Oilfield Service Market, Global Outlook and Forecast 2023-2029

Report ID: MMG139368 | Category: Service & Software | Pages: 63 | Format: PDF | Published Date: July 21,2023

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Report Summary

The oilfield services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, include many technology-based services that are vital for successful field operations. Such services include locating energy sources, energy data management, drilling and formation evaluation, geological sciences, and many others.
This report aims to provide a comprehensive presentation of the global market for Oilfield Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Oilfield Service. This report contains market size and forecasts of Oilfield Service in global, including the following market information:
Global Oilfield Service Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Oilfield Service market was valued at US$ 211780 million in 2022 and is projected to reach US$ 253180 million by 2029, at a CAGR of 2.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Oilfield Services key players include Schlumberger, Halliburton, TechnipFMC, Baker Hughes (GE), Saipem, etc. Global top five manufacturers hold a share about 35%.
North America is the largest market, with a share over 35%, followed by Asia-Pacific and Europe, both have a share about 40 percent. 
In terms of product, Drilling Services is the largest segment, with a share about 40%. And in terms of application, the largest application is Onshore, followed by Cereals and Offshore.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Oilfield Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oilfield Service Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Oilfield Service Market Segment Percentages, by Type, 2022 (%)
    Coiled Tubing
    Wireline
    OCTG(Oil Country Tubular Goods)
    Completion Equipment & Services
    Well Intervention
    Drilling & Completion Fluids
    Pressure Pumping
    Drilling Waste Management
Global Oilfield Service Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Oilfield Service Market Segment Percentages, by Application, 2022 (%)
    Onshore
    Shallow Water
    Deep Water
Global Oilfield Service Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Oilfield Service Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oilfield Service revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Oilfield Service revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    GE
    Weatherford
    Halliburton
    Superior Energy Services
    Expro International Group
    National Oilwell Varco
    Schlumberger
    Key Energy Services
    Pioneer Energy Services
    Nabors Industries
Outline of Major Chapters:
Chapter 1: Introduces the definition of Oilfield Service, market overview.
Chapter 2: Global Oilfield Service market size in revenue.
Chapter 3: Detailed analysis of Oilfield Service company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Oilfield Service in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Oilfield Service Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Oilfield Service Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Oilfield Service Overall Market Size
    2.1 Global Oilfield Service Market Size: 2022 VS 2029
    2.2 Global Oilfield Service Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Oilfield Service Players in Global Market
    3.2 Top Global Oilfield Service Companies Ranked by Revenue
    3.3 Global Oilfield Service Revenue by Companies
    3.4 Top 3 and Top 5 Oilfield Service Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Oilfield Service Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Oilfield Service Players in Global Market
        3.6.1 List of Global Tier 1 Oilfield Service Companies
        3.6.2 List of Global Tier 2 and Tier 3 Oilfield Service Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Oilfield Service Market Size Markets, 2022 & 2029
        4.1.2 Coiled Tubing
        4.1.3 Wireline
        4.1.4 OCTG(Oil Country Tubular Goods)
        4.1.5 Completion Equipment & Services
        4.1.6 Well Intervention
        4.1.7 Drilling & Completion Fluids
        4.1.8 Pressure Pumping
        4.1.9 Drilling Waste Management
    4.2 By Type - Global Oilfield Service Revenue & Forecasts
        4.2.1 By Type - Global Oilfield Service Revenue, 2018-2023
        4.2.2 By Type - Global Oilfield Service Revenue, 2024-2029
        4.2.3 By Type - Global Oilfield Service Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Oilfield Service Market Size, 2022 & 2029
        5.1.2 Onshore
        5.1.3 Shallow Water
        5.1.4 Deep Water
    5.2 By Application - Global Oilfield Service Revenue & Forecasts
        5.2.1 By Application - Global Oilfield Service Revenue, 2018-2023
        5.2.2 By Application - Global Oilfield Service Revenue, 2024-2029
        5.2.3 By Application - Global Oilfield Service Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Oilfield Service Market Size, 2022 & 2029
    6.2 By Region - Global Oilfield Service Revenue & Forecasts
        6.2.1 By Region - Global Oilfield Service Revenue, 2018-2023
        6.2.2 By Region - Global Oilfield Service Revenue, 2024-2029
        6.2.3 By Region - Global Oilfield Service Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Oilfield Service Revenue, 2018-2029
        6.3.2 US Oilfield Service Market Size, 2018-2029
        6.3.3 Canada Oilfield Service Market Size, 2018-2029
        6.3.4 Mexico Oilfield Service Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Oilfield Service Revenue, 2018-2029
        6.4.2 Germany Oilfield Service Market Size, 2018-2029
        6.4.3 France Oilfield Service Market Size, 2018-2029
        6.4.4 U.K. Oilfield Service Market Size, 2018-2029
        6.4.5 Italy Oilfield Service Market Size, 2018-2029
        6.4.6 Russia Oilfield Service Market Size, 2018-2029
        6.4.7 Nordic Countries Oilfield Service Market Size, 2018-2029
        6.4.8 Benelux Oilfield Service Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Oilfield Service Revenue, 2018-2029
        6.5.2 China Oilfield Service Market Size, 2018-2029
        6.5.3 Japan Oilfield Service Market Size, 2018-2029
        6.5.4 South Korea Oilfield Service Market Size, 2018-2029
        6.5.5 Southeast Asia Oilfield Service Market Size, 2018-2029
        6.5.6 India Oilfield Service Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Oilfield Service Revenue, 2018-2029
        6.6.2 Brazil Oilfield Service Market Size, 2018-2029
        6.6.3 Argentina Oilfield Service Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Oilfield Service Revenue, 2018-2029
        6.7.2 Turkey Oilfield Service Market Size, 2018-2029
        6.7.3 Israel Oilfield Service Market Size, 2018-2029
        6.7.4 Saudi Arabia Oilfield Service Market Size, 2018-2029
        6.7.5 UAE Oilfield Service Market Size, 2018-2029
7 Oilfield Service Companies Profiles
    7.1 GE
        7.1.1 GE Company Summary
        7.1.2 GE Business Overview
        7.1.3 GE Oilfield Service Major Product Offerings
        7.1.4 GE Oilfield Service Revenue in Global Market (2018-2023)
        7.1.5 GE Key News & Latest Developments
    7.2 Weatherford
        7.2.1 Weatherford Company Summary
        7.2.2 Weatherford Business Overview
        7.2.3 Weatherford Oilfield Service Major Product Offerings
        7.2.4 Weatherford Oilfield Service Revenue in Global Market (2018-2023)
        7.2.5 Weatherford Key News & Latest Developments
    7.3 Halliburton
        7.3.1 Halliburton Company Summary
        7.3.2 Halliburton Business Overview
        7.3.3 Halliburton Oilfield Service Major Product Offerings
        7.3.4 Halliburton Oilfield Service Revenue in Global Market (2018-2023)
        7.3.5 Halliburton Key News & Latest Developments
    7.4 Superior Energy Services
        7.4.1 Superior Energy Services Company Summary
        7.4.2 Superior Energy Services Business Overview
        7.4.3 Superior Energy Services Oilfield Service Major Product Offerings
        7.4.4 Superior Energy Services Oilfield Service Revenue in Global Market (2018-2023)
        7.4.5 Superior Energy Services Key News & Latest Developments
    7.5 Expro International Group
        7.5.1 Expro International Group Company Summary
        7.5.2 Expro International Group Business Overview
        7.5.3 Expro International Group Oilfield Service Major Product Offerings
        7.5.4 Expro International Group Oilfield Service Revenue in Global Market (2018-2023)
        7.5.5 Expro International Group Key News & Latest Developments
    7.6 National Oilwell Varco
        7.6.1 National Oilwell Varco Company Summary
        7.6.2 National Oilwell Varco Business Overview
        7.6.3 National Oilwell Varco Oilfield Service Major Product Offerings
        7.6.4 National Oilwell Varco Oilfield Service Revenue in Global Market (2018-2023)
        7.6.5 National Oilwell Varco Key News & Latest Developments
    7.7 Schlumberger
        7.7.1 Schlumberger Company Summary
        7.7.2 Schlumberger Business Overview
        7.7.3 Schlumberger Oilfield Service Major Product Offerings
        7.7.4 Schlumberger Oilfield Service Revenue in Global Market (2018-2023)
        7.7.5 Schlumberger Key News & Latest Developments
    7.8 Key Energy Services
        7.8.1 Key Energy Services Company Summary
        7.8.2 Key Energy Services Business Overview
        7.8.3 Key Energy Services Oilfield Service Major Product Offerings
        7.8.4 Key Energy Services Oilfield Service Revenue in Global Market (2018-2023)
        7.8.5 Key Energy Services Key News & Latest Developments
    7.9 Pioneer Energy Services
        7.9.1 Pioneer Energy Services Company Summary
        7.9.2 Pioneer Energy Services Business Overview
        7.9.3 Pioneer Energy Services Oilfield Service Major Product Offerings
        7.9.4 Pioneer Energy Services Oilfield Service Revenue in Global Market (2018-2023)
        7.9.5 Pioneer Energy Services Key News & Latest Developments
    7.10 Nabors Industries
        7.10.1 Nabors Industries Company Summary
        7.10.2 Nabors Industries Business Overview
        7.10.3 Nabors Industries Oilfield Service Major Product Offerings
        7.10.4 Nabors Industries Oilfield Service Revenue in Global Market (2018-2023)
        7.10.5 Nabors Industries Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Oilfield Service Market, Global Outlook and Forecast 2023-2029

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