Oilfield Equipment Rental Market is Estimated to Reach $53,706 Million by 2019 - New Report by MarketsandMarkets
(PRWEB) September 11, 2014 -- The market study on "Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment - Global Trends and Forecasts to 2019"published by MarketsandMarkets, defines and segments the market with regional forecast and segment revenue estimates through to 2019. Top market players from the industry segment have been studies in order to track developments, technologies and other key business strategies that define the Oilfield Equipment Market environment. The Oilfield Equipment Rental Market will grow from an estimated $26,818 million in 2014 to $53,706 million by 2019 with a CAGR of 14.9% from 2014 to 2019.
Browse 110 market data tables and 52 figures spread through 339 pages and in-depth TOC on "Oilfield Equipment Rental Market - Global Trends and Forecasts to 2019".
http://www.marketsandmarkets.com/Market-Reports/oilfield-equipment-rental-market-1083.html
Early buyers will receive 10% customization on this report.
http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1083
North America: The largest market for Oilfield Equipment Rental market
The North American region holds the largest market for oilfield equipment rental, driven largely by the number of drilling and E&P activities in the U.S. North America, due to its growing energy needs and flourishing conventional and unconventional drilling and oilfield service industry is the major growth engine for this market.
Drilling Equipment: Biggest Market by Equipment Type
Drilling equipment’s are the most commonly rented equipment’s amongst all oilfield equipment’s. Advanced drilling techniques such as horizontal drilling and ultra-deep drilling have made extraction of shale gas possible. Rising energy demand is increasing the oil and gas E&P (exploration & production) and drilling activities globally which in turn is driving the rental equipment market. The enormous potential of this market is attracting various small and big level industry players.
The oilfield equipment rental industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The rental facility has reduced the entry barrier and exit barriers in the industry. Renting equipments are much more feasible viable for new comers than buying purchasing costly equipments. Hence, the perception of buyers has shifted from buying towards renting equipments. This is a major driver of the Oilfield Equipment Rental Market. Top five players of the OER market are the suppliers of equipments for oilfield service. Weatherford International Ltd (Ireland) rents its equipment under the drilling tools segment whereas Halliburton (U.S.) maintains oilfield rental companies in the form of Boots & Coots (U.S.) and PWR Rentals (U.S.). Schlumberger (U.S.) too has Thomas Oil Tools as its rental subsidiary, Chesapeake (U.S.) has Great Plains Oilfield Rentals (U.S.), and Superior Energy Services (U.S.) has a number of rental companies in its portfolio.
Request Sample Today!
http://www.marketsandmarkets.com/requestsample.asp?id=1083
Browse Related Reports
Downhole Tools Market by Types (Flow & Pressure Control Tools, Drilling Tools, Impurity Control Tools, Downhole Control System and Handling Tools), Application (Well Drilling, Well Completion, Well Intervention, Formation & Evaluation and Oil & Gas Production) & Geography - Global trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/downhole-tools-market-156563592.html
Oil Country Tubular Goods Market by Grade (API, Premium), by Product (Seamless, ERW), & by Geography (North America, South America, Europe, Asia-Pacific, Africa, and Middle East) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/oil-country-tubular-goods-octg-market-5108819.html
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article