NEW YORK, Oct. 30, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
World Oilfield Equipment Market
http://www.reportlinker.com/p01021208/World-Oilfield-Equipment-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_Gas_energy
Global demand to rise 3.7% annually through 2016
Worldwide demand for oilfield equipment is forecast to increase 3.7 percent per annum through 2016 to $106 billion, an improvement from the 2006-2011 pace. Demand gains will be fueled by a substantial uptick in oil and gas production as the world economy distances itself from the general economic weakness surrounding the 2009 global recession. Growth in oil and gas output is expected to be especially strong in developing regions, where increasing energy requirements and improving infrastructure will contribute to more drilling activity.
Developing countries to see fastest gains in demand
Through 2016, most of the faster gains in oilfield equipment demand will occur in a variety of smaller developing countries. Among larger markets, gains will tend to be more moderate. China, which dominates demand in the Asia/Pacific region, will experience steady growth as its energy consumption continues to rise. Russia, the world's largest energy producer, will see oilfield equipment demand grow at a below average pace, but this will represent a substantial improvement on a weak 2006-2011 performance. Growth in demand for oilfield equipment will be especially rapid in Brazil, which is expected to see a major boom in oil and gas production as a number of large discoveries from the later part of the preceding decade are developed. The oilfield equipment market will be relatively weaker in developed regions, although North America and Europe are still expected to see improvements from the pace of the 2006-2011 period. Demand for oilfield equipment in the US will rise at about the world average as the continuing shale gas boom somewhat counteracts an overall slowdown in oil and gas production. In the UK, demand for oilfield equipment is expected to be held back by declining oilfield output, continuing the trend of the past decade. Weak demand growth will not be limited to wealthier nations, however Argentina, Mexico, and Venezuela will all be among the world's more sluggish markets.
Equipment price increases expected to continue
The discovery of new reserves and the depletion of existing ones has led to new extraction techniques and increased complexity of drilling, raising the costs of production. Going forward, technological advancements leading to increased drilling efficiency will serve to constrain costs somewhat, but the necessity of developing new techniques to capitalize on unconventional reserves, particularly shale oil and oil sands, will continue to raise prices.
Industrialized countries to remain key producers
Global production of oilfield equipment is concentrated in larger developed economies, which possess greater capacity for manufacture of high technology industrial machinery. The pattern of production is substantially different from the distribution of demand, and only a few countries are net exporters. The US is by far the biggest producer, accounting for 44 percent of oilfield equipment output in 2011. Russia, China, and Canada are also major producers, but are all net importers. Although oilfield equipment manufacturing in most smaller countries is expected to grow along with demand, production of larger, more technologically intensive components is expected to remain concentrated in larger industrialized nations.
Study coverage
This upcoming industry study presents historical demand data (2001, 2006, 2011) and forecasts for 2016 and 2021 by product, world region and for 23 major countries. The study also considers market environment factors, evaluates company market share, and profiles 26 global industry competitors.
TABLE OF CONTENTS
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 6
World Economic Outlook 8
World Demographic Overview 12
World Manufacturing Outlook 14
World Oil & Gas Outlook 16
World Petroleum Outlook 18
Reserves & Exploration 19
Production 22
Pricing Patterns 24
World Natural Gas Outlook 26
Reserves & Exploration 27
Production 30
Pricing Patterns 33
Oilfield Services Overview 35
Oilfield Equipment Pricing Trends 37
Environmental & Regulatory Issues 37
III. OVERVIEW 41
General 41
Demand by Region 42
Demand by Product 46
Drilling Equipment 48
Field Production Machinery 50
Pumps & Valves 51
Other Machinery & Equipment 53
World Oilfield Equipment Production 55
International Trade 58
IV. NORTH AMERICA 60
General 60
Supply & Demand 61
Outlook 63
United States 65
Canada 72
Mexico 77
V. CENTRAL & SOUTH AMERICA 83
General 83
Supply & Demand 84
Outlook 86
Argentina 87
Brazil 92
Venezuela 96
Other Central & South America 101
VI. EUROPE 106
General 106
Supply & Demand 109
Outlook 110
Norway 112
Russia 118
United Kingdom 124
Other Europe 129
VII. AFRICA/MIDEAST 135
General 135
Supply & Demand 136
Outlook 138
Algeria 139
Iran 144
Kuwait 149
Libya 153
Nigeria 157
Qatar 162
Saudi Arabia 166
United Arab Emirates 171
Other Africa/Mideast 175
VIII. ASIA/PACIFIC 180
General 180
Supply & Demand 181
Outlook 183
Australia 185
China 189
India 195
Indonesia 200
Kazakhstan 205
Malaysia 209
Other Asia/Pacific 214
IX. INDUSTRY STRUCTURE 218
General 218
Industry Composition 219
Market Share 221
Product Development & Manufacturing 225
Marketing & Distribution 228
Financial Requirements 229
Cooperative Agreements 231
Mergers & Acquisitions 233
Company Profiles 238
Asker Solutions ASA 239
Atlas Cop co AB 243
Baker Hughes Incorporated 245
BI CO Drilling Tools, see Schooler-Blackman Oilfield
Equipment
Blake's Pump Engineers, see ITT
Cameron International Corporation 249
Capital Valves, see National Oil well Vacuo
Christensen Rider Products E Services De Petr oleo
Limited, see National Oil well Vacuo
Dover Corporation 254
Dresser, see General Electric
Abra Corporation 259
Emerson Electric Company 261
Flowserve Corporation 263
Foster Wheeler AG 267
Framo Engineering, see Schlumberger
Franklin (CE), see National Oil well Vacuo
GE Oil & Gas, see General Electric
General Electric Company 269
Goulds Pumps, see ITT
H&F Drilling Supplies, see Atlas Cop co
Halliburton Company 272
Harbison-Fischer, see Dover
Ingersoll-Rand plc 276
ITT Corporation 278
KITZ Corporation 280
KSB AG 282
Lawrence Pumps, see Flowserve
LeTourneau Drilling Systems, see Cameron International
National Oil well Vacuo Incorporated 286
Norris Production Solutions, see Dover
Oil Lift Technology, see Dover
Petrowell, see Weatherford International
Production Control Services, see Dover
Quartzdyne, see Dover
Rowan Companies plc 294
Sandvik AB 295
Saudi Seamless Pipes Factory, see Vallourec
Schlumberger Limited 297
Schooler-Blackman Oilfield Equipment AG 303
Smith International, see Schlumberger
Sulzer Limited 306
Technip SA 308
Tenaris SA 310
Tyco International Limited 313
US Synthetic, see Dover
Vallourec SA 316
Vescon Equipamentos Industriais Limited, see Cameron
International
voestalpine Tubulars, see National Oil well Vacuo
Weatherford International Limited 320
Wellstream Holdings, see General Electric
Wilson International, see National Oil well Vacuo
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 12
2 World Population by Region 14
3 World Manufacturing Value Added by Region 16
4 World Oil & Gas Output 18
5 World Petroleum Reserves by Country, 2011 21
6 World Crude Oil Production by Region 24
7 World Natural Gas Reserves by Country, 2011 29
8 World Natural Gas Production by Region 33
9 World Oilfield Services Indicators 36
SECTION III -- OVERVIEW
1 World Oilfield Equipment Demand by Region 45
2 World Oilfield Equipment Demand by Product 47
3 World Drilling Equipment Demand by Region 50
4 World Field Production Machinery Demand by Region 51
5 World Pumps & Valves Demand by Region 53
6 World Other Machinery & Equipment Demand by Region 55
7 World Oilfield Equipment Production by Region 57
8 World Oilfield Equipment Net Exports by Region 59
SECTION IV -- NORTH AMERICA
1 North America: Oilfield Equipment Supply & Demand 63
2 North America: Oilfield Equipment Demand by Product 64
3 United States: Oilfield Equipment Supply & Demand 69
4 United States: Oilfield Equipment Demand by Product 71
5 Canada: Oilfield Equipment Supply & Demand 75
6 Canada: Oilfield Equipment Demand by Product 77
7 Mexico: Oilfield Equipment Supply & Demand 80
8 Mexico: Oilfield Equipment Demand by Product 82
SECTION V -- CENTRAL & SOUTH AMERICA
1 Central & South America: Oilfield Equipment
Supply & Demand 85
2 Central & South America: Oilfield Equipment
Demand by Product 87
3 Argentina: Oilfield Equipment Supply & Demand 90
4 Argentina: Oilfield Equipment Demand by Product 91
5 Brazil: Oilfield Equipment Supply & Demand 94
6 Brazil: Oilfield Equipment Demand by Product 96
7 Venezuela: Oilfield Equipment Supply & Demand 99
8 Venezuela: Oilfield Equipment Demand by Product 101
9 Other Central & South America: Oilfield Equipment
Supply & Demand 104
10 Other Central & South America: Oilfield Equipment
Demand by Product 105
SECTION VI -- EUROPE
1 Europe: Oilfield Equipment Supply & Demand 110
2 Europe: Oilfield Equipment Demand by Product 112
3 Norway: Oilfield Equipment Supply & Demand 116
4 Norway: Oilfield Equipment Demand by Product 118
5 Russia: Oilfield Equipment Supply & Demand 121
6 Russia: Oilfield Equipment Demand by Product 124
7 United Kingdom: Oilfield Equipment Supply & Demand 127
8 United Kingdom: Oilfield Equipment Demand by Product 129
9 Other Europe: Oilfield Equipment Supply & Demand 132
10 Other Europe: Oilfield Equipment Demand by Product 134
SECTION VII -- AFRICA/MIDEAST
1 Africa/Mideast: Oilfield Equipment Supply & Demand 137
2 Africa/Mideast: Oilfield Equipment Demand by Product 139
3 Algeria: Oilfield Equipment Supply & Demand 142
4 Algeria: Oilfield Equipment Demand by Product 144
5 Iran: Oilfield Equipment Supply & Demand 147
6 Iran: Oilfield Equipment Demand by Product 149
7 Kuwait: Oilfield Equipment Supply & Demand 151
8 Kuwait: Oilfield Equipment Demand by Product 153
9 Libya: Oilfield Equipment Supply & Demand 155
10 Libya: Oilfield Equipment Demand by Product 157
11 Nigeria: Oilfield Equipment Supply & Demand 160
12 Nigeria: Oilfield Equipment Demand by Product 161
13 Qatar: Oilfield Equipment Supply & Demand 164
14 Qatar: Oilfield Equipment Demand by Product 166
15 Saudi Arabia: Oilfield Equipment Supply & Demand 169
16 Saudi Arabia: Oilfield Equipment Demand by Product 171
17 United Arab Emirates: Oilfield Equipment Supply
& Demand 173
18 United Arab Emirates: Oilfield Equipment Demand
by Product 175
19 Other Africa/Mideast: Oilfield Equipment Supply
& Demand 178
20 Other Africa/Mideast: Oilfield Equipment Demand
by Product 179
SECTION VIII -- ASIA/PACIFIC
1 Asia/Pacific: Oilfield Equipment Supply & Demand 183
2 Asia/Pacific: Oilfield Equipment Demand by Product 184
3 Australia: Oilfield Equipment Supply & Demand 187
4 Australia: Oilfield Equipment Demand by Product 188
5 China: Oilfield Equipment Supply & Demand 193
6 China: Oilfield Equipment Demand by Product 195
7 India: Oilfield Equipment Supply & Demand 198
8 India: Oilfield Equipment Demand by Product 200
9 Indonesia: Oilfield Equipment Supply & Demand 203
10 Indonesia: Oilfield Equipment Demand by Product 204
11 Kazakhstan: Oilfield Equipment Supply & Demand 207
12 Kazakhstan: Oilfield Equipment Demand by Product 209
13 Malaysia: Oilfield Equipment Supply & Demand 212
14 Malaysia: Oilfield Equipment Demand by Product 213
15 Other Asia/Pacific: Oilfield Equipment Supply & Demand 216
16 Other Asia/Pacific: Oilfield Equipment Demand by Product 217
SECTION IX -- INDUSTRY STRUCTURE
1 World Oilfield Equipment Sales by Company, 2011 220
2 Selected Cooperative Agreements 232
3 Selected Acquisitions & Divestitures 235
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 World Petroleum Reserves by Region, 2011 22
2 Average Annual Spot Prices for Crude Oil, 2001-2011 26
3 Proven Natural Gas Reserves by Region, 2011 30
4 Average Annual Spot Prices for Natural Gas, 2001-2011 35
SECTION III -- OVERVIEW
1 Oilfield Equipment Demand/Crude Oil Production
Relationship, 2011 44
2 World Oilfield Equipment Demand by Region, 2011 45
3 World Oilfield Equipment Demand by Product, 2011 47
4 World Oilfield Equipment Production by Region, 2011 57
SECTION IX -- INDUSTRY STRUCTURE
1 World Oilfield Equipment Market Share by Company, 2011 221
To order this report:
Oil_and_Gas_energy Industry: World Oilfield Equipment Market
Nicolas Bombourg
Reportlinker
Email: [email protected]
US: (805)652-2626
Intl: +1 805-652-2626
SOURCE Reportlinker
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