The Oil And Gas Supporting Activities Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Oil And Gas Supporting Activities Market?
The historical growth trend in the Oil And Gas Supporting Activities Global Market Report 2025 market indicates a significant increase in market size. The numbers went up from $313.44 billion in 2024 to an expected value of $334.92 billion in 2025. The Compound Annual Growth Rate (CAGR) was noted to be 6.9% during this period.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Oil And Gas Supporting Activities Industry?
The market size for oil and gas supporting activities is projected to reach $414.05 billion in 2029, with a compound annual growth rate (CAGR) of 5.4%.
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What are the Key Growth Drivers Fueling the Oil And Gas Supporting Activities Market?
The key drivers in the oil and gas supporting activities market are:
• Increasing focus on ESG (Environmental, Social, and Governance) considerations
• Influence of government policies and climate agendas
• Advancements and developments in infrastructure
• Impact of market volatility on industry dynamics
Global Market Segmentation: Identifying Major Oil And Gas Supporting Activities Industry Segments
The oil and gas supporting activities market covered in this report is segmented –
1) By Type: Well Maintenance, Exploration, Well Developing
2) By Drilling Type: Offshore, Onshore
3) By End-Users: Crude Petroleum Comprises, Natural Gas Extraction Comprises
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What are the Emerging Trends Shaping the Future of the Oil And Gas Supporting Activities Market?
The key trends in the oil and gas supporting activities market are:
• Energy transition and diversification are a paramount up-and-coming trend.
• Digitalization and data analytics are playing a large role in shaping the market's future.
• The market is being shaped by advances in hydraulic fracturing and unconventional resources.
• Carbon management and emissions reduction are becoming increasingly important trends.
Who Are the Top Competitors & Leading Players in the Oil And Gas Supporting Activities Market?
Major companies in the oil and gas supporting activities market are:
• Schlumberger Ltd
• TechnipFMC plc
• Saipem S.p.A.
• Halliburton
• Weatherford International plc
• Petrofac Ltd
• Aibel
• Calfrac Well Services Ltd.
• Patterson-UTI Energy Inc.
• Trican Well Service Ltd
• Baker Hughes Company
• National Oilwell Varco
• TechnipFMC
• Subsea 7 S.A
• Wood PLC
• Transocean
• McDermott International
• Oceaneering International
• Archer
• John Wood Group
• Seadrill
• MRC Global
• Tidewater
• Aker Solutions
• GulfMark Offshore
• Helix Energy Solutions Group
• Core Laboratories
• ProPetro Holding Corp.
• Expro Group
• Bristow Group
• Precision Drilling
• Superior Energy Services
• Helmerich & Payne
• RPC Inc.
Regional Dominance: Which Area Leads the Global Oil And Gas Supporting Activities Market?
North America was the largest region in the oil and gas supporting activities market in 2023
