Rising oil & gas prices and increasing drilling activity will drive the global oilfield equipment rental (oilfield rental) market to $46.8 billion by 2018. North America, with its increased focus on unconventional shale plays and keen oil & gas industry, is expected to experience highest revenue growth during the next five years.

1. Oilfield Rental Market, by
Equipment - Drilling

2. Rising oil & gas prices and increasing drilling activity will drive the global oilfield
equipment rental (oilfield rental) market to $46.8 billion by 2018. North America,
with its increased focus on unconventional shale plays and keen oil & gas industry,
is expected to experience highest revenue growth during the next five years.
The factors driving growth in the OER market are increasing drilling activity and
rising oil prices. These factors are driving the production of uneconomical field
viable, tendency of drilling contractor & oilfield service providers to rent rather
than buy equipment, and advancements in technology that hugely favors renting.
Oilfield rental is a highly developing market despite its large base due to growing
energy demand. The market is expected to experience high growth due to the
increasing oilfield expenditure and flourishing oil & gas industry of Africa and
Latin America.
Summary

3. Oilfield Rental Market, by Equipment
Drilling
Market
Overview
Introduction Value Chain
Market
Dynamics
Customized
Demand By
Drillers
Oilfield Rental Market, by
Equipment - Drilling

4.  Drilling rental equipment, due to its wide usage and increased drilling activity
dominate the global oilfield rental market.
 Within drilling equipment, drillpipes hold the largest share as most of wells being
drilled have considerable depths.
 Subsequently to drilling equipment, pressure and flow control are the most
rented. BOPs (Blow out preventers) dominate the pressure and flow control
equipment rental market.
 The report covers the global OER market in major regions namely Asia-Pacific,
Europe, North America, Latin America, Middle East, and Africa under major
types of rental equipment such as drilling, pressure & flow control, fishing, etc.
 The market size for various drilling rental tools such as drill pipes and drill collars,
etc. have also been estimated along with pressure and flow control tools.
To know more information about this report click here –
http://www.jsbmarketresearch.com/energy-utilities/r-Oilfield-Rental-
Market-by-Equipment-Drilling-Drillpipe-Drill-Collars-Heavy-wate-Subs-
Pressure-Control-63833
Scope :- Oilfield Rental Market, by Equipment -
Drilling

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