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Market Dynamics
Factors such as an increase in oil rig count, and a rise in unconventional oil and gas resources will be crucial in driving the growth of the market. However, the uncertainties associated with low crude oil prices will restrict the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Company Profiles
The oil and gas upstream equipment market is fragmented and the vendors are deploying growth strategies such as M and A, joint ventures, contracts, agreements, and partnerships to compete in the market. Some of the companies covered in this report are Aker Solutions ASA, Archer Ltd., Atlas Copco AB, AXON Pressure Products Inc., Dril Quip Inc., Evolution Oil Tools Inc., Flowserve Corp., Forum Energy Technologies Inc., General Electric Co., Geometrics Inc., Halliburton Co., Helmerich and Payne Inc., Loews Corp., NOV Inc., Ramboll Group AS, Schlumberger Ltd., Seadrill Ltd., Siemens AG, SPX FLOW Inc., and Weatherford International Plc, etc.
Few companies with key offerings
The oil and gas upstream equipment market is fragmented and the vendors are deploying growth strategies such as M and A, joint ventures, contracts, agreements, and partnerships to compete in the market.
- Aker Solutions ASA - The company offers oil and gas upstream equipment using floater designs that enable oil and gas production, storage, and offloading in the world's most challenging offshore environments.
- Archer Ltd. - The company offers oil and gas upstream equipment that is designed to service the platform drilling industry more efficiently and cost-effectively than fixed drilling facilities or a Mobile Offshore Drilling Unit for drilling.
- Dril Quip Inc. - The company offers oil and gas upstream equipment that includes liner hanger systems, expandable liner systems, completion packers, safety valves, and a variety of other specialty service tools.
- General Electric Co -The company offers oil and gas upstream equipment that helps to meet increasing needs across the entire spectrum of oil and gas production and power generation, safety valves, and a variety of other specialty service tools.
- Ramboll.com - The company offers oil and gas upstream equipment that is tailored to cover the full life cycle for oil and gas facilities such as offshore platform complexes including topsides, jackets, pipelines, and subsea, FPSO, as well as onshore facilities such as terminals, storage, and refinery modifications.
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Competitive Analysis
The competitive scenario provided in the oil and gas upstream equipment market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Segmentation Analysis
- By Application, the market is classified as exploration and drilling, completion and procedure, and others.
- By Geography, the market is classified as North America, Europe, APAC, South America, the Middle East, and Africa.
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Related Reports
- The oil gas pipeline fabrication and construction market share are expected to increase by USD 59.47 billion from 2021 to 2026, at a CAGR of 4.82%. Download a free sample now!
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Oil And Gas Upstream Equipment Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.57% |
Market growth 2022-2026 |
USD 39.82 million |
Market structure |
Fragmented |
YoY growth (%) |
2.81 |
Performing market contribution |
North America at 39% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aker Solutions ASA, Archer Ltd., Atlas Copco AB, AXON Pressure Products Inc., Dril Quip Inc., Evolution Oil Tools Inc., Flowserve Corp., Forum Energy Technologies Inc., General Electric Co., Geometrics Inc., Halliburton Co., Helmerich and Payne Inc., Loews Corp., NOV Inc., Ramboll Group AS, Schlumberger Ltd., Seadrill Ltd., Siemens AG, SPX FLOW Inc., and Weatherford International Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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. |
Table of Content
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 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
- 3.4 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 between2021 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 Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Exploration and drilling - Market size and forecast 2021-2026
- Exhibit 28: Chart on Exploration and drilling - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Exploration and drilling - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Exploration and drilling - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Exploration and drilling - Year-over-year growth 2021-2026 (%)
- 5.4 Completion and procedure - Market size and forecast 2021-2026
- Exhibit 32: Chart on Completion and procedure - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Completion and procedure - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Completion and procedure - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Completion and procedure - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application ($ 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 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - 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 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Mexico - Market size and forecast 2021-2026
- Exhibit 82: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Mexico - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
- 7.13 Japan - Market size and forecast 2021-2026
- Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Aker Solutions ASA
- Exhibit 97: Aker Solutions ASA - Overview
- Exhibit 98: Aker Solutions ASA - Business segments
- Exhibit 99: Aker Solutions ASA - Key offerings
- Exhibit 100: Aker Solutions ASA - Segment focus
- 10.4 Archer Ltd.
- Exhibit 101: Archer Ltd. - Overview
- Exhibit 102: Archer Ltd. - Business segments
- Exhibit 103: Archer Ltd. - Key offerings
- Exhibit 104: Archer Ltd. - Segment focus
- 10.5 Dril Quip Inc.
- Exhibit 105: Dril Quip Inc. - Overview
- Exhibit 106: Dril Quip Inc. - Business segments
- Exhibit 107: Dril Quip Inc. - Key offerings
- Exhibit 108: Dril Quip Inc. - Segment focus
- 10.6 General Electric Co.
- Exhibit 109: General Electric Co. - Overview
- Exhibit 110: General Electric Co. - Business segments
- Exhibit 111: General Electric Co. - Key news
- Exhibit 112: General Electric Co. - Key offerings
- Exhibit 113: General Electric Co. - Segment focus
- 10.7 Halliburton Co.
- Exhibit 114: Halliburton Co. - Overview
- Exhibit 115: Halliburton Co. - Product / Service
- Exhibit 116: Halliburton Co. - Key news
- Exhibit 117: Halliburton Co. - Key offerings
- 10.8 NOV Inc.
- Exhibit 118: NOV Inc. - Overview
- Exhibit 119: NOV Inc. - Business segments
- Exhibit 120: NOV Inc. - Key news
- Exhibit 121: NOV Inc. - Key offerings
- Exhibit 122: NOV Inc. - Segment focus
- 10.9 Ramboll Group AS
- Exhibit 123: Ramboll Group AS - Overview
- Exhibit 124: Ramboll Group AS - Business segments
- Exhibit 125: Ramboll Group AS - Key offerings
- Exhibit 126: Ramboll Group AS - Segment focus
- 10.10 Schlumberger Ltd.
- Exhibit 127: Schlumberger Ltd. - Overview
- Exhibit 128: Schlumberger Ltd. - Business segments
- Exhibit 129: Schlumberger Ltd. - Key offerings
- Exhibit 130: Schlumberger Ltd. - Segment focus
- 10.11 Siemens AG
- Exhibit 131: Siemens AG - Overview
- Exhibit 132: Siemens AG - Business segments
- Exhibit 133: Siemens AG - Key news
- Exhibit 134: Siemens AG - Key offerings
- Exhibit 135: Siemens AG - Segment focus
- 10.12 Weatherford International Plc
- Exhibit 136: Weatherford International Plc - Overview
- Exhibit 137: Weatherford International Plc - Business segments
- Exhibit 138: Weatherford International Plc - Key offerings
- Exhibit 139: Weatherford International Plc - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources
- 11.5 List of abbreviations
- Exhibit 146: List of abbreviations
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