Oilfield Services Market: Increasing Consumption of Oil & Gas Resources Drives the Global Industry

According to the report, the global oilfield services market accounted for USD 102.08 billion in 2016 and is expected to reach USD 127.31 billion by 2022, growing at a CAGR of 3.8% between 2017 and 2022.

The report covers forecast and analysis for the oilfield services market on a global and regional level. The study provides historic data of 2014 to 2016 along with a forecast from 2017 to 2022 based on revenue (USD billion). The study includes drivers and restraints for the oilfield services market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the oilfield services market on a global level.

In order to give the users of this report a comprehensive view on the oilfield services market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the oilfield services market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the oilfield services market by segmenting the market based on service types, applications, and regions. The service type segments covered under this study includes pressure pumping services, oil country tubular goods, wireline services, well completion equipment & services, well intervention services, drilling & completion fluid services and coiled tubing services. Offshore and onshore are the application segments of the global oilfield services market. All the service type and application segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes the demand for each individual segment in all the regions and countries.

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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global oilfield services market. Key players profiled in the report include Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International, PLC, Superior Energy Services, Inc., National Oilwell Varco, Inc., China Oilfield Services Limited (COSL), Archer Limited, Expro International Group Holdings, Ltd. and GE Oil & Gas.

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