Oilfield Equipment

The global oilfield equipment market is forecast to reach a market size of $ 144 Bn by 2027. The COVID-19 pandemic has severely impacted the oilfield equipment industry, as well as other industries. The rapid spread of the virus has caused a drop in demand and henceforth, crude oil prices. North America accounted for the largest revenue share in the global oilfield equipment market in 2019, due to increasing shale oil exploration activities in the region. Also, increasing off-shore rig count and oil and gas production activities in the US are causative of growing market demand. Although largely North American market creates great impact on overall Oilfield Equipment Industry, every region has its own challenges in-terms of Costs, Development Cycles, Quality of Parts, Service & Maintenance.

Expert Global has experience supporting Product Development, Engineering, Data Management, Digitalisation of large variety of Oilfield equipment and Service-maintenance industry. We add value with quick turnaround and help with quick adoption of latest connected technology