The Oilfield Market Report is our most comprehensive report, detailing 32 equipment and service markets associated with the exploration, drilling, and production segments of the worldwide petroleum industry. The global oilfield equipment and services market peaked at $462 billion in 2014 before falling to $223 billion in 2016 in conjunction with the downturn in drilling activity.
In response to the recovery in oil prices, the overall oilfield equipment and service market rose 5% in 2017 with most of the 32 market segments returning to growth last year. Individual segment growth rates in 2017 ranged from -30% to +127%, with the fastest-growing segments being primarily onshore North America-centric while offshore-related markets continued to languish in 2017.
The Oilfield Market Report is a quarterly report that tracks and forecasts the global oilfield equipment and services market, focusing on commercial, technical and activity trends impacting this sector. The current edition of the report includes details of product line revenues for about 400 oilfield equipment and service companies working around the world. Information in the report includes: market size and growth by segment; revenues and market share by company; and profiles of the leading oilfield equipment and service companies. The report is a useful planning and benchmarking tool for operators, oilfield service firms, OEMs and investors.