According to the new market research report “Oilfield Equipment Rental Market by Equipment
(Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure
& Flow Control Equipment, and Fishing Equipment), Application (Onshore and
Offshore), and Region - Global Forecasts to 2022”, published by
MarketsandMarkets™, the global
oilfield equipment rental market is projected to grow at a CAGR of 3.87% by
value from 2017 to 2022.
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in-depth TOC on "Oilfield Equipment Rental Market"
66 - Tables
81 - Figures
182 - Pages
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North America is estimated to be the largest market for
oilfield equipment, followed by the Middle East. This trend is expected to
continue till 2022. The growth of the oilfield equipment rental market is
driven by technological advancement in oilfield equipment and increase in
global investments in exploration and production.
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TOC @
The oilfield equipment rental market is dominated by a
few global players. Key players operating in the market include Halliburton
Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC
(Switzerland), Superior Energy Services, Inc. (U.S.), Oil States International,
Inc. (U.S.), and Parker Drilling Company (U.S.), among others.
Major strategies adopted by players in the oilfield equipment rental market
includes mergers & acquisitions and contracts & agreements. Mergers
& acquisitions was the most commonly adopted strategy from 2014 to April
2017. Industry players also adopted contracts & agreements, which was the
second most widely followed strategy from 2012 to April 2017.
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Schlumberger Limited is one of the leading providers of
products, services, technology, information solutions, and integrated project
management solutions for the global oil & gas exploration and production
industry. The company offers products and services to the entire gamut of
oilfield services, from exploration to production. Schlumberger Limited is
focusing on R&D activities as a long-term strategy to support and grow its
technological leadership in the oilfield equipment segment. New products,
recently launched by the company, generated approximately 20% of the group
revenue in 2016. The company recently launched PowerDrive Orbit Rotary
Steerable System (RSS) under its drilling segment in 2016.
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Halliburton Company is one of the leading service
providers and product suppliers in the upstream sector of the oil & gas
industry. The company provides thirteen Product Service Lines (PSLs) under two
main divisions, namely, drilling and evaluation and completion and production.
The company has operations in 80 countries across the globe. The company has
manufacturing operations in the U.S., China, Singapore, Canada, Malaysia, and
the U.K. The long-term strategy of the company is to focus on three areas,
namely, international business opportunities, applied technology, and
integrated solutions. The company is well positioned to utilize its global
infrastructure and technological prowess to provide operational distinction at
low costs. As a part of its expansion strategy, the company has recently opened
technology and research centers in Iberia, Brazil, and the U.S. to have
technologically advanced products and solutions.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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