Press release
Oilfield Equipment Rental Market Size (US$ 30.8 Billion) | Industry Report 2023-2028
Oilfield Equipment Rental Market
Industry Definition and Application:
Oilfield equipment rental refers to the facility of hiring equipment for a predefined time to extract and drill oilfields temporarily. It usually comprises tools, products, and related services that help explore oil reserves for catering to the energy requirements. It requires a minimal cost of acquisition and maintenance compared to conventional purchasing of the equipment. Presently, equipment like valves and pumps, drilling, pressure and flow, wireline tools, drill bits, blowout preventers (BOP), mud pumps, and artificial lift systems can be rented globally.
Report Metric
Historical: 2017-2022
Base Year: 2022
Forecast Year: 2023-2028
Global Oilfield Equipment Rental Market Trends:
The escalating demand for natural gas and crude oil on account of the increasing energy needs worldwide represents one of the key factors influencing the market positively. Apart from this, the development of radio frequency identification (RFID)enabled equipment, which aids in enhancing drilling and hole-cleanup operations, is strengthening the market growth. Moreover, advancements in deepwater and ultra-deepwater drilling activities, along with significant improvements in oil and gas infrastructure, are propelling the market growth.
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Global Oilfield Equipment Rental Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Basic Energy Services Inc.
Bestway Oilfields & Gas Equip LLC
Circle T Service & Rental Ltd.
Ensign Energy Services Inc.
Halliburton Company
John Energy Ltd.
Parker Drilling Company
Schlumberger Limited
Seventy-Seven Energy Inc.
Superior Energy Services Inc.
TechnipFMC PLC
Weatherford International PLC.
The report has segmented the market on the basis on region, equipment and application.
Breakup by Equipment:
Drilling
Drill Pipes
Drill Collars
Subs
Others
Pressure & Flow Control
Blow Out Preventer (BOP)
Valves & Manifolds
Others
Others
Breakup by Application:
Onshore
Offshore
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/oilfield-equipment-rental-market
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023 - 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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