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Oilfield Equipment Market - Global and U.S. Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2012 - 2018
Published Date
09-July-2013
73 Page Report
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Oilfield Equipment Market: Drilling Equipment Gains Dominant Market
Share in North America, Market to reach US$117.37 billion by 2018
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REPORT DESCRIPTION
Oilfield Equipment Market - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2018
The global oilfield equipment market stood at US$93.74 billion in 2012 and is anticipated to reach
US$117.37 billion in by 2018. It is predicted to expand at a sluggish healthy CAGR of 3.80% from 2012 to
2018
Complete Report Oilfield Equipment Market with TOC :
http://www.transparencymarketresearch.com/oilfield-equipment.html
According to the report, the growing refining activities, increasing oil extraction, and the rising regional
consumption are amongst the prime factors fuelling the market for oilfield equipment. The ongoing efforts
for discovering new oilfields across numerous untapped regions all around the world have also encouraged
the utilization of different oilfield equipment, thus stimulating the overall market. In addition, the shift
towards small and new unconventional fields has also impacted the market positively. Furthermore, the use
of cutting techniques such as IOR and ER is driving the market for oilfield equipment. On the other hand,
factors such as the geopolitical issues and rigid regulatory policies have posed a negative effect on market
growth. In addition, the rising demand for sources of renewable sources of energy may also impede the
growth of the market in the coming years.
On the basis of product, the market for oilfield equipment is segmented into field machinery equipment,
drilling equipment, pumps and valves, and others, including well-surveying machinery, etc. Amongst
these, the segment of drilling equipment held the biggest share of more than 70% and 76% within the
global and the U.S. oilfield equipment market, respectively. In addition, the segment of drilling equipment
will also emerged as the most swiftly growing segment in the market rising at a CAGRs of 4.1% in the
global market and 4.2% in the U.S. market from 2012 to 2018. Drilling equipment are is utilized for boring
and piercing inside the earth for extracting natural gas. This segment was trailed by the segment of field
production machinery representing 18.4% in the market in 2011.
On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, the Middle
East and Africa, and Latin America. Amongst these, in 2011, North America held the biggest share of more
than 30% in the market for oilfield equipment. This is owing to the increasing activities of drilling of natural
gas and oil along with the swift growth in the availability of unconventional resources such as tight gas,
coal bed methane (CBM), and shale gas in Canada and the U.S. In addition, crude oil is highly widely
consumed within the U.S. and for meeting the rising demand, the prime producers have been exploring
various untapped and new reservoirs within this region. This further promotes the usage of oilfield
equipment in the U.S. On the other hand, Asia Pacific is emerged emerging as the most swiftly developing
oilfield equipment market and is predicted to expand at a 4.30% CAGR between 2012 and 2018
As mentioned in the report, the key players dominant in the market are Baker Hughes, Aker Solutions,
Cameroon International, National Oil well Varco (NOV), Halliburton, Weatherford International, and
Schlumberger among others.
Drilling Equipment
North America
Europe
Asia Pacific
Latin America
TABLE OF CONTENT
Chapter 1 Preface
About Us
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reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
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