DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jk3c62/global_oilfield) has announced the addition of the "Global Oilfield Equipment Rental Market 2014-2018" report to their offering.
The Global Oilfield Equipment Rental market will grow at a CAGR of 14.5 percent over the period 2014-2018.
Rental oilfield equipment is used for the extraction of oil and gas from reservoirs. This equipment is either taken on rent or lease by the oilfield operator, as it will reduce the capital cost for the operator.
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.
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.
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.
Further, the report states that the variation in demand from end-users is one of the major challenges faced by the market. The demand varies from one oilfield to another; this variation can be in terms of size and shape of equipment.
Key Vendors
- Chesapeake Oilfield Services Llc
- Halliburton Co.
- Precision Drilling Corp.
- Schlumberger Ltd.
- Superior Energy Services Inc.
- Weatherford International Ltd.
Other Prominent Vendors
- Aos Orwell Ltd.
- Basic Energy Services Inc.
- Ensign Energy 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.
- Savanna Energy Services Corp.
- Tasman Oil Tools Pty Ltd
- Western Energy Services Corp.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/jk3c62/global_oilfield
