Lucintel EstimatesGlobal Oil and Gas Field Equipment and Services Industry to Reach $613 Billion in 2017

September 13, 2012

Lucintel EstimatesGlobal Oil and Gas Field Equipment and Services Industry to Reach $613 Billion in 2017

Irving, TX (PRWEB) September 12, 2012

The global oil and gas field equipment and services industry has experienced steady growth over the last five years, and it is expected to continue its solid upward momentum, reaching approximately US $613billion in 2017 with a CAGR of 6.9% over the next five years.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the global oil and gas field equipment and service providers and presents its findings in “Top 5 Global Oil and Gas Field Equipment & Services Companies: Performance, Strategies, and Competitive Analysis.

The report provides insight into the performance of the top five oil and gas field equipment and service companies in the world. The analysis highlights the companies that are performing the best among their peer group and in which specific areas, clarifies leading performance standards, and highlights the strengths and weaknesses of the companies covered.

The oil and gas equipment and services industry, which is considered fragmented,comprises exploration and evaluation, well completion and production, equipment and infrastructure, and drilling-related services.In this study, Lucintel profiles the following five companies with detailed competitive assessments:

  •     Baker Hughes Inc.    
  •     Halliburton            
  •     National Oilwell Varco, Inc.        
  •     Saipem S.p.A            
  •     Schlumberger Limited    

Companies that provide oil and gas field equipment and services are approaching market opportunities with starkly different strategies. Lucintel´s research indicates that North America presents the greatest growth potential during the forecast period.Asia Pacific is currently a small industry, but with an improving economy, good growth potential exists due to the discovery of new reserves.

This study is intended to provide industry leaders with a competitive benchmarking of the world´s top five oil and gas field equipment and service companies. The study provides up-to-date information on market share, profit margins, capabilities, and strategies of the leaders. The report can help current suppliers realistically assess their capabilities and strategies versus leading competitors. It is designed to provide executives with strategically significant competitor information, data, analysis, and insight, all of which are critical to the development and implementation of effective marketing and sales plans.

For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors’ questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/9/prweb9864973.htm

Source: prweb

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