• global oilfield equipment market 2025 analysis in India
  • global oilfield equipment market 2025 analysis in India
  • global oilfield equipment market 2025 analysis in India
  • global oilfield equipment market 2025 analysis in India
  • What is the global oilfield equipment market size?
  • Global oilfield equipment market size was estimated at USD 97.34 billion in 2013. High demand is resulting in increased crude yielding activities which in turn are expected to drive demand over the forecast period. To yield better results, there is a need to develop high performance and efficient and reliable tools.
  • How will the oilfield equipment market grow in the forecast period?
  • The company has earmarked a capital expenditure budget ranging from USD 240 million to USD 280 million for the year. Such projects are expected to create significant demand for oilfield equipment. Therefore, factors such as rising oil and gas activities are expected to grow the oilfield equipment market in the forecast period.
  • Which segment will dominate the oilfield equipment market worldwide?
  • Hence, the onshore segment is expected to dominate the oilfield equipment market worldwide. North America, especially the U.S., is set to dominate the market in the years ahead owing to surging investments in shale and tight oil basins. The U.S. has long been a heavyweight in global oil production.
  • What is the potential for oilfield equipment market?
  • Furthermore, the occurrence of huge unmapped hydrocarbon abundant reserves, both in onshore and offshore basins, coupled with the high dependency of the regional economy on the industry is expected to have immense potential for the oilfield equipment market in the near future.
  • Will North America witness significant growth in the global oilfield equipment market?
  • North America is anticipated to witness significant growth in the global oilfield equipment market during the forecast period due to surge in deep-water and ultra-deepwater fields.
  • How rig counts affect the oilfield equipment market?
  • With the increasing rig counts on the land region, drilling, production, and other oil field activities are expected to be in demand. It, in turn, will drive the oilfield equipment market for the onshore region.