oilfield equipment market 2025-2025 global size share

360iresearchOil Field Equipment Market Size & Share 2025-2030

oilfield equipment market 2025-2025 global size share
                                               
                                               
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Oilfield Equipment Market 2025-2034 Size,Share,

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coherentmiOilfield Equipment Market Size, Trends Forecast,

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IEA International Energy AgencyOil Market Report August 2025 Analysis IEA

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Research and MarketsOilfield Equipment Market Size, Share

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Yahoo FinanceOilfield Equipment Market Poised to Reach USD 146.15

oilfield equipment market 2025-2025 global size share
                                               
                                               
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Grand View ResearchUnderground Mining Equipment Market Size

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Global Information, Inc. (GII)Oilfield Drilling Elevators Market Global Industry Size, Share

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Mordor IntelligenceOffshore Drilling Equipment Market Size

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Allied Market ResearchOilfield Equipment Market Size, Share and Industry

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  • What is the global oilfield equipment market size?
  • The global oilfield equipment market size was USD 124.92 billion in 2023, accounted for USD 128.62 billion in 2024 and is expected to reach around USD 172.18 billion by 2034, expanding at a CAGR of 2.96% from 2024 to 2034. The North America oilfield equipment market size reached USD 53.72 billion in 2023.
  • How will the oilfield equipment market grow in the forecast period?
  • The company has earmarked a capital expenditure budget ranging from USD 240 million to USD 280 million for the year. Such projects are expected to create significant demand for oilfield equipment. Therefore, factors such as rising oil and gas activities are expected to grow the oilfield equipment market in the forecast period.
  • What is the growth rate of oil field equipment market?
  • Oil Field Equipment Market is expected to grow at a CAGR of 3.50%, due to rising industry growth, size, share, opportunities, key companies, trends, technology, sales, revenue, regions, demands, and forecast by 2034.
  • How big is the North America oilfield equipment market?
  • The North America oilfield equipment market size reached USD 53.72 billion in 2023. The rising demand for crude oil across the world is driving the growth of the oilfield equipment market. North America dominated the market with the largest revenue share of 43% in 2023.
  • Which country has the largest oilfield equipment market in 2022?
  • North America held the highest share of the worldwide oilfield equipment market in 2022, owing to increased shale oil exploration operations in the region's countries. Furthermore, rising offshore rig counts and oil and gas production operations in the United States are driving up oil and gas demand.
  • What drives oilfield equipment market growth?
  • One driving factor spurring oilfield equipment market growth is the increasing exploration and development of unconventional oil and gas resources. The pursuit of shale gas, tight oil, and deepwater reserves has surged due to advancements in extraction technologies like hydraulic fracturing and horizontal drilling.