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Oilfield Equipments Market Forecast up to 2020

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The global market for oilfield equipment is expected to reach USD 127.60 billion by 2020; according to a new study by Grand View Research, Inc. Increasing drilling activities, on account of growing energy demand, is expected to remain a key driving
Global Oilfield Equipment Market By Product (Drilling
Equipment, Field Production Machinery, Pumps & Valves)
Expected to Reach USD 127.60 Billion by 2020: Grand View
Research, Inc.
The global market for oilfield equipment is expected to reach USD 127.60 billion by 2020;
according to a new study by Grand View Research, Inc. Increasing drilling activities, on account
of growing energy demand, is expected to remain a key driving factor for the market. However,
cost intensive nature of the market due to risk and low reliability of operations is a major
challenge to the growth of this market.
Drilling equipment was the leading product segment and accounted for 73.7% of total market
revenue in 2013. In addition to being the largest product segment, drilling equipment is also
expected to be the fastest growing product segment at an estimated CAGR of 4.2% from 2014 to
2020. It was followed by field production machinery and pumps & valves which is expected to
exceed a market worth USD 20 billion by 2020, at an estimated CAGR of 3% from 2014 to
2020.
View summary of this report @ http://www.grandviewresearch.com/industryanalysis/oilfield-equipments-market
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Table of Contents
Chapter 1 Executive Summary
1.1 Oilfield equipments – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Oilfield equipments Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Oilfield equipments Value Chain Analysis
2.4 Oilfield equipments Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Increase in extraction activities
2.4.1.2 Shale gas extraction
2.4.1.3 Technological developments for efficiency and safety
2.4.2 Market restraint analysis
2.4.2.1 Capital intensive market
2.4.2.2 Government Regulations
2.4.2.3 Alternative of renewable energy resources
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Oilfield equipments - Company Market Share Analysis
2.8 Oilfield equipments - PESTEL Analysis
Chapter 3 Oilfield equipments Product Outlook
3.1 Drilling Equipments
3.1.1. Global Drilling Equipments Demand, 2012-2020, (USD million)
3.2 Pumps & Valves
3.2.1 Global Pumps & Valves Demand, 2012-2020, (USD million)
3.3 Field Production Machinery
3.3.1 Global Field Production Machinery Demand, 2012-2020, (USD million)
3.4 Others
3.4.1 Global Others Demand, 2012-2020, (USD million)
Chapter 4 Oilfield equipments Regional Outlook
4.1 North America
4.1.1 North America Oilfield equipments market by product, 2012-2020, (USD
million)
4.2 Europe
4.2.1 Europe Oilfield equipments market by product, 2012-2020, (USD million)
4.3 Asia Pacific
4.3.1 Asia Pacific Oilfield equipments market volume & revenue by product, 20122020, (USD million)
4.4 RoW
4.4.1 RoW Oilfield equipments market volume & revenue by product, 2012-2020,
(USD million)
Chapter 5 Oilfield equipment Competitive Landscape
5.1 Aker Solutions
5.1.1 Company Overview
5.1.2 Financial Performance
5.1.3 Product Benchmarking
5.1.4 Strategic Initiatives
5.2 FMC Technologies
5.2.1 Company Overview
5.2.2 Financial Performance
5.2.3 Product Benchmarking
5.2.4 Strategic Initiatives
5.3 Cameron International
5.3.1 Company Overview
5.3.2 Financial Performance
5.3.3 Product Benchmarking
5.3.4 Strategic Initiatives
5.4 Baker Hughes
5.4.1 Company Overview
5.4.2 Financial Performance
5.4.3 Product Benchmarking
5.4.4 Strategic Initiatives
5.5 ENI
5.5.1 Company Overview
5.5.2 Financial Performance
5.5.3 Product Benchmarking
5.5.4 Strategic Initiatives
5.6 Halliburton Company
5.6.1 Company Overview
5.6.2 Financial Performance
5.6.3 Product Benchmarking
5.6.4 Strategic Initiatives
5.7 Weatherford International
5.7.1 Company Overview
5.7.2 Financial Performance
5.7.3 Product Benchmarking
5.7.4 Strategic Initiatives
5.8 Schlumberger
5.8.1 Company Overview
5.8.2 Financial Performance
5.8.3 Product Benchmarking
5.8.4 Strategic Initiatives
5.9 National Oilwell Varco Incorporated
5.9.1 Company Overview
5.9.2 Financial Performance
5.9.3 Product Benchmarking
5.9.4 Strategic Initiatives
5.10 Zenith Oilfield Technology
5.10.1 Company Overview
5.10.2 Financial Performance
5.10.3 Product Benchmarking
5.10.4 Strategic Initiatives
5.11 Transocean
5.11.1 Company Overview
5.11.2 Financial Performance
5.11.3 Product Benchmarking
5.11.4 Strategic Initiatives
5.12 Abbot Group
5.12.1 Company Overview
5.12.2 Financial Performance
5.12.3 Product Benchmarking
5.12.4 Strategic Initiatives
Chapter 6 Methodology & Scope
6.1 Research Methodology
6.2 Research Scope & Assumptions
6.3 List of Data Sources
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/oiland-gas-drilling-and-extraction-equipments
Further key findings from the study suggest:
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North America dominated the regional oilfield equipment market and accounted for
39.5% of total market revenue in 2013 and is expected to grow at an estimated-belowmarket-average CAGR of 3.8%. However, Asia Pacific is expected to be the fastest
growing regional market for oilfield equipment at an estimated CAGR of 4.5% from
2014 to 2020. Asia Pacific is expected to rapid growth on account of increasing
exploration activities mainly in China and India to meet the growing energy demand.
With its extensive oil and natural gas reserves, Middle East and Africa are expected to
contribute significantly to the global oilfield equipment market and are expected to grow
at an estimated CAGR of 4.2% from 2014 to 2020.
Field production machinery market revenue is expected to reach USD 20 billion by 2020,
growing at a CAGR of 3% from 2014 to 2020.
The global market for oilfield market is highly fragmented with top four companies
operating in the market accounting for just over 30% of total market in 2013. The
existence of several specializing niche vendor segments, scattered globally, has given rise
to such market share distribution.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic
objective insights.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
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