Global Oilfield Services Market - Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2018 - 2020

Oil and gas industry is experiencing a tremendous growth from several years and is expected to grow during the forecast period. The industry growth is also elevating the demand of various other industries which are directly related to oil and gas industry. The global oilfield services market provides services to oil and gas industry and is experiencing the similar growth. The oilfield services market is expected to grow in near future.
Oil and gas are produced from the reservoir in various phases such as exploration, drilling, production, completion, etc. Different oilfield services are required in these phases to obtain desirable results. Oil and gas reserves are identified using geological modeling, seismic surveys and exploration wells. The well drilled to extract oil and gas requires various services such as wireline, coil tubing, well intervention, simulation, etc for enhancing its production. The oilfield services companies provide equipment, services and infrastructure which are required by the oil and gas exploration and production companies to explore and extract oil and gas.
The global oilfield services market can be segmented on the basis of type into drilling & completion fluids, well intervention and wireline services, coiled tubing services, pressure pumping & services and others. Each service is very important for the proper functioning and economic production of a well over its life span. Different services are required by wells for various hindrances. Drilling fluids are used during drilling as coolant, lubricants, debris carrier, etc. Coil tubing is used for oil and gas well intervention and rarely as production tubing in depleted gas wells. Pressure pumping services is used to access proven reserves and improve asset value.
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On the basis of geography, the global oilfield services market can be segmented into North America, Europe, Asia Pacific and RoW (Rest of the world). North America is expected to be the market leader in this segment due to the shale gas boom in North America. A large number of wells are being drilled in North America for shale gas exploration which requires various oilfield services. RoW is expected to attain higher growth due to huge expenditure in Brazil and West Africa during the forecast period.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

• North America 
• Asia Pacific 
• Europe
• Rest of the World  

• Market growth drivers 
• Factors limiting market growth
• Current market trends 
• Market structure
• Market projections for upcoming years 

• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth 
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors