Global Oil Field Equipment Market Research Report - Forecast to 2023

Global Oil Field Equipment Market Research Report - Forecast to 2023

ID: MRFR/E&P/0883-HCRR | August, 2018 | Region: Global | 120 pages | Half-Cooked Research Reports

Global 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 2023  


Market Scenario


The rising prices have boosted the upstream activities in oil industry. This has resulted in a rise in demand for the Oilfield Equipment market. In recent times oil and gas has been witnessing a significant downturn due to the continuous fall in the prices. These changes in the supply and demand dynamics is expected to raise the number of oil wells thus, resulting in boosting the oil field Equipment market. Increasing demand for oil and gas is also expected to fuel the demand in the oilfield Equipment market.


The oilfield service industry is completely dependent on upstream operations thus, in this scenario, it will be profited. Oilfield equipment are elementary equipment used for the development of successfully explored oilfields. These include a wide range of equipment that perform the functions starting from drilling to well completion. The main functions of oilfield equipment include drilling, data acquisition, well intervention, well logging, well completion, pressure maintenance, flow control, and others.


Oilfield equipment market is expected to expand due to various factors that drive the market. The factors include, oil price recovery, increasing oil exploration and field development activities, rising number of mature oil wells. For instance, in April 2018, Carnarvon Petroleum Ltd., Perth, has announced its plans for redevelopment of Buffalo oil field in the Timor Sea. The field now lies completely within the jurisdiction of East Timor following the signing of the Maritime Boundary Treaty with Australia earlier this year. 


Global oilfield equipment market is segmented on the basis of equipment, type and region. Based on equipment the market is further segmented into Drilling Equipment, Field Production Machinery, Pumps, Valves, Others. Amongst these segments, drilling equipment segments holds the largest share due to increased number of drilling projects across the globe. On the basis of type, market is classified as drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves, Manifold). Drill Pipe segment accounts for the largest market share due to large drilling activities in offshore and onshore. Also, shale production, which requires drill pipes as an essential set of equipment, has witnessed growth.


The global oilfield equipment market is expected to expand at ~4.5% CAGR during the forecast period.


Market Segmentation


 oilfield equipment market


Global Oilfield Equipment Market


Global oilfield equipment market is expected to observe phenomenal growth during the forecast period owing to increasing exploration and drilling activities and recovery of oil prices after price shock of 2014. North America region held the largest market share in oilfield equipment market. In North America region exploration activities and rock study activities for shale oil, oil sands, and carbonate rocks are rising. For instance the production from shale oil in 2017 was 4.67 million barrels, which contributed half of the total oil produce from U.S. Asia Pacific and Africa region are likely to lead to the growth of oilfield equipment market. Major growth is attributed to the discoveries in Gulf of Thailand, and South China Sea from Asia Pacific and Mediterranean Sea and Egypt desert from Africa. 


Key Players


The key players of global wireline services market are GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), SGS (Switzerland), ABB Oil, and Gas and Petrochemical Business Unit (Switzerland) are among others.

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, 2018-2023

5.2.2 Market Estimates & Forecast by Region, 2018-2023

5.3 Field Production Machinery

5.3.1 Market Estimates & Forecast, 2018-2023

5.3.2 Market Estimates & Forecast by Region, 2018-2023

5.4 Pumps & Valves

5.4.1 Market Estimates & Forecast, 2018-2023

5.4.2 Market Estimates & Forecast by Region, 2018-2023

5.5 Others

5.5.1 Market Estimates & Forecast, 2018-2023

5.5.2 Market Estimates & Forecast by Region, 2018-2023



6 Global Oilfield Equipment Market, By Type

6.1 Introduction

6.2 Drilling

6.2.1 Market Estimates & Forecast, 2018-2023

6.2.2 Market Estimates & Forecast by Region, 2018-2023

6.3 Pressure and flow control

6.3.1 Market Estimates & Forecast, 2018-2023

6.3.2 Market Estimates & Forecast by Region, 2018-2023





7 Global Oilfield Equipment Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2018-2023

7.2.2 Market Estimates & Forecast by Equipment, 2018-2023

7.2.3 Market Estimates & Forecast by Type, 2018-2023

7.2.4 U.S.

7.2.4.1 Market Estimates & Forecast, 2018-2023

7.2.4.2 Market Estimates & Forecast by Equipment, 2018-2023

7.2.4.3 Market Estimates & Forecast by Type, 2018-2023

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2018-2023

7.2.5.2 Market Estimates & Forecast by Equipment, 2018-2023

7.2.5.3 Market Estimates & Forecast by Type, 2018-2023

7.3 Europe

7.3.1 Market Estimates & Forecast, 2018-2023

7.3.2 Market Estimates & Forecast by Equipment, 2018-2023

7.3.3 Market Estimates & Forecast by Type, 2018-2023

7.3.4 U.K.

7.3.4.1 Market Estimates & Forecast, 2018-2023

7.3.4.2 Market Estimates & Forecast by Equipment, 2018-2023

7.3.4.3 Market Estimates & Forecast by Type, 2018-2023

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2018-2023

7.3.5.2 Market Estimates & Forecast by Equipment, 2018-2023

7.3.5.3 Market Estimates & Forecast by Type, 2018-2023

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2018-2023

7.3.6.2 Market Estimates & Forecast by Equipment, 2018-2023

7.3.6.3 Market Estimates & Forecast by Type, 2018-2023

7.3.8 Italy

7.3.8.1 Market Estimates & Forecast, 2018-2023

7.3.8.2 Market Estimates & Forecast by Equipment, 2018-2023

7.3.8.3 Market Estimates & Forecast by Type, 2018-2023

7.3.6 Rest of Europe

7.3.9.1 Market Estimates & Forecast, 2018-2023

7.3.9.2 Market Estimates & Forecast by Equipment, 2018-2023

7.3.9.3 Market Estimates & Forecast by Type, 2018-2023

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2018-2023

7.4.2 Market Estimates & Forecast by Equipment, 2018-2023

7.4.3 Market Estimates & Forecast by Type, 2018-2023

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2018-2023

7.4.4.2 Market Estimates & Forecast by Equipment, 2018-2023

7.4.4.3 Market Estimates & Forecast by Type, 2018-2023

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2018-2023

7.4.5.2 Market Estimates & Forecast by Equipment, 2018-2023

7.4.5.3 Market Estimates & Forecast by Type, 2018-2023

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2018-2023

7.4.6.2 Market Estimates & Forecast by Equipment, 2018-2023

7.4.6.3 Market Estimates & Forecast by Type, 2018-2023

7.4.7 Rest of Asia Pacific

7.4.7.1 Market Estimates & Forecast, 2018-2023

7.4.7.2 Market Estimates & Forecast by Equipment, 2018-2023

7.4.7.3 Market Estimates & Forecast by Type, 2018-2023

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2018-2023

7.5.2 Market Estimates & Forecast by Equipment, 2018-2023

7.5.3 Market Estimates & Forecast by Type, 2018-2023



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, 2018-2023

Table 2 North America Oilfield Equipment Market: By Country, 2018-2023

Table 3 Europe Oilfield Equipment Market: By Country, 2018-2023

Table 4 Asia Pacific Oilfield Equipment Market: By Country, 2018-2023

Table 5 RoW Oilfield Equipment Market: By Country, 2018-2023

Table 6 Global Oilfield Equipment Market, by Equipment, By Regions, 2018-2023

Table 7 North America Oilfield Equipment Market, by Equipment, By Country, 2018-2023

Table 8 Europe Oilfield Equipment Market, by Resin type, By Country, 2018-2023

Table 9 Asia Pacific Oilfield Equipment Market by Equipment, By Country, 2018-2023

Table 10 RoW Oilfield Equipment Market by Equipment, By Country, 2018-2023

Table 11 Global Oilfield Equipment Market by Type Market: By Regions, 2018-2023

Table 12 North America Oilfield Equipment Market by Type: By Country, 2018-2023

Table 13 Europe Oilfield Equipment Market by Type: By Country, 2018-2023

Table 14 Asia Pacific Oilfield Equipment Market by Type: By Country, 2018-2023

Table 15 RoW Oilfield Equipment Market by Type: By Country, 2018-2023

Table 16 Global Oilfield Equipment Market: By Region, 2018-2023

Table 17 Global Oilfield Equipment Market: By Region, 2018-2023

Table 18 Global Oilfield Equipment Market: By Region, 2018-2023

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, 2016 (%)

FIGURE 9 GLOBAL OILFIELD EQUIPMENT MARKET, BY EQUIPMENT, 2015-2023 (USD MILLION)

FIGURE 10 GLOBAL OILFIELD EQUIPMENT MARKETSHARE, BY EQUIPMENT, 2016 (%)

FIGURE 9 GLOBAL OILFIELD EQUIPMENT MARKET, BY EQUIPMENT, 2015-2023 (USD MILLION)

FIGURE 12 GLOBAL OILFIELD EQUIPMENT MARKET SHARE (%), BY REGION, 2016

FIGURE 13 GLOBAL OILFIELD EQUIPMENT MARKET, BY REGION, 2015-2023 (USD MILLION)

FIGURE 14 NORTH AMERICA OILFIELD EQUIPMENT MARKETSHARE (%), 2016

FIGURE 15 NORTH AMERICA OILFIELD EQUIPMENT MARKETBY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 16 EUROPE OILFIELD EQUIPMENT MARKETSHARE (%), 2016

FIGURE 17 EUROPE OILFIELD EQUIPMENT MARKETBY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 18 ASIA PACIFIC OILFIELD EQUIPMENT MARKETSHARE (%), 2016

FIGURE 19 ASIA PACIFIC OILFIELD EQUIPMENT MARKETBY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 20 REST OF THE WORLD OILFIELD EQUIPMENT MARKETSHARE (%), 2016

FIGURE 21 REST OF THE WORLD OILFIELD EQUIPMENT MARKETBY COUNTRY, 2015-2023 (USD MILLION)