Press release
Oilfield Equipment Rental Market Value Share, Supply Demand, share and Value Chain -2025
Get Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28400
Upstream oil & gas operations such as drilling, cementing, well completion, well logging, and well intervention require various set of equipment. Operating companies carry out drilling and production operations. On the other hand, service companies provide necessary services to operating companies. These services include technical manpower, consultancy, and oilfield equipment. Purchasing oilfield equipment can prove to be capital intensive for an operating company. Managing the handling part while shifting from one oilfield location to other can also be time consuming and expensive proposition. Thus, most operating oil companies prefer to hire the oilfield equipment on rent. After the completion of the desired job, the set of equipment can be returned to the owner company.
Oilfield equipment can be broadly categorized into drilling equipment, pressure and flow control equipment, pumps & valves, and other equipment. Drilling equipment include drilling rigs, drill pipe and other tubes, drill bits, downhole drilling equipment, wireline tools, and stimulation tools. Pressure and flow control equipment comprise Blowout Preventers (BOP), valves and choke manifold, and others. Pumps & valves equipment include artificial lift systems and mud pumps. Other equipment are well intervention equipment, well completion equipment, fishing equipment, and geophysical or well logging equipment.
Increase in demand for fossil fuels is the major driver of the oilfield equipment rental market. Products obtained from refining of crude oil such as gasoline, diesel, petrochemicals, and plastics are used in a wide range of applications. Oil exploration companies are shifting their focus toward unconventional reserves such as shale oil, CBM, oil sands, and heavy crude. This shift of focus is another driver of the oilfield equipment rental market, as unconventional reserves require specialized operations with specialized equipment.
Advancement of technology in oil & gas drilling operations such as horizontal drilling and directional drilling require special set of equipment such as whipstock, mud motor, UBHO equipment. This is augmenting the oilfield equipment rental market.
Increase in usage of renewable energy is the major restraint of the oilfield equipment rental market. Renewable energy is being adopted worldwide, as it is emission- and pollution-free energy. Natural gas, associated with hydrocarbons obtained from subsurface, is also one of the major energy sources. Rise in usage of natural gas offers immense opportunities to the oilfield equipment rental market.
In terms of region, North America is expected to account for significant share of the oilfield equipment rental market owing to the presence of various players in the region. Of late, the region has been one of the key exporters of fossil fuels. Middle East & Africa may prove to be a lucrative market for oil field equipment rental. It is known for its oil wealth. Many oilfield are being developed in the region. This is creating opportunities for the oilfield equipment rental market. Latin America is likely to hold significant market share in the near future due to the existing oil reserves. Thus, the region is projected to offer lucrative opportunities to the oilfield equipment rental market. Asia Pacific and Europe do not possess major oilfields. However, the market in these regions is expected to experience growth owing to the development in the manufacturing industry.
Prominent players operating in the oilfield equipment rental market are Schlumberger Limited, Tasman, Halliburton, Bois BV, B&B Oilfield Equipment, Weatherford, John Energy Ltd., Black Diamond Group, Great Plains Oilfield Rental, Stallion Oilfield Holdings, INC., and Precision Drilling Corporation.
Request TOC of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=28400
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
Browse market research blog:
tmrresearch.blogspot.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oilfield Equipment Rental Market Value Share, Supply Demand, share and Value Chain -2025 here
News-ID: 801653 • Views: …
More Releases from transparency market research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Oil
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to…
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.…
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally.
Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and…
