Global Oil Field Equipment Market Research Report - Forecast to 2030

Oilfield Equipment Market Research Report by Equipment (Drilling Equipment, Field Production Machinery, Pumps, Valves), Type (drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves, Manifolds), Region – Forecast till 2030

ID: MRFR/E&P/0883-HCR | February 2021 | Region: Global | 120 pages

Impact of COVID-19 on the Global Oil Field Equipment Market
Oil Field Equipment Market


Source: Primary Experts, Secondary Sources and MRFR Analysis


COVID-19 has spread across the majority of countries across the globe and has significantly impacted the growth of businesses around the world. The pandemic has negatively impacted the oil & gas industry, and thus the global oil field equipment market. The outbreak has caused a massive slowdown in the global economy. The sharp fall in oil prices and the reduction in demand for crude oil due to the pandemic has drastically impacted the growth of the market, reducing the need for oilfield equipment. Also, these changes in the supply and demand for oil & gas due to COVID-19 are estimated to decrease the number of oil wells, which in turn, is likely to hamper the growth of the oil field equipment market. The current crisis has led to a decline in exploration activities in the oil & gas sector. Besides, due to the COVID-19 pandemic, several EPC projects have also witnessed an indefinite halt that has resulted in the diminishing requirement for excavation and drilling services. The economic effects of this trend are likely to be majorly evident in the Middle East region. Recovery of oil prices, and field development and oil exploration activities, is expected to drive the growth of the global oil field equipment market.


GLOBAL OILFIELD EQUIPMENT MARKET VALUE (2014–2020)
OILFIELD EQUIPMENT MARKET


Source: Secondary Sources


Globally, North America holds the largest market share for oil field equipment. Factors responsible for the growth of the market in the region include the increasing rock study and exploration activities for oil sand, shale oil, and carbonate rocks. The gradual lifting of the lockdowns in North American, as well as APAC countries, is likely to help in the resumption of exploration activities, which is estimated to drive the growth of the market.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Oilfield Equipment Market, By Equipment

5.1 Introduction

5.2 Drilling Equipment

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Field Production Machinery

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Pumps & Valves

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

5.5 Others

5.5.1 Market Estimates & Forecast, 2020-2027

5.5.2 Market Estimates & Forecast by Region, 2020-2027


6 Global Oilfield Equipment Market, By Type

6.1 Introduction

6.2 Drilling

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Pressure and flow control

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Oilfield Equipment Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Equipment, 2020-2027

7.2.3 Market Estimates & Forecast by Type, 2020-2027

7.2.4 U.S.

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast by Equipment, 2020-2027

7.2.4.3 Market Estimates & Forecast by Type, 2020-2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast by Equipment, 2020-2027

7.2.5.3 Market Estimates & Forecast by Type, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Equipment, 2020-2027

7.3.3 Market Estimates & Forecast by Type, 2020-2027

7.3.4 U.K.

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Equipment, 2020-2027

7.3.4.3 Market Estimates & Forecast by Type, 2020-2027

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast by Equipment, 2020-2027

7.3.5.3 Market Estimates & Forecast by Type, 2020-2027

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast by Equipment, 2020-2027

7.3.6.3 Market Estimates & Forecast by Type, 2020-2027

7.3.8 Italy

7.3.8.1 Market Estimates & Forecast, 2020-2027

7.3.8.2 Market Estimates & Forecast by Equipment, 2020-2027

7.3.8.3 Market Estimates & Forecast by Type, 2020-2027

7.3.6 Rest of Europe

7.3.9.1 Market Estimates & Forecast, 2020-2027

7.3.9.2 Market Estimates & Forecast by Equipment, 2020-2027

7.3.9.3 Market Estimates & Forecast by Type, 2020-2027

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Equipment, 2020-2027

7.4.3 Market Estimates & Forecast by Type, 2020-2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Equipment, 2020-2027

7.4.4.3 Market Estimates & Forecast by Type, 2020-2027

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast by Equipment, 2020-2027

7.4.5.3 Market Estimates & Forecast by Type, 2020-2027

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast by Equipment, 2020-2027

7.4.6.3 Market Estimates & Forecast by Type, 2020-2027

7.4.7 Rest of Asia Pacific

7.4.7.1 Market Estimates & Forecast, 2020-2027

7.4.7.2 Market Estimates & Forecast by Equipment, 2020-2027

7.4.7.3 Market Estimates & Forecast by Type, 2020-2027

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Equipment, 2020-2027

7.5.3 Market Estimates & Forecast by Type, 2020-2027

8 Competitive Landscape


9 Company Profile

9.1 ABB Oil, Gas and Petrochemical Business Unit (Switzerland)

9.1.1 Company Overview

9.1.2 Equipment/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 GE Oil and Gas (U.S.)

9.2.1 Company Overview

9.2.2 Equipment /Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Weatherford International (U.S.)

9.3.1 Company Overview

9.3.2 Equipment /Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Schlumberger (U.S.)

9.4.1 Company Overview

9.4.2 Equipment /Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Superior Energy Services (U.S.)

9.5.1 Company Overview

9.5.2 Equipment /Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Pioneer Energy Services Corp. (U.S.)

9.6.1 Company Overview

9.6.2 Equipment /Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 C&J Energy Services Ltd. (U.S.)

9.7.1 Company Overview

9.7.2 Equipment /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Schlumberger (U.S.)

9.8.1 Company Overview

9.8.2 Equipment /Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Halliburton (U.S.),

9.9.1 Company Overview

9.9.2 Equipment /Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 National Oilwell Varco, Inc. (U.S.)

9.10.1 Company Overview

9.10.2 Equipment /Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.11 Basic Energy Services, Inc. (U.S.),

9.11.1 Company Overview

9.11.2 Equipment /Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis

9.12 Expro International Group Holding Ltd. (UK)

9.12.1 Company Overview

9.12.2 Equipment /Services Offering

9.12.3 Financial Overview

9.12.4 Key Developments

9.12.5 Strategy

9.12.6 SWOT Analysis

9.13 Wireline Engineering Ltd. (UK)

9.13.1 Company Overview

9.13.2 Equipment /Services Offering

9.13.3 Financial Overview

9.13.4 Key Developments

9.13.5 Strategy

9.13.6 SWOT Analysis

9.14 Oilserv (UAE)

9.14.1 Company Overview

9.14.2 Equipment /Services Offering

9.14.3 Financial Overview

9.14.4 Key Developments

9.14.5 Strategy

9.14.6 SWOT Analysis

9.15 SBS (Switzerland)

9.15.1 Company Overview

9.15.2 Equipment /Services Offering

9.15.3 Financial Overview

9.15.4 Key Developments

9.1.5 Strategy

9.15.6 SWOT Analysis


List of Tables

Table 1 Global Oilfield Equipment Market: By Region, 2020-2027

Table 2 North America Oilfield Equipment Market: By Country, 2020-2027

Table 3 Europe Oilfield Equipment Market: By Country, 2020-2027

Table 4 Asia Pacific Oilfield Equipment Market: By Country, 2020-2027

Table 5 RoW Oilfield Equipment Market: By Country, 2020-2027

Table 6 Global Oilfield Equipment Market, by Equipment, By Regions, 2020-2027

Table 7 North America Oilfield Equipment Market, by Equipment, By Country, 2020-2027

Table 8 Europe Oilfield Equipment Market, by Resin type, By Country, 2020-2027

Table 9 Asia Pacific Oilfield Equipment Market by Equipment, By Country, 2020-2027

Table 10 RoW Oilfield Equipment Market by Equipment, By Country, 2020-2027

Table 11 Global Oilfield Equipment Market by Type Market: By Regions, 2020-2027

Table 12 North America Oilfield Equipment Market by Type: By Country, 2020-2027

Table 13 Europe Oilfield Equipment Market by Type: By Country, 2020-2027

Table 14 Asia Pacific Oilfield Equipment Market by Type: By Country, 2020-2027

Table 15 RoW Oilfield Equipment Market by Type: By Country, 2020-2027

Table 16 Global Oilfield Equipment Market: By Region, 2020-2027

Table 17 Global Oilfield Equipment Market: By Region, 2020-2027

Table 18 Global Oilfield Equipment Market: By Region, 2020-2027

Table 19 North America Oilfield Equipment Market, By Country

Table 20 North America Oilfield Equipment Market, by Equipment

Table 21 North America Oilfield Equipment Market, by Type

Table 22 Europe: Oilfield Equipment Market, By Country

Table 23 Europe: Oilfield Equipment Market, by Equipment

Table 24 Europe: Oilfield Equipment Market, by Type

Table 25 Asia Pacific: Oilfield Equipment Market, By Country

Table 26 Asia Pacific: Oilfield Equipment Market, by Equipment

Table 27 Asia Pacific: Oilfield Equipment Market, by Type

Table 28 RoW: Oilfield Equipment Market, By Region

Table 29 RoW Oilfield Equipment Market, by Equipment

Table 30 RoW Oilfield Equipment Market, by Type





List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL OILFIELD EQUIPMENT MARKETSHARE, BY EQUIPMENT, 2020 (%)

FIGURE 9 GLOBAL OILFIELD EQUIPMENT MARKET, BY EQUIPMENT, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL OILFIELD EQUIPMENT MARKETSHARE, BY EQUIPMENT, 2020 (%)

FIGURE 9 GLOBAL OILFIELD EQUIPMENT MARKET, BY EQUIPMENT, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL OILFIELD EQUIPMENT MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL OILFIELD EQUIPMENT MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA OILFIELD EQUIPMENT MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA OILFIELD EQUIPMENT MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE OILFIELD EQUIPMENT MARKETSHARE (%), 2020

FIGURE 17 EUROPE OILFIELD EQUIPMENT MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC OILFIELD EQUIPMENT MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC OILFIELD EQUIPMENT MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD OILFIELD EQUIPMENT MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD OILFIELD EQUIPMENT MARKETBY COUNTRY, 2020-2027 (USD MILLION)