The factors fueling the market include rising demand for power, advanced drilling techniques, increasing exploration and production activities.
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The Global Oilfield Equipment Rental market is valued at $26,652 million in 2014 and is expected to reach $81,941 million by 2022 growing at a CAGR of 15.07% .
Hesitation in oil & gas industry and regional disparities are the factors limiting the market growth. The opportunity for the market growth lies in U.S.
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North America has the largest share in oilfield equipment market driven by large shale drilling activities in U.S. due to increasing demand for energy and prosperous conventional and unconventional drilling and oilfield service.
Asia Pacific and Middle East are expected to witness significant growth during forecast period. Drill pipes have the largest share in oilfield equipment market for drilling the large number of wells with huge depths.
Pressure and flow controls are mostly rented consequently to drilling equipment. In pressure and flow controls, BOPs are expected to drive the market growth.
The key players of the market include, Basic Energy Services, Inc., Schlumberger, Ensign Energy Services Inc., Halliburton Co., Oil States International Inc., Superior Energy Services, Parker Drilling Co., Tasman Oil Tools and Weatherford International.
Other Drilling Equipment
Pressure & Flow Control Equipment
Valves & Manifolds
Other P&Fc Rental Equipment
Other Rental Oilfield Equipment
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Rest of Asia
Rest of the World
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