(PRWEB) April 26, 2015
The oilfield services market in Asia-Pacific was valued at $ 88,122.9 million in 2014, and is estimated to reach $ 107,027.2 million by 2019, at a CAGR of 4.0% from 2014 to 2019.
Browse through the TOC of Asia Pacific Oilfield Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
Increased drilling activities in China, India, and Australia drive the Asia-Pacific oilfields services market. With the increase in population and rapid industrialization in emerging markets such as China, India, and Brazil, there has been a significant increase in world oil and gas demand, which has exerted pressure on key market players as well as new entrants to explore and find newer reserves in difficult geological conditions, sometimes even at great depths, thus increasing the demand for the oilfield services market. In 2014, China held the highest market share of 45.8% in the Asia-Pacific oilfield services market.
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The main sub-types in the concerned market are drilling services, oil country tubular goods (OCTG), pressure pumping services, oilfield equipment rental, wire line services, well completion, drilling fluids, well intervention, and coiled tubing services. The market has been analyzed in terms of the major countries in the Asia-Pacific market, such as China, Indonesia, Thailand, Australia, India, and others, while in terms of application the market is segmented into onshore and offshore operations.
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This report also includes the market share and value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
South America Oilfield Services Market
The growing demand for energy with an increase in the number of investments in offshore and unconventional exploration and production activities is expected to drive the global oilfield services market. The South American oilfield services market is estimated to grow at a CAGR of 5.8% from 2014 to 2019.
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