The global Oilfield Equipment and Services (OFS) market size is predicted to grow from US$ 214670 million in 2025 to US$ 248810 million in 2031; it is expected to grow at a CAGR of 2.5% from 2025 to 2031.

The oilfield equipment and services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, i.e. the upstream sector of the energy industry. In general these companies are engaged in the manufacturing, repair, and maintenance of equipment used in oil extraction and transportation.

Products such as seismic testing, transport services, and directional services for horizontal drillers in addition to well construction, and production and completion services are generally what most would typically think when an oilfield services company comes to mind.

However, the range of products and services under the OFS umbrella is wide and include many technology-based services that are vital for successful field operations. Such services include locating energy sources, energy data management, drilling and formation evaluation, geological sciences, and many others.

Global Energy Demand: The continuous and growing global demand for energy, particularly in emerging economies, is a major driver. Oil and gas remain primary sources of energy, driving the need for efficient exploration, production, and extraction.

Technological Advancements: Ongoing advancements in technology are driving the development of innovative oilfield equipment and services. Enhanced drilling technologies, IoT integration, automation, robotics, and data analytics are leading to increased efficiency, safety, and cost-effectiveness in operations.

Infinity Market Research newest research report, the ?Oilfield Equipment and Services (OFS) Industry Forecast? looks at past sales and reviews total world Oilfield Equipment and Services (OFS) sales in 2024, providing a comprehensive analysis by region and market sector of projected Oilfield Equipment and Services (OFS) sales for 2025 through 2031. With Oilfield Equipment and Services (OFS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oilfield Equipment and Services (OFS) industry.

This Insight Report provides a comprehensive analysis of the global Oilfield Equipment and Services (OFS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Oilfield Equipment and Services (OFS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Oilfield Equipment and Services (OFS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oilfield Equipment and Services (OFS) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oilfield Equipment and Services (OFS).

This report presents a comprehensive overview, market shares, and growth opportunities of Oilfield Equipment and Services (OFS) market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Drilling Services
    Workover & Completion Services
    Production Services
    Processing & Separation Services
    Geophysical Services
    Other Services

Segmentation by Application:

    Onshore
    Offshore

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    Schlumberger
    Halliburton
    Baker Hughes (GE)
    Weatherford
    National Oilwell Varco
    TechnipFMC
    COSL
    Archer
    Expro
    Trican Well Service
    Basic Energy Services
    Nabors
    Pioneer Energy Services
    Saipem
    Patterson-UTI
    Liberty Oilfield Services
    Helmerich & Payne
    Calfrac Well Services
    Key Energy Services
    Welltec
    Transocean
    Petrofrac
    RPC
    AlMansoori
    ADES
    Eurasia Drilling
    KCA Deutag
    NexTier Oilfield Solutions