Global Oil And Gas Upstream Equipment Market 2024-2028
The oil and gas upstream equipment market is forecasted to grow by USD 11226.76 mn during 2023-2028, accelerating at a CAGR of 3.26% during the forecast period. The report on the oil and gas upstream equipment 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 an increasing preference for pipeline transportation, rising global energy demand, and advancements in drilling technology.
Technavio's oil and gas upstream equipment market is segmented as below:
By Application
- Exploration and drilling
- Completion and procedure
- Others
By Deployment
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rising adoption of digitalization and automation as one of the prime reasons driving the oil and gas upstream equipment market growth during the next few years. Also, increasing remote monitoring and control and the emergence of drones and robotics will lead to sizable demand in the market.
The report on the oil and gas upstream equipment market covers the following areas:
- Oil and gas upstream equipment market sizing
- Oil and gas upstream equipment market forecast
- Oil and gas upstream equipment 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 upstream equipment market vendors that include Aker Solutions ASA, Archer Ltd., ATB Holding Spa, Atlas Copco AB, AXON Pressure Products Inc., Dril Quip Inc., Evolution Oil Tools Inc., Flowserve Corp., Forum Energy Technologies Inc., General Electric Co., Halliburton Co., NOV Inc., Schlumberger Ltd., Seadrill Ltd., Siemens AG, SPX FLOW Inc., Sumitomo Corp., Weatherford International Plc, Geometrics Inc., and Helmerich and Payne Inc.. Also, the oil and gas upstream equipment 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