well Servicing, 2013 - 2023 (US$ Bn)
FIG. 10 Global Production Oilfield Services Market by Coil tubing, 2013 - 2023 (US$ Bn)
FIG. 11 Global Production Oilfield Services Market by Rig Equipments, 2013 - 2023 (US$ Bn)
FIG. 12 Global Production Oilfield Services Market by Others, 2013 - 2023 (US$ Bn)
FIG. 13 North America Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
FIG. 14 Europe Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
FIG. 15 Asia Pacific Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
FIG. 16 Latin America Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)
FIG. 17 Middle East & Africa Production Oilfield Services & Equipments Market Revenue, 2013 – 2023, (US$ Bn)

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