Santa Fe News Online

Global Oilfield Equipment Rental Services Market is predicted to grow at approximately 15% by 2022

Global Oilfield Equipment Rental Services Market is predicted to grow at approximately 15% by 2022

Global Oilfield Equipment Rental Services Market
Global Oilfield Equipment Rental Services Market Information Report by Drilling Equipment (Drill Pipe, Drill Collars, Heavv-Wate, Drill Subs), by Pressure & Flow Control Equipment (BOP, Valves & Manifolds, and others) and by Region – Global Forecast to 2022

Market Highlights

The factor which drives the growth of Oilfield Equipment Rental Service Market are changing. The perception of buyer have been shifted from buying to renting. The operator’s tendency to rent the oilfield equipment to minimize the equipment cost rather than buying results in the increasing growth of this market. The entry barriers and exit barriers have decreased in the oilfield equipment rental market, resulting in the growth of these market. The increased expenditure on oil and gas production for the development of the reservoirs, has also resulted in the growth of oilfield equipment rental service market. The increase in economies of scale due to the use of oilfield equipment also result in the growth of these market.

The report has been analyzed based on drilling equipment, pressure & flow control equipment and region. Drilling equipment is the most commonly used rented equipment due to its advance drilling technique such as horizontal and ultra-deep drilling which has made possible for extracting gas. On the basis of drilling equipment, drill pipes account for the largest market share due to its wide use in drilling the wells. Based on the pressure & flow control equipment, Blow out Preventers (BOPs) dominate this segment because they are widely used to seal, control and monitor the oil and gas wells and to prevent the blowout.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2515

Key Players

  • Halliburton Co. (U.S.),
  • Oil States International Inc. (U.S.),
  • Schlumberger Ltd (U.S.),
  • Superior Energy Services Inc. (U.S.),
  • Weatherford International Ltd. (Switzerland),
  • Baker Hughes (U.S.),
  • National Oilwell Varco (U.S.),
  • Cameron International Inc.  (U.S.),
  • Transocean Ltd. (Switzerland),
  • B&B Oilfield Equipment Corp (U.S.).

North America accounts for the highest market share

The North America region has witnessed the largest market share for the oilfield equipment rental services market because of the presence of large number of drilling activities taking place in U.S. The growth in North America is also because of the increase in the demand of conventional and non-conventional drilling. The increase in the drilling activities in countries such as India, China and Russia has led to the growth of Asia-Pacific region. Latin America region has mainly driven by the increase in the E&P spending in this region.

The report has been analyzed based on drilling equipment, pressure & flow control equipment and region. Drilling equipment is the most commonly used rented equipment due to its advance drilling technique such as horizontal and ultra-deep drilling which has made possible for extracting gas. On the basis of drilling equipment, drill pipes account for the largest market share due to its wide use in drilling the wells. Based on the pressure & flow control equipment, Blow out Preventers (BOPs) dominate this segment because they are widely used to seal, control and monitor the oil and gas wells and to prevent the blowout.

Enquire about this Report @ https://www.marketresearchfuture.com/enquiry/2515

Table of Content

1   Executive Summary

2    Research Methodology
2.1   Scope Of The Study
2.1.1     Definition
2.1.2     Research Objective
2.1.3     Assumptions
2.1.4     Limitations
2.2   Research Process
2.2.1     Primary Research
2.2.2     Secondary Research
2.3   Market Size Estimation
2.4   Forecast Model

3    Market Dynamics
3.1   Market Drivers
3.2   Market Inhibitors
3.3   Supply/Value Chain Analysis
3.4   Porter’s Five Forces Analysis

4   Global Oilfield Equipment Rental Services Market, By Drilling Equipment
4.1   DRILL PIPE
4.2   DRILL COLLARS
4.3   Heavy-Wate
4.4   Drill Subs
5     Global Oilfield Equipment Rental Services Market, By Pressure & Flow Control Equipment

Continue……….

List of Tables

Table 1   Global Oilfield Equipment Rental Services Market, By Drilling Equipment
Table 2   Global Oilfield Equipment Rental Services Market, By Pressure & Flow Control Equipment
Table 3   Global Oilfield Equipment Rental Services Market, By Regions
Table 4  North America Oilfield Equipment Rental Services Market, By Drilling Equipment   
Table 5  North America Oilfield Equipment Rental Services Market, By Pressure & Flow Control Equipment

Continue………..

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/oilfield-equipment-rental-services-market-2515

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/oilfield-equipment-rental-services-market-2515