Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 2.08 Billion

Market Size (2029)

USD 3.18 Billion

CAGR (2024-2029)

7.19%

Fastest Growing Segment

Atmospheric Degasser

Largest Market

North America

 

Market Overview

Global Oilfield Degasser Market was valued at USD 2.08 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 7.19% through 2029. The Oilfield Degasser market refers to the global industry involved in the manufacturing, distribution, and provision of specialized equipment designed for the removal of entrapped gases from drilling fluids within the oil and gas sector. This market addresses the crucial need for maintaining drilling efficiency, ensuring wellbore stability, and preventing hazardous situations during exploration and production activities. Oilfield degassers play a pivotal role in mitigating challenges associated with gas-cut mud, safeguarding drilling operations from issues like kicks and blowouts.

The market encompasses a diverse range of degassing technologies, from conventional vacuum degassers to advanced membrane and centrifugal degassers, tailored to meet the specific demands of various drilling environments and fluid compositions. Factors driving the Oilfield Degasser market include increasing exploration and production activities, stringent environmental regulations, a focus on operational efficiency, and the adoption of advanced drilling technologies. As the global oil and gas industry continues to evolve, the Oilfield Degasser market remains vital in ensuring the safety, efficiency, and environmental compliance of drilling operations.

Key Market Drivers

Increasing Exploration and Production Activities

The global Oilfield Degasser market is being driven by the surge in exploration and production activities in the oil and gas sector. As energy demand continues to rise globally, there is a growing emphasis on tapping into new oil and gas reserves. This has led to increased drilling activities in challenging environments, such as deepwater and unconventional reservoirs. However, these operations often encounter issues related to gas entrapped in drilling fluids, leading to the need for efficient degassing solutions.

Oilfield degassers play a crucial role in mitigating the challenges associated with gas-cut mud and preventing issues like kicks and blowouts during drilling operations. As exploration and production activities expand to more complex reservoirs, the demand for reliable degassing technologies is expected to rise, driving the growth of the global Oilfield Degasser market.

Stringent Environmental and Safety Regulations

The oil and gas industry is subject to stringent environmental and safety regulations globally. Governments and regulatory bodies are increasingly focusing on minimizing the environmental impact of oil and gas operations and ensuring the safety of personnel involved. Oilfield degassers contribute significantly to achieving these regulatory compliance goals by preventing the release of harmful gases into the atmosphere during drilling activities.

The implementation of environmental standards, such as those aimed at reducing methane emissions, has prompted oil and gas companies to invest in advanced degassing technologies. As regulations become more stringent, the demand for efficient degassers that can help operators comply with environmental and safety norms is expected to drive the growth of the Oilfield Degasser market.

Growing Focus on Operational Efficiency

In an era of cost optimization and operational efficiency, oil and gas companies are increasingly investing in technologies that enhance overall operational performance. Oilfield degassers contribute to operational efficiency by improving drilling fluid properties, reducing the risk of well control issues, and minimizing downtime associated with gas-related challenges.

Efficient degassing solutions not only enhance drilling operations but also contribute to cost savings by preventing costly incidents such as blowouts. As the industry places a growing emphasis on optimizing exploration and production processes, the demand for advanced degassing technologies is poised to rise, driving the global Oilfield Degasser market.

Rising Adoption of Advanced Drilling Technologies

The oil and gas industry is witnessing a shift towards advanced drilling technologies to access unconventional resources and improve overall drilling efficiency. With the adoption of technologies such as directional drilling and hydraulic fracturing, the challenges associated with gas entrapped in drilling fluids become more pronounced.

Oilfield degassers are integral to the success of these advanced drilling techniques, ensuring safe and efficient drilling operations. The increasing adoption of technologies that involve complex drilling environments is anticipated to fuel the demand for Oilfield Degassers, propelling the market's growth.

Expansion of Deepwater and Offshore Exploration

The global oil and gas industry is expanding its footprint into deepwater and offshore areas to access untapped hydrocarbon reserves. Deepwater and offshore exploration pose unique challenges, including increased pressure and temperature differentials, which can lead to gas-related issues during drilling.

Oilfield degassers play a critical role in addressing these challenges by effectively removing entrapped gases from drilling fluids. As the industry continues to explore deeper waters and offshore locations, the demand for reliable degassing solutions is expected to surge, driving the growth of the global Oilfield Degasser market.

Focus on Wellbore Stability and Reservoir Management

Maintaining wellbore stability is a key consideration in oil and gas drilling operations. Gas-cut mud can adversely affect wellbore stability, leading to issues such as stuck pipe and wellbore collapse. Oilfield degassers contribute to wellbore stability by efficiently removing gases, ensuring the integrity of the wellbore.

Reservoir management practices, including enhanced oil recovery techniques, often involve manipulating fluid properties in the reservoir. Degassing technologies play a vital role in optimizing fluid characteristics during these processes. As the industry places a growing emphasis on wellbore stability and reservoir management, the demand for Oilfield Degassers is expected to witness sustained growth, further propelling the market.

Government Policies are Likely to Propel the Market

Environmental Compliance and Emission Standards

Governments worldwide are increasingly recognizing the environmental impact of oil and gas exploration and production activities. In response, stringent environmental policies and emission standards are being implemented to regulate the industry. These policies aim to reduce the release of harmful gases, including methane, into the atmosphere during drilling operations.

Oilfield degassers play a crucial role in helping operators comply with these environmental regulations. By efficiently removing entrapped gases from drilling fluids, degassers contribute to minimizing greenhouse gas emissions. Governments are incentivizing the adoption of advanced degassing technologies through policies that encourage environmentally responsible practices in the oil and gas sector. This focus on environmental compliance is expected to shape the global Oilfield Degasser market as companies seek to align with these policies to ensure sustainable operations.

Safety Regulations and Well Control Measures

Governments across the globe are prioritizing the safety of oil and gas operations, given the inherent risks associated with drilling activities. Rigorous safety regulations and well control measures are being implemented to prevent incidents such as blowouts and well control failures. These policies mandate the use of technologies that enhance well control and minimize risks during drilling operations.

Oilfield degassers are integral to well control measures, preventing the buildup of gas in drilling fluids that can lead to hazardous situations. Government policies that emphasize safety standards are driving the adoption of advanced degassing technologies in the oil and gas industry. Compliance with these regulations is not only a legal requirement but also a crucial aspect of corporate responsibility. As a result, the Oilfield Degasser market is influenced by the evolving landscape of safety regulations.

Research and Development Incentives

Governments recognize the importance of technological innovation in addressing challenges in the oil and gas industry. To encourage research and development (R&D) in degassing technologies, various governments are offering incentives such as tax credits, grants, and subsidies. These incentives aim to stimulate innovation, improve operational efficiency, and address environmental concerns.

Companies involved in developing advanced Oilfield Degassers can benefit from government support for R&D activities. This policy-driven encouragement fosters a competitive landscape in the global market as companies strive to create cutting-edge solutions that align with the industry's evolving needs. As governments continue to prioritize technological advancements, the Oilfield Degasser market is expected to witness sustained growth driven by ongoing research and development initiatives.

Energy Security and Resource Maximization

Ensuring energy security is a key priority for governments globally, and maximizing the extraction of domestic hydrocarbon resources plays a crucial role in achieving this objective. Policies focused on energy security often emphasize the efficient exploration and production of oil and gas reserves. Oilfield degassers contribute to resource maximization by addressing challenges related to gas-cut mud, ensuring optimal drilling operations, and preventing disruptions.

Governments may implement policies that support the deployment of advanced degassing technologies to enhance resource recovery and minimize waste. By promoting the use of efficient degassers, governments aim to secure a stable and reliable energy supply while optimizing the utilization of domestic hydrocarbon reserves. These policies contribute to shaping the landscape of the global Oilfield Degasser market as companies align with national energy security objectives.

Technology Transfer and Local Content Requirements

In an effort to boost local economies and promote technology transfer, some governments implement policies that encourage the localization of oil and gas technologies. This includes requirements for a certain percentage of equipment and services to be sourced locally, promoting the development of indigenous capabilities in the oil and gas sector.

Oilfield degassers, being crucial components in drilling operations, are subject to these localization policies. Governments may stipulate that a certain portion of degassing technologies used in their jurisdiction should be manufactured or provided by local companies. These policies aim to create jobs, transfer technology know-how, and build a sustainable industry ecosystem. As a result, the Oilfield Degasser market is influenced by the need for companies to comply with local content requirements.

Trade and Export Regulations

Given the global nature of the oil and gas industry, governments often implement trade and export regulations to control the movement of technologies, equipment, and expertise. Policies related to export controls and trade restrictions can impact the international market for Oilfield Degassers.

Governments may place restrictions on the export of certain degassing technologies to countries with geopolitical concerns or environmental considerations. Conversely, policies promoting international cooperation and trade agreements can facilitate the exchange of degassing technologies between countries. The global Oilfield Degasser market is influenced by these trade and export regulations, shaping the dynamics of technology transfer and market access on a global scale.


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Key Market Challenges

Technological Complexity and Integration Issues

One significant challenge facing the global Oilfield Degasser market is the inherent technological complexity of advanced degassing systems and the associated integration issues. As the industry evolves and demands more sophisticated solutions to address diverse drilling environments and fluid compositions, the design and implementation of efficient degassing technologies become increasingly intricate.

Oilfield degassers must be capable of handling a variety of drilling fluids, including those used in challenging conditions such as deepwater drilling or unconventional reservoirs. The complexity arises from the need to design degassing systems that can effectively remove entrapped gases across a wide range of fluid properties and operating conditions. Achieving this level of versatility requires intricate engineering, innovative materials, and precise control mechanisms.

Integration issues further compound the challenge. Oilfield degassers need to seamlessly integrate with other drilling equipment and systems, including mud circulation systems, drilling rigs, and well control systems. Ensuring smooth interoperability is crucial for the overall efficiency and safety of drilling operations. However, achieving such integration can be challenging due to variations in equipment specifications, communication protocols, and operational parameters.

The industry is witnessing a transition towards digitalization and the incorporation of smart technologies. While these advancements offer opportunities for improved monitoring and control, they also introduce new challenges related to data compatibility, cybersecurity, and the need for skilled personnel to operate and maintain technologically advanced degassing systems. Overcoming these technological complexities and addressing integration challenges are critical for the widespread adoption of oilfield degassers, shaping the future trajectory of the global market.

Economic Uncertainty and Capital Expenditure Constraints

Another significant challenge facing the global Oilfield Degasser market is the impact of economic uncertainty and capital expenditure constraints within the oil and gas industry. The oil and gas sector is inherently cyclical, influenced by factors such as fluctuating oil prices, geopolitical tensions, and global economic conditions. During periods of economic downturns or market volatility, oil and gas companies often face budgetary constraints, leading to a reduction in capital expenditures.

Oilfield degassing technologies, being integral to drilling operations, are often included in capital expenditure plans. However, when companies face financial constraints or uncertainties about the future economic landscape, they may postpone or scale back investment in new equipment, including degassers. This reluctance to invest in capital-intensive technologies can result in delayed adoption of advanced degassing solutions and impact the overall growth of the Oilfield Degasser market.

Moreover, the oil and gas industry has witnessed a shift in focus towards cost optimization and operational efficiency in response to market dynamics. Companies are scrutinizing their expenditures and prioritizing short-term cost savings, which can impede the adoption of innovative degassing technologies that may have higher upfront costs but offer long-term benefits.

The challenge is further exacerbated by the extended project timelines characteristic of the oil and gas sector. Exploration and production projects often span several years, and the decision-making process for adopting new technologies can be protracted. Economic uncertainty during this period can lead to cautious decision-making and a conservative approach to technology adoption.

To navigate this challenge, companies in the Oilfield Degasser market must emphasize the economic value proposition of their solutions, demonstrating not only technological superiority but also cost-effectiveness and return on investment. Collaboration between technology providers and oil and gas operators to develop flexible financing options and leasing arrangements could also mitigate the impact of capital expenditure constraints, fostering a more resilient and adaptable market landscape.

Key Market Trends

Technological Advancements Driving Efficiency and Safety:

The Global Oilfield Degasser Market is witnessing a significant trend towards technological advancements aimed at enhancing efficiency and safety in oil and gas exploration and production operations. With the increasing complexity of drilling environments and the demand for higher productivity, oilfield operators are increasingly turning to advanced degassing technologies to optimize their operations.

One notable trend is the integration of automation and remote monitoring capabilities into degassing systems. Automation allows for real-time monitoring and control of degassing processes, enabling operators to make timely adjustments and optimize performance. This not only improves operational efficiency but also enhances safety by reducing the need for manual intervention in hazardous environments.

There is a growing focus on the development of degassing technologies that can handle a wide range of fluid compositions and operating conditions. This includes the ability to efficiently remove gas, such as methane, carbon dioxide, and hydrogen sulfide, from both oil-based and water-based drilling fluids. Advanced degassing systems are designed to operate effectively in high-pressure, high-temperature (HPHT) environments commonly encountered in deepwater and unconventional drilling operations.

Another key technological trend is the miniaturization and modularization of degassing equipment. Manufacturers are developing compact and portable degassing units that can be easily deployed on drilling rigs or offshore platforms. These modular systems offer greater flexibility and scalability, allowing operators to optimize degassing capacity based on the specific requirements of each drilling project.

There is a growing emphasis on the integration of environmental sustainability principles into degassing technologies. As the oil and gas industry faces increasing scrutiny over its environmental footprint, there is a growing demand for degassing solutions that minimize emissions and reduce the discharge of harmful pollutants into the atmosphere and surrounding ecosystems. This has led to the development of advanced degassing systems that utilize environmentally friendly materials and employ innovative techniques, such as vapor recovery and flare gas capture, to minimize environmental impact.

Technological advancements in the Global Oilfield Degasser Market are driving greater efficiency, safety, and environmental sustainability in oil and gas exploration and production operations. By embracing these trends, oilfield operators can optimize their degassing processes and enhance their competitive edge in a rapidly evolving industry landscape.

Segmental Insights

Type Insights

The Vacuum Tank Degasser segment held the largest Market share in 2023. Vacuum Tank Degassers are known for their efficiency in removing entrapped gases, including hydrocarbons and toxic gases, from drilling fluids. Their design and operation create a vacuum that facilitates the rapid degassing of fluids, ensuring effective removal of unwanted gases. Vacuum Tank Degassers are versatile and can handle a broad range of drilling fluid types, making them suitable for various drilling environments and fluid compositions. This adaptability is crucial as drilling conditions can vary significantly across different oil and gas fields. Vacuum Tank Degassers have a long history of successful application in the oil and gas industry. Their reliability and effectiveness in preventing issues such as kicks and blowouts during drilling operations have contributed to their widespread adoption. Vacuum Tank Degassers have become somewhat of an industry standard for degassing applications. Many drilling operations and rigs are equipped with these degassers due to their proven track record and established reputation for performance. In comparison to some other degassing technologies, Vacuum Tank Degassers are often considered cost-effective. Their relatively simple design and operational efficiency make them an attractive choice for companies looking to balance performance with cost considerations.


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Regional Insights

North America held the largest market share in the Global Oilfield Degasser Market in 2023. 

North America, particularly the United States and Canada, has a mature and well-established oil and gas industry with extensive drilling operations, particularly in shale plays such as the Permian Basin, Eagle Ford, and Bakken Formation. As a result, there is a high demand for equipment and services related to drilling and production operations, including degassing equipment. The presence of a mature oil and gas industry drives significant demand for oilfield degassers in North America.

North American companies are at the forefront of technological innovation in the oil and gas sector, including the development of advanced degassing equipment. These companies invest in research and development to improve the efficiency, performance, and reliability of degassers, making them more effective in removing entrained gas from drilling fluids and improving drilling operations. The availability of innovative degassing solutions enhances North America's dominance in the global market.

The shale revolution in North America has transformed the region's energy landscape, leading to a surge in unconventional oil and gas production. Shale formations typically have high gas content, which poses challenges during drilling operations, including the need for effective degassing equipment. The widespread adoption of hydraulic fracturing (fracking) techniques in shale plays has increased the demand for oilfield degassers in North America, further solidifying the region's dominance in the global market.

North America has stringent environmental regulations governing oil and gas operations, including regulations related to emissions of volatile organic compounds (VOCs) and greenhouse gases. Degassing equipment plays a critical role in reducing emissions of gases such as methane and volatile hydrocarbons during drilling and production activities. Compliance with environmental regulations drives the adoption of degassing solutions in North America, contributing to the region's dominance in the global market.

North America has a large installed base of oilfield equipment and infrastructure, including degassing units deployed across various drilling sites and production facilities. The replacement and upgrade of existing degassing equipment create ongoing demand for new and advanced degassing solutions in the region. North American companies benefit from servicing this installed base and supplying new equipment, strengthening their dominance in the global oilfield degasser market.

North America is home to several leading oilfield equipment manufacturers, service providers, and technology companies with extensive experience and expertise in the design, manufacturing, and deployment of degassing equipment. These companies compete globally by offering innovative solutions, comprehensive services, and responsive customer support. The competitive landscape and industry expertise of North American companies contribute to their dominance in the global oilfield degasser market.

Recent Developments

  • In October 2022, Weatherford International Plc. entered into a contract with Saudi Aramco to supply drilling and intervention services for the company's oil and gas operations. The agreement encompassed comprehensive planning and execution by Weatherford, including product lines and associated services. Over the duration of the three-year contract, Weatherford was tasked with servicing 45 wells annually.

 Key Market Players

  • NOV Inc.
  • Schlumberger Limited
  • Baker Hughes Company
  • Halliburton Energy Services Inc.
  • Weatherford International plc
  • Expro International Group Ltd
  • China Oilfield Services Limited
  • Welltec A/S
  • Cudd Energy Services, Inc.
  • GN Solids Control 

By Type

By Application

By Region

  • Vacuum Tank Degasser
  • Atmospheric Degasser
  • Onshore
  • Offshore
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Oilfield Degasser Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Oilfield Degasser Market, By Type:

o   Vacuum Tank Degasser

o   Atmospheric Degasser   

  • Oilfield Degasser Market, By Application:

o   Onshore

o   Offshore  

  • Oilfield Degasser Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oilfield Degasser Market.

Available Customizations:

Global Oilfield Degasser Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional Market players (up to five).

Global Oilfield Degasser Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.        Markets Covered

1.2.2.        Years Considered for Study

1.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.        Secondary Research

2.5.2.        Primary Research

2.6.  Approach for the Market Study

2.6.1.        The Bottom-Up Approach

2.6.2.        The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.        Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Oilfield Degasser Market Outlook

5.1.  Market Size & Forecast

5.1.1.        By Value

5.2.  Market Share & Forecast

5.2.1.        By Type (Vacuum Tank Degasser, Atmospheric Degasser)

5.2.2.        By Application (Onshore, Offshore)

5.2.3.        By Region

5.2.4.        By Company (2023)

5.3.  Market Map

6.    North America Oilfield Degasser Market Outlook

6.1.  Market Size & Forecast

6.1.1.        By Value

6.2.  Market Share & Forecast

6.2.1.        By Type

6.2.2.        By Application

6.2.3.        By Country

6.3.  North America: Country Analysis

6.3.1.        United States Oilfield Degasser Market Outlook

6.3.1.1.    Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.    Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By Application

6.3.2.        Canada Oilfield Degasser Market Outlook

6.3.2.1.    Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.    Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By Application

6.3.3.        Mexico Oilfield Degasser Market Outlook

6.3.3.1.    Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.    Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By Application

7.    Europe Oilfield Degasser Market Outlook

7.1.  Market Size & Forecast

7.1.1.        By Value

7.2.  Market Share & Forecast

7.2.1.        By Type

7.2.2.        By Application

7.2.3.        By Country

7.3.  Europe: Country Analysis

7.3.1.        Germany Oilfield Degasser Market Outlook

7.3.1.1.    Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.    Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Application

7.3.2.        United Kingdom Oilfield Degasser Market Outlook

7.3.2.1.    Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.    Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Application

7.3.3.        Italy Oilfield Degasser Market Outlook

7.3.3.1.    Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.    Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Application

7.3.4.        France Oilfield Degasser Market Outlook

7.3.4.1.    Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.    Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Application

7.3.5.        Spain Oilfield Degasser Market Outlook

7.3.5.1.    Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.    Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Application

8.    Asia-Pacific Oilfield Degasser Market Outlook

8.1.  Market Size & Forecast

8.1.1.        By Value

8.2.  Market Share & Forecast

8.2.1.        By Type

8.2.2.        By Application

8.2.3.        By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.        China Oilfield Degasser Market Outlook

8.3.1.1.    Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.    Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Application

8.3.2.        India Oilfield Degasser Market Outlook

8.3.2.1.    Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.    Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Application

8.3.3.        Japan Oilfield Degasser Market Outlook

8.3.3.1.    Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.    Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Application

8.3.4.        South Korea Oilfield Degasser Market Outlook

8.3.4.1.    Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.    Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Application

8.3.5.        Australia Oilfield Degasser Market Outlook

8.3.5.1.    Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.    Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Application

9.    South America Oilfield Degasser Market Outlook

9.1.  Market Size & Forecast

9.1.1.        By Value

9.2.  Market Share & Forecast

9.2.1.        By Type

9.2.2.        By Application

9.2.3.        By Country

9.3.  South America: Country Analysis

9.3.1.        Brazil Oilfield Degasser Market Outlook

9.3.1.1.    Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.    Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Application

9.3.2.        Argentina Oilfield Degasser Market Outlook

9.3.2.1.    Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.    Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Application

9.3.3.        Colombia Oilfield Degasser Market Outlook

9.3.3.1.    Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.    Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Application

10.  Middle East and Africa Oilfield Degasser Market Outlook

10.1.   Market Size & Forecast         

10.1.1.     By Value

10.2.   Market Share & Forecast

10.2.1.     By Type

10.2.2.     By Application

10.2.3.     By Country

10.3.   Middle East and Africa: Country Analysis

10.3.1.     South Africa Oilfield Degasser Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1.          By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1.          By Type

10.3.1.2.2.          By Application

10.3.2.     Saudi Arabia Oilfield Degasser Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1.          By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1.          By Type

10.3.2.2.2.          By Application

10.3.3.     UAE Oilfield Degasser Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1.          By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1.          By Type

10.3.3.2.2.          By Application

10.3.4.     Kuwait Oilfield Degasser Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1.          By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1.          By Type

10.3.4.2.2.          By Application

10.3.5.     Turkey Oilfield Degasser Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1.          By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1.          By Type

10.3.5.2.2.          By Application

11.  Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.  Market Trends & Developments

13.  Company Profiles

13.1.   NOV Inc.

13.1.1.     Business Overview

13.1.2.     Key Revenue and Financials 

13.1.3.     Recent Developments

13.1.4.     Key Personnel/Key Contact Person

13.1.5.     Key Product/Services Offered

13.2.   Schlumberger Limited

13.2.1.     Business Overview

13.2.2.     Key Revenue and Financials 

13.2.3.     Recent Developments

13.2.4.     Key Personnel/Key Contact Person

13.2.5.     Key Product/Services Offered

13.3.   Baker Hughes Company

13.3.1.     Business Overview

13.3.2.     Key Revenue and Financials 

13.3.3.     Recent Developments

13.3.4.     Key Personnel/Key Contact Person

13.3.5.     Key Product/Services Offered

13.4.   Halliburton Energy Services Inc.

13.4.1.     Business Overview

13.4.2.     Key Revenue and Financials 

13.4.3.     Recent Developments

13.4.4.     Key Personnel/Key Contact Person

13.4.5.     Key Product/Services Offered

13.5.   Weatherford International plc

13.5.1.     Business Overview

13.5.2.     Key Revenue and Financials 

13.5.3.     Recent Developments

13.5.4.     Key Personnel/Key Contact Person

13.5.5.     Key Product/Services Offered

13.6.   Expro International Group Ltd

13.6.1.     Business Overview

13.6.2.     Key Revenue and Financials 

13.6.3.     Recent Developments

13.6.4.     Key Personnel/Key Contact Person

13.6.5.     Key Product/Services Offered

13.7.   China Oilfield Services Limited

13.7.1.     Business Overview

13.7.2.     Key Revenue and Financials 

13.7.3.     Recent Developments

13.7.4.     Key Personnel/Key Contact Person

13.7.5.     Key Product/Services Offered

13.8.   Welltec A/S

13.8.1.     Business Overview

13.8.2.     Key Revenue and Financials 

13.8.3.     Recent Developments

13.8.4.     Key Personnel/Key Contact Person

13.8.5.     Key Product/Services Offered

13.9.   Cudd Energy Services, Inc.

13.9.1.     Business Overview

13.9.2.     Key Revenue and Financials 

13.9.3.     Recent Developments

13.9.4.     Key Personnel/Key Contact Person

13.9.5.     Key Product/Services Offered

13.10. GN Solids Control

13.10.1.  Business Overview

13.10.2.  Key Revenue and Financials 

13.10.3.  Recent Developments

13.10.4.  Key Personnel/Key Contact Person

13.10.5.  Key Product/Services Offered

14.  Strategic Recommendations

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Market size of the Global Oilfield Degasser Market was USD 2.08 billion in 2023.

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In 2023, the Vacuum Tank Degasser segment dominated the market, boasting the largest share. Vacuum Tank Degassers are renowned for their efficacy in eliminating entrapped gases, such as hydrocarbons and toxic gases, from drilling fluids. Their design and operational principles leverage vacuum technology to swiftly degas fluids, thereby ensuring the thorough extraction of undesirable gases.

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In 2023, the Onshore segment commanded the greatest market share. Onshore drilling accounts for a significant portion of global drilling operations. The considerable number of onshore drilling endeavors, particularly in regions abundant in oil and gas reservoirs, drives the steady demand for Oilfield Degassers.

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The primary catalysts propelling the Global Oilfield Degasser Market forward are the escalating levels of exploration and production endeavors alongside a heightened emphasis on enhancing operational efficiency.

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Parvati Sharma

Account Manager BD
Press Release

Oilfield Degasser Market to Grow with a CAGR of 7.19% through 2029

May, 2024

Increasing exploration & production activities and growing focus on operational efficiency are likely to drive the market in the forecast period.