DUBLIN--(BUSINESS WIRE)--The "Global Oilfield Services Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The oilfield services market will register a CAGR of almost 3% by 2023.
The liquid fuel consumption is expected to grow further to 101.51 mbpd by 2019
The strong demand for petroleum products especially in developing countries such as China, India, and Indonesia, and the growing use of natural gas for power generation and city gas distribution across the world are major factors driving the demand for fossil fuel. Hence the investment in oilfield services is growing.
Increase in number of deep-water and ultra-deep-water drilling projects
The oil majors are gradually resuming their offshore operations especially in regions such as the Gulf of Mexico and Brazil as the crude oil prices are recovering. In such demanding market conditions extended reach wells can be commercially viable as they can increase production from oilfields.
The rise in the number of projects is due to stabilization of the crude oil price which has increased the profit margin for drilling and production companies. This factor is expected to raise the demand for oilfield services during the forecast period.
Volatility in oil and gas prices
Volatile crude oil price is one of the biggest challenges for the global oilfield services market as an uncertain price environment has a severe impact on new E&P investments and contract prices. Consequently, affecting the demand for oilfield services. The crude oil price cycle has not exhibited a consistent trend over the last decade.
Competitive Landscape
The market appears to be fragmented and with the presence of several. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- Baker Hughes
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Americas - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Baker Hughes
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford
For more information about this report visit https://www.researchandmarkets.com/research/zfqdld/oilfield_services?w=4
