Oilfield Services Market [2024-2032] | Global Size, Share, Emerging Trends

Oilfield Services Market Size, Share & COVID-19 Impact Analysis, By Type (Equipment Rental, Field Operation, and Analytical Services), By Service (Geophysical, Drilling, Completion & Workover, Production, and Processing & Separation), By Application (Onshore and Offshore {Shallow Water, Deepwater, Ultra-Deepwater}), and Regional Forecast, 2020-2032 

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 The global oilfield services market size was valued at USD 267.82 billion in 2019 and is projected to reach USD 481.82 billion by 2032, exhibiting a CAGR of 6.71% during the forecast period of 2020-2032. 

Oilfield Services Market Industry Competitive Analysis:

June 2020: Norwegian oil and gas company Equinor awarded two contracts worth up to USD 187,1 million to oilfield services provider Technip. Under the contract, TechnipFMC will provide pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS).


The major companies profiled in the report includes:

  • Schlumberger (Texas, United States)
  • Halliburton (Texas, United States)
  • Baker Hughes (Texas, United States)
  • Weir Oil and Gas (Glasgow, United Kingdom)
  • Emerson (Missouri, United States)
  • National Oilwell Varco (Texas, United States)
  • Weatherford (Texas, United States)
  • AlMansoori Specialized Engineering (Abu Dhabi, UAE)
  • Saudi Aramco (Dhahran, Saudi Arabia)
  • Protiviti (California, United States)
  • Abu Dhabi Oilfield Services (Abu Dhabi, UAE)
  • YAS Oilfield Services (Texas, US)
  • Superior Oilfield Services LLC (Abu Dhabi, UAE)
  • National Arabian Petroleum Services Company (Dammam, Saudi Arabia)
  • Larsen & Toubro (Mumbai, India)
  • Oceaneering (Houston, Texas)
  • China Oilfield Services Ltd. (Beijing, China)
  • Petroleum Dynamics Oil and Gas (East Ahmadi, Kuwait)
  • Petroleum Services Co. Kuwait (Kuwait)
  • Vallourec (Boulogne-Billancourt, France)
  • BJ Services (Texas, U.S.)
  • STARK International (Doha -Qatar)
  • Ruker Inc. (Billerica, Massachusetts)
  • Xi’an Huayang Oil&Gas Equipment Co., Ltd. (Xi’an, Shaanxi)
  • ADES – Advanced Energy Systems (Egypt)
  • Biyaq Oilfield Services (Mawaleh, Muscat)
  • Petrodar Operating Company (PDOC) (Khartoum, Sudan)
  • Middle East Oilfield Services LLC (Muscat, Oman)

 Key benefits

Increasing Shale Gas Extraction to Drive Market Growth

The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world artificial lift system market.

The market projections from 2024 to 2032 along with the impacting factors are mentioned in the report.

The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.

In-depth analyses of the key segments of the market demonstrate the consumption of Oilfield Services Market  in different applications across different end-user industries.

Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.

Industry Segmentations:

  • By Type
    • Equipment Rental
    • Field Operation
    • Analytical Services
  • By Service
    • Geophysical
    • Seismic Equipment
    • Seismic Service
    • Drilling
      • Offshore Drilling
      • OCTG
      • Directional Drilling
      • Drilling Fluid
      • Well Casing
      • Well Cementing
      • Drill Bits
      • Drilling Rigs
      • Logging While Drilling
      • Measurement While Drilling
      • Managed Pressure Drilling
      • Waste Management
      • Others
    • Completion & Workover
      • Well Intervention
      • Completion Fluid
      • Hydraulic Fracturing
      • Sand Control
      • Mud Logging
      • Wireline Logging
      • Others
    • Production
      • Artificial Lift
      • Floating Production Vessel
      • Support Vessel
      • Well Testing
      • Subsea Equipment
      • Christmas Tree
      • Enhanced Oil Recovery
      • Digital Oil Field
      • Others
    • Processing & Separation
      • Water Treatment
      • Oil Treatment
      • Gas Treatment
      • Solids Management
      • Others
  • By Application
    • Onshore
    • Offshore
      • Shallow Water
      • Deepwater
      • Ultra-Deepwater
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa


Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter’s Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Oilfield Services Market?

► Who are the prominent players in the Global Oilfield Services Market?

► What is the consumer perspective in the Global Oilfield Services Market?

► What are the key demand-side and supply-side trends in the Global Oilfield Services Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Oilfield Services Market?

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning

Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

Detailed analysis of the market revenue over the forecasted period.

Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

Study on the segments that are anticipated to dominate the market.

Study on the regional analysis that is expected to register the highest growth over the forecast period

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The report shares key insights on:

  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers and restraints
  • Regulatory scenario
  • Industry trend
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Competitive landscape

 Frequently Asked Questions (FAQs) for Oilfield Services Market Report:

A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:

  • What is the current global energy mix, and how is it expected to change in the future?
  • What are the main challenges facing the energy and power industry?
  • How are technological advancements impacting the way we generate, transmit, and distribute electricity?
  • What role do government policies play in shaping the energy and power landscape?
  • What are the potential impacts of climate change on the energy and power industry?
  • What is the future of energy prices?

Key Benefits of Buying the Report:

The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Oilfield Services Market and the sub segments.

The scope of the study addresses market analysis of gas compression and gas compression engines, and their applicability in transmission and related applications.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Oilfield Services Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

 Market Segmentation

  • Types of Oilfield Services Market
  • Applications of Oilfield Services Market
  • Research Regions
  • Market Dynamics
  • Oilfield Services Market Industry Trends
  • Oilfield Services Market Drivers
  • Oilfield Services Market Market Challenges
  • Oilfield Services Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Oilfield Services Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Oilfield Services Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Oilfield Services Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Oilfield Services Market
  • Major Players Manufacturing Base of Oilfield Services Market 
  • Major Players Market Distribution 
  • Oilfield Services Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Oilfield Services Market
  • Market Channel Analysis of Oilfield Services Market
  • Major Down Stream Customers by Application

TOC continued …

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