Press release
Oilfield Equipment Rental Market will be Valued at $25.62 Billion by 2026 (Schlumberger Limited, Technipfmc, Basic Energy Services, Halliburton Company, Weatherford, International, Key Energy Services, Oil States International, Ensign Energy Services)
Global Oilfield Equipment Rental Market HighlightsGlobal Oilfield Equipment Rental Market is accounted for $16.23 billion in 2017 and is expected to reach $25.62 billion by 2026 growing at a CAGR of 5.2% during the forecast period. Boost in global investments in exploration & production, rising unconventional hydrocarbon production and cutting edge technology in oilfield equipment are some key factors fueling the market growth. However, equipment exploitation and cold stacked inventory and unsure regulatory framework are hampering the market growth.
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By equipment, drilling equipment segment accounted for the largest market share in the global market due to increasing demand for oil and gas across the world and the operation of oilfield drilling in oilfields.
Based on geography, North America is expected to have the largest market share and dominated the market during the forecast period, due to increasing shale players in the United States.
Top Players:
Some of the key players in Oilfield Equipment Rental market include Schlumberger Limited, Technipfmc, PLC, Basic Energy Services, Inc., Halliburton Company, Weatherford, International, PLC, Key Energy Services, Inc., Oil States International, Inc., Ensign Energy Services, Inc., Superior Energy Services, Inc., Parker Drilling Company, Seventy Seven Energy, Inc., John Energy, Ltd, KIT Oil & Gas LLC Dubai, Bestway Oilfields, Arcom, International, Precision Drilling, Penn Fishing Tackle Manufacturing Company, Lureflash, International Ltd, Rigarm and Drillform Technical.
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Market Segmentation:
Equipments Covered:
• Fishing Equipment
• Pressure & Flow Control Equipment
• Drilling Equipment
• Pumps & valves
• Other Equipments
Applications Covered:
• Offshore
• Onshore
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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