Oilfield Services Market by Size, Share, Forecasts | Trends 2020-2027
Oilfield Services Market The Oilfield Services Market is anticipated to grow at a significant CAGR during the forecast period (2020-2027). The factors driving the growth of Oilfield Services Market includes the increasing oil exploration activities, growing demand for oil field services in manufacturing and transportation sector and rising oil consumption levels across the world. As per the report published by Economic Times, the oil demand in India is expected to increase by 8.2%, to 5.15 million barrels per day in 2022, which will increase the Oilfield Services Market Size in Asia-Pacific. Moreover, the growing technological advancements such as directional drilling and hydraulic fracturing, which helps in enhancing the shale gas production and increasing focus on minimizing the oilfield service cost, are some of the factors, boosting the Oilfield Services Market Share . In addition, the discovery of new oil resources and growing population levels are set to increase the de...