Oil and Gas Upstream Equipment Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 175 SKU: IRTNTR73168

Oil and Gas Upstream Equipment Market 2024-2028

The oil and gas upstream equipment market size is estimated to grow at a CAGR of 3.26% between 2024 and 2028. The market size is forecast to increase by USD 11,226.76 million. The growth of the market depends on several factors including the increasing preference for pipeline transportation, the rising global energy demand, and the advancements in drilling technology.

This oil and gas upstream equipment market report extensively covers market segmentation by application (exploration and drilling, completion, and procedure, and others), deployment (onshore and offshore), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.

What will be the Size of the Oil And Gas Upstream Equipment Market During the Forecast Period?

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Oil And Gas Upstream Equipment Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Oil And Gas Upstream Equipment Market Driver

One of the key factors driving the oil and gas upstream equipment market growth is the advancements in drilling technology. Advanced drilling techniques, including horizontal drilling and extended-reach drilling, enable greater access to hydrocarbon reserves, including unconventional resources like shale and tight formations. In addition, this prompts increased exploration efforts, resulting in a higher demand for drilling equipment and associated technologies.

Moreover, technological advancements have enabled drilling in deepwater and ultra-deepwater environments, where substantial reserves are found. As a result, it requires specialized drilling rigs, subsea equipment, and wellhead systems, all of which contribute to the upstream equipment market. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Key Oil And Gas Upstream Equipment Market Trends

A key factor shaping the oil and gas upstream equipment market growth is the rising adoption of digitalization and automation. Digitalization comprises the use of sensors and IoT (Internet of Things) devices to collect real-time data from equipment and assets. In addition, the demand for advanced sensor technology has grown as operators seek to monitor the performance and condition of equipment remotely. Furthermore, automation and digitalization enable the collection and analysis of vast amounts of data from upstream operations.

Moreover, data analytics and machine learning algorithms are used to predict equipment failures, schedule maintenance proactively, and optimize production processes. In addition, automation allows for remote monitoring and control of drilling rigs, production facilities, and pipelines. Furthermore, it reduces the need for on-site personnel, lowers operational costs, and enhances safety, especially in remote or hazardous environments. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Key Oil And Gas Upstream Equipment Market Challenge

Uncertainties associated with low crude oil prices are one of the key challenges hindering the oil and gas upstream equipment market growth. The oil and gas industry is highly relies on commodity prices. Therefore, any fluctuation in crude oil prices affects the performance of a majority of the upstream sector companies. Furthermore, Pureplay upstream companies have been affected the most, while integrated oil companies were still able to absorb some of the ongoing pressure due to increased revenue from the downstream sector. 

Moreover, for drilling and production of crude oil to be commercially viable, global crude oil prices need to be sufficiently high so that oil and gas companies can sustain themselves in the market. In addition, several oil and gas projects were put on hold, many oil rigs remained unutilized. Furthermore, such oil rigs require regular maintenance so that the quality of rigs is not hampered. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

Oil And Gas Upstream Equipment Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Oil and Gas Upstream Equipment Market Customer Landscape

Who are the Major Oil and Gas Upstream Equipment Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Aker Solutions ASA: The company offers oil and gas upstream equipment such as wellheads, subsea trees, and tie in systems.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • 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.
  • Helmerich and Payne Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Oil And Gas Upstream Equipment Market?

The exploration and drilling segment is estimated to witness significant growth during the forecast period. Exploration activities are essentially attributed to the upstream sector, which comprises the basic search for crude oil or gas in the petroleum trap. In addition, with the help of several surveys, such as geological mapping through technologically advanced methods, such as reflective seismic, passive seismic, gravity, and magnetic surveys, potentially hydrocarbon-bearing rocks known as prospects are identified. 

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The exploration and drilling segment was the largest segment and was valued at USD 38,421.25 million in 2018. Moreover, seismic surveys utilize sophisticated technologies including streamers, vessels, hydrophones, geophones, and receivers to capture large volumes of data at higher frequencies from the entire seismic survey value chain. In addition, the data is then analyzed by geologists in real time to locate the area for production. Furthermore, this helps optimize reservoir production. With the maturing of oil fields, access to easy oil is reducing. Moreover, there are increased investments in offshore wells that require extensive use of high-technology surveying equipment. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Which are the Key Regions for the Oil And Gas Upstream Equipment Market?

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the major regions for the oil and gas industry is North America. It includes the maximum share of active rig counts, which increases the potential for the oil and gas upstream equipment market.

With the gradual stabilization in crude oil prices, the region has resumed its deep and ultra-deep oil and gas projects in the Gulf of Mexico which is significantly contributing to the market growth in the region. In addition, drilling and production from unconventional sources of energy, such as shale and oil sands, are likely to further fuel the market potential for oil and gas upstream equipment in North America. Hence, such factors are driving the market growth in North America during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global oil and gas upstream equipment market witnessed a significant slowdown due to the halt in online pipeline projects in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of pipeline projects. Such factors are expected to drive the market during the forecast period

Segment Overview

The oil and gas upstream equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook (USD Million, 2018-2028)
    • Exploration and drilling
    • Completion and procedure
    • Others
  • Deployment Outlook (USD Million,2018-2028)
    • Onshore
    • Offshore
  • Geography Outlook (USD Million, 2018-2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Oil And Gas Upstream Equipment Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.26%

Market Growth 2024-2028

USD 11,226.76 million

Market structure

Fragmented

YoY growth 2023-2024(%)

3.11

Regional analysis

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

Performing market contribution

North America at 38%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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.

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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Oil And Gas Upstream Equipment Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global oil and gas upstream equipment market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global oil and gas upstream equipment market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Deployment Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Deployment Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Exploration and drilling - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Exploration and drilling - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Exploration and drilling - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Exploration and drilling - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Exploration and drilling - Year-over-year growth 2023-2028 (%)
    • 6.4 Completion and procedure - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Completion and procedure - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Completion and procedure - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Completion and procedure - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Completion and procedure - Year-over-year growth 2023-2028 (%)
    • 6.5 Others - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Deployment

    • 7.1 Market segments
      • Exhibit 48: Chart on Deployment - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Deployment - Market share 2023-2028 (%)
    • 7.2 Comparison by Deployment
      • Exhibit 50: Chart on Comparison by Deployment
      • Exhibit 51: Data Table on Comparison by Deployment
    • 7.3 Onshore - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Onshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Onshore - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
    • 7.4 Offshore - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Offshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Offshore - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Deployment
      • Exhibit 60: Market opportunity by Deployment ($ million)
      • Exhibit 61: Data Table on Market opportunity by Deployment ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Germany - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Aker Solutions ASA
              • Exhibit 115: Aker Solutions ASA - Overview
              • Exhibit 116: Aker Solutions ASA - Business segments
              • Exhibit 117: Aker Solutions ASA - Key news
              • Exhibit 118: Aker Solutions ASA - Key offerings
              • Exhibit 119: Aker Solutions ASA - Segment focus
            • 12.4 Archer Ltd.
              • Exhibit 120: Archer Ltd. - Overview
              • Exhibit 121: Archer Ltd. - Business segments
              • Exhibit 122: Archer Ltd. - Key offerings
              • Exhibit 123: Archer Ltd. - Segment focus
            • 12.5 Atlas Copco AB
              • Exhibit 124: Atlas Copco AB - Overview
              • Exhibit 125: Atlas Copco AB - Business segments
              • Exhibit 126: Atlas Copco AB - Key news
              • Exhibit 127: Atlas Copco AB - Key offerings
              • Exhibit 128: Atlas Copco AB - Segment focus
            • 12.6 AXON Pressure Products Inc.
              • Exhibit 129: AXON Pressure Products Inc. - Overview
              • Exhibit 130: AXON Pressure Products Inc. - Product / Service
              • Exhibit 131: AXON Pressure Products Inc. - Key offerings
            • 12.7 Dril Quip Inc.
              • Exhibit 132: Dril Quip Inc. - Overview
              • Exhibit 133: Dril Quip Inc. - Business segments
              • Exhibit 134: Dril Quip Inc. - Key news
              • Exhibit 135: Dril Quip Inc. - Key offerings
              • Exhibit 136: Dril Quip Inc. - Segment focus
            • 12.8 Evolution Oil Tools Inc.
              • Exhibit 137: Evolution Oil Tools Inc. - Overview
              • Exhibit 138: Evolution Oil Tools Inc. - Product / Service
              • Exhibit 139: Evolution Oil Tools Inc. - Key offerings
            • 12.9 Flowserve Corp.
              • Exhibit 140: Flowserve Corp. - Overview
              • Exhibit 141: Flowserve Corp. - Business segments
              • Exhibit 142: Flowserve Corp. - Key news
              • Exhibit 143: Flowserve Corp. - Key offerings
              • Exhibit 144: Flowserve Corp. - Segment focus
            • 12.10 Forum Energy Technologies Inc.
              • Exhibit 145: Forum Energy Technologies Inc. - Overview
              • Exhibit 146: Forum Energy Technologies Inc. - Business segments
              • Exhibit 147: Forum Energy Technologies Inc. - Key offerings
              • Exhibit 148: Forum Energy Technologies Inc. - Segment focus
            • 12.11 General Electric Co.
              • Exhibit 149: General Electric Co. - Overview
              • Exhibit 150: General Electric Co. - Business segments
              • Exhibit 151: General Electric Co. - Key news
              • Exhibit 152: General Electric Co. - Key offerings
              • Exhibit 153: General Electric Co. - Segment focus
            • 12.12 Halliburton Co.
              • Exhibit 154: Halliburton Co. - Overview
              • Exhibit 155: Halliburton Co. - Business segments
              • Exhibit 156: Halliburton Co. - Key news
              • Exhibit 157: Halliburton Co. - Key offerings
              • Exhibit 158: Halliburton Co. - Segment focus
            • 12.13 NOV Inc.
              • Exhibit 159: NOV Inc. - Overview
              • Exhibit 160: NOV Inc. - Business segments
              • Exhibit 161: NOV Inc. - Key offerings
              • Exhibit 162: NOV Inc. - Segment focus
            • 12.14 Schlumberger Ltd.
              • Exhibit 163: Schlumberger Ltd. - Overview
              • Exhibit 164: Schlumberger Ltd. - Business segments
              • Exhibit 165: Schlumberger Ltd. - Key news
              • Exhibit 166: Schlumberger Ltd. - Key offerings
              • Exhibit 167: Schlumberger Ltd. - Segment focus
            • 12.15 Siemens AG
              • Exhibit 168: Siemens AG - Overview
              • Exhibit 169: Siemens AG - Business segments
              • Exhibit 170: Siemens AG - Key news
              • Exhibit 171: Siemens AG - Key offerings
              • Exhibit 172: Siemens AG - Segment focus
            • 12.16 SPX FLOW Inc.
              • Exhibit 173: SPX FLOW Inc. - Overview
              • Exhibit 174: SPX FLOW Inc. - Business segments
              • Exhibit 175: SPX FLOW Inc. - Key offerings
              • Exhibit 176: SPX FLOW Inc. - Segment focus
            • 12.17 Weatherford International Plc
              • Exhibit 177: Weatherford International Plc - Overview
              • Exhibit 178: Weatherford International Plc - Business segments
              • Exhibit 179: Weatherford International Plc - Key news
              • Exhibit 180: Weatherford International Plc - Key offerings
              • Exhibit 181: Weatherford International Plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • 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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