Report overview
The oilfield equipment and services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, i.e. the upstream sector of the energy industry. In general these companies are engaged in the manufacturing, repair, and maintenance of equipment used in oil extraction and transportation.
Products such as seismic testing, transport services, and directional services for horizontal drillers in addition to well construction, and production and completion services are generally what most would typically think when an oilfield services company comes to mind.
However, the range of products and services under the OFS umbrella is wide and 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 contains market size and forecasts of Oilfield Equipment and Services (OFS) in Global, including the following market information:
Global Oilfield Equipment and Services (OFS) Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global top five companies in 2022 (%)
The global Oilfield Equipment and Services (OFS) market was valued at million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Drilling Services Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Oilfield Equipment and Services (OFS) include Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, National Oilwell Varco, TechnipFMC, COSL, Archer and Expro, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Oilfield Equipment and Services (OFS) 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 Equipment and Services (OFS) Market, by Type, 2018-2023, 2023-2030 ($ millions)
Global Oilfield Equipment and Services (OFS) Market Segment Percentages, by Type, 2022 (%)
Drilling Services
Workover & Completion Services
Production Services
Processing & Separation Services
Geophysical Services
Other Services
Global Oilfield Equipment and Services (OFS) Market, by Application, 2018-2023, 2023-2030 ($ millions)
Global Oilfield Equipment and Services (OFS) Market Segment Percentages, by Application, 2022 (%)
Onshore
Offshore
Global Oilfield Equipment and Services (OFS) Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions)
Global Oilfield Equipment and Services (OFS) 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 Equipment and Services (OFS) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Oilfield Equipment and Services (OFS) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schlumberger
Halliburton
Baker Hughes (GE)
Weatherford
National Oilwell Varco
TechnipFMC
COSL
Archer
Expro
Trican Well Service
Basic Energy Services
Nabors
Pioneer Energy Services
Saipem
Patterson-UTI
Liberty Oilfield Services
Helmerich & Payne
Calfrac Well Services
Key Energy Services
Welltec
Transocean
Petrofrac
RPC
AlMansoori
ADES
Eurasia Drilling
KCA Deutag
NexTier Oilfield Solutions
