Oilfield Services Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2022(Trending Report)

Japan, Japan, Thu, 06 Jan 2022 02:28:26 / Comserve Inc. / -- The oilfield services market is projected to reach USD 125.51 billion by 2022, at a CAGR of 3.35%, from 2017 to 2022. Increased oil & gas production, shale gas extraction, and lifting of Iranian oil export sanction are the major drivers

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The oilfield services market is projected to reach USD 125.51 billion by 2022, at a CAGR of 3.35%, from 2017 to 2022. Increased oil & gas production, shale gas extraction, and lifting of Iranian oil export sanction are the major drivers of the oilfield services market.Increasing efforts in exploring new oilfields where all significant oilfield services such as well intervention and well completion equipment & services, among others are used, are one of the major drivers that would drive the oilfield services market. In the oilfield services market, fluctuating oil prices could hinder the growth of the market.

"The well completion equipment & services oilfield services sub-segment, within the services segment, is expected to grow at the highest CAGR, from 2017 to 2022." The well completion equipment & services oilfield services sub-segment, within the services segment, would grow at the highest CAGR, during 2017 to 2022, whereas, the pressure pumping oilfield services market led the oilfield services market in 2016 and is projected to dominate the market during the forecast period.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108356
The Final Report will cover the impact analysis of COVID-19 on this industry: Oilfield Services Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2022(Trending Report)

The pressure pumping services sub-segment is used for applications such as well cementing which is used in the wellbore to complete wellbore operations. Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services.

"North America: The largest market for oilfield services"
North America is currently the largest market for oilfield services, closely followed by Europe. The North American market is primarily driven by the U.S. which was the world's top producer of petroleum and natural gas hydrocarbons in 2015. Apart from the U.S., Mexico recently began expanding its oil & gas industry by liberalizing its domestic energy sector by enacting reforms that have ended the monopoly of the state-run PEMEX in an effort to attract foreign investors and operators.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108356
The Final Report will cover the impact analysis of COVID-19 on this industry: Oilfield Services Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2022(Trending Report)

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 25%, Tier 2- 40%, Tier 3- 35%
By Designation: C-Level- 15%, Manager-Level- 55%, Others- 30%
By Region: Asia-Pacific- 60%, Middle East- 10%, Europe- 16%, North America- 9%, and Africa- 5%

Research Coverage:
The report defines, describes, and forecasts the global oilfield services market by application, services, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues. It also covers various important aspects of the market.

Why buy this report?
The report identifies and addresses key oilfield operators for oilfield services, which would help service provider's review the growth in the demand for services.
The report helps service providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.
The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 19
1.3.1 MARKETS COVERED 19
1.3.2 COUNTRIES COVERED 19
1.3.3 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 20
1.5 LIMITATIONS 20
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.1.1 Key data from secondary sources 23
2.1.1.1 Key data from primary sources 24
2.1.1.2 Key industry insights 25
2.1.1.3 Breakdown of primaries 25
2.2 MARKET SIZE ESTIMATION 26
2.2.1 BOTTOM-UP APPROACH 26
2.2.2 TOP-DOWN APPROACH 27
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS 29

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Oilfield Services Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2022(Trending Report) appeared first on Comserveonline.