Market Research Reports

Oilfield Equipment Market (Drilling Equipments, Field Production Machinery, Pumps and Valves and Other) - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

73pages
Published Date: 2013-07-09
 

Description



The growing energy demand from both developing and developed economies is the major factor driving the global market for oilfield equipment. The shift towards unconventional energy resources such as shale gas is also expected to drive the market. This report estimates and forecasts the global oilfield equipment market demand in terms of revenues (USD million) from 2010 to 2018. The report also analyzes various factors which are driving and restraining the global demand along with highlighting the impact of these factors over the forecast period.

The study provides a comprehensive view of the oilfield equipment industry by segmenting and analyzing key oilfield equipments, namely drilling equipments, field production machinery, pumps and valves, and other machinery and equipments. Each of these segments has been analyzed and market data has been provided for the period 2010 to 2018, in terms of revenues (USD million) they generated. The demand for each of the oilfield equipment type mentioned above is examined on the basis of product type and geography (North America, Europe, Asia Pacific, Middle East, Africa and Latin America). The report also examines which of the above mentioned oilfield equipments’ type holds the potential for growth by using the market attractiveness analysis tool.

The report includes value chain analysis for better understanding of the supply chain of the market right from the raw material manufacturer to the end user. The report also analyzes the market using Porter’s five forces analysis.

The study covers an extensive competitive landscape starting from the share of the global oilfield equipments’ market to company profiles of the major participants operating in the global market. Key market participants profiled in this report include National Oilwell Varco, Schlumberger, Weatherford International, Halliburton, Baker Hughes, Cameron International, Aker Solutions, FMC Technologies and Eni. The market players are profiled with attributes such as company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of oilfield equipments.

The report segments the global oilfield equipment market as:
  • Oilfield Equipment Market, by Product Type
    • Drilling Equipments
    • Field Machinery Equipment
    • Pumps and Valves
    • Other (including Derricks, Well Surveying Machinery etc.)
  • Oilfield Equipment Market, by Geography
    • North America
      • United States
        • Drilling Equipments
        • Field Machinery Equipment
        • Pumps and Valves
        • Other (including Derricks, Well Surveying Machinery etc.)
    • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America

Table of Contents



Chapter 1 Preface
1.1 Report  Description
1.2 Research methodology

Chapter 2 Executive Summary

Chapter 3 Oilfield Equipment - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
       3.3.1 Growing production of oil and gas
       3.3.2 Shift towards new, small unconventional fields
       3.3.3 Implementation of advanced techniques such as EOR and IOR for enhanced recovery
3.4 Market restraints
       3.4.1 Regulatory policies
       3.4.2 Geopolitical issues
       3.4.3 Growing demand for renewable sources of energy
3.5 Opportunities
       3.5.1 Increasing demand for alternative energy resources
       3.5.2 Increasing desire of self-dependency by nations
3.6 Porter’s five forces analysis
       3.6.1 Bargaining power of suppliers
       3.6.2 Bargaining power of buyers
       3.6.3 Threat from new entrants
       3.6.4 Threat from substitutes
       3.6.5 Degree of competition
3.7 Oilfield equipment: Market attractiveness analysis
3.8 Company market share analysis, 2011

Chapter 4 Oilfield Equipment - Product Segment Analysis
4.1 Global oilfield equipment market: Product overview
       4.1.1 Global oilfield equipment market revenue share by product, 2011 and 2018
4.2 Global oilfield equipment market, by product
       4.2.1 Drilling equipments
                4.2.1.1 Global drilling equipments market estimates and forecast, 2010 – 2018 (USD million)
       4.2.2 Field production machinery
               4.2.2.1 Global field production machinery market estimates and forecast, 2010 – 2018 (USD million)
       4.2.3 Pumps and valves
                4.2.3.1 Global pumps and valves market estimates and forecast, 2010 – 2018 (USD million)
       4.2.4 Other
                4.2.4.1 Global other type of equipments’ market estimates and forecast, 2010 – 2018 (USD million)

Chapter 5 Oilfield Equipment - Regional Analysis
5.1 Global oilfield equipment market: Geographic overview
       5.1.1 Global oilfield equipment market revenue share by geography, 2011 and 2018
       5.1.2 North America
                5.1.2.1 North American oilfield equipment market estimates and forecast, 2010 – 2018 (USD Million)
                5.1.2.2 United States
                           5.1.2.2.1 U.S. oilfield equipment market estimates and forecast , 2010– 2018 (USD Million)
                5.1.2.3 U.S. oilfield equipment market, by product
                           5.1.2.3.1 U.S. oilfield equipment market revenue share, 2011 and 2018
                5.1.2.4 Drilling equipment
                           5.1.2.4.1 U.S. drilling equipment market estimates and forecast, 2010– 2018 (USD Million)
                5.1.2.5 Field production machinery
                           5.1.2.5.1 U.S. field production machinery market estimates and forecast, 2010– 2018 (USD Million)
                5.1.2.6 Pumps and valves
                           5.1.2.6.1 U.S. pumps and valves market estimates and forecast, 2010– 2018 (USD Million)
                5.1.2.7 Other
                           5.1.2.7.1 U.S. other equipments market estimates and forecast, 2010– 2018 (USD Million)
       5.1.3 Europe
                5.1.3.1 Europe oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
       5.1.4 Asia Pacific
                5.1.4.1 Asia Pacific oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
       5.1.5 Middle East and Africa
                5.1.5.1 Middle East and Africa oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
       5.1.6 Latin America
                5.1.6.1 Latin America oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)

Chapter 6 Company Profiles
6.1 National Oilwell Varco Incorporated
       6.1.1 Company overview
       6.1.2 Financial overview
       6.1.3 Business strategies
       6.1.4 SWOT analysis
       6.1.5 Recent developments
6.2 Schlumberger
       6.2.1 Company overview
       6.2.2 Financial overview
       6.2.3 Business strategies
       6.2.4 SWOT analysis
       6.2.5 Recent developments
6.3 Weatherford International
       6.3.1 Company overview
       6.3.2 Financial overview
       6.3.3 Business strategies
       6.3.4 SWOT analysis
       6.3.5 Recent developments
6.4 Halliburton
       6.4.1 Company overview
       6.4.2 Financial overview
       6.4.3 Business strategies
       6.4.4 SWOT analysis
       6.4.5 Recent developments
6.5 Baker Hughes
       6.5.1 Company overview
       6.5.2 Financial overview
       6.5.3 Business strategies
       6.5.4 SWOT analysis
       6.5.5 Recent developments
6.6 Cameron International
       6.6.1 Company overview
       6.6.2 Financial overview
       6.6.3 Business strategies
       6.6.4 SWOT analysis
       6.6.5 Recent developments
6.7 Aker Solutions
       6.7.1 Company overview
       6.7.2 Financial overview
       6.7.3 Business strategy
       6.7.4 SWOT analysis
       6.7.5 Recent developments
6.8 FMC Technologies
       6.8.1 Company overview
       6.8.2 Financial overview
       6.8.3 Business strategies
       6.8.4 SWOT analysis
       6.8.5 Recent developments
6.9 Eni
       6.9.1 Company overview
       6.9.2 Financial overview
       6.9.3 Business strategies
       6.9.4 SWOT analysis
       6.9.5 Recent developments

List of Figures

FIG. 1 Global oilfield equipment market estimates and forecast, 2010 – 2018, (USD Billion)
FIG. 2 Global oilfield equipment market revenue, by product 2011 (USD million)
FIG. 3 Oilfield equipment: value chain analysis
FIG. 4 Global oil and gas production 2007 - 2011 (Million Tons)
FIG. 5 Global oil and gas reserves 2007 - 2011 (oil units- thousand million barrels, gas units- trillion cubic meters )
FIG. 6 Porter’s five forces analysis for oilfield equipment market
FIG. 7 Oilfield equipment: Market attractiveness analysis
FIG. 8 Global oilfield equipment market: company market share, 2011
FIG. 9 Global oilfield equipment market revenue share by product, 2011 and 2018
FIG. 10 Global drilling equipments market estimates and forecast, 2010 – 2018 (USD million)
FIG. 11 Global field production machinery market estimates and forecast, 2010 – 2018 (USD million)
FIG. 12 Global pumps and valves market estimates and forecast, 2010 – 2018 (USD million)
FIG. 13 Global other type of equipments’ market estimates and forecast, 2010 – 2018 (USD million)
FIG. 14 Global oilfield equipment market revenue share by geography, 2011 and 2018
FIG. 15 North American oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
FIG. 16 U.S. oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
FIG. 17 U.S. oilfield equipment market revenue share by product, 2011 and 2018
FIG. 18 U.S. drilling equipment market estimates and forecast, 2010– 2018 (USD Million)
FIG. 19 U.S. field production machinery market estimates and forecast, 2010– 2018 (USD Million)
FIG. 20 U.S. pumps and valves market estimates and forecast , 2010– 2018 (USD Million)
FIG. 21 U.S. other equipments market estimates and forecast, 2010– 2018 (USD Million)
FIG. 22 Europe oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
FIG. 23 Asia Pacific oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
FIG. 24 Middle East and Africa oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)
FIG. 25 Latin America oilfield equipment market estimates and forecast, 2010– 2018 (USD Million)

List of Tables

TABLE 1 Global oilfield equipment market: Snapshot 
TABLE 2 Drivers of the oilfield equipment market: Impact analysis 
TABLE 3 Restraints for the oilfield equipment market: Impact analysis 

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Free Market Analysis


Oil field equipments include drilling equipment, field production machinery, pumps and valves. These equipments are mainly used in oil extraction fields across the globe, both offshore and onshore. Drilling equipments are used to drill mechanically through soil or rock to reach the crude oil reservoir. These equipments include complete drilling rigs, and rig components. Rig components are drill bits and oil country tubular goods (OCTG). OCTG includes tubing and pipes such as drill pipes, casing pipes and tubing pipes. 

The global demand for oilfield equipment was USD 84.25 billion in 2009 which increased to USD 87.60 billion in 2010. The demand for oilfield equipments is expected to be driven by the rising oil extraction and refining activities coupled with increasing regional consumption and its growing demand across the globe. Continuous efforts to discover new oilfields across various untapped regions across the globe are prompting the use of different oilfield equipments.  Shift towards unconventional oil fields such as shale gas has been driving the demand for oilfield equipments in both developed economies such as the U.S. and Europe and in emerging markets such as Asia Pacific and Latin America and this trend is expected to drive the demand over the forecast period. Shift in focus towards increasing hydrocarbon production using techniques such as EOR (enhanced oil recovery) and IOR (improved oil recovery) has also been acting as one of the major factors driving the growth demand. 

Drilling equipment emerged as the leading type oilfield equipment and accounted for over 72% of global oilfield equipment market and over 76% of the U.S. oilfield equipment market in 2011. Drilling equipments are used in piercing and boring through the earth in order to access crude oil (or natural gas) deposits below the surface. Along with being the biggest type, drilling equipments are also the fastest growing type of oilfield equipment growing at CAGR of 4.1% and 4.2% from 2012 to 2018 for global and U.S. market respectively. Drilling equipment was followed by field production machinery, which accounted for 18.4% of the overall market in 2011.

North America emerged as the leading market for oilfield equipment and accounted for over 30% of the global market in 2011. The growing drilling activities for natural oil and gas coupled with rapid development of unconventional resources such as shale gas, tight gas and coal bed methane (CBM) in U.S. and Canada is expected to drive the market for oilfield equipment in the region over the forecast period. U.S. is largest consumer of crude oil and in order to meet its growing demand, major producers has been exploring and developing new and untapped reservoirs across the regions which in turns promotes the use of oilfield equipment. Asia Pacific is fastest growing market for oilfield equipment growing at CAGR of 4.3% from 2012 to 2018. The growing energy consumption mainly in emerging economies of China and India is one of the major factors which are expected to drive the market in the region over the forecast period. Both China and India are ranked in the list of top five oil consumers in the world according to CIA World Factbook.

The global market for oilfield equipment is highly fragmented with top four companies accounting for just of 30% of the total market. Some of the major players operating in the global market include Aker Solutions, Baker Hughes, Cameroon International, Halliburton, National Oilwell Varco (NOV), Schlumberger and Weatherford International among some other companies. 

global-oilfield-equipment-market-revenue-share-by-product-type-2011-and-2018
 

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