Global Oilfield Services Market to Reach $177.6 Billion by 2030
The global market for Oilfield Services estimated at US$98.9 Billion in the year 2022, is projected to reach a revised size of US$177.6 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030. Equipment Rental, one of the segments analyzed in the report, is projected to record 8.5% CAGR and reach US$99.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Field Operation segment is readjusted to a revised 7.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $26.9 Billion, While China is Forecast to Grow at 12.1% CAGR
The Oilfield Services market in the U.S. is estimated at US$26.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$41.3 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.Select Competitors (Total 69 Featured) -
- Baker Hughes Incorporated
- BJ Services Company
- China Oilfield Services Limited
- Fluor
- Halliburton Company
- Nabors Industries Ltd.
- National Oilwell Varco, Inc.
- Nordic Well Services LLC
- Oil States Industries
- Petrofac
- Saipem
- Schlumberger Limited
- SGS S.A.
- Superior Energy Services, Inc.
- Technipfmc PLC
- Transocean
- Trican Well Service Ltd.
- Weatherford International PLC
- Weir Oil and Gas
- Welltec International APS
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Baker Hughes Incorporated
- BJ Services Company
- China Oilfield Services Limited
- Fluor
- Halliburton Company
- Nabors Industries Ltd.
- National Oilwell Varco, Inc.
- Nordic Well Services LLC
- Oil States Industries
- Petrofac
- Saipem
- Schlumberger Limited
- SGS S.A.
- Superior Energy Services, Inc.
- Technipfmc PLC
- Transocean
- Trican Well Service Ltd.
- Weatherford International PLC
- Weir Oil and Gas
- Welltec International APS
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 107 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 98.9 Billion |
Forecasted Market Value ( USD | $ 177.6 Billion |
Compound Annual Growth Rate | 7.6% |
Regions Covered | Global |