Oil & Gas Field Equipment Manufacturing Industry
Insights from D&B Hoovers

Industry Analysis


Companies in this industry manufacture machinery and equipment used in oil and gas exploration and production, as well as water well drilling machinery. Major companies include Baker Hughes, a GE Company (BHGE); National Oilwell Varco; and Schlumberger (all based in the US); along with Nabors Industries (Bermuda); Shandong Kerui Petroleum Equipment (China); Technipfmc (UK); and Weatherford International (Ireland).

Competitive Landscape

Demand is driven by oil and gas prices. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The US industry is highly concentrated: the top 50 companies account for about 80% of revenue.

Products, Operations & Technology

Major products include drill bits, drilling pipe, drilling motors, derricks, valves, portable rigs, well monitoring instruments, tubing, wellheads, blowout preventers, wireline systems, and oil and gas separators. Many companies also offer a line of oil and gas field services. Such services may include drilling, well completions, geological and drilling surveillance, and artificial lift services (pumps and other systems used to lift oil when a well no longer flows by itself).

Geographic Segmentation

See where the Oil & Gas Field Equipment Manufacturing industry is concentrated geographically and research companies by financials and key corporate data.
Top Oil & Gas Field Equipment Manufacturing Companies:
20705.0M | United States
20705.0M | United States
3691.808228M | Australia
3313.873722M | Italy
2464.187014M | Italy
1899.996M | United States
1700.0M | United States
1619.0M | United States
1411.78M | United Arab Emirates
1345.48202M | United States
1133.871M | Singapore
1129.424M | United Arab Emirates
1118.643476M | Canada
1060.020984M | United States
967.191343M | Australia
827.569274M | United States
810.504907M | Germany
691.179211M | Singapore
528.511924M | United States
518.76114M | Hong Kong
512.476M | United States

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