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 October 12, 2015 - 6:00 AM EDT
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Oilfield Equipment Market Growth to 2019 Driven by M&As in the Industry

PUNE, India, October 12, 2015 /PRNewswire/ --

According to the Global Oilfield Equipment Market 2015 - 2019 report, the production from conventional oil and gas reserves is declining, in response to which explorers are shifting their focus to tougher and complex hydrocarbon reserves such as oil sands, heavy crudes, shale oil, and bitumen, among others. As these resources cannot be easily recovered through conventional drilling methods, IOR is implemented relatively early in these reservoirs. The analysts forecast global oilfield equipment market to grow at a CAGR of 2.7% in terms of revenue over the period 204-2019.

Complete report on oilfield equipment market spread across 65 pages, analyzing 6 major companies and supported with 28 data exhibits is now available at

The following companies are the key players in the Global Oilfield Equipment Market: Aker Solution, FMC Technologies, Halliburton, National Oilwell Varco, Schlumberger and Weatherford International. Other Prominent Vendors in the market are: Amik, Cameron International, Eniprom and Russel Oil Equipment.

Commenting on the oilfield equipment market report by product (drilling equipment, field production machinery, pumps and valves and others) and geography (EMEA, Americas and APAC), an analyst said: "The global oilfield equipment market is seeing a number of M&A. Market conditions are extremely favorable for larger oil firms to acquire smaller companies. Large players such as Haliburton, Schlumberger, Cameron International, and National Oilwell Varco have acquired smaller companies to expand their market footprint. The increasing number of M&A should have a positive impact on market growth."

Further, the report states that the high capital costs of oilfield equipment may negatively affect the market, especially in low-oil-price scenarios. To calculate the market size, the report considers revenue generated through the sale of oilfield equipment. Order a copy of Global Oilfield Equipment Market 2015 - 2019 report at

The report, Global Oilfield Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the Americas, APAC, and EMEA; it also covers the landscape of the global oilfield equipment market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Complete list of data exhibits, comprehensive table of contents and more on this advanced energy market report is available at .

Other Related Reports on Oilfield Market available with include:

Global Smart Oilfield IT Services Market 2015-2019 ( The analysts forecast global smart oilfield IT services market to grow at a CAGR of 5.93% over the period 2014-2019. According to the report, fluctuating oil prices and increased regulations have increased the operational costs for smart oilfields. IT service providers are offering a comprehensive range of services from integration to analytics, resulting in better control of activities in oilfields.

The following companies are the key players in the global smart oilfield IT services market: Accenture, IBM, Tata Consultancy Services and Wipro. Other Prominent Vendors in the market are: Capgemini, CGI, Cisco, Deolitte, EDS, EMC, Energistics, Huabei, Infosys, KPMG, L&T Infotech, Microsoft, PwC, SAS, Schlumberger, TCS, TechMahindra and Wipro.

Global Digital Oilfield Market 2015-2019 ( The analysts forecast the global digital oilfield market to grow at a CAGR of 5.14% over the period 2014-2019. Digital oilfield technologies affect and enhance various functionalities of oilfields operations, such as: Production optimization, Collaboration, Data integration, Decision support, Workflow automation and Operational efficiency.

The following companies are the key players in the global digital oilfield market: Halliburton Company, Honeywell International Inc., National Oilwell Varco Inc., Schlumberger Ltd. and Weatherford International. Other Prominent Vendors in the market are: Accenture, Kongsberg Gruppen, Microseismic, Paradigm, Pason Systems, Petrolink, Redline Communications Group, Rockwell Automation and Siemens.

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Ritesh Tiwari
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Source: PR Newswire (October 12, 2015 - 6:00 AM EDT)

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