Global Oil and Gas Services Supply, Demand and Key Producers, 2026-2032

The global Oil and Gas Services market size is expected to reach $ 250500 million by 2032, rising at a market growth of 2.9% CAGR during the forecast period (2026-2032).

Oil and gas services refer to a wide range of specialized activities, products, and solutions provided to support the exploration, production, transportation, and refining of oil and natural gas resources. These services are essential for the entire oil and gas industry value chain, from the initial exploration and drilling stages to the final delivery of refined products to consumers. Oil and gas services encompass a diverse set of activities, including engineering, technical expertise, equipment rental, consulting, and more.

Geopolitics and energy security are key drivers. For example, the increasing push for energy independence in various countries can spur investment in domestic oil and gas production.

Market growth is also tied to the demand from emerging economies in Asia-Pacific, Africa, and Latin America, where oil and gas reserves are still underexplored.

The market for oil and gas services related to sustainability is expanding, particularly as companies seek to lower emissions, improve efficiency, and invest in cleaner technologies.

Carbon capture, utilization, and storage (CCUS) services are gaining traction, alongside services supporting the shift to cleaner fuels and renewable energy integration (e.g., hydrogen, biofuels).

This report studies the global Oil and Gas Services demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Oil and Gas Services, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Oil and Gas Services that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Oil and Gas Services total market, 2021-2032, (USD Million)

Global Oil and Gas Services total market by region & country, CAGR, 2021-2032, (USD Million)

U.S. VS China: Oil and Gas Services total market, key domestic companies, and share, (USD Million)

Global Oil and Gas Services revenue by player, revenue and market share 2021-2026, (USD Million)

Global Oil and Gas Services total market by Type, CAGR, 2021-2032, (USD Million)

Global Oil and Gas Services total market by Application, CAGR, 2021-2032, (USD Million)

This report profiles major players in the global Oil and Gas Services market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SLB, Halliburton, BHGE, Sinopec Oilfield Service Corporation, NOV, COSL, Weatherford, TechnipFMC, Patterson-UTI, Saipem, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Oil and Gas Services market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Oil and Gas Services Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Oil and Gas Services Market, Segmentation by Type:
Oil and Gas Exploration
Oil and Gas Transportation And Storage
Oil and Gas Production And Processing
Oil and Gas Waste Treatment
Others

Global Oil and Gas Services Market, Segmentation by Application:
Onshore Oil and Gas
Offshore Oil and Gas

Companies Profiled:
SLB
Halliburton
BHGE
Sinopec Oilfield Service Corporation
NOV
COSL
Weatherford
TechnipFMC
Patterson-UTI
Saipem
WORLEY
Nabors
Liberty Energy
Helmerich & Payne
Transocean
Petrofac
Jierui Group
Calfrac Well Services
VALARIS
RPC
KCA Deutag
Expro
Archer
NATIONAL ENERGY
SERVICES REUNITED
ADES
Trican Well Service
Ranger Energy Services
Key Energy Services

Key Questions Answered

1. How big is the global Oil and Gas Services market?

2. What is the demand of the global Oil and Gas Services market?

3. What is the year over year growth of the global Oil and Gas Services market?

4. What is the total value of the global Oil and Gas Services market?

5. Who are the Major Players in the global Oil and Gas Services market?

6. What are the growth factors driving the market demand? Show more