Oilfield Equipment Market Report added by DecisionDatabases.com offers industry size, share, growth, trends and forecast analysis upto 2023. Oilfield Equipment Market Report also covers top key players, porter’s five forces analysis and market segmentation in detail.
Oilfield equipment are devices and equipment used in the exploration and extraction of crude oil and gas. An oilfield is a vast spread region consisting of oil reservoirs and wells. Oilfield equipment include power equipment, production equipment, drilling and supply equipment and support equipment. These equipment use advance technology and techniques in exploration of oil and gas. Oilfield equipment are vital components of an oilfield as it is situated in a remote area away from human civilization. These equipment help in acquiring proper extraction of oil and gas with decent pace in order to meet the allotted timelines of work.
Based on product types global oilfield equipment market is categorized into pump & valves, field production machinery, drilling equipment and others. Drilling is the most basic function for extraction of oil and gas. Drilling equipment are used in drilling purpose to obtain oil and gas from the reservoirs. Pumps and valves are used for supply and transport purposes. The production and support machineries are essential machines having several functions and are used in exploration of oil and gas on an oilfield.
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Major segment contributing to the rapid growth of global oilfield equipment market are drilling equipment. Rising demand for oil and gas from end user industries is a remarkable factor to upsurge the growth of global oilfield equipment market. Use of modern drilling technology and techniques in oil and gas extraction is rapidly empowering the growth of this market. The ever increasing demand by end user industries for petroleum is another factor expected to boost the global oilfield equipment market for the forecast period. Stringent government regulations and expensive cost are factors restraining the growth of global oilfield equipment market.
Major Table Of Contents:
2. Executive Summary
3. Market Analysis Of The Oilfield Equipment
4. Oilfield Equipmemnt Market Analysis By Products
5. Oilfield Equipment Market Analysis By Region
6. Competitive Landscape Of Oilfield Equipment Companies
7. Company Profiles Of Oilfield Equipment Industry
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