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Oilfield Service Market by Application, Service and Region – Global Forecast to 2022

The report "Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to 2022", The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.

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Oilfield Service Market by Application, Service and Region – Global Forecast to 2022

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  1. Oilfield Service Market by Application, Service and Region – Global Forecast to 2022 www.MarketsandMarkets.com

  2. The onshore segment is expected to hold the largest share of the oilfield services market, by application, during the forecast period. The onshore sub-segment, within the application segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the offshore segment is expected to grow at the fastest rate during the forecast period. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas.  This would ultimately create new revenue pockets for the oilfield services market during the forecast period. Oilfield services plays a critical role in challenging environmental conditions such as HPHT and unconventional reservoirs. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=263907746

  3. The pressure pumping services oilfield services sub-segment, within the services segment, is expected to hold the largest share of the oilfield services market during the forecast period. The pressure pumping services oilfield sub-segment, within the services segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the well completion equipment and services segment is expected to grow at the fastest rate during the forecast period. Pressure pumping oilfield services are used for applications such as well cementing and stimulation.  Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services. Countries such as the U.S. and China are expected to drive the market demand, mostly because of the ongoing shale boom. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=263907746

  4. Browse >> 86market data tables 113figures 248pagesand in-depth TOC on “Oilfield Service Market - Global Forecast to 2022” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. North America: The leading market for oilfield services In this report, the oilfield services market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market in North America is expected to dominate the global oilfield services market, given increased oil & gas exploration activities, especially in the U.S. The production of oil & gas from oil sands, tight gas, and natural gas from coal, in Canada, combined with shale gas activities in the U.S., would drive the oilfield services market in North America. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=263907746

  6. Target Audience: • The target audience of this report includes: • Consulting companies of the energy and power sector • Government and research organizations • Investment banks • National Oil Companies (NOCs) • Oilfield tools & equipment manufacturers • Oilfield service companies • Oil & gas field operators • Power and energy associations • Exploration & Production companies • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=263907746

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the CHP market. These include • Baker Hughes Incorporated (U.S.) • Halliburton Company (U.S.) • Schlumberger Limited (U.S.) • Weatherford International, PLC (Switzerland) • Superior Energy Services, Inc. (U.S.) • GE Oil & Gas (U.K.) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=263907746

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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