Oilfield Services Market to Aggregate USD 143 Billion by 2026
Oilfield Services Market By Service (Pressure Pumping Services, Oil Country Tubular Goods, Wireline Services, Well Completion Equipment & Services, Well Intervention Services, Drilling & Completion Fluid Services, Drilling Waste Management Services, and Coiled Tubing Services) and By Application (Offshore, and Onshore) and Type (Equipment rental, Field operation, and Analytical services): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026
According to the Research Report, The global oilfield services market in 2019 was approximately USD 117 Billion The market is expected to grow at a CAGR of 3.35% and is anticipated to reach around USD 143 Billion by 2026.
The oilfield services include various oil-related activities such as interference, stabilization, drilling, development, completion, and extraction, among several others to achieve several objectives beyond the complete life cycle of well extraction of oil. Furthermore, the facilities are beneficial in well detection, zonal insulation, sand cleaning, perforation, well relaxation and setting. The oil and gas industry is booming due to the steadily rising population in recent years, and thus the demand for oilfield services on the global market is expected to rise by a healthy percentage of growth over the forecast period.
Sample of this report available Here : https://www.fnfresearch.com/sample/oilfield-services-market-by-service-pressure-pumping-services-1217
The oilfield services market is segmented based on service, type and application. On the basis of service, the market has been fragmented into pressure pumping services, oil country tubular goods, wireline services, well completion equipment & services, well intervention services, drilling & completion fluid services, drilling waste management services, and coiled tubing services. The well completion equipment and services segment is anticipated to be the fastest growing market owing to presence of natural resources. In terms of application, it has been classified into offshore, and onshore. The onshore application is dominating the market owing to its huge presence onshore wells in developing economies such as North America and Middle East & Africa and massive investment in onshore application for oil and gas production. Moreover, redeveloping aging reservoirs and new well discoveries are providing lucrative opportunities for oil field services market.
he oilfield services market research report delivers an acute valuation and taxonomy of the oilfield services industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the oilfield services industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the oilfield services industry is provided for the leading economies of the world.
The oilfield services market is segmented based on service, type, and application. On the basis of service, the market has been fragmented into pressure pumping services, oil country tubular goods, wireline services, well completion equipment & services, well intervention services, drilling & completion fluid services, drilling waste management services, and coiled tubing services. In terms of application, it has been classified into offshore, and onshore. On the basis of and type, the market is divided into equipment rental, field operation, and analytical services.
Browse detail report with in-depth TOC HERE: https://www.fnfresearch.com/oilfield-services-market-by-service-pressure-pumping-services-1217
Some of the essential players operating in the oilfield services market, but not restricted to include Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International PLC, National Oilwell Varco, Inc., China Oilfield Services Limited (COSL), Superior Energy Services, Inc., Technipfmc.PLC, Trican Well Service, Ltd., Welltec International APS, Nabors Industries, Ltd., and Nordic Well Services, LLC among others.
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
A 2108, Sargam,
Pune 411041, India