Market Overview

Global Oilfield Equipment Market to See 4.1% CAGR Globally by 2018

Global Oilfield Equipment Market to See 4.1% CAGR Globally by 2018

Big market research adds a report titled “Global Oilfield Equipment Market 2014-2018.” The report states that the global oilfield equipment market is expected to register a CAGR of 4.1% during the forecast period. Oilfield equipment are used to extract gases and oil from reservoirs and also used in the extraction process of unconventional gas resources.

The report provides an extensive pool of knowledge of the global oilfield equipment industry. The report is designed by industry experts by observing and analyzing every detail of the global market. The report categorizes the oilfield equipment market into segments namely, Drilling Equipment, Pumps & Valves, Field Production Machinery and Others. The geographical segments include EMEA, APAC and America.

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The report provides vast data and analysis for the same by the industry intellects in order to help the global player and market investors to plan their strategies accordingly. The report states that increasing oil and gas drilling activities are propelling the growth of the market. High cost involved in the capital is the major challenge faced by the market. However, increased investment in the market would further drive the growth of the market.

Companies profiled in the report are:

• Baker Hughes Inc.

• EniSpA

• Halliburton Co.

• National Oilwell Varco Inc.

• Schlumberger Ltd.

• Weatherford International Ltd.

• Cameron International Corp.

• ENI Prom

• FMC Technologies Inc.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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