Growth of Oilfield Services Market to be Impacted by Technological Innovations

1. Global oilfield services markethas been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on applications and geography for the forecast period 2019-2023. To learn more about the global trends impacting the future of market research: Download Free Sample Report This report on the oilfield services market includes: Oilfield services market analysis and forecast 2019-2023: Features Competitive landscape Market segmentation Applications Geography Market drivers Market trends Market challenges Five forces analysis Market landscape Market sizing & forecast Oilfield Services Market 2019-2023: Competitive Landscape • • • • • • • • • • Vendors covered Vendor classification Baker Hughes Halliburton National Oilwell Varco Schlumberger Weatherford Oilfield Services Market 2019-2023: Geographic Landscape • • • • • • •

2. Americas - Market size and forecast 2018-2023 EMEA - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 Oilfield Services Market 2019-2023: Application • • • Onshore - Market size and forecast 2018-2023 Offshore - Market size and forecast 2018-2023 Rise in unconventional oil and gas resources will drive the oilfield services market • • Over the years, there has been a significant rise in the extraction of unconventional energy resources such as crude oil and natural gas that are found in shale formations, tight oil formations, and oil sands. Countries such as the US, Canada, China, and India have shown considerable interest in these unconventional reserves to limit their dependency on imported oil and gas. Increase in the drilling and production of crude oil from unconventional sources is due to technological innovations that have bought down the cost for drilling from tight formations. All these factors are expected to boost the oilfield services market growth during the forecast period. Technological innovations to drive productivity in oilfield services market– An emerging trend in the oilfield services market Oilfield service providers are increasingly looking for new innovations and technical breakthroughs to drive productivity and profitability, as the oilfield services industry is facing pricing pressures from oilfield operators and E&P companies. They are driving productivity by automating oilfield processes and equipment, investing in high-performance tools and systems, and using the data-driven approach to optimize activities such as exploration, drilling, and production. Thus, the use of innovative technologies by oilfield service providers will drive the growth of the market. Other Key Topics Covered in the Report are: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis • • • MARKET SIZING Market definition Market sizing 2018 Market size and forecast 2018-2023 • • • Get Full Report: http://bit.ly/2qHY32D CUSTOMER LANDSCAPE

3. DECISION FRAMEWORK DRIVERS AND CHALLENGES Market drivers Market challenges Market Trends • • Technological innovations to drive productivity in oilfield services market Consolidation in the oilfield services industry Well operators opting for extended-reach drilling technologies Technavio also offers Custom Research services providing focused, comprehensive, and tailored research. • • • For More Information Click Here