NEW YORK , April 19, 2022 /PRNewswire/ -- The Oil And Gas Upstream Equipment Market offers a comprehensive analysis of new product launches, the latest trends, drivers, and challenges. The oil and gas upstream equipment market size is expected to increase by USD 39.82 million , at a CAGR of 3.57% from 2021 to 2026 as per the latest market report by Technavio. 39% of the market's growth will originate from North America during the forecast period. Canada and Mexico are the key markets for oil and gas upstream equipment in North America . Market growth in this region will be faster than the growth of the market in Europe. With the gradual stabilization in crude oil prices, the region has resumed its deep and ultra-deep oil and gas projects in the GoM, which will facilitate the oil and gas upstream equipment market growth in North America over the forecast period.
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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.
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
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Related Reports
Oil And Gas Upstream Equipment Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.57%
Market growth 2022-2026
USD 39.82 million
Performing market contribution
North America at 39%
Leading companies, competitive strategies, consumer engagement scope
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
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,
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Table of Content
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
