Oilfield Equipment Industry: Major Manufacturers' Demand by Regions The Oilfield Equipment Industry has experienced significant growth, with a valuation of USD 120 billion in 2022. Projections indicate a substantial expansion, estimating the industry to reach USD 163 billion by 2030, reflecting a steady Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period from 2023 to 2030.
Oilfield equipment comprises a set of tools utilized for oil...