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Oilfield Service Market Size, Share, Global Trend, By Strength And Geography Forecast Till 2026Rising adoption of automation technology by companies across the globe is propelling growth for the smart mining market says Fortune Business Insights in a report, titled “Smart Mining Market Size, Share and Global Trend By Type (Surface Mining, Underground Mining), By Component (Automated Equipment, Hardware, Software, Services) and Geography Forecast till 2026.” Digital transformation in mining is is enabling growth in the smart mining market.Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/smart-mining-market-100246Smart Innovation in Mining Will Contribute to GrowthThe technology used in the mining industry is changing due to the rising demand for enhanced safety, productivity, and sustainability. Companies around the world are adopting automated technologies in order to improve their operation and gain better control on real-time data. Mining companies are implementing smart technologies for mining and distribution of commodities for satisfying worldwide demand for natural resources. This factor is encouraging companies which in turn is driving the global smart mining market. Automation in smart mining increases the overall productivity and efficiency of mining, this factor is leading companies towards the implementation of automation in mining. In addition, acquisition by key players is further boosting the global smart mining market. For Instance, Australian based gold mining company, Resolute Mining, is building the world’s first fully automatic underground mine to begin production in South Africa which includes driverless trucks, loaders and drills at the DUS223 million.Higher Productivity in Smart Mining Will Facilitate Growth Smart mining market on the basis of type is segmented into, surface mining and underground mining, and automated equipment. Automated equipment is the most popular one due to its ability to evade unnecessary man hours by implying load haul dump, excavators, drill, breakers, and others, for extracting minerals laying on rock or soil. Underground mining is carried out to recover valuable metals such as silver, gold, diamond, nickel, minerals, and zinc. For safe and easy operation digitalization of mining activities are necessary. The use of hardware and software solutions, assisting in monitoring the overall mining with minimal labor-intensive interference is a factor propelling the growth of the global smart mining market. The application of automation in mining offers better control and higher productivity. This factor is fueling demand for smart mining among companies and enabling the growth of the global smart mining market. The advancement of technologies used in mining empowers employees, promotes safety and maintains a healthy environment by building a durable socio-economic relation which improves the overall growth of the company. The aforementioned factors along with the vibrant advantages of smart mining are predicted to promote the growth of the global smart mining market.For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/smart-mining-market-100246Segmentation1. By TypeSurface MiningUnderground Mining2. By ComponentAutomated EquipmentExcavatorLoad haul dumpRobotic truckDrillers and BreakersOthersHardwareSensorsRFID TagsIntelligent SystemsOthersSoftwareLogistics SoftwareData and Operation Management SoftwareConnectivity SolutionsAnalytics SolutionsRemote Management SolutionsAsset Management SolutionsOthersServicesSupport and MaintenanceSystem Integration and Implementation ServicesAutomated Training Equipment ServicesConsulting Services3. By GeographyNorth America (USA and Canada)Europe (UK, Germany, France, Switzerland, Spain, Russia and Rest of Europe)Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)Latin America (Brazil, Mexico and Rest of Latin America)Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/smart-mining-market-100246Key Market Driver –  Promote safety with higher productivityKey Market Restraint –  High capital investmentKey Industry DevelopmentsIn March 2019, ABB has launched a digital portfolio, AbilityTM MineOptimize, in a bid to optimize all stages in Indian mining sector.In August 2018, Australian based gold mining company, Resolute Mining, building a world’s first fully automatic underground mine to begin production in South Africa which includes driverless trucks, loaders and drills at the DUS223 million.In July 2018, Hitachi Construction Machinery will provide autonomous haulage system (AHS) to Australia’s largest coal miner, Whitehaven Coal. AHS will empower safety, productivity and life cycle cost management with optimization at mining sites.Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/smart-mining-market-100246Top Players Overview:CiscoSiemensABBRio TintoRockwell AutomationDeloitteTrimble Inc.Hitachi Construction MachineryKomatsu MiningCODELCO – Corporación Nacional del Cobre de ChileHitachiAn Overview of the Impact of COVID-19 on this Market:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Click here to get the short-term and long-term impact of COVID-19 on this Market.(Have a Look at Reports Trending in “Energy & Power” Industry)View Related Reports:Hydraulic Cylinders Market High Capita Expenditure And High Growth Rate Till 2026Kiosks Market Highlights By Type And End Users, Phenomenal Growth By Top Players Till 2026Mobile Virtual Network Operators Market: Coronavirus Impact – Key Takeaway? Fortune Business InsightsCyber Security Market: Growth Opportunities Created by Covid19 Outbrea? Fortune Business InsightsDiesel Generator Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business InsightsAbout UsFortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact UsFortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune – 411045, Maharashtra, India.PhoneUS :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email: [email protected] 

The global oilfield service market accounted for a value of USD 250 Bn in the year 2018 and is estimated to reach USD 330 Bn by 2026. The global market for “oilfield service is anticipated to post a steady CAGR of 3.7% during the forecast period. Fortune Business Insights recently published this information in a report, titled “Oilfield Service Market Size, Share and Global Trend by By Service (Seismic Service, Drilling Service, Completion & Workover Service Production Service, Processing & Separation Service, Others), By Application (Onshore, Offshore), and Geography Forecast till 2026.”

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oilfield-service-market-100174

The growing advancements in technology is the chief factor driving the oilfield service market. Several oilfield services across the world use these improved tools and technologies to enhance their E&P activities in offshore and onshore areas. The oil and gas (O&G) industry is presently thriving on account of rising population, which in turn, may enable growth in the oilfield services market at a steady rate.

Segmentation

1. By Service

  • Seismic Service
  • Drilling Service
  • Completion & Workover Service
  • Production Service
  • Processing & Separation Service

2. By Application

  • Onshore
  • Offshore

3. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Norway, Russia and Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Indonesia, Thailand and Rest of Asia Pacific)
  • Latin America (Argentina, Venezuela, Mexico, Brazil and Rest of Latin America)
  • Middle East & Africa (GCC, Algeria, Egypt, Nigeria and Rest of Middle East & Africa)

Key Companies Covered In The Reports

  • Schlumberger
  • Halliburton
  • National Oilwell Varco
  • SGS
  • Baker Hughes, a GE company
  • Transocean
  • Saipem
  • BJ Company
  • Petrofac
  • Oil States Industries
  • Weir Oil and Gas
  • COSL – China Oilfield Services Limited

Order full Report https://www.fortunebusinessinsights.com/checkout-page/100174

Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.

Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.

The increased spending on oil and gas across the world is another factor likely to drive the Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Market.

The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.

Key Industry Developments

  • In July 2019, i3 Energy PLC has awarded an oilfield service contract to Baker Hughes GE to carry out drilling at Liberator and Serinity assets in North Sea.
  • In March 2019, Petrofac achieved a milestone by securing D1 billion contract by Groupment Isarene for commissioning, engineering and procurement services related to the Ain Tsila project in Algeria.
  • In January 2019, Ex-CEO of Halliburton Dave Lesar who stepped down in May 2017 is planning to start an oilfield services company with funding from private equity firm CSL capital management.
  • In August 2018, Conglomerate Baker Hughes (GE) has been awarded a contract by Cairn Oil and Gas (Vedanta Subsidiary) for integrated oilfield services for the development of the Mangala, Bhagyam and Aishwarya (MBA) field in Rajasthan.

Regional Analysis:

As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to rising adoption of sedentary lifestyle in nations such as India and China.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/oilfield-service-market-100174

Table of Content

5. Global Oilfield Service Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings

5.2. Market Analysis, Insights and Forecast – By Service

5.2.1. Seismic Service

5.2.2. Drilling Service

5.2.3. Completion & Workover Service

5.2.4. Production Service

5.2.5. Processing & Separation Service

5.2.6. Others

5.3. Market Analysis, Insights and Forecast – By Application

5.3.1. Onshore

5.3.2. Offshore

5.4. Market Analysis, Insights and Forecast – By Region

5.4.1. North America

5.4.2. Europe

5.4.3. Asia Pacific

5.4.4. Middle East & Africa

5.4.5. Latin America

6. North America Oilfield Service Market Analysis, Insights and Forecast, 2015-2026

6.1. Key Findings

6.2. Market Analysis, Insights and Forecast – By Service

6.2.1. Seismic Service

6.2.2. Drilling Service

6.2.3. Completion & Workover Service

6.2.4. Production Service

6.2.5. Processing & Separation Service

6.2.6. Others

6.3. Market Analysis, Insights and Forecast – By Application

6.3.1. Onshore

6.3.2. Offshore

6.4. Market Analysis, Insights and Forecast – By Country

6.4.1. U.S.

6.4.2. Canada

7. Europe Oilfield Service Market Analysis, Insights and Forecast, 2015-2026

7.1. Key Findings

7.2. Market Analysis, Insights and Forecast – By Service

7.2.1. Seismic Service

7.2.2. Drilling Service

7.2.3. Completion & Workover Service

7.2.4. Production Service

7.2.5. Processing & Separation Service

7.2.6. Others

7.3. Market Analysis, Insights and Forecast – By Application

7.3.1. Onshore

7.3.2. Offshore

7.4. Market Analysis, Insights and Forecast – By Country

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Norway

7.4.6. Russia

7.4.7. Rest of Europe

TOC Continued……!

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

(Have a Look at Reports Trending in “Energy & Power” Industry)

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About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected] 

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