Oil Field Equipment Market Size, Competitive Landscape, Revenue Analysis, 2030
Oilfield Equipment Market Overview: Oil Field Equipment Market is expected to expand at 3.5% CAGR with valuation of 1,13,214 Million USD during the forecast period 2022-2030. The market is estimated to experience exponential growth during the forecast period. The market has various lucrative opportunities to expand. The recovery of oil price, increasing field development activities, and increasing oil exploration is likely to drive the global oilfield equipment market. Moreover, the increasing prices have augmented the upstream activities in the oil industry, which has brought a direct impact on the growth of the oilfield market. in addition, the rising demand for oil and gas is also estimated to propel the demand in the oilfield and equipment market. Recently, oil and gas have been experiencing a downturn due to the falling prices; this change is estimated to increase the number of wells and thereby, leading to the expansion of the market. The oilfield services market has ...