Oilfield Equipment Market Size, Share, Growth, Trends and Industry Analysis Report, 2020

Global oilfield equipment market size was estimated at USD 97.34 billion in 2013. High demand is resulting in increased crude yielding activities which in turn are expected to drive demand over the forecast period.

ID: 1553996
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(businesspress24) - The global oilfield equipment market size is expected to reach USD 127.6 billion by 2020, according to a new report by Grand View Research, Inc. Continuous technological advancements in tools for better performance, improved recovery rate, and higher production is expected to drive the global industry demand over the forecast period.
Advancements in drilling techniques such as horizontal and directional drilling are expected to further boost the overall market demand in future.

Drilling equipment accounted for a share of 73.65% of the overall market revenue in 2013. The product segment is expected to grow at a CAGR of 4.2% from 2014 to 2020.
Onshore operations majorly involve use of enhanced machines and huge number of tools for better results. Others include tools and machines which are used before transportation activities. The segment is expected to grow at a significant CAGR of 3.9% from 2014 to 2020.

Further key findings from the study suggest:


& valves are expected to grow at a significant CAGR of 3.8% from 2014 to 2020 owing to increasing number of pipelines globally.

itness high market growth over the forecast period.

t share over the forecast period. Small industry participants find it difficult to survive in the overall market on account of its high risk and high capital nature.



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Keywords (optional):

oilfield-equipment, oilfield, oil-field, equipment, machinery, drilling,



Company information / Profile:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com



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published by: HexaResearch
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Date: 11/18/2019 - 05:34
Language: English
News-ID 1553996
Character count: 2681
Kontakt-Informationen:
Firma: Grand View Research, Inc.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: San Francisco
Telefon: 1-888- 202-9519

Meldungsart: Financial
Versandart: send
Freigabedatum: 18.11.2019
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