Europe Oilfield Equipment Market Size, Share & Trends Analysis Report By Product (Drilling Equipment, Pumps & Valves), By Application (Onshore, Offshore), By Country, And Segment Forecasts, 2024

Description

Europe Oilfield Equipment Market Growth & Trends:

The Europe oilfield equipment market size is expected to reach USD 22.10 billion by 2030, registering a CAGR of 2.7% during the forecast period, according to a new report by Grand View Research, Inc. Horizontal and directional drilling activities are expected to drive revenue growth over the forecast period. In these processes, the well is turned horizontal or to a specific target or location. These flexible drilling techniques have already emerged as a separate growth industry in North America and are now expected to gain importance in other regions including Europe.

Declining crude oil prices have been a major factor inhibiting the regional oilfield equipment market in the recent past. Stable crude oil prices in the near future is expected to help in oilfield equipment industry's recovery

Drilling segment was the leading product segment with revenue share exceeding 69.1% in 2023. Key factors which are expected to drive drilling machinery segment include technological advancements in drilling techniques, increasing demand for horizontal & directional drilling and use of digital services in the sector.

Europe Oilfield Equipment Market Report Highlights:

Europe oilfield equipment industry was valued at USD 18.38 billion in 2023 and is expected to reach USD 22.10 billion by 2030 growing at a CAGR of 2.7% from 2024 to 2030.
Russia emerged as the leading regional consumer in 2023. The country is expected to continue its dominance owing to huge production levels from its oilfields.
Norway is expected to witness the significant growth during the forecast period. Increasing drilling activities across the North Sea is expected to drive country's demand over the forecast period. Presence of large number of offshore oilfields has prompted demand for expensive technologies for development which in turn is expected to increase oilfield equipment revenues levels over the next seven years.

Product Code: 978-1-68038-723-0

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Global Breakthrough Therapy Designation Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Global Breakthrough Therapy Designation Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Europe Oilfield Equipment Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Europe Oilfield Equipment Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.3. Drilling Equipment
- 4.3.1. Drilling Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Pumps & Valves
- 4.4.1. Pumps & Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Field Production Machinery
- 4.5.1. Field Production Machinery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Europe Oilfield Equipment Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Europe Oilfield Equipment Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Onshore
- 5.3.1. Onshore Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Offshore
- 5.4.1. Offshore Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Europe Oilfield Equipment Market: Regional Estimates & Trend Analysis

6.1. Europe Oilfield Equipment Market Share, By Region, 2023 & 2030 (USD Million)
6.2. Europe
- 6.2.1. Europe Oilfield Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. UK
  - 6.2.2.1. UK Oilfield Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Germany
  - 6.2.3.1. Germany Oilfield Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Norway
  - 6.2.4.1. Norway Oilfield Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.5. Russia
  - 6.2.5.1. Russia Oilfield Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.6. Italy
  - 6.2.6.1. Italy Oilfield Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. Transocean Ltd.
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Seadrill Ltd.
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Valaris Ltd.
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Noble Corporation
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Weatherford
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Superior Energy Services
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Schlumberger NV
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Expro International Group Holding NV
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Wireline Engineering Ltd.
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Oil States International, Inc.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives

Europe Oilfield Equipment Market Size, Share & Trends Analysis Report By Product (Drilling Equipment, Pumps & Valves), By Application (Onshore, Offshore), By Country, And Segment Forecasts, 2024 - 2030