World Oilfield Equipment

As Quoted In Upstream Pumping Solutions

Gains will be fueled by rising oil and gas production as the world economy rebounds, especially in developing regions where improving infrastructure will contribute to more drilling activity.

World demand to rise 3.8% annually through 2016

forecast to rise 3.8 percent per year through 2016 to over $109 billion. Gains will be fueled by a substantial increase in oil and gas production as the world economy rebounds from the general economic weakness triggered by the 2009 global recession.

Growth in oil and gas investment is expected to be especially strong in developing regions, where improving infrastructure will contribute to more drilling activity. The discovery of new reserves and the depletion of existing ones have led to new extraction techniques and increased complexity of drilling, raising the costs of production.

Going forward, technological advancements leading to improved drilling efficiency will serve to limit costs somewhat, but the necessity of developing new techniques to capitalize on unconventional reserves, particularly shale oil and oil sands, will continue to boost spending.

Brazil, China among fastest growing national markets

Through 2016, most of the faster growth in oilfield equipment demand will occur in a variety of developing countries, while gains in developed markets 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 recent large discoveries are developed to productivity.

The oilfield equipment market will be weaker in developed regions, although North America and Europe are still expected to see moderate gains. Demand for oilfield equipment in the US will rise at about the world average as the production of shale gas continues to expand while crude oil output in the country posts modest but steady growth following decades of decline. 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, and Argentina, Mexico, and Venezuela will all be among the world’s more sluggish markets.

Of these countries, Argentina and Mexico have suffered from diminishing oil and gas output, and the future output trend in both countries will be flat at best. Prospects for future growth are better in Venezuela, which has recently been the site of massive reserves discoveries, but developing these reserves looks to be more of a long term project.

Study Scope

This study analyzes the $90.6 billion world oilfield equipment industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., drilling equipment, field production machinery, pumps and valves), world region and for 23 major countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 26 industry players, including National Oilwell Varco, Schlumberger, and Weatherford International.

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  1. World Oilfield Equipment

    $6,100.00

    1. 1 INTRODUCTION

      $297.00

    2. 2 EXECUTIVE SUMMARY

      $156.00

      1. Table | WORLD OILFIELD EQUIPMENT DEMAND BY REGION (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,848.00

      1. 3.1 General

        $96.00

      2. 3.2 World Economic Overview

        $380.00

        1. 3.2.1 Recent Historical Trends

          $101.00

        2. 3.2.2 World Economic Outlook

          $225.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)

      3. 3.3 World Demographic Overview

        $85.00

        1. Table | WORLD POPULATION BY REGION (million persons)

      4. 3.4 World Manufacturing Outlook

        $95.00

        1. Table | WORLD MANUFACTURING VALUE ADDED BY REGION (billion 2010 dollars)

      5. 3.5 World Oil & Gas Outlook

        $123.00

        1. Table | WORLD OIL & GAS OUTPUT (quadrillion Btus)

      6. 3.6 World Petroleum Outlook

        $354.00

        1. 3.6.1 Reserves & Exploration

          $100.00

          1. Table | WORLD PETROLEUM RESERVES BY COUNTRY, 2011 (billion barrels)

        2. 3.6.2 Production

          $91.00

          1. Table | WORLD CRUDE OIL PRODUCTION BY REGION (million barrels)

        3. 3.6.3 Pricing Patterns

          $119.00

      7. 3.7 World Natural Gas Outlook

        $388.00

        1. 3.7.1 Reserves & Exploration

          $104.00

          1. Table | WORLD NATURAL GAS RESERVES BY COUNTRY, 2011 (trillion cubic feet)

        2. 3.7.2 Production

          $163.00

          1. Table | WORLD NATURAL GAS PRODUCTION BY REGION (trillion cubic feet)

        3. 3.7.3 Pricing Patterns

          $82.00

      8. 3.8 Oilfield Services Overview

        $82.00

        1. Table | WORLD OILFIELD SERVICES INDICATORS

      9. 3.9 Oilfield Equipment Pricing Trends

        $82.00

      10. 3.10 Environmental & Regulatory Issues

        $204.00

    4. 4 OVERVIEW

      $782.00

      1. 4.1 General

        $82.00

      2. 4.2 Demand by Region

        $107.00

        1. Table | WORLD OILFIELD EQUIPMENT DEMAND BY REGION (million dollars)

      3. 4.3 Demand by Product

        $439.00

        1. Table | WORLD OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

        2. 4.3.1 Drilling Equipment

          $133.00

          1. Table | WORLD DRILLING EQUIPMENT DEMAND BY REGION (million dollars)

        3. 4.3.2 Field Production Machinery

          $82.00

          1. Table | WORLD FIELD PRODUCTION MACHINERY DEMAND BY REGION (million dollars)

        4. 4.3.3 Pumps & Valves

          $87.00

          1. Table | WORLD PUMPS & VALVES DEMAND BY REGION (million dollars)

        5. 4.3.4 Other Machinery & Equipment

          $88.00

          1. Table | WORLD OTHER MACHINERY & EQUIPMENT DEMAND BY REGION (million dollars)

      4. 4.4 World Oilfield Equipment Production

        $95.00

        1. Table | WORLD OILFIELD EQUIPMENT PRODUCTION BY REGION (million dollars)

      5. 4.5 International Trade

        $82.00

        1. Table | WORLD OILFIELD EQUIPMENT NET EXPORTS BY REGION (million dollars)

    5. 5 NORTH AMERICA

      $1,124.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: Supply & Demand

        $130.00

        1. Table | NORTH AMERICA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 5.3 North America: Outlook

        $82.00

        1. Table | NORTH AMERICA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      4. 5.4 United States

        $380.00

        1. Table | UNITED STATES: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED STATES: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      5. 5.5 Canada

        $270.00

        1. Table | CANADA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million US dollars)

        2. Table | CANADA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million US dollars)

      6. 5.6 Mexico

        $218.00

        1. Table | MEXICO: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | MEXICO: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

    6. 6 CENTRAL & SOUTH AMERICA

      $1,042.00

      1. 6.1 Central & South America: General

        $82.00

      2. 6.2 Central & South America: Supply & Demand

        $82.00

        1. Table | CENTRAL & SOUTH AMERICA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 6.3 Central & South America: Outlook

        $82.00

        1. Table | CENTRAL & SOUTH AMERICA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      4. 6.4 Argentina

        $193.00

        1. Table | ARGENTINA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | ARGENTINA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      5. 6.5 Brazil

        $222.00

        1. Table | BRAZIL: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | BRAZIL: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      6. 6.6 Venezuela

        $215.00

        1. Table | VENEZUELA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | VENEZUELA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      7. 6.7 Other Central & South America

        $210.00

        1. Table | OTHER CENTRAL & SOUTH AMERICA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER CENTRAL & SOUTH AMERICA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

    7. 7 EUROPE

      $1,339.00

      1. 7.1 Europe: General

        $176.00

      2. 7.2 Europe: Supply & Demand

        $85.00

        1. Table | EUROPE: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 7.3 Europe: Outlook

        $82.00

        1. Table | EUROPE: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      4. 7.4 Norway

        $257.00

        1. Table | NORWAY: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | NORWAY: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      5. 7.5 Russia

        $291.00

        1. Table | RUSSIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | RUSSIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      6. 7.6 United Kingdom

        $242.00

        1. Table | UNITED KINGDOM: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED KINGDOM: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      7. 7.7 Other Europe

        $226.00

        1. Table | OTHER EUROPE: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER EUROPE: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

    8. 8 AFRICA/MIDEAST

      $2,006.00

      1. 8.1 Africa/Mideast: General

        $87.00

      2. 8.2 Africa/Mideast: Supply & Demand

        $82.00

        1. Table | AFRICA/MIDEAST: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 8.3 Africa/Mideast: Outlook

        $89.00

        1. Table | AFRICA/MIDEAST: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      4. 8.4 Algeria

        $205.00

        1. Table | ALGERIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | ALGERIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      5. 8.5 Iran

        $207.00

        1. Table | IRAN: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | IRAN: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      6. 8.6 Kuwait

        $178.00

        1. Table | KUWAIT: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | KUWAIT: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      7. 8.7 Libya

        $191.00

        1. Table | LIBYA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | LIBYA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      8. 8.8 Nigeria

        $210.00

        1. Table | NIGERIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | NIGERIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      9. 8.9 Qatar

        $188.00

        1. Table | QATAR: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | QATAR: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      10. 8.10 Saudi Arabia

        $217.00

        1. Table | SAUDI ARABIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | SAUDI ARABIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      11. 8.11 United Arab Emirates

        $175.00

        1. Table | UNITED ARAB EMIRATES: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED ARAB EMIRATES: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      12. 8.12 Other Africa/Mideast

        $192.00

        1. Table | OTHER AFRICA/MIDEAST: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER AFRICA/MIDEAST: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

    9. 9 ASIA/PACIFIC

      $1,799.00

      1. 9.1 Asia/Pacific: General

        $90.00

      2. 9.2 Asia/Pacific: Supply & Demand

        $82.00

        1. Table | ASIA/PACIFIC: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 9.3 Asia/Pacific: Outlook

        $82.00

        1. Table | ASIA/PACIFIC: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      4. 9.4 Australia

        $191.00

        1. Table | AUSTRALIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million US dollars)

        2. Table | AUSTRALIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million US dollars)

      5. 9.5 China

        $362.00

        1. Table | CHINA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | CHINA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      6. 9.6 India

        $233.00

        1. Table | INDIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | INDIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      7. 9.7 Indonesia

        $220.00

        1. Table | INDONESIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | INDONESIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      8. 9.8 Kazakhstan

        $211.00

        1. Table | KAZAKHSTAN: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | KAZAKHSTAN: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      9. 9.9 Malaysia

        $212.00

        1. Table | MALAYSIA: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | MALAYSIA: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

      10. 9.10 Other Asia/Pacific

        $169.00

        1. Table | OTHER ASIA/PACIFIC: OILFIELD EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER ASIA/PACIFIC: OILFIELD EQUIPMENT DEMAND BY PRODUCT (million dollars)

    10. 10 INDUSTRY STRUCTURE

      $6,138.00

      1. 10.1 General

        $82.00

      2. 10.2 Industry Composition

        $104.00

        1. Table | WORLD OILFIELD EQUIPMENT SALES BY COMPANY, 2011 (million dollars)

      3. 10.3 Market Share

        $245.00

      4. 10.4 Product Development & Manufacturing

        $218.00

      5. 10.5 Marketing & Distribution

        $82.00

      6. 10.6 Financial Requirements

        $92.00

      7. 10.7 Cooperative Agreements

        $86.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 10.8 Mergers & Acquisitions

        $195.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 10.9 Company Profiles

        $5,660.00

        1. 10.9.1 Aker Solutions ASA

          $275.00

        2. 10.9.2 Atlas Copco AB

          $121.00

        3. 10.9.3 Baker Hughes Incorporated

          $315.00

        4. 10.9.4 Cameron International Corporation

          $351.00

        5. 10.9.5 Dover Corporation

          $310.00

        6. 10.9.6 Ebara Corporation

          $128.00

        7. 10.9.7 Emerson Electric Company

          $169.00

        8. 10.9.8 Flowserve Corporation

          $214.00

        9. 10.9.9 Foster Wheeler AG

          $132.00

        10. 10.9.10 General Electric Company

          $208.00

        11. 10.9.11 Halliburton Company

          $283.00

        12. 10.9.12 Ingersoll-Rand plc

          $82.00

        13. 10.9.13 ITT Corporation

          $157.00

        14. 10.9.14 KITZ Corporation

          $113.00

        15. 10.9.15 KSB AG

          $256.00

        16. 10.9.16 National Oilwell Varco Incorporated

          $585.00

        17. 10.9.17 Rowan Companies plc

          $82.00

        18. 10.9.18 Sandvik AB

          $88.00

        19. 10.9.19 Schlumberger Limited

          $433.00

        20. 10.9.20 Schoeller-Bleckmann Oilfield Equipment AG

          $185.00

        21. 10.9.21 Sulzer Limited

          $129.00

        22. 10.9.22 Technip SA

          $111.00

        23. 10.9.23 Tenaris SA

          $181.00

        24. 10.9.24 Tyco International Limited

          $178.00

        25. 10.9.25 Vallourec SA

          $228.00

        26. 10.9.26 Weatherford International Limited

          $372.00

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