Market size
$7.10 bn (2026)
CAGR to 2030
+4.6%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth to 2030
Market size index, 2026 = 100, at the 4.6% CAGR.
Cost structure
40%
20%
15%
13%
12%
Regional demand split
35%
28%
15%
12%
10%
Key suppliers
SLBBaker Hughes CompanyTechnipFMC plcExpro GroupNOV Inc.Enerflex Ltd.
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