Global oilfield equipment demand will reach $85 billion by 2012, as growth accelerates from a slowdown in 2009. The best opportunities exist in Brazil, China and Kazakhstan, as well as in the offshore regions of Western Africa. Fixed-cutter drill bits and advanced well logging equipment will grow the fastest. This study analyzes the world oilfield equipment industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by product (e.g., drilling equipment, field production machinery, pumps and valves), world region (e.g., North America, Africa/Mideast, Asia/Pacific) and for 23 major national markets. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 30 industry players, including National Oilwell Varco, Halliburton and Baker Hughes.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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