Oilfield Services Market: By Type (Equipment rental, Field operation, Analytical services), By Service (Drilling & Completion Fluid Services, Drilling Waste Management Services, Oil Country Tubular Goods, Pressure Pumping Services, Well Completion Equipment & Services, Well Intervention Services, Wireline Services, Coiled Tubing Services), By Application (Onshore, Offshore) and By Geography

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Oilfield Services Market size was valued at USD 261.7 billion in 2022 and is expected to reach a value of USD 324.0 million by 2029, growing at a CAGR of 3.10% during the forecast period 2023 to 2029. The global market provides a detailed overview of the oilfield services market and that can be segmented by type, service, and application. By type, the oilfield services market has been segmented into equipment rental, field operation, and analytical services. The equipment rental segment is likely to be the largest and fastest-growing segment in terms of type. Based on service, the oilfield services market is segmented into drilling & completion fluid services, drilling waste management services, oil country tubular goods, pressure pumping services, well completion equipment & services, well intervention services, wireline services, and coiled tubing services. Among these, the drilling waste management services segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of application, the market is segregated into onshore and offshore. The onshore segment is likely to be the largest and fastest-growing segment in the market.  

Oilfield Services Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.1%

Largest Market

Asia Pacific

Fastest Growing Market

Asia-Pacific
Oilfield Services Market Dynamics

Techniques like directional drilling and hydraulic fracturing are being developed to improve the production process in reservoirs as the demand for shale gas develops. Oilfield services are in high demand during extraction, which may give business prospects. The worldwide oilfield services market is expected to be driven by rising global energy demand and technological advances in the oilfield throughout the projected period. An increase in deep-water exploration and production activities in the Gulf region is expected to drive demand for the drilling industry over the forecast period.

Oilfield Services Market Segmentation

By Type
  • Equipment rental
  • Field operation
  • Analytical services
By Service Type
  • Drilling & Completion Fluid Services
  • Drilling Waste Management Services
  • Oil Country Tubular Goods
  • Pressure Pumping Services
  • Well Completion Equipment & Services
  • Well Intervention Services
  • Wireline Services
  • Coiled Tubing Services
By Application
  • Onshore
  • Offshore

Frequently Asked Questions

The oilfield services market is projected to expand at a CAGR of 3.10% during the forecast period.

The major players in the global oilfield services market are AlMansoori Specialized Engineering (UAE), Baker Hughes (Texas), Emerson (United States), Halliburton (Texas), National Oilwell Varco (United States), Saudi Aramco (Saudi Arabia), Schlumberger (Texas), Weatherford (United States) and Weir Oil and Gas (Glasgow).

Asia Pacific is the fastest-growing region for oilfield services market

Key Features of the Reports

  • The oilfield services market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The oilfield services market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The oilfield services market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The oilfield services market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The oilfield services market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Oilfield Services Market Introduction
2.1. Global Oilfield Services Market Taxonomy
2.2. Global Oilfield Services Market Definitions
2.2.1. Type
2.2.2. Service
2.2.3. Application
3. Global Oilfield Services Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Oilfield Services Market Dynamic Factors - Impact Analysis
3.6. Global Oilfield Services Market Competition Landscape
3.7. Epidemiology
4. Global Oilfield Services Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Oilfield Services Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Equipment rental
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Field operation
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Analytical services
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Oilfield Services Market Forecast, By Service, 2018 - 2022 and Forecast, 2021 2027 (Revenue, USD Mn)
6.1. Drilling & Completion Fluid Services
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Drilling Waste Management Services
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Oil Country Tubular Goods
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Pressure Pumping Services
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Well Completion Equipment & Services
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Well Intervention Services
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Wireline Services
6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Coiled Tubing Services
6.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Oilfield Services Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Onshore
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Offshore
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Oilfield Services Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Oilfield Services Market - Opportunity Analysis Index, By Type, Service, Application and Region, 2023 - 2029
9. North America Oilfield Services MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Equipment rental
9.1.2. Field operation
9.1.3. Analytical services
9.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Drilling & Completion Fluid Services
9.2.2. Drilling Waste Management Services
9.2.3. Oil Country Tubular Goods
9.2.4. Pressure Pumping Services
9.2.5. Well Completion Equipment & Services
9.2.6. Well Intervention Services
9.2.7. Wireline Services
9.2.8. Coiled Tubing Services
9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Onshore
9.3.2. Offshore
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Oilfield Services Market - Opportunity Analysis Index, By   Type, Service, Application and Country, 2023 - 2029
9.6. North America Oilfield Services Market Dynamics Trends
10. Europe Oilfield Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Equipment rental
10.1.2. Field operation
10.1.3. Analytical services
10.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Drilling & Completion Fluid Services
10.2.2. Drilling Waste Management Services
10.2.3. Oil Country Tubular Goods
10.2.4. Pressure Pumping Services
10.2.5. Well Completion Equipment & Services
10.2.6. Well Intervention Services
10.2.7. Wireline Services
10.2.8. Coiled Tubing Services
10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Onshore
10.3.2. Offshore
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Oilfield Services Market - Opportunity Analysis Index, By   Type, Service, Application and Country, 2023 - 2029
10.6. Europe Oilfield Services Market Dynamics Trends
11. Asia-Pacific Oilfield Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Equipment rental
11.1.2. Field operation
11.1.3. Analytical services
11.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Drilling & Completion Fluid Services
11.2.2. Drilling Waste Management Services
11.2.3. Oil Country Tubular Goods
11.2.4. Pressure Pumping Services
11.2.5. Well Completion Equipment & Services
11.2.6. Well Intervention Services
11.2.7. Wireline Services
11.2.8. Coiled Tubing Services
11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Onshore
11.3.2. Offshore
11.4. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Oilfield Services Market - Opportunity Analysis Index, By   Type, Service, Application and Country, 2023 - 2029
11.6. Asia-Pacific Oilfield Services Market Dynamics Trends
12. Latin America Oilfield Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Equipment rental
12.1.2. Field operation
12.1.3. Analytical services
12.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Drilling & Completion Fluid Services
12.2.2. Drilling Waste Management Services
12.2.3. Oil Country Tubular Goods
12.2.4. Pressure Pumping Services
12.2.5. Well Completion Equipment & Services
12.2.6. Well Intervention Services
12.2.7. Wireline Services
12.2.8. Coiled Tubing Services
12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Onshore
12.3.2. Offshore
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Oilfield Services Market - Opportunity Analysis Index, By   Type, Service, Application and Country, 2023 - 2029
12.6. Latin America Oilfield Services Market Dynamics Trends
13. Middle East and Africa Oilfield Services Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.1.1. Equipment rental
13.1.2. Field operation
13.1.3. Analytical services
13.2. Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Drilling & Completion Fluid Services
13.2.2. Drilling Waste Management Services
13.2.3. Oil Country Tubular Goods
13.2.4. Pressure Pumping Services
13.2.5. Well Completion Equipment & Services
13.2.6. Well Intervention Services
13.2.7. Wireline Services
13.2.8. Coiled Tubing Services
13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Onshore
13.3.2. Offshore
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Oilfield Services Market - Opportunity Analysis Index, By   Type, Service, Application and Country, 2023 - 2029
13.6. MEA Oilfield Services Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. AlMansoori Specialized Engineering (UAE)
14.2.2. Baker Hughes (Texas)
14.2.3. Emerson (United States)
14.2.4. Halliburton (Texas)
14.2.5. National Oilwell Varco (United States)
14.2.6. Saudi Aramco (Saudi Arabia)
14.2.7. Schlumberger (Texas)
14.2.8. Weatherford (United States)
14.2.9. Weir Oil and Gas (Glasgow)
15. Research Methodology
16. Key Assumptions and Acronyms
  • AlMansoori Specialized Engineering (UAE)
  • Baker Hughes (Texas)
  • Emerson (United States)
  • Halliburton (Texas)
  • National Oilwell Varco (United States)
  • Saudi Aramco (Saudi Arabia)
  • Schlumberger (Texas)
  • Weatherford (United States)
  • Weir Oil and Gas (Glasgow)

Adjacent Markets