How big is the Oilfield Equipment Market?

The Oilfield Equipment Market size is expected to reach USD 134.20 billion in 2024 and grow at a CAGR of 3.08% to reach USD 156.18 billion by 2029. Read More

What is the current Oilfield Equipment Market size?

In 2024, the Oilfield Equipment Market size is expected to reach USD 134.20 billion. Read More

Which is the fastest growing region in Oilfield Equipment Market?

South America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Oilfield Equipment Market?

In 2024, the North America accounts for the largest market share in Oilfield Equipment Market. Read More

What years does this Oilfield Equipment Market cover, and what was the market size in 2023?

In 2023, the Oilfield Equipment Market size was estimated at USD 130.19 billion. The report covers the Oilfield Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oilfield Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Oilfield Equipment Market - Size, Share & Industry Growth

Oilfield Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Oil and Gas Equipment Manufacturers. The market is segmented by Deployment (Onshore and Offshore), Equipment Type (Drilling Equipment, Production Equipment, and Other Equipment Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts in revenue (USD) for all the above segments.

Oilfield Equipment Industry Overview

The oilfield equipment market is consolidated, with some of the top companies holding the major share of the market. Some companies include (in no particular order) Schlumberger Limited, Baker Hughes Company, Halliburton Company, Weatherford International PLC, and National Oilwell Varco Inc., among others.