Global Oil and Gas Engineering Services Market 2024-2028
Global Oil And Gas Engineering Services Market 2024-2028
The oil and gas engineering services market is forecasted to grow by USD 5316.7 mn during 2023-2028, accelerating at a CAGR of 8.51% during the forecast period. The report on the oil and gas engineering services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in oil and gas e and p activities, gradual recovery in upstream activities, and increase in government support for adoption of cng and other natural gases.
Technavio's oil and gas engineering services market is segmented as below:
- By Type
- Downstream
- Midstream
- Upstream
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the rising investments in shale industry as one of the prime reasons driving the oil and gas engineering services market growth during the next few years. Also, value chain integration in global engineering services market and increasing focus on energy security will lead to sizable demand in the market.
The report on the oil and gas engineering services market covers the following areas:
- Oil and gas engineering services market sizing
- Oil and gas engineering services market forecast
- Oil and gas engineering services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas engineering services market vendors that include Arseal Technologies, Creaform Inc., Element Materials Technology Group Ltd., Hatch Ltd., John Wood Group PLC, L and T Technology Services Ltd., LeMar Industries Inc., Lloyds Register Group Services Ltd, M and H, Mannvit, Quest Global Services Pte. Ltd., Raveon Technologies Corp., Rockwell Automation Inc., Sentiec Oyj, Stantec Inc., Stress Engineering Services Inc., Tetra Tech Inc., Toyo Engineering Corp., TRC Companies Inc., and WSP Global Inc.. Also, the oil and gas engineering services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.