January 31, 2011 09:08 ET

Global Expenditure on Oil & Gas Field Machinery to Reach $121 Billion in 2011

ROCKVILLE, MD--(Marketwire - January 31, 2011) - has announced the addition of Visiongain's new report "The Oil & Gas Field Machinery Market 2011-2021" to their collection of Energy market reports. For more information, visit

The report analyzes and forecasts the growth of the market over the next ten years, highlighting the countries and subsectors with strong growth prospects within the market. The research determines global expenditure on oil & gas field machinery to be $120.6 billion in 2011.

The report forecasts and assesses the global spending in the oil & gas field machinery market across the 21 countries with the largest markets. These forecasts are underpinned by Visiongain's calculations of demand, output, and consumption growth for oil & gas.

This report offers in depth analysis of oil & gas field machinery markets as one of the key aspects of the dynamic energy industry. Oil & gas field machinery is not only essential to the oil & gas market, but also to the development of the broader energy sector. The report analyzes a wealth of data to show where the market will develop based upon diverse factors and insight into the market, anticipating how and why the market will evolve from 2010 onwards.

The report also describes the most important technological changes within the oil & gas field machinery industry and assesses their importance for the growth of the market over the long term. The most significant drivers and restraints of the market are considered in order to provide readers with specific insights into the future direction of the industry.

In which countries is spending on upstream oil & gas field machinery the greatest? Which countries represent the best investment opportunities? What are the possible niche markets developing in the sector? Will hydrocarbons remain the dominant supply of energy in the medium-term? How will changes in the price of oil affect the sector? Which countries will see the largest growth rates? These critical questions and many more are definitively answered in this comprehensive report.

For more information, visit

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