Offshore Oil and Gas Equipment Market Size to Hit USD 142.57 Billion by 2035

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Offshore Oil and Gas Equipment Market

5.1. COVID-19 Landscape: Offshore Oil and Gas Equipment Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Offshore Oil and Gas Equipment Market, By Equipment Type

8.1. Offshore Oil and Gas Equipment Market Revenue and Volume Forecast, by Equipment Type

8.1.1. Drilling Equipment (Rigs, Blowout Preventers)

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Production Equipment (Separators, Pumps)

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Subsea Systems (Trees, Umbilicals)

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Floating Production Systems (FPSO/FLNG)

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Others (Mooring, Pipelines)

8.1.5.1. Market Revenue and Volume Forecast

Chapter 9. Global Offshore Oil and Gas Equipment Market, By Water Depth

9.1. Offshore Oil and Gas Equipment Market Revenue and Volume Forecast, by Water Depth

9.1.1. Shallow Water

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Deepwater

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Ultra-Deepwater

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Offshore Oil and Gas Equipment Market, By Application

10.1. Offshore Oil and Gas Equipment Market Revenue and Volume Forecast, by Application

10.1.1. Production Wells

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Development Wells

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Exploration Wells

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Offshore Oil and Gas Equipment Market, By Component

11.1. Offshore Oil and Gas Equipment Market Revenue and Volume Forecast, by Component

11.1.1. Hardware/Mechanical

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Digital/Automation Software

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Maintenance & Services

11.1.3.1. Market Revenue and Volume Forecast

Chapter 12. Global Offshore Oil and Gas Equipment Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Equipment Type

12.1.2. Market Revenue and Volume Forecast, by Water Depth

12.1.3. Market Revenue and Volume Forecast, by Application

12.1.4. Market Revenue and Volume Forecast, by Component

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Equipment Type

12.1.5.2. Market Revenue and Volume Forecast, by Water Depth

12.1.5.3. Market Revenue and Volume Forecast, by Application

12.1.5.4. Market Revenue and Volume Forecast, by Component

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Equipment Type

12.1.6.2. Market Revenue and Volume Forecast, by Water Depth

12.1.6.3. Market Revenue and Volume Forecast, by Application

12.1.6.4. Market Revenue and Volume Forecast, by Component

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Equipment Type

12.2.2. Market Revenue and Volume Forecast, by Water Depth

12.2.3. Market Revenue and Volume Forecast, by Application

12.2.4. Market Revenue and Volume Forecast, by Component

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Equipment Type

12.2.5.2. Market Revenue and Volume Forecast, by Water Depth

12.2.5.3. Market Revenue and Volume Forecast, by Application

12.2.5.4. Market Revenue and Volume Forecast, by Component

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Equipment Type

12.2.6.2. Market Revenue and Volume Forecast, by Water Depth

12.2.6.3. Market Revenue and Volume Forecast, by Application

12.2.6.4. Market Revenue and Volume Forecast, by Component

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Equipment Type

12.2.7.2. Market Revenue and Volume Forecast, by Water Depth

12.2.7.3. Market Revenue and Volume Forecast, by Application

12.2.7.4. Market Revenue and Volume Forecast, by Component

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Equipment Type

12.2.8.2. Market Revenue and Volume Forecast, by Water Depth

12.2.8.3. Market Revenue and Volume Forecast, by Application

12.2.8.4. Market Revenue and Volume Forecast, by Component

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Equipment Type

12.3.2. Market Revenue and Volume Forecast, by Water Depth

12.3.3. Market Revenue and Volume Forecast, by Application

12.3.4. Market Revenue and Volume Forecast, by Component

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Equipment Type

12.3.5.2. Market Revenue and Volume Forecast, by Water Depth

12.3.5.3. Market Revenue and Volume Forecast, by Application

12.3.5.4. Market Revenue and Volume Forecast, by Component

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Equipment Type

12.3.6.2. Market Revenue and Volume Forecast, by Water Depth

12.3.6.3. Market Revenue and Volume Forecast, by Application

12.3.6.4. Market Revenue and Volume Forecast, by Component

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Equipment Type

12.3.7.2. Market Revenue and Volume Forecast, by Water Depth

12.3.7.3. Market Revenue and Volume Forecast, by Application

12.3.7.4. Market Revenue and Volume Forecast, by Component

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Equipment Type

12.3.8.2. Market Revenue and Volume Forecast, by Water Depth

12.3.8.3. Market Revenue and Volume Forecast, by Application

12.3.8.4. Market Revenue and Volume Forecast, by Component

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Equipment Type

12.4.2. Market Revenue and Volume Forecast, by Water Depth

12.4.3. Market Revenue and Volume Forecast, by Application

12.4.4. Market Revenue and Volume Forecast, by Component

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Equipment Type

12.4.5.2. Market Revenue and Volume Forecast, by Water Depth

12.4.5.3. Market Revenue and Volume Forecast, by Application

12.4.5.4. Market Revenue and Volume Forecast, by Component

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Equipment Type

12.4.6.2. Market Revenue and Volume Forecast, by Water Depth

12.4.6.3. Market Revenue and Volume Forecast, by Application

12.4.6.4. Market Revenue and Volume Forecast, by Component

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Equipment Type

12.4.7.2. Market Revenue and Volume Forecast, by Water Depth

12.4.7.3. Market Revenue and Volume Forecast, by Application

12.4.7.4. Market Revenue and Volume Forecast, by Component

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Equipment Type

12.4.8.2. Market Revenue and Volume Forecast, by Water Depth

12.4.8.3. Market Revenue and Volume Forecast, by Application

12.4.8.4. Market Revenue and Volume Forecast, by Component

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Equipment Type

12.5.2. Market Revenue and Volume Forecast, by Water Depth

12.5.3. Market Revenue and Volume Forecast, by Application

12.5.4. Market Revenue and Volume Forecast, by Component

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Equipment Type

12.5.5.2. Market Revenue and Volume Forecast, by Water Depth

12.5.5.3. Market Revenue and Volume Forecast, by Application

12.5.5.4. Market Revenue and Volume Forecast, by Component

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Equipment Type

12.5.6.2. Market Revenue and Volume Forecast, by Water Depth

12.5.6.3. Market Revenue and Volume Forecast, by Application

12.5.6.4. Market Revenue and Volume Forecast, by Component

Chapter 13. Company Profiles

13.1. Schlumberger (SLB) (USA)

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial PerEquipment Typeance

13.1.4. Recent Initiatives

13.2. Baker Hughes (USA)

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial PerEquipment Typeance

13.2.4. Recent Initiatives

13.3. Halliburton (USA)

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial PerEquipment Typeance

13.3.4. Recent Initiatives

13.4. TechnipFMC plc (UK)

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial PerEquipment Typeance

13.4.4. Recent Initiatives

13.5. National Oilwell Varco (NOV Inc.) (USA)

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial PerEquipment Typeance

13.5.4. Recent Initiatives

13.6. Aker Solutions (Norway)

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial PerEquipment Typeance

13.6.4. Recent Initiatives

13.7. Saipem S.p.A. (Italy)

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial PerEquipment Typeance

13.7.4. Recent Initiatives

13.8. Subsea 7 S.A. (Luxembourg/UK)

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial PerEquipment Typeance

13.8.4. Recent Initiatives

13.9. Weatherford International (USA)

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial PerEquipment Typeance

13.9.4. Recent Initiatives

13.10. Valaris Limited (Bermuda)

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial PerEquipment Typeance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

Answer : The offshore oil and gas equipment market size is expected to increase from USD 95.03 billion in 2025 to USD 142.57 billion by 2035.

Answer : The offshore oil and gas equipment market is expected to grow at a compound annual growth rate (CAGR) of around 4.14% from 2026 to 2035.

Answer : The major players in the offshore oil and gas equipment market include Schlumberger (SLB) (USA), Baker Hughes (USA), Halliburton (USA), TechnipFMC plc (UK), National Oilwell Varco (NOV Inc.) (USA), Aker Solutions (Norway), Saipem S.p.A. (Italy), Subsea 7 S.A. (Luxembourg/UK), Weatherford International (USA), Valaris Limited (Bermuda), Noble Corporation (USA), Transocean Ltd. (Switzerland), China Oilfield Services Limited (COSL) (China), Dril-Quip, Inc. (USA), Odfjell Drilling (Norway)

Answer : The driving factors of the offshore oil and gas equipment market are the global energy demand, increased offshore exploration activities, and rising investments in deepwater and ultra-deepwater drilling technologies.

Answer : North America region will lead the global offshore oil and gas equipment market during the forecast period 2026 to 2035.