Oilfield Equipments Market Analysis by Product and Segment Forecasts To 2020: Radiant Insights
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The global market for oilfield equipment is expected to reach USD 127.60 billion by 2020. Increasing drilling activities, on account of growing energy demand, is expected to remain a key driving factor for the market. However, cost intensive nature of the market due to risk and low reliability of operations is a major challenge to the growth of this market.
Drilling equipment was the leading product segment and accounted for 73.7% of total market revenue in 2013. In addition to being the largest product segment, drilling equipment is also expected to be the fastest growing product segment at an estimated CAGR of 4.2% from 2014 to 2020. It was followed by field production machinery and pumps & valves which is expected to exceed a market worth USD 20 billion by 2020, at an estimated CAGR of 3% from 2014 to 2020.
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Further key findings from the study suggest:
North America dominated the regional oilfield equipment market and accounted for 39.5% of total market revenue in 2013 and is expected to grow at an estimated-below-market-average CAGR of 3.8%. However, Asia Pacific is expected to be the fastest growing regional market for oilfield equipment at an estimated CAGR of 4.5% from 2014 to 2020. Asia Pacific is expected to rapid growth on account of increasing exploration activities mainly in China and India to meet the growing energy demand.
With its extensive oil and natural gas reserves, Middle East and Africa are expected to contribute significantly to the global oilfield equipment market and are expected to grow at an estimated CAGR of 4.2% from 2014 to 2020.
Field production machinery market revenue is expected to reach USD 20 billion by 2020, growing at a CAGR of 3% from 2014 to 2020.
The global market for oilfield market is highly fragmented with top four companies operating in the market accounting for just over 30% of total market in 2013. The existence of several specializing niche vendor segments, scattered globally, has given rise to such market share distribution.
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Table of Contents
Chapter 1 Executive Summary
1.1 Oilfield equipments - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Oilfield equipments Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Oilfield equipments Value Chain Analysis
2.4 Oilfield equipments Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Increase in extraction aoictivities
2.4.1.2 Shale gas extraction
2.4.1.3 Technological developments for efficiency and safety
2.4.2 Market restraint analysis
2.4.2.1 Capital intensive market
2.4.2.2 Government Regulations
2.4.2.3 Alternative of renewable energy resources
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Oilfield equipments - Company Market Share Analysis
2.8 Oilfield equipments - PESTEL Analysis
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Drilling equipment was the leading product segment and accounted for 73.7% of total market revenue in 2013. In addition to being the largest product segment, drilling equipment is also expected to be the fastest growing product segment at an estimated CAGR of 4.2% from 2014 to 2020. It was followed by field production machinery and pumps & valves which is expected to exceed a market worth USD 20 billion by 2020, at an estimated CAGR of 3% from 2014 to 2020.
Read Complete Report @ http://www.radiantinsights.com/research/oilfield-equipments-market-analysis-by-product-drilling-equipments-pumps-amp-valves-field-production-machinery-and-segment-forecasts-to-2020
Further key findings from the study suggest:
North America dominated the regional oilfield equipment market and accounted for 39.5% of total market revenue in 2013 and is expected to grow at an estimated-below-market-average CAGR of 3.8%. However, Asia Pacific is expected to be the fastest growing regional market for oilfield equipment at an estimated CAGR of 4.5% from 2014 to 2020. Asia Pacific is expected to rapid growth on account of increasing exploration activities mainly in China and India to meet the growing energy demand.
With its extensive oil and natural gas reserves, Middle East and Africa are expected to contribute significantly to the global oilfield equipment market and are expected to grow at an estimated CAGR of 4.2% from 2014 to 2020.
Field production machinery market revenue is expected to reach USD 20 billion by 2020, growing at a CAGR of 3% from 2014 to 2020.
The global market for oilfield market is highly fragmented with top four companies operating in the market accounting for just over 30% of total market in 2013. The existence of several specializing niche vendor segments, scattered globally, has given rise to such market share distribution.
For more report of this category, click here: http://www.radiantinsights.com/catalog/chemicals
Table of Contents
Chapter 1 Executive Summary
1.1 Oilfield equipments - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Oilfield equipments Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Oilfield equipments Value Chain Analysis
2.4 Oilfield equipments Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Increase in extraction aoictivities
2.4.1.2 Shale gas extraction
2.4.1.3 Technological developments for efficiency and safety
2.4.2 Market restraint analysis
2.4.2.1 Capital intensive market
2.4.2.2 Government Regulations
2.4.2.3 Alternative of renewable energy resources
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Oilfield equipments - Company Market Share Analysis
2.8 Oilfield equipments - PESTEL Analysis
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.