Market Summary
Research Methodology on Oilfield Services Market
The research approach and strategy implemented by Market Research Future (MRFR) are structured to gain an in-depth accurate insights into the global oilfield services market. To reveal the full potential and understand the factors, dynamics and factors shaping the overall market size and growth, the research project is conducted using a qualitative and quantitative research approach.
Primary and Secondary Research
Primary research is the primary source of information that is collected from leading market players/stakeholders from the oilfield services industry. This primary research includes interviews and discussions to empirically obtain details from the stakeholders that are essential to the research topic. The primary data includes size, volume, growth, applications, share and trends to provide valuable inputs for our research.
Secondary research is conducted to broaden the scope of our knowledge by using different sources of credible journals, websites, magazines, papers and expert opinions to obtain accurate insight into the industry. Secondary data is used to validate the accuracy of the primary research results. This secondary research helps MRFR representatives to corroborate the data.
Market structure
The MRFR research team identified the competitive landscape by assessing the overall market as well as key player identification. The market shares of the key players in the oilfield services market are determined according to the value generated by their product and service ranges, including their company profiles and technologies adopted by them. Furthermore, the important strategies employed by leading players are also identified.
Qualitative and quantitative analysis
The data collected from both primary and secondary sources are analyzed and compared with the market data from the corresponding industry. The data is further scrutinized using different types of quantitative and qualitative analytical tools to validate the accuracy of the findings. The analyzed data is further assessed to gain insights into the overall market landscape.
Market segmentation
The oilfield services market is segmented based on the type of services, types of products and regions. The segmentation helps enable stakeholders to understand the impact of each segment on the market. Thus, it assists in taking decisions related to operational efficiency and investments.
Regional analysis
The oilfield services market is studied regionally to get a better understanding of the market structure and key growth drivers. The qualitative and quantitative analysis is done on a geographical basis to make significant investment decisions based on local markets and key influences.
Research assumptions
MRFR assumes that the oilfield services market will reach its all-time high revenue figures by the year 2030. The growth of the oilfield services market is projected to remain in line with the number of drilling activities that are expected to increase during the review period. It is also assumed that the fluctuations in price would have minimal impact on the development of the oilfield services market, with the adoption of advanced operational technologies set to increase.
Market Size & Forecast
Report Attribute/Metric | Details |
Market Size 2023 | USD 303.49 billion |
Market Size 2024 | USD 322.83 billion |
Market Size 2032 | USD 540.97 billion |
Compound Annual Growth Rate (CAGR) | 5.90% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018 & 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Service Type, Application, and Region |
Geographies Covered | North America, Europe, AsiaPacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Schlumberger Limited (US), Halliburton (US), Weatherford International plc (US), National Oilwell Varcos (US), Asian Energy Services Limited (India), Superior Energy Services Inc (US), China Oilfield Services Limited (China) and Others. |
Key Market Opportunities | Increasing spending on oil and gas in the MENA region |
Key Market Dynamics | Increasing interest in improved oil recovery |
Major Players
Oilfield Services Market Segmentation
Oilfield Services By type Outlook (USD Billion, 2024-2030)
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Oilfield Services by Application Outlook (USD Billion, 2024-2030)
Onshore
Offshore
Oilfield Services Outlook (USD Billion, 2024-2030)
North America Outlook (USD Billion, 2024-2030)
North America Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
North America Oilfield Services By application
Onshore
Offshore
US Outlook (USD Billion, 2024-2030)
US Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
US Oilfield Services by Application
Onshore
Offshore
CANADA Outlook (USD Billion, 2024-2030)
CANADA Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
CANADA Oilfield Services By application
Onshore
Offshore
Europe Outlook (USD Billion, 2024-2030)
Europe Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Europe Oilfield Services By application
Onshore
Offshore
Germany Outlook (USD Billion, 2024-2030)
Germany Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Germany Oilfield Services By application
Onshore
Offshore
France Outlook (USD Billion, 2024-2030)
France Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
France Oilfield Services By application
Onshore
Offshore
UK Outlook (USD Billion, 2024-2030)
UK Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
UK Oilfield Services By application
Onshore
Offshore
ITALY Outlook (USD Billion, 2024-2030)
ITALY Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
ITALY Oilfield Services By application
Onshore
Offshore
SPAIN Outlook (USD Billion, 2024-2030)
Spain Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Spain Oilfield Services By application
Onshore
Offshore
Rest Of Europe Outlook (USD Billion, 2024-2030)
Rest Of Europe Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
REST OF EUROPE Oilfield Services By application
Onshore
Offshore
Asia-Pacific Outlook (USD Billion, 2024-2030)
Asia-Pacific Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Asia-Pacific Oilfield Services By application
Onshore
Offshore
China Outlook (USD Billion, 2024-2030)
China Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
China Oilfield Services By application
Onshore
Offshore
Japan Outlook (USD Billion, 2024-2030)
Japan Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Japan Oilfield Services By application
Onshore
Offshore
India Outlook (USD Billion, 2024-2030)
India Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
India Oilfield Services By application
Onshore
Offshore
Australia Outlook (USD Billion, 2024-2030)
Australia Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Australia Oilfield Services By application
Onshore
Offshore
Rest of Asia-Pacific Outlook (USD Billion, 2024-2030)
Rest of Asia-Pacific Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Rest of Asia-Pacific Oilfield Services By application
Onshore
Offshore
Rest of the World Outlook (USD Billion, 2024-2030)
Rest of the World Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Rest of the World Oilfield Services By application
Onshore
Offshore
Middle East Outlook (USD Billion, 2024-2030)
Middle East Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Middle East Oilfield Services By application
Onshore
Offshore
Africa Outlook (USD Billion, 2024-2030)
Africa Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Africa Oilfield Services By application
Onshore
Offshore
Latin America Outlook (USD Billion, 2024-2030)
Latin America Oilfield Services By type
Well Completion Equipment & Services
Well Intervention Services
Coiled Tubing Services
Pressure Pumping Services
OCTG
Wireline Services
Drilling Waste Management Services
Latin America Oilfield Services By application
Onshore
Offshore
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