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According to the latest research analysis,the global market for Oilfield Services and Equipment (OFSE) should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
China Oilfield Services and Equipment (OFSE) market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
The United States Oilfield Services and Equipment (OFSE) market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
In terms of type, Drilling segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Onshore has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.
The global key manufacturers of Oilfield Services and Equipment (OFSE) include Schlumberger, Halliburton, Baker Hughes (GE), Weatherford, NOV, TechnipFMC, COSL, Archer and Expro, etc. In 2022, the global top five players hold a share approximately % in terms of revenue.
The oilfield services and equipment (OFSE) industry provides equipment and services to oil and gas exploration and production (E&P) companies worldwide. Where there are oil and gas reserves, you’ll typically find drilling, completion, and various other oilfield services associated with extracting that oil and gas.
This report aims to provide a comprehensive study of the global market for Oilfield Services and Equipment (OFSE).
Data-Driven Insights: Highlights from Our Report
(1) Global Oilfield Services and Equipment (OFSE) market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.
(2) Global Oilfield Services and Equipment (OFSE) market competitive situation, revenue and market share, from 2018 to 2022.
(3) China Oilfield Services and Equipment (OFSE) market competitive situation, revenue and market share, from 2018 to 2022.
(4) Global Oilfield Services and Equipment (OFSE) segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.
(5) Global Oilfield Services and Equipment (OFSE) segment by type and by application and regional segment by type and by application.
(6) Oilfield Services and Equipment (OFSE) industry supply chain, upstream, midstream and downstream analysis.
Breaking Down Market Segments by Region: A Deep Dive Analysis
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Understanding Market Segments by Type: A Comparative Analysis
Drilling
Workover & Completion
Production
Processing & Separation
Geophysical
Market Segmentation by Application: Dividing Key Markets and Identifying Opportunities
Onshore
Offshore
Understanding Market Segments by Key Players: Insights and Opportunities
Schlumberger
Halliburton
Baker Hughes (GE)
Weatherford
NOV
TechnipFMC
COSL
Archer
Expro
Trican Well Service
Ranger Energy Services
Nabors
Saipem
Patterson-UTI
Liberty Oilfield Services
Helmerich & Payne
Calfrac Well Services
Key Energy Services
Transocean
Petrofrac
RPC
AlMansoori
ADES
KCA Deutag
NexTier Oilfield Solutions
1 Market Overview
1.1 Product Overview and Scope of Oilfield Services and Equipment (OFSE)
1.2 Global Oilfield Services and Equipment (OFSE) Market Size and Forecast
1.3 China Oilfield Services and Equipment (OFSE) Market Size and Forecast
1.4 China Market Percentage in Global
1.4.1 By Revenue, China Oilfield Services and Equipment (OFSE) Share in Global Market, 2018-2029
1.4.2 Oilfield Services and Equipment (OFSE) Market Size: China VS Global, 2018-2029
1.5 Oilfield Services and Equipment (OFSE) Market Dynamics
1.5.1 Oilfield Services and Equipment (OFSE) Market Drivers
1.5.2 Oilfield Services and Equipment (OFSE) Market Restraints
1.5.3 Oilfield Services and Equipment (OFSE) Industry Trends
1.5.4 Oilfield Services and Equipment (OFSE) Industry Policy
2 Global Competitive Situation by Company
2.1 Global Oilfield Services and Equipment (OFSE) Revenue by Company (2018-2023)
2.2 Global Oilfield Services and Equipment (OFSE) Participants, Market Position (Tier 1, Tier 2 and Tier 3)
2.3 Global Oilfield Services and Equipment (OFSE) Concentration Ratio
2.4 Global Oilfield Services and Equipment (OFSE) Mergers & Acquisitions, Expansion Plans
2.5 Global Oilfield Services and Equipment (OFSE) Manufacturers Product Type
3 China Competitive Situation by Company
3.1 China Oilfield Services and Equipment (OFSE) Revenue by Company (2018-2023)
3.2 China Oilfield Services and Equipment (OFSE) Oilfield Services and Equipment (OFSE) Participants, Market Position (Tier 1, Tier 2 and Tier 3)
3.3 China Oilfield Services and Equipment (OFSE), Revenue Percentage of Local Players VS Foreign Manufacturers (2018-2023)
4 Industry Chain Analysis
4.1 Oilfield Services and Equipment (OFSE) Industry Chain
4.2 Oilfield Services and Equipment (OFSE) Upstream Analysis
4.3 Oilfield Services and Equipment (OFSE) Midstream Analysis
4.4 Oilfield Services and Equipment (OFSE) Downstream Analysis
5 Sights by Type
5.1 Oilfield Services and Equipment (OFSE) Classification
5.1.1 Drilling
5.1.2 Workover & Completion
5.1.3 Production
5.1.4 Processing & Separation
5.1.5 Geophysical
5.2 By Type, Global Oilfield Services and Equipment (OFSE) Market Size & CAGR, 2018 VS 2022 VS 2029
5.3 By Type, Global Oilfield Services and Equipment (OFSE) Revenue, 2018-2029
6 Sights by Application
6.1 Oilfield Services and Equipment (OFSE) Segment by Application
6.1.1 Onshore
6.1.2 Offshore
6.2 By Application, Global Oilfield Services and Equipment (OFSE) Market Size & CAGR, 2018 VS 2022 VS 2029
6.3 By Application, Global Oilfield Services and Equipment (OFSE) Revenue, 2018-2029
7 Sales Sights by Region
7.1 By Region, Global Oilfield Services and Equipment (OFSE) Market Size, 2018 VS 2022 VS 2029
7.2 By Region, Global Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
7.3 North America
7.3.1 North America Oilfield Services and Equipment (OFSE) Market Size & Forecasts, 2018-2029
7.3.2 By Country, North America Oilfield Services and Equipment (OFSE) Market Size Market Share
7.4 Europe
7.4.1 Europe Oilfield Services and Equipment (OFSE) Market Size & Forecasts, 2018-2029
7.4.2 By Country, Europe Oilfield Services and Equipment (OFSE) Market Size Market Share
7.5 Asia Pacific
7.5.1 Asia Pacific Oilfield Services and Equipment (OFSE) Market Size & Forecasts, 2018-2029
7.5.2 By Country/Region, Asia Pacific Oilfield Services and Equipment (OFSE) Market Size Market Share
7.6 South America
7.6.1 South America Oilfield Services and Equipment (OFSE) Market Size & Forecasts, 2018-2029
7.6.2 By Country, South America Oilfield Services and Equipment (OFSE) Market Size Market Share
7.7 Middle East & Africa
8 Sights by Country Level
8.1 By Country, Global Oilfield Services and Equipment (OFSE) Market Size & CAGR,2018 VS 2022 VS 2029
8.2 By Country, Global Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.3 U.S.
8.3.1 U.S. Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.3.2 By Company, U.S. Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.3.3 By Type, U.S. Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.3.4 By Application, U.S. Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.4 Europe
8.4.1 Europe Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.4.2 By Company, Europe Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.4.3 By Type, Europe Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.4.4 By Application, Europe Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.5 China
8.5.1 China Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.5.2 By Company, China Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.5.3 By Type, China Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.5.4 By Application, China Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.6 Japan
8.6.1 Japan Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.6.2 By Company, Japan Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.6.3 By Type, Japan Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.6.4 By Application, Japan Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.7 South Korea
8.7.1 South Korea Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.7.2 By Company, South Korea Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.7.3 By Type, South Korea Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.7.4 By Application, South Korea Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.8 Southeast Asia
8.8.1 Southeast Asia Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.8.2 By Company, Southeast Asia Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.8.3 By Type, Southeast Asia Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.8.4 By Application, Southeast Asia Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.9 India
8.9.1 India Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.9.2 By Company, India Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.9.3 By Type, India Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.9.4 By Application, India Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.10 Middle East & Asia
8.10.1 Middle East & Asia Oilfield Services and Equipment (OFSE) Market Size, 2018-2029
8.10.2 By Company, Middle East & Asia Oilfield Services and Equipment (OFSE) Revenue Market Share, 2018-2023
8.10.3 By Type, Middle East & Asia Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
8.10.4 By Application, Middle East & Asia Oilfield Services and Equipment (OFSE) Revenue Market Share, 2022 VS 2029
9 Global Manufacturers Profile
9.1 Schlumberger
9.1.1 Schlumberger Company Information, Head Office, Market Area and Industry Position
9.1.2 Schlumberger Company Profile and Main Business
9.1.3 Schlumberger Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.1.4 Schlumberger Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.1.5 Schlumberger Recent Developments
9.2 Halliburton
9.2.1 Halliburton Company Information, Head Office, Market Area and Industry Position
9.2.2 Halliburton Company Profile and Main Business
9.2.3 Halliburton Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.2.4 Halliburton Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.2.5 Halliburton Recent Developments
9.3 Baker Hughes (GE)
9.3.1 Baker Hughes (GE) Company Information, Head Office, Market Area and Industry Position
9.3.2 Baker Hughes (GE) Company Profile and Main Business
9.3.3 Baker Hughes (GE) Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.3.4 Baker Hughes (GE) Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.3.5 Baker Hughes (GE) Recent Developments
9.4 Weatherford
9.4.1 Weatherford Company Information, Head Office, Market Area and Industry Position
9.4.2 Weatherford Company Profile and Main Business
9.4.3 Weatherford Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.4.4 Weatherford Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.4.5 Weatherford Recent Developments
9.5 NOV
9.5.1 NOV Company Information, Head Office, Market Area and Industry Position
9.5.2 NOV Company Profile and Main Business
9.5.3 NOV Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.5.4 NOV Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.5.5 NOV Recent Developments
9.6 TechnipFMC
9.6.1 TechnipFMC Company Information, Head Office, Market Area and Industry Position
9.6.2 TechnipFMC Company Profile and Main Business
9.6.3 TechnipFMC Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.6.4 TechnipFMC Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.6.5 TechnipFMC Recent Developments
9.7 COSL
9.7.1 COSL Company Information, Head Office, Market Area and Industry Position
9.7.2 COSL Company Profile and Main Business
9.7.3 COSL Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.7.4 COSL Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.7.5 COSL Recent Developments
9.8 Archer
9.8.1 Archer Company Information, Head Office, Market Area and Industry Position
9.8.2 Archer Company Profile and Main Business
9.8.3 Archer Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.8.4 Archer Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.8.5 Archer Recent Developments
9.9 Expro
9.9.1 Expro Company Information, Head Office, Market Area and Industry Position
9.9.2 Expro Company Profile and Main Business
9.9.3 Expro Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.9.4 Expro Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.9.5 Expro Recent Developments
9.10 Trican Well Service
9.10.1 Trican Well Service Company Information, Head Office, Market Area and Industry Position
9.10.2 Trican Well Service Company Profile and Main Business
9.10.3 Trican Well Service Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.10.4 Trican Well Service Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.10.5 Trican Well Service Recent Developments
9.11 Ranger Energy Services
9.11.1 Ranger Energy Services Company Information, Head Office, Market Area and Industry Position
9.11.2 Ranger Energy Services Company Profile and Main Business
9.11.3 Ranger Energy Services Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.11.4 Ranger Energy Services Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.11.5 Ranger Energy Services Recent Developments
9.12 Nabors
9.12.1 Nabors Company Information, Head Office, Market Area and Industry Position
9.12.2 Nabors Company Profile and Main Business
9.12.3 Nabors Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.12.4 Nabors Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.12.5 Nabors Recent Developments
9.13 Saipem
9.13.1 Saipem Company Information, Head Office, Market Area and Industry Position
9.13.2 Saipem Company Profile and Main Business
9.13.3 Saipem Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.13.4 Saipem Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.13.5 Saipem Recent Developments
9.14 Patterson-UTI
9.14.1 Patterson-UTI Company Information, Head Office, Market Area and Industry Position
9.14.2 Patterson-UTI Company Profile and Main Business
9.14.3 Patterson-UTI Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.14.4 Patterson-UTI Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.14.5 Patterson-UTI Recent Developments
9.15 Liberty Oilfield Services
9.15.1 Liberty Oilfield Services Company Information, Head Office, Market Area and Industry Position
9.15.2 Liberty Oilfield Services Company Profile and Main Business
9.15.3 Liberty Oilfield Services Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.15.4 Liberty Oilfield Services Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.15.5 Liberty Oilfield Services Recent Developments
9.16 Helmerich & Payne
9.16.1 Helmerich & Payne Company Information, Head Office, Market Area and Industry Position
9.16.2 Helmerich & Payne Company Profile and Main Business
9.16.3 Helmerich & Payne Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.16.4 Helmerich & Payne Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.16.5 Helmerich & Payne Recent Developments
9.17 Calfrac Well Services
9.17.1 Calfrac Well Services Company Information, Head Office, Market Area and Industry Position
9.17.2 Calfrac Well Services Company Profile and Main Business
9.17.3 Calfrac Well Services Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.17.4 Calfrac Well Services Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.17.5 Calfrac Well Services Recent Developments
9.18 Key Energy Services
9.18.1 Key Energy Services Company Information, Head Office, Market Area and Industry Position
9.18.2 Key Energy Services Company Profile and Main Business
9.18.3 Key Energy Services Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.18.4 Key Energy Services Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.18.5 Key Energy Services Recent Developments
9.19 Transocean
9.19.1 Transocean Company Information, Head Office, Market Area and Industry Position
9.19.2 Transocean Company Profile and Main Business
9.19.3 Transocean Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.19.4 Transocean Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.19.5 Transocean Recent Developments
9.20 Petrofrac
9.20.1 Petrofrac Company Information, Head Office, Market Area and Industry Position
9.20.2 Petrofrac Company Profile and Main Business
9.20.3 Petrofrac Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.20.4 Petrofrac Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.20.5 Petrofrac Recent Developments
9.21 RPC
9.21.1 RPC Company Information, Head Office, Market Area and Industry Position
9.21.2 RPC Company Profile and Main Business
9.21.3 RPC Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.21.4 RPC Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.21.5 RPC Recent Developments
9.22 AlMansoori
9.22.1 AlMansoori Company Information, Head Office, Market Area and Industry Position
9.22.2 AlMansoori Company Profile and Main Business
9.22.3 AlMansoori Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.22.4 AlMansoori Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.22.5 AlMansoori Recent Developments
9.23 ADES
9.23.1 ADES Company Information, Head Office, Market Area and Industry Position
9.23.2 ADES Company Profile and Main Business
9.23.3 ADES Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.23.4 ADES Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.23.5 ADES Recent Developments
9.24 KCA Deutag
9.24.1 KCA Deutag Company Information, Head Office, Market Area and Industry Position
9.24.2 KCA Deutag Company Profile and Main Business
9.24.3 KCA Deutag Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.24.4 KCA Deutag Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.24.5 KCA Deutag Recent Developments
9.25 NexTier Oilfield Solutions
9.25.1 NexTier Oilfield Solutions Company Information, Head Office, Market Area and Industry Position
9.25.2 NexTier Oilfield Solutions Company Profile and Main Business
9.25.3 NexTier Oilfield Solutions Oilfield Services and Equipment (OFSE) Models, Specifications and Application
9.25.4 NexTier Oilfield Solutions Oilfield Services and Equipment (OFSE) Revenue and Gross Margin, 2018-2023
9.25.5 NexTier Oilfield Solutions Recent Developments
10 Conclusion
11 Appendix
11.1 Research Methodology
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Market Estimation Model
11.4 Disclaimer
Research Methodology:
Global Oilfield Services and Equipment (OFSE) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Qualitative Analysis |
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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