Selected research
Industry Research
Oil and Gas Upstream Equipment Industry Research Report 2026
Market perspective
The global Oil and Gas Upstream Equipment market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Oil and Gas Upstream Equipment market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Oil and Gas Upstream Equipment market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Oil and Gas Upstream Equipment market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Oil and Gas Upstream Equipment include Aker Solutions ASA, Archer Ltd., Atlas Copco AB, AXON Pressure Products Inc., Dril Quip Inc., Evolution Oil Tools Inc., Flowserve Corp., Forum Energy Technologies Inc. and General Electric Co., among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Oil and Gas Upstream Equipment market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Oil and Gas Upstream Equipment.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Oil and Gas Upstream Equipment Market by Company
Aker Solutions ASA
Archer Ltd.
Atlas Copco AB
AXON Pressure Products Inc.
Dril Quip Inc.
Evolution Oil Tools Inc.
Flowserve Corp.
Forum Energy Technologies Inc.
General Electric Co.
Geometrics Inc.
Halliburton Co.
Helmerich and Payne Inc.
Loews Corp.
NOV Inc.
Ramboll Group AS
Schlumberger Ltd.
Seadrill Ltd.
Siemens AG
SPX FLOW Inc.
Weatherford International Plc
Oil and Gas Upstream Equipment Segment by Type
Exploration Equipments
Drilling Equipments
Extraction Equipments
Oil and Gas Upstream Equipment Segment by Application
Offshore
Onshore
Oil and Gas Upstream Equipment Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Oil and Gas Upstream Equipment market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Oil and Gas Upstream Equipment and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Oil and Gas Upstream Equipment.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Oil and Gas Upstream Equipment companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Exploration Equipments
- Drilling Equipments
- Extraction Equipments
Applications
- Offshore
- Onshore
Companies covered
- Aker Solutions ASA
- Archer Ltd.
- Atlas Copco AB
- AXON Pressure Products Inc.
- Dril Quip Inc.
- Evolution Oil Tools Inc.
- Flowserve Corp.
- Forum Energy Technologies Inc.
- General Electric Co.
- Geometrics Inc.
- Halliburton Co.
- Helmerich and Payne Inc.
- Loews Corp.
- NOV Inc.
- Ramboll Group AS
- Schlumberger Ltd.
- Seadrill Ltd.
- Siemens AG
- SPX FLOW Inc.
- Weatherford International Plc
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Oil and Gas Upstream Equipment by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Exploration Equipments
- 2.2.3 Drilling Equipments
- 2.2.4 Extraction Equipments
- 2.3 Oil and Gas Upstream Equipment by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Offshore
- 2.3.3 Onshore
- 2.4 Assumptions and Limitations
3 Oil and Gas Upstream Equipment Breakdown Data by Type
- 3.1 Global Oil and Gas Upstream Equipment Historic Market Size by Type (2021-2026)
- 3.2 Global Oil and Gas Upstream Equipment Forecasted Market Size by Type (2027-2032)
4 Oil and Gas Upstream Equipment Breakdown Data by Application
- 4.1 Global Oil and Gas Upstream Equipment Historic Market Size by Application (2021-2026)
- 4.2 Global Oil and Gas Upstream Equipment Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Oil and Gas Upstream Equipment Market Perspective (2021-2032)
- 5.2 Global Oil and Gas Upstream Equipment Growth Trends by Region
- 5.2.1 Global Oil and Gas Upstream Equipment Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Oil and Gas Upstream Equipment Historic Market Size by Region (2021-2026)
- 5.2.3 Oil and Gas Upstream Equipment Forecasted Market Size by Region (2027-2032)
- 5.3 Oil and Gas Upstream Equipment Market Dynamics
- 5.3.1 Oil and Gas Upstream Equipment Industry Trends
- 5.3.2 Oil and Gas Upstream Equipment Market Drivers
- 5.3.3 Oil and Gas Upstream Equipment Market Challenges
- 5.3.4 Oil and Gas Upstream Equipment Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Oil and Gas Upstream Equipment Players by Revenue
- 6.1.1 Global Top Oil and Gas Upstream Equipment Players by Revenue (2021-2026)
- 6.1.2 Global Oil and Gas Upstream Equipment Revenue Market Share by Players (2021-2026)
- 6.2 Global Oil and Gas Upstream Equipment Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Oil and Gas Upstream Equipment Head Office and Area Served
- 6.4 Global Oil and Gas Upstream Equipment Players, Product Type & Application
- 6.5 Global Oil and Gas Upstream Equipment Manufacturers Established Date
- 6.6 Global Oil and Gas Upstream Equipment Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Oil and Gas Upstream Equipment Market Size (2021-2032)
- 7.2 North America Oil and Gas Upstream Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Oil and Gas Upstream Equipment Market Size by Country (2021-2026)
- 7.4 North America Oil and Gas Upstream Equipment Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Oil and Gas Upstream Equipment Market Size (2021-2032)
- 8.2 Europe Oil and Gas Upstream Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Oil and Gas Upstream Equipment Market Size by Country (2021-2026)
- 8.4 Europe Oil and Gas Upstream Equipment Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Oil and Gas Upstream Equipment Market Size (2021-2032)
- 9.2 Asia-Pacific Oil and Gas Upstream Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Oil and Gas Upstream Equipment Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Oil and Gas Upstream Equipment Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Oil and Gas Upstream Equipment Market Size (2021-2032)
- 10.2 South America Oil and Gas Upstream Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Oil and Gas Upstream Equipment Market Size by Country (2021-2026)
- 10.4 South America Oil and Gas Upstream Equipment Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Oil and Gas Upstream Equipment Market Size (2021-2032)
- 11.2 Middle East & Africa Oil and Gas Upstream Equipment Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Oil and Gas Upstream Equipment Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Oil and Gas Upstream Equipment Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Aker Solutions ASA
- 12.1.1 Aker Solutions ASA Company Information
- 12.1.2 Aker Solutions ASA Business Overview
- 12.1.3 Aker Solutions ASA Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.1.4 Aker Solutions ASA Oil and Gas Upstream Equipment Product Portfolio
- 12.1.5 Aker Solutions ASA Recent Developments
- 12.2 Archer Ltd.
- 12.2.1 Archer Ltd. Company Information
- 12.2.2 Archer Ltd. Business Overview
- 12.2.3 Archer Ltd. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.2.4 Archer Ltd. Oil and Gas Upstream Equipment Product Portfolio
- 12.2.5 Archer Ltd. Recent Developments
- 12.3 Atlas Copco AB
- 12.3.1 Atlas Copco AB Company Information
- 12.3.2 Atlas Copco AB Business Overview
- 12.3.3 Atlas Copco AB Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.3.4 Atlas Copco AB Oil and Gas Upstream Equipment Product Portfolio
- 12.3.5 Atlas Copco AB Recent Developments
- 12.4 AXON Pressure Products Inc.
- 12.4.1 AXON Pressure Products Inc. Company Information
- 12.4.2 AXON Pressure Products Inc. Business Overview
- 12.4.3 AXON Pressure Products Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.4.4 AXON Pressure Products Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.4.5 AXON Pressure Products Inc. Recent Developments
- 12.5 Dril Quip Inc.
- 12.5.1 Dril Quip Inc. Company Information
- 12.5.2 Dril Quip Inc. Business Overview
- 12.5.3 Dril Quip Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.5.4 Dril Quip Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.5.5 Dril Quip Inc. Recent Developments
- 12.6 Evolution Oil Tools Inc.
- 12.6.1 Evolution Oil Tools Inc. Company Information
- 12.6.2 Evolution Oil Tools Inc. Business Overview
- 12.6.3 Evolution Oil Tools Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.6.4 Evolution Oil Tools Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.6.5 Evolution Oil Tools Inc. Recent Developments
- 12.7 Flowserve Corp.
- 12.7.1 Flowserve Corp. Company Information
- 12.7.2 Flowserve Corp. Business Overview
- 12.7.3 Flowserve Corp. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.7.4 Flowserve Corp. Oil and Gas Upstream Equipment Product Portfolio
- 12.7.5 Flowserve Corp. Recent Developments
- 12.8 Forum Energy Technologies Inc.
- 12.8.1 Forum Energy Technologies Inc. Company Information
- 12.8.2 Forum Energy Technologies Inc. Business Overview
- 12.8.3 Forum Energy Technologies Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.8.4 Forum Energy Technologies Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.8.5 Forum Energy Technologies Inc. Recent Developments
- 12.9 General Electric Co.
- 12.9.1 General Electric Co. Company Information
- 12.9.2 General Electric Co. Business Overview
- 12.9.3 General Electric Co. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.9.4 General Electric Co. Oil and Gas Upstream Equipment Product Portfolio
- 12.9.5 General Electric Co. Recent Developments
- 12.10 Geometrics Inc.
- 12.10.1 Geometrics Inc. Company Information
- 12.10.2 Geometrics Inc. Business Overview
- 12.10.3 Geometrics Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.10.4 Geometrics Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.10.5 Geometrics Inc. Recent Developments
- 12.11 Halliburton Co.
- 12.11.1 Halliburton Co. Company Information
- 12.11.2 Halliburton Co. Business Overview
- 12.11.3 Halliburton Co. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.11.4 Halliburton Co. Oil and Gas Upstream Equipment Product Portfolio
- 12.11.5 Halliburton Co. Recent Developments
- 12.12 Helmerich and Payne Inc.
- 12.12.1 Helmerich and Payne Inc. Company Information
- 12.12.2 Helmerich and Payne Inc. Business Overview
- 12.12.3 Helmerich and Payne Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.12.4 Helmerich and Payne Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.12.5 Helmerich and Payne Inc. Recent Developments
- 12.13 Loews Corp.
- 12.13.1 Loews Corp. Company Information
- 12.13.2 Loews Corp. Business Overview
- 12.13.3 Loews Corp. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.13.4 Loews Corp. Oil and Gas Upstream Equipment Product Portfolio
- 12.13.5 Loews Corp. Recent Developments
- 12.14 NOV Inc.
- 12.14.1 NOV Inc. Company Information
- 12.14.2 NOV Inc. Business Overview
- 12.14.3 NOV Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.14.4 NOV Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.14.5 NOV Inc. Recent Developments
- 12.15 Ramboll Group AS
- 12.15.1 Ramboll Group AS Company Information
- 12.15.2 Ramboll Group AS Business Overview
- 12.15.3 Ramboll Group AS Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.15.4 Ramboll Group AS Oil and Gas Upstream Equipment Product Portfolio
- 12.15.5 Ramboll Group AS Recent Developments
- 12.16 Schlumberger Ltd.
- 12.16.1 Schlumberger Ltd. Company Information
- 12.16.2 Schlumberger Ltd. Business Overview
- 12.16.3 Schlumberger Ltd. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.16.4 Schlumberger Ltd. Oil and Gas Upstream Equipment Product Portfolio
- 12.16.5 Schlumberger Ltd. Recent Developments
- 12.17 Seadrill Ltd.
- 12.17.1 Seadrill Ltd. Company Information
- 12.17.2 Seadrill Ltd. Business Overview
- 12.17.3 Seadrill Ltd. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.17.4 Seadrill Ltd. Oil and Gas Upstream Equipment Product Portfolio
- 12.17.5 Seadrill Ltd. Recent Developments
- 12.18 Siemens AG
- 12.18.1 Siemens AG Company Information
- 12.18.2 Siemens AG Business Overview
- 12.18.3 Siemens AG Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.18.4 Siemens AG Oil and Gas Upstream Equipment Product Portfolio
- 12.18.5 Siemens AG Recent Developments
- 12.19 SPX FLOW Inc.
- 12.19.1 SPX FLOW Inc. Company Information
- 12.19.2 SPX FLOW Inc. Business Overview
- 12.19.3 SPX FLOW Inc. Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.19.4 SPX FLOW Inc. Oil and Gas Upstream Equipment Product Portfolio
- 12.19.5 SPX FLOW Inc. Recent Developments
- 12.20 Weatherford International Plc
- 12.20.1 Weatherford International Plc Company Information
- 12.20.2 Weatherford International Plc Business Overview
- 12.20.3 Weatherford International Plc Revenue in Oil and Gas Upstream Equipment Business (2021-2026)
- 12.20.4 Weatherford International Plc Oil and Gas Upstream Equipment Product Portfolio
- 12.20.5 Weatherford International Plc Recent Developments
13 Report Conclusion
14 Disclaimer
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