November 21, 2019 - 7:00 AM EST
Print Email Article Font Down Font Up
Growth of Oilfield Services Market to be Impacted by Technological Innovations| Technavio

LONDON

The market will accelerate at a CAGR of 3% between 2019-2023

The report, global oilfield services market has 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191121005407/en/

Technavio has announced its latest market research report titled global oilfield services market 2019-2023 (Graphic: Business Wire)

Technavio has announced its latest market research report titled global oilfield services market 2019-2023 (Graphic: Business Wire)

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

  • 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

Register for a free trial today and gain instant access to 17000+ market research reports.

Technavio's SUBSCRIPTION platform

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: https://www.technavio.com/report/global-oilfield-services-market-industry-analysis

CUSTOMER LANDSCAPE

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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com

 


Source: Business Wire (November 21, 2019 - 7:00 AM EST)

News by QuoteMedia
www.quotemedia.com

Legal Notice