Oilfield Equipment Market to reach USD 146.15 billion by 2032 with CAGR of 3.29%.

From GlobeNewswire: 2025-04-05 10:00:00

The Oilfield Equipment Market is set to reach USD 146.15 billion by 2032 with a CAGR of 3.29% driven by technological advancements like AI and IoT. The U.S. metering pumps market is projected to grow to USD 109.8 billion by 2032. Key players include ABB, Baker Hughes, and Halliburton. North America leads the market, while Asia-Pacific emerges as a key growth hub with increasing oil and gas exploration activities. In August 2023, Halliburton and PTTEP signed an MoU to co-innovate digital solutions for the energy sector in Thailand, Malaysia, and Vietnam. Oilfield equipment market trends and insights are reported, with a focus on segmentation by type and application. Regional analysis and company profiles are included, along with use cases and best practices. For full research report, visit the provided link. SNS Insider offers market research and consulting services to help clients make informed decisions in a constantly changing environment. Contact for more information or customization options.



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