| Product Code: ETC10684026 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Lithuania`s oilfield equipment import shipments were primarily sourced from top exporters such as Germany, Italy, Netherlands, Poland, and the USA. Despite a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -7.74% from 2020 to 2024. Furthermore, the growth rate in 2024 dropped significantly by -16.59% compared to the previous year, reflecting a challenging environment for the oilfield equipment import market in Lithuania.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania Oilfield Equipments Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Oilfield Equipments Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Oilfield Equipments Market - Industry Life Cycle |
3.4 Lithuania Oilfield Equipments Market - Porter's Five Forces |
3.5 Lithuania Oilfield Equipments Market Revenues & Volume Share, By Drilling Equipment, 2021 & 2031F |
3.6 Lithuania Oilfield Equipments Market Revenues & Volume Share, By Rotary Systems, 2021 & 2031F |
3.7 Lithuania Oilfield Equipments Market Revenues & Volume Share, By Onshore, 2021 & 2031F |
3.8 Lithuania Oilfield Equipments Market Revenues & Volume Share, By Rigs, 2021 & 2031F |
4 Lithuania Oilfield Equipments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for oil and gas exploration activities in Lithuania |
4.2.2 Government initiatives to boost the oil and gas sector |
4.2.3 Technological advancements in oilfield equipment industry |
4.2.4 Growing investments in the oil and gas sector |
4.2.5 Favorable regulatory environment for oilfield equipment manufacturers |
4.3 Market Restraints |
4.3.1 Volatility in oil prices impacting investment decisions |
4.3.2 Environmental concerns and regulations affecting oil and gas exploration |
4.3.3 Competition from alternative energy sources |
4.3.4 Geopolitical uncertainties affecting the oil and gas sector |
4.3.5 Lack of skilled workforce in the oilfield equipment industry |
5 Lithuania Oilfield Equipments Market Trends |
6 Lithuania Oilfield Equipments Market, By Types |
6.1 Lithuania Oilfield Equipments Market, By Drilling Equipment |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Oilfield Equipments Market Revenues & Volume, By Drilling Equipment, 2021 - 2031F |
6.1.3 Lithuania Oilfield Equipments Market Revenues & Volume, By Production Equipment, 2021 - 2031F |
6.1.4 Lithuania Oilfield Equipments Market Revenues & Volume, By Well Intervention, 2021 - 2031F |
6.1.5 Lithuania Oilfield Equipments Market Revenues & Volume, By Pressure Control, 2021 - 2031F |
6.1.6 Lithuania Oilfield Equipments Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Lithuania Oilfield Equipments Market, By Rotary Systems |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Oilfield Equipments Market Revenues & Volume, By Artificial Lift, 2021 - 2031F |
6.2.3 Lithuania Oilfield Equipments Market Revenues & Volume, By Hydraulic Workover, 2021 - 2031F |
6.2.4 Lithuania Oilfield Equipments Market Revenues & Volume, By Wellhead Systems, 2021 - 2031F |
6.2.5 Lithuania Oilfield Equipments Market Revenues & Volume, By Smart Sensors, 2021 - 2031F |
6.3 Lithuania Oilfield Equipments Market, By Onshore |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Oilfield Equipments Market Revenues & Volume, By Offshore, 2021 - 2031F |
6.3.3 Lithuania Oilfield Equipments Market Revenues & Volume, By Fracking, 2021 - 2031F |
6.3.4 Lithuania Oilfield Equipments Market Revenues & Volume, By Refining, 2021 - 2031F |
6.3.5 Lithuania Oilfield Equipments Market Revenues & Volume, By Reservoir Analysis, 2021 - 2031F |
6.4 Lithuania Oilfield Equipments Market, By Rigs |
6.4.1 Overview and Analysis |
6.4.2 Lithuania Oilfield Equipments Market Revenues & Volume, By Pumps, 2021 - 2031F |
6.4.3 Lithuania Oilfield Equipments Market Revenues & Volume, By BOPs, 2021 - 2031F |
6.4.4 Lithuania Oilfield Equipments Market Revenues & Volume, By Separators, 2021 - 2031F |
6.4.5 Lithuania Oilfield Equipments Market Revenues & Volume, By Compressors, 2021 - 2031F |
7 Lithuania Oilfield Equipments Market Import-Export Trade Statistics |
7.1 Lithuania Oilfield Equipments Market Export to Major Countries |
7.2 Lithuania Oilfield Equipments Market Imports from Major Countries |
8 Lithuania Oilfield Equipments Market Key Performance Indicators |
8.1 Number of new oilfield equipment installations in Lithuania |
8.2 Adoption rate of advanced technology in oilfield equipment |
8.3 Level of investment in research and development for oilfield equipment innovation |
8.4 Percentage of regulatory compliance in the oil and gas sector |
8.5 Rate of workforce training and development in the oilfield equipment industry |
9 Lithuania Oilfield Equipments Market - Opportunity Assessment |
9.1 Lithuania Oilfield Equipments Market Opportunity Assessment, By Drilling Equipment, 2021 & 2031F |
9.2 Lithuania Oilfield Equipments Market Opportunity Assessment, By Rotary Systems, 2021 & 2031F |
9.3 Lithuania Oilfield Equipments Market Opportunity Assessment, By Onshore, 2021 & 2031F |
9.4 Lithuania Oilfield Equipments Market Opportunity Assessment, By Rigs, 2021 & 2031F |
10 Lithuania Oilfield Equipments Market - Competitive Landscape |
10.1 Lithuania Oilfield Equipments Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Oilfield Equipments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |