MRO Magazine

Oilfield services market value by application

Rehana Begg   

Industry Energy Mining & Resources

The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.

That’s according to a new report, “Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region – Global Forecast to 2022,” released by research services group Markets and Markets.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the oilfield services market. These players include:

  • Baker Hughes Incorporated (U.S.),
  • Halliburton Company (U.S.),
  • Schlumberger Limited (U.S.),
  • Weatherford International,
  • PLC (Switzerland),
  • Superior Energy Services, Inc. (U.S.),
  • GE Oil & Gas (U.K.)

For more information, visit http://www.marketsandmarkets.com/pdfdownload.asp?id=263907746

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