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Oil and Gas Engineering Services Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 125
  • SKU: IRTNTR74091
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The oil and gas engineering services market share is expected to increase by USD 4.38 billion from 2021 to 2026, at a CAGR of 7.2%.

This oil and gas engineering services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oil and gas engineering services market segmentation by type (downstream, midstream, and upstream) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The oil & gas engineering services market report also offers information on several market vendors, including Arseal, 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, Rockwell Automation Inc., Sentiec Oyj, Stantec Inc., Stress Engineering Services Inc., Tetra Tech Inc., Toyo Engineering Corp., TRC Companies Inc., and WSP Global Inc. among others.

What will the Oil and Gas Engineering Services Market Size be During the Forecast Period?

Oil and Gas Engineering Services Market Size

Download Report Sample to Unlock the Oil and Gas Engineering Services Market Size for the Forecast Period and Other Important Statistics

 

Oil and Gas Engineering Services Market: Key Drivers, Trends, and Challenges

The increase in oil and gas E&P activities is notably driving the oil and gas engineering services market growth, although factors such as competition from alternative energy sources may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oil and gas engineering services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oil and Gas Engineering Services Market Driver

The increase in oil and gas E&P activities is one of the key drivers supporting the oil and gas engineering services market growth. E&P is an upstream oil and gas activity that has undergone several improvements with recent technological advancements. In addition, unconventional oil and gas E&P activities have become an alternative to conventional production, and the major unconventional oil and gas reserves have been identified in the US, Canada, China, and Argentina. Significantly, several countries are planning to start production from offshore oil and gas fields. For instance, Norway has planned to expand its offshore oil E&P activities, with its Johan Sverdrup and Johan Castberg oil and gas fields expected to start production by the end of 2022. Therefore, an increase in E&P activities by large oil and gas companies in both conventional and unconventional oil and gas production will have a positive impact on the growth of the market during the forecast period.

Key Oil and Gas Engineering Services Market Trend

Rising investments in the shale industry is one of the key oil and gas engineering services market trends contributing to the market growth. Primarily, the shale industry is experiencing high investments, especially in the US, with financiers investing significantly to help producers increase their output. For instance, Chevron is likely to increase its investment in the US shale industry by around $4.3 billion, and a majority of the investment share will be in the Permian basin of Texas and New Mexico. Therefore, such rising investments in the shale industry are likely to boost the demand for oil and gas upstream equipment, which is anticipated to foster the growth of the market in the coming years.

Key Oil and Gas Engineering Services Market Challenge

Competition from alternative energy sources is one of the factors hampering the oil and gas engineering services market growth. Renewable energy sources are clean and inexhaustive, less carbon-intensive, and more sustainable. There is increasing adoption of renewable energy driven by the initiatives undertaken in countries across the world to mitigate greenhouse gas emissions. In view of this, many countries are shifting from conventional fuels to renewables to reduce the emissions of hazardous gases such as CO2, CO, and NO2 that affect the environment adversely. Such shifts are expected to hamper the market growth during the forecast period.

This oil & gas engineering services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global oil and gas engineering services market as a part of the global oil and gas refining and marketing market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oil and gas engineering services market during the forecast period.

Who are the Major Oil and Gas Engineering Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arseal
  • 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
  • Rockwell Automation Inc.
  • Sentiec Oyj
  • Stantec Inc.
  • Stress Engineering Services Inc.
  • Tetra Tech Inc.
  • Toyo Engineering Corp.
  • TRC Companies Inc.
  • WSP Global Inc.

 

This statistical study of the oil and gas engineering services market encompasses successful business strategies deployed by the key vendors. The oil & gas engineering services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • arseal.com - The company offers oil and gas engineering services such as horizontal drill design, project management, and design.
  • element.com - The company offers a wide range of oil and gas testing services for upstream, midstream, and downstream markets.
  • woodplc.com - The company offers oil and gas engineering services such as to design, engineer, build, operate and maintain the complex asset.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The oil and gas engineering services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Oil and Gas Engineering Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oil and gas engineering services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Oil and Gas Engineering Services Market?

Oil and Gas Engineering Services Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the oil and gas engineering services market in North America. Market growth in this region will be slower than the growth of the market in APAC.

An increase in the number of oil and gas projects will facilitate the oil and gas engineering services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively impacted the oil and gas industry in North America, especially in the US, in 2020. However, lockdown restrictions were lifted in many countries of the region in 2021 because of large-scale vaccination drives. This led to the resumption of oil and gas E and P activities in North America, which, in turn, is expected to fuel the growth of the regional market during the forecast period.

What are the Revenue-generating Type Segments in the Oil and Gas Engineering Services Market?

Oil and Gas Engineering Services Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The oil & gas engineering services market share growth by the downstream segment will be significant during the forecast period. In 2021, the downstream segment was the largest and fastest-growing segment of the global oil and gas engineering services market. Moreover, the rising requirement for safe and durable operations while decreasing the overall cost of operations is likely to increase the adoption of downstream oil and gas services by vendors of oil and gas engineering services during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the oil and gas engineering services market size and actionable market insights on post COVID-19 impact on each segment.

 

Oil and Gas Engineering Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 7.2%

Market growth 2022-2026

$ 4.38 billion

Market structure

Fragmented

YoY growth (%)

8.31

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, China, India, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arseal, 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, Rockwell Automation Inc., Sentiec Oyj, Stantec Inc., Stress Engineering Services Inc., Tetra Tech Inc., Toyo Engineering Corp., TRC Companies Inc., and WSP Global Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Oil and Gas Engineering Services Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive oil and gas engineering services market growth during the next five years
  • Precise estimation of the oil and gas engineering services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oil and gas engineering services industry across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of oil and gas engineering services market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Downstream - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Downstream - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Downstream - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Downstream - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Downstream - Year-over-year growth 2021-2026 (%)
    • 5.4 Midstream - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Midstream - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Midstream - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Midstream - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Midstream - Year-over-year growth 2021-2026 (%)
    • 5.5 Upstream - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Upstream - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Upstream - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Upstream - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Upstream - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Canada - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Russia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Arseal
              • Exhibit 93: Arseal - Overview
              • Exhibit 94: Arseal - Product / Service
              • Exhibit 95: Arseal - Key offerings
            • 10.4 Element Materials Technology Group Ltd.
              • Exhibit 96: Element Materials Technology Group Ltd. - Overview
              • Exhibit 97: Element Materials Technology Group Ltd. - Product / Service
              • Exhibit 98: Element Materials Technology Group Ltd. - Key offerings
            • 10.5 John Wood Group PLC
              • Exhibit 99: John Wood Group PLC - Overview
              • Exhibit 100: John Wood Group PLC - Business segments
              • Exhibit 101: John Wood Group PLC - Key offerings
              • Exhibit 102: John Wood Group PLC - Segment focus
            • 10.6 L and T Technology Services Ltd.
              • Exhibit 103: L and T Technology Services Ltd. - Overview
              • Exhibit 104: L and T Technology Services Ltd. - Business segments
              • Exhibit 105: L and T Technology Services Ltd. - Key offerings
              • Exhibit 106: L and T Technology Services Ltd. - Segment focus
            • 10.7 Mannvit
              • Exhibit 107: Mannvit - Overview
              • Exhibit 108: Mannvit - Product / Service
              • Exhibit 109: Mannvit - Key offerings
            • 10.8 Sentiec Oyj
              • Exhibit 110: Sentiec Oyj - Overview
              • Exhibit 111: Sentiec Oyj - Business segments
              • Exhibit 112: Sentiec Oyj - Key offerings
              • Exhibit 113: Sentiec Oyj - Segment focus
            • 10.9 Stress Engineering Services Inc.
              • Exhibit 114: Stress Engineering Services Inc. - Overview
              • Exhibit 115: Stress Engineering Services Inc. - Product / Service
              • Exhibit 116: Stress Engineering Services Inc. - Key offerings
            • 10.10 Tetra Tech Inc.
              • Exhibit 117: Tetra Tech Inc. - Overview
              • Exhibit 118: Tetra Tech Inc. - Business segments
              • Exhibit 119: Tetra Tech Inc. - Key offerings
              • Exhibit 120: Tetra Tech Inc. - Segment focus
            • 10.11 Toyo Engineering Corp.
              • Exhibit 121: Toyo Engineering Corp. - Overview
              • Exhibit 122: Toyo Engineering Corp. - Business segments
              • Exhibit 123: Toyo Engineering Corp. - Key offerings
              • Exhibit 124: Toyo Engineering Corp. - Segment focus
            • 10.12 WSP Global Inc.
              • Exhibit 125: WSP Global Inc. - Overview
              • Exhibit 126: WSP Global Inc. - Business segments
              • Exhibit 127: WSP Global Inc. - Key news
              • Exhibit 128: WSP Global Inc. - Key offerings
              • Exhibit 129: WSP Global Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Oil and Gas Engineering Services market growth will increase by $4380.98 million during 2022-2026.
              The oil and gas engineering services market is expected to grow at a CAGR of 7.2% during 2022-2026.
              Technavio has segmented the oil and gas engineering services market by geographic (North America, APAC, Europe, Middle East and Africa, and South America).
              Arseal, 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, Rockwell Automation Inc., Sentiec Oyj, Stantec Inc., Stress Engineering Services Inc., Tetra Tech Inc., Toyo Engineering Corp., TRC Companies Inc., WSP Global Inc. are a few of the key vendors in the oil and gas engineering services market.
              North America will register the highest growth rate of 39.83% among the other regions. Therefore, the oil and gas engineering services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the oil and gas engineering services market growth are:
              • Increase in oil and gas E and P activities
              • Rising investments in shale industry
              The oil and gas engineering services market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Details on the market shares of various regions
              • Five-force market analysis

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