Asia-Pacific Oilfield Services Market is Estimated to Grow at a CAGR of 4.0%

Date: 2015-08-09

“In this report, the oilfield services market has been segmented on the basis of its type, application, and geography. This market has been segmented based on the major countries into Asia-Pacific, such as China, Indonesia, Thailand, Australia, India, and others. Based on application, the market has been segmented into onshore and offshore.

The Asia-Pacific oilfield services market is estimated to grow at a CAGR of 4.0% from 2014 to 2019. China contributed the largest share of 45.8% to the Asia-Pacific oilfield services market in 2014, and the oilfield services market in the country is projected to grow at the CAGR of 3.3% from 2014 to 2019.  

The report has profiled the leading players of the market along with the relevant developments (that include new product launches, mergers & acquisitions, expansions and partnerships, agreements, collaborations, and joint ventures) by the companies over the past few years and strategies adopted by them to sustain and strengthen their position in the Asia-Pacific oilfield services market. The major companies operating in the Asia-Pacific oilfield services market are Schlumberger Ltd. (U.S.), Weatherford International (Ireland), Baker Hughes Inc. (U.S.), National Oilwell Varco (U.S.), and Nabors Industries Ltd. (Bermuda).

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