OCTG Share to Enhance in the Global Oilfield Services Market Trends

Continuously rising energy demand and revitalization of
aging of brown oil fields are the major drivers for the oilfield services
market. Additionally, the lucrative and high investment areas of subsea regions
such as the Gulf of Mexico, the North Sea, and new discoveries in West Africa
are expected to lead the exponential growth of the oilfield services market.
OCTG has the highest share followed by pressure pumping and well intervention
services.

 
The European market had a share of 8% in the global oilfield
services market. The total revenue generated by the European oilfield services
market was $13,381.6 million in 2013, which is expected to grow at a CAGR of
11.1% from 2014 to 2019, to reach $25,120.1 million by 2019. Pressure pumping
services has the highest share followed by OCTG and well intervention services.
Three countries, Norway, the U.K., and Russia majorly dominate the European oil
and gas industry. These three countries account for around 80% market value
share in 2014.

 
Browse through the market data tables, figures
and detailed ToC on the “Europe Oilfield Services Market”. 
http://www.micromarketmonitor.com/market/europe-oilfield-services-2113780210.html