GLOBAL OIL AND GAS FIELD EQUIPMENT AND INFRASTRUCTURE INDUSTRY

Global Oil and Gas Field Equipment and Infrastructure Industry

Deepwater test drilling technology and subsea separation and compression technologies are expected be the chief drivers for global oil and gas field equipment and infrastructure industry market growth. The industry experienced a robust growth over the last five years and is expected to continue its growth momentum reaching approximately $217.9 billion in 2017 with a CAGR of 8.7% over next five years (2012-2017).

Lucintel, a leading global management consulting and market research firm, has analyzed the global oil and gas field equipment and infrastructure industry and presents its findings in “Global Oil and Gas Field Equipment and Infrastructure Industry 2012-2017:Trend, Profit and Forecast Analysis.”

The global oil and gas field equipment and infrastructure industry is highly fragmented. North America dominates this market. A combination of factors such as strong oil prices and exploration and production budget is seen to affect market dynamics considerably. The demand for equipment and infrastructure is expected to grow significantly because of increasing drilling activity in shale gas formations and an increase in pipeline construction activity.

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