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Oilfield Services Market to Reach $291.8 Billion by 2019

The oilfield services market will be worth $291.8 billion by 2019, signifying a firm annualized growth rate of 11.9% from 2014 to 2019.

 

Dallas, TX -- (SBWIRE) -- 09/17/2014 -- The report “Oilfield Services Market by Type( Coiled Tubing Services, Completion Equipment & Services, Drilling & Completion Fluids, Drilling Waste Management, OCTG, Pressure Pumping Services, Well Intervention Services and Wireline services), by Geography (Asia-Pacific, Europe, Middle East, Africa, North America and South America) - Global Trends and forecasts to 2019” defines and segments the oilfield servicesmarket with the analysis and forecast of the global revenue.

Browse 86 market data Tables and 32 Figures spread through 244 Pages and in-depth TOC on "Oilfield Services Market - Global Trends and forecasts to 2019"

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The oilfield servicesmarket is likely to grow moderately in the upcoming years. The long-term drivers of the oilfield services market are well known. The relentless depletion of onshore and shallow-water fields havecompelled oil companies to focus on deep-water and unconventional onshore areas where various oilfield services are in demand.

The major drivers for the oilfield services market are the increase in the exploration and production rate,recoverable reserves, and the energy strategy shift through gas and energy security by domestic supply. North America holds amajor market share in the global oilfield services market.The research and development initiatives by oilfield service companies and the rise in oil prices have assisted the oilfield services market to grow to this level.

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This oilfield services market report identifies the major players in the market through secondary and primary research based on the evaluation of their market shares. This includes a study of the annual reports of the top market players and interviews with key opinion leaders such as CEOs, directors, and marketing executives.

The size of the overall market is determined by forecasting techniques based on oilfield services demand in different regions, which is validated through primary sources. The market size for various types of oilfield services is determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019, with a CAGR from 2014 to 2019.

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