DUBLIN, June 19, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/bshjdj/global_oilfield) has announced the addition of the "Global Oilfield Equipment Market 2014-2018" report to their offering.
The increasing investment in oilfield equipment is one of the major trends being observed in the Global Oilfield Equipment market in recent years. Many market vendors are investing in different equipment and technology in order to increase their production of oil and gas.
They are also investing a huge amount of funds in design to reduce the risks associated with drilling and increase the reliability of operations. It is expected that, with the increasing investments, technology will improve, thereby reducing the environmental impact and associated costs. This in turn will result in the growth of the market during the forecast period.
According to the report, one of the main drivers in this market is the increasing oil and gas drilling activities across the globe. The increasing drilling activity in turn directly drives the demand for oilfield equipment, which is expected to propel the growth of the market during the forecast period.
Further, the report states that one of the major challenges confronting the market is the requirement for high initial investment for oilfield equipment. The oilfield equipment is very expensive because it requires a high level of expertise for operations and technological advancements to meet industry safety norms. Hence, many smaller oil and gas companies cannot afford this equipment, thereby inhibiting the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- Baker Hughes Inc.
- Eni SpA
- Halliburton Co.
- National Oilwell Varco Inc.
- Schlumberger Ltd.
- Weatherford International Ltd.
- Aker Solutions SAS
- Cameron International Corp.
- ENI Prom
- FMC Technologies Inc.
For more information visit http://www.researchandmarkets.com/research/bshjdj/global_oilfield
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SOURCE Research and Markets