A new research report at Sandlerresearch.org? says the oilfield equipment rental market will grow at a 14.5% CAGR by 2018. The decreased investment in in-house production units by major integrated oil and gas vendors is one such trend. The market players are decreasing their in-house investment as they can rent out the oilfield equipment with desired customization, which reduces the capital costs for any project.
According to the report, the increased oil and gas drilling activities across the globe is one of the main drivers in the market. The drilling activities have increased the demand for rental oilfield equipment, which is expected to propel the growth of the market during the forecast period.
This report covers the present scenario and the growth prospects of the Global Oilfield Equipment Rental market for the period 2014-2018. The Global Oilfield Equipment Rental market can be segmented into three product divisions: Drilling Equipment, Pressure and Control Valve, and Other Equipment.
Global Oilfield Equipment Rental Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Oilfield Equipment Rental market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in Global Oilfield Equipment Rental Market: Chesapeake Oilfield Services Llc , Halliburton Co., Precision Drilling Corp., Schlumberger Ltd., Superior Energy Services Inc., Weatherford International Ltd., Aos Orwell Ltd., Basic Energy Services Inc., EnsignEnergy Services Inc., Fmc Technologies Inc., Greene's Energy Group, Independent Oil Tools AS, Key Energy Services , Knight Oil Tool Inc., Oil States International Inc., Parker Drilling Co., RPC, Inc. , SavannaEnergy Services Corp., Tasman Oil Tools Pty Ltd, Western Energy Services Corp.