Oilfield Services Market Segmented by Types, Applications
and End-users 2018-2022
The report "Oilfield Services Market by Application (Onshore and Offshore), Service (Well
Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services,
Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to
2022", The oilfield services market is expected to grow from an estimated USD 106.43 Billion in
2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022. The global
market is set to witness a significant growth due to the increasing shale gas exploration,
increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.
Browse 83 market data tables and 111 figures spread through 260 pages and in-depth TOC
on "Oilfield Services Market by Application (Onshore and Offshore), Service (Well
Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services,
Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to
2022"
https://www.marketsandmarkets.com/Market-Reports/oilfield-services-market-263907746.html
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The onshore segment is expected to hold the largest share of the oilfield services market,
by application, during the forecast period.
The onshore sub-segment, within the application segment, led the oilfield services market in
2016, and is projected to dominate the market during the forecast period. However, the offshore
segment is expected to grow at the fastest rate during the forecast period. The growth of this
segment is primarily driven by new exploration and production activities being carried out in
offshore areas. This would ultimately create new revenue pockets for the oilfield services market
during the forecast period. Oilfield services plays a critical role in challenging environmental
conditions such as HPHT and unconventional reservoirs.
The pressure pumping services oilfield services sub-segment, within the services segment,
is expected to hold the largest share of the oilfield services market during the forecast
period.