Home / Oil & Gas / Production Oilfield Services & Equipment Market By Services (Pressure Pumping Services, SURF Support, Completion & Equipment Services, Drilling & Production Specialty Chemicals, Well Servicing, Coil Tubing, Surface Equipment Services, Rig Equipments) - Growth, Future Prospects & Competitive Analysis, 2016 -2023

Production Oilfield Services & Equipment Market By Services (Pressure Pumping Services, SURF Support, Completion & Equipment Services, Drilling & Production Specialty Chemicals, Well Servicing, Coil Tubing, Surface Equipment Services, Rig Equipments) - Growth, Future Prospects & Competitive Analysis, 2016 -2023

Published: Nov 2016 | Report Code: 58171-11-16

Oil & gas production is intricate and hazardous process which requires advanced technology for safe and efficient operation. Volatile oil prices, environmental concerns and accidents happened in past has derived the need of specialized oilfield services to enhanced oil production with safe operations. Major oilfield services provider offers variety of services ranging from exploration till production of crude oil. Production oilfield services and equipment includes services such as pressure pumping, SURF support, completion & equipment services, drilling and production services, specialty chemicals, well servicing, coil tubing, surface equipment, etc. Slowdown in oil & gas industry due to supply demand disproportion has negatively impacted the demand for exploratory oilfield services. However, production oilfield services and equipments are still in demand and expected to register significant growth over the forecast period (2016-2023). Pressure pumping is expected to be the largest segment among services type. Followed by it, SURF support segment is anticipated to be the second largest segment expected to register moderate growth over the forecast period. Other services such as well servicing, specialty chemicals, drilling & production are expected to register slow growth due to low oil prices till 2017. However, the segments are anticipated to gain momentum after the recovery of oil prices.

Global production oilfield services & equipments market is expected to gain momentum due to increasing demand for fossil fuel and with recovery in oil prices. Discovery of nonconventional shale especially in North America has fostered the demand for production oilfield service and equipments since 2010. Moreover, growing exploration and production activities in offshore reserves especially in U.S. Gulf of Mexico is expected to drive the demand for oilfield services & equipments over the forecast period (2016-2023). However, stringent regulatory policies regarding waste disposal and oil spillage are expected to restrain the demand for production oilfield services. Moreover, nonconventional shale gas exploration is banned in few countries such as France, Germany, and others. France has ban shale gas exploration due to the concern that water can be contaminated from chemicals used in the hydraulic fracturing process, while Germany has temporarily ban awaiting further environmental assessments.

Global production oilfield services & equipments market has been estimated to be valued at US$ 151.5 Bn by the end of 2016 and is expected to expand at a CAGR 4.6% during the forecast period 2016-2023.

Production Oilfield Services & Equipments Market

Purpose of the Report

The purpose of this strategic research study titled “Global Production Oilfield Services & Equipments Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global production oilfield services & equipments market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Oilfield services companies
  • Oil & Gas exploration and production companies
  • Research Institutes

USP and Key Offerings

The report titled “Global production oilfield services & equipments market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global production oilfield services & equipments market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on technology and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading oilfield services providers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within oil & gas industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global production oilfield services & equipments market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.


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