Global oilfield equipment market value 2014-2020

The value of the global oilfield equipment market is expected to amount to 211 billion U.S. dollars in 2020. This would be lower than the market value reached in 2016 during the last oil price crash. The decline is a result of the oil crisis following a drastic fall in consumer demand due to the coronavirus pandemic and production increases by Saudi Arabia and Russia in a bid to gain greater market shares.

预计2020年全球油田设备市场规模将达到2110亿美元。这一数值低于2016年上一次油价暴跌期间所达到的市场价值。此次下滑是由冠状病毒大流行引发的消费者需求急剧下降所导致的石油危机所致，沙特阿拉伯和俄罗斯为争夺更大的市场份额而增加产量。