Oilfield Service Market Share and Business Opportunities 2031
Oilfield Service Market: Strategic Insights
Oilfield Service Market
-
CAGR (2023 - 2031)5.9% -
Market Size 2023
US$ 111.56 Billion -
Market Size 2031
US$ 175.96 Billion
Market Dynamics
GROWTH DRIVERS
- The Raising Demand for Natural Gas and Crude Oil
FUTURE TRENDS
- Increasing oil & gas production, rising production of new oil rigs, and reconstruction of existing and old oil & gas rigs
OPPORTUNITIES
- Efforts to Improve Oil Recovery Operations to Reduce Dependency on Oil & Gas Imports
Key Players
- Schlumberger Limited
- Weatherford International Plc
- Baker Hughes Company
- Halliburton Company
- National Oilwell Varco Inc
- TechnipFMC
- Plc
- Superior Energy Services Inc
- China Oilfield Services Ltd
- Asian Energy Services Limited
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Service Type
- Well Completion
- Wire line
- Artificial Lift
- Perforation
- Drilling and Completion Fluids
Application
- Onshore and Offshore