Oilfield Equipment Rental Services Market Research Report and Forecast 2022-2030

 Market Synopsis

As per the research by Market Research Future Reports (MRFR), the worldwide oilfield equipment market is estimated to thrive at a CAGR of 4.91% while the review period. 

Market Highlights

One of the factors driving the growth of the rental services sector for Oilfield Equipment Rental Services Market is the increasingly growing number of drilling activities. This is attributed to increasing electricity consumption, and the opportunity to rent the equipment instead of purchasing the equipment. Technology advancement has allowed the use of oilfield rental equipment, as a result of which non-conventional oil and gas field use has increased. In the forecast period the market is estimated to experience exponential growth. The market has various lucrative expansion opportunities. Oil price recovery, increasing field development activities and increasing oil exploration are likely to drive the global market for oilfield equipment in 2020.

In addition , rising prices have increased upstream oil industry activities which have had a direct impact on oilfield market growth. Moreover, rising oil and gas demand is also estimated to boost demand in the oilfield and equipment market. Recently, owing to the declining prices, oil and gas have suffered a downturn; this move is expected to increase the number of wells and therefore, contributing to demand growth. The oilfield services market has various opportunities to grow; however, the expensive cost of investment, Maintainance,  research, human resources, and equipment is likely to impede the growth of the global oilfield equipment market.
There has been an immense change in market dynamics due to the sudden outbreak of novel coronavirus. Due to the pandemic several regions were affected.

Get a FREE Report Sample with Table of Contents and Figures @ https://www.marketresearchfuture.com/sample_request/2515

Market Segmentation

The global oilfield equipment market can be segregated on the basis of type, equipment, and region.

• On the basis of type, the global oilfield equipment market can be segregated into Pressure & Flow control (BOP, Valves, Manifold), drilling (Drill Pipe, Drill Collars). Among all, the Drill Pipe segment acquires the maximum market share because of the large drilling activities offshore and onshore.
  
• On the basis of equipment, the global oilfield equipment market can be segregated into Valves, Field Production Machinery, Drilling Equipment, Pumps, and Others. Among all, the drilling equipment segments hold the maximum because of the rising number of drilling projects
  

Regional Analysis

The geographical analysis of North America, Europe, Asia-Pacific, and the Middle East and Africa has been conducted. As per the analysis by Market Research Future, North America dominates the market. North America holds the maximum market share. The region is excelling in rock studies activities for oil sands, shale oil, and carbonate rocks, and with several other exploration activities. Out of all of the countries, the U.S. plays the most significant role in expanding the market. On the other hand, the APAC region and the African region is likely to grow significantly in the forthcoming period. The primary factor of growth can be accredited to several activities of discovery taking place in the South China Sea, Gulf of Thailand, the Mediterranean Sea, and Egypt desert from Africa.

However, some areas have been adversely affected because of the outbreak of the coronavirus pandemic. Owing to observation of worldwide lockout, the dynamics of the market are significantly modified.

Key Players

The key players of the global oilfield equipment rental services market are

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

Purchase Report @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2515

Table Of Contents

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

Continued…

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

TABLE 6 U.S. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 7 U.S. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 8 U.S. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY END-USER

TABLE 9 CANADA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 10 CANADA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

For More Details On this Report: https://www.marketresearchfuture.com/reports/oilfield-equipment-rental-services-market-2515

Read More Related Insights:

Oilfield Services Market Research Report: Information by Service (Seismic, Drilling, Characterization, Completion, Production, Well Intervention, and Others), Application (Onshore & Offshore) and Regions (North America, Europe, Asia-Pacific) – Forecast till 2027

Oil and Gas Pipeline Market Research Report: Information by Type (Crude Oil, Natural Gas), Application (Onshore, Offshore), Sector (Upstream, Midstream, Downstream), and Region (the Americas, Europe, APAC, the Middle East & Africa) – Forecast till 2027

Oil Accumulator Market Research Report: Information by Type (Bladder, Piston, Diaphragm), Pressure Rating (Up to 6000 Psi and Above 6000 Psi), Application (BOP & Wellhead Control, Offshore Rig, Mud pumps), and Region – Global Forecast till 2027

Drones for Oil and Gas Market Research Report Information: by Type (Single Rotor, Multi-Rotor, Fixed Wing and Hybrid & Nano), by Application (Inspection, Surveying & Mapping and Security & Emergency Response) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

Mobile Offshore Drilling Unit Market Research Report: Information by Type (Jackup, Semi-submersible and Drillship), Application (Shallow Water and Deepwater) and Region (North America, Europe, Asia-Pacific, the Middle East & Africa and South America) - Forecast till 2027

Oil & Gas Fishing Market Research Report: Information by Products (Overshoots & Spears, Milling Tools, Fishing Jars and Casing Cutters), by Application (Offshore and Onshore) and by Region (North America, Europe, Asia-Pacific, the Middle East & Africa and South America) - Forecast till 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to 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 answer your most important questions.

Follow Us: LinkedIn | Twitter

Contact:

Market Research Future
Phone:
+1 628 258 0071(US) 
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com