Oilfield Equipments Market Analysis By Product (Drilling Equipments, Pumps & Valves, Field Production Machinery) And Segment Forecasts To 2020

Published: Jun, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

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.

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 the purpose of this study, Grand View Research has segmented the Oilfield Equipment market on the basis of product and region:

Global Oilfield Equipment Product Outlook (Revenue, USD Million, 2012 - 2020)
Drilling Equipment
Field Production Machinery
Pumps & Valves
Others
Oilfield Equipment Regional Outlook (USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

 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 activities

                        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

Chapter 3 Oilfield equipments Product Outlook

                3.1 Drilling Equipments

                    3.1.1. Global Drilling Equipments Demand, 2012-2020, (USD million)

                3.2 Pumps & Valves

                    3.2.1 Global Pumps & Valves Demand, 2012-2020, (USD million)

                3.3 Field Production Machinery

                    3.3.1 Global Field Production Machinery Demand, 2012-2020, (USD million)

                3.4 Others

                    3.4.1 Global Others Demand, 2012-2020, (USD million)

Chapter 4 Oilfield equipments Regional Outlook

                4.1 North America

                    4.1.1 North America Oilfield equipments market by product, 2012-2020, (USD million)

                4.2 Europe

                    4.2.1 Europe Oilfield equipments market by product, 2012-2020, (USD million)

                4.3 Asia Pacific

                    4.3.1 Asia Pacific Oilfield equipments market volume & revenue by product, 2012-2020, (USD million)

                4.4 RoW

                    4.4.1 RoW Oilfield equipments market volume & revenue by product, 2012-2020, (USD million)

Chapter 5  Oilfield equipment Competitive Landscape

                5.1 Aker Solutions

                    5.1.1 Company Overview

                    5.1.2 Financial Performance

                    5.1.3 Product Benchmarking

                    5.1.4 Strategic Initiatives

                5.2 FMC Technologies

                    5.2.1 Company Overview

                    5.2.2 Financial Performance

                    5.2.3 Product Benchmarking

                    5.2.4 Strategic Initiatives

                5.3 Cameron International

                    5.3.1 Company Overview

                    5.3.2 Financial Performance

                    5.3.3 Product Benchmarking

                    5.3.4 Strategic Initiatives

                5.4 Baker Hughes

                    5.4.1 Company Overview

                    5.4.2 Financial Performance

                    5.4.3 Product Benchmarking

                    5.4.4 Strategic Initiatives

                5.5 ENI

                    5.5.1 Company Overview

                    5.5.2 Financial Performance

                    5.5.3 Product Benchmarking

                    5.5.4 Strategic Initiatives

                5.6 Halliburton Company

                    5.6.1 Company Overview

                    5.6.2 Financial Performance

                    5.6.3 Product Benchmarking

                    5.6.4 Strategic Initiatives

                5.7 Weatherford International

                    5.7.1 Company Overview

                    5.7.2 Financial Performance

                    5.7.3 Product Benchmarking

                    5.7.4 Strategic Initiatives

                5.8 Schlumberger

                    5.8.1 Company Overview

                    5.8.2 Financial Performance

                    5.8.3 Product Benchmarking

                    5.8.4 Strategic Initiatives

                5.9 National Oilwell Varco Incorporated

                    5.9.1 Company Overview

                    5.9.2 Financial Performance

                    5.9.3 Product Benchmarking

                    5.9.4 Strategic Initiatives

                5.10 Zenith Oilfield Technology

                    5.10.1 Company Overview

                    5.10.2 Financial Performance

                    5.10.3 Product Benchmarking

                    5.10.4 Strategic Initiatives

                5.11 Transocean

                    5.11.1 Company Overview

                    5.11.2 Financial Performance

                    5.11.3 Product Benchmarking

                    5.11.4 Strategic Initiatives

                5.12 Abbot Group

                    5.12.1 Company Overview

                    5.12.2 Financial Performance

                    5.12.3 Product Benchmarking

                    5.12.4 Strategic Initiatives

Chapter 6 Methodology & Scope

                6.1 Research Methodology

                6.2 Research Scope & Assumptions

                6.3 List of Data Sources


List of Tables


Oilfield equipments - Industry Summary & Critical Success Factors (CSFs)
Global oilfield equipments market revenue, 2012 - 2020, (USD Million)
Global oilfield equipments market by region, (revenue), 2012-2020 (USD Million)
Global oilfield equipments market by product, (revenue), 2012-2020 (USD Million)
Oilfield equipments - Key driver analysis
Oilfield equipments - Key restraint analysis
Global oilfield equipments demand from drilling equipments, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from drilling equipments, by region, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from pumps & valves, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from pumps & valves, by region, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from field production machinery, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from field production machinery, by region, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from others, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from others, by region, (revenue), 2012-2020 (USD Million)
North America oilfield equipments market revenue, by product, 2012-2020 (USD Million)
Europe oilfield equipments market revenue, by product, 2012-2020 (USD Million)
Asia Pacific oilfield equipments market revenue, by product, 2012-2020 (USD Million)
RoW oilfield equipments market revenue, by product, 2012-2020 (USD Million)

List of Figures

Oilfield equipments market segmentation
Global oilfield equipments market (Revenue), 2012 - 2020, (USD Million)
Oilfield equipments - Value chain analysis
Oilfield equipments - Market dynamics
Key opportunities prioritized
Industry analysis - Porter's
Oilfield equipments - Company market share analysis, 2013
Oilfield equipments PESTEL analysis, 2013
Oilfield equipments market share, by product, 2013 & 2020
Global oilfield equipments demand from drilling equipments, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from pumps & valves, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from filed production machinery, (revenue), 2012-2020 (USD Million)
Global oilfield equipments demand from others, (revenue), 2012-2020 (USD Million)
Oilfield equipments market share, by region, 2013 & 2020
North America oilfield equipments market estimates and forecast, (revenue), 2012-2020, (USD million)
Europe oilfield equipments market estimates and forecast, (revenue), 2012-2020 (USD Million)
Asia Pacific oilfield equipments market estimates and forecast, (revenue), 2012-2020 (USD Million)
RoW oilfield equipments market estimates and forecast, (revenue), 2012-2020 (USD Million)