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Oilfield Services Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

TBRC’s market report includes a chapter on the COVID-19 impact on the oilfield services industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected oilfield services market growth numbers from 2022-2031.

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The global oilfield services market size is expected to grow from $169.52 billion in 2021 to $179.63 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The market is expected to grow to $225.83 billion in 2026 at a CAGR of 5.9%.

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https://www.thebusinessresearchcompany.com/report/oilfield-services-global-market-report

The Oilfield Services Global Market Report 2022-31 by The Business Research Company evaluates oilfield services market size, growth rate, drivers, oilfield services industry trends, and major companies.

The oilfield services market segments in the report are:
1) By Service Type: Subsea Services, Seismic Services, Drilling Services, Workover and Completion Services, Production Equipment, Processing and Separation Services, Other Service Types
2) By Type: Equipment Rental, Field Operation, Analytical and Consulting Services
3) By Application: Onshore, Offshore

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