Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Oilfield Equipment Rental Services Market Research Report: Forecast to 2022
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Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary According to a recent study report published by the Market Research Future, The global market of Oilfield Equipment Rental Services is booming and expected to gain prominence over the forecast period. The global Oilfield Equipment Rental Services market is forecasted to demonstrate an exponential growth by 2022, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2017 – 2022). Global increasing demand for energy has resulted in rapid increase in the offshore drilling activities to meet the increasing demand, which ultimately has provided significant boost to the Oilfield Equipment Rental Services market. Moreover, new oil reserve discoveries increase the drilling and exploration activities in coming years which upsurge the demand for the market. However, environmental risks and strict government regulations for drilling as well as increasing focus on renewable energy may hinder the market growth of the market. Oilfield equipment is an equipment that extracts oil and gas from the reservoir. In order to reduce the capital expenditure of these equipment, the oilfield operators take these equipment on rent or lease. Additionally, new oil reserve inventions would accelerate the exploration and drilling activities in the coming years which will boost the demand for the market. However, strict government regulations coupled with environmental risks for drilling as well as surging focus on renewable energy may restrict the growth of the market. Characterized by the existence of several small and renowned players, the global market of oilfield equipment rental services appears to be extremely competitive. The prominent players go for collaboration, acquisition, expansion, product launch, and partnership, in order to maintain their market position and to attain competitive advantage in this market. The key players compete with regards to services and pricing. Vendors operating in the market compete to provide the best quality products and services based on advanced technologies, and best approaches. The key players make a significant investment for research and development activities and for securing a guaranteed resource for the clients. Oilfield equipment rental services market witness a surged growth potential which is expected to attract several entrants to the market leading to further intensified competition.
Competitive Dashboard The global oilfield equipment rental services market is dominated by key players such as Oil States International Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd (U.S.), Weatherford International Ltd. (Switzerland), Superior Energy Services Inc. (U.S.), National Oilwell Varco (U.S.), Baker Hughes (U.S.), Transocean Ltd. (Switzerland), Cameron International Inc. (U.S.), and B&B Oilfield Equipment Corp (U.S.).
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation The global oilfield equipment rental services market has been segmented based on pressure and flow control equipment, drilling equipment, application, and region. Based on drilling equipment, the market has been segmented into drill collars, drill pipe, drill subs and others. Drill pipe dominates the pressure & flow control equipment segment of global market owing to its wide application in drilling the wells. Based on pressure & flow control equipment, the market has been segmented into valves & manifolds, BOP, and others. BOP leads the pressure & flow control equipment segment of global market. BOP finds wide application in sealing, controlling and monitoring the oil and gas wells and to avoid the blowout. Based on application, the market has been segmented into offshore and onshore. Onshore leads the application segment of global market primarily owing to the prevalence of large onshore shale reserve. Offshore segment is likely to be the swiftest growing segment over the forecast period. Based on regions, the market has been segmented into Europe, North America, Middle East & Africa, Asia Pacific, and South America.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis North America dominates the Oilfield Equipment Rental Services market. The U.S. accounts for the largest market share in the North American region. The advancements in unconventional drilling technologies, which have attracted capital for oil and gas drilling projects. Additionally, vast hydrocarbon resources in the U.S. Shale basins and continuous offshore drilling in the Gulf of Mexico region, are driving the demand of the market. Additionally, most of the major player are operating in this region. This has the positive influence on the growth of the market. Asia Pacific and Europe are the other major market for the Oilfield Equipment Rental Services. Increasing demand for energy due to urbanization & industrialization from the countries such as India, China, and Indonesia among others driving the demand of the market in Asia Pacific region. The Europe drill bit market is expected to be dominated by countries such as U.K, Norway and Russia. The development of unconventional oil and gas exploration activities such as shale, is driving the market in the region. It is expected to contribute significantly during the forecast period.
Industry/ Innovations/ Related News • • •
IronGate Energy Services, a leading provider of rental and tubular services to oil and natural gas exploration and production operators in North America, announced that it has acquired Sun Tubular Services, a provider of rental services to exploration and production operators in the Permian Basin. Patterson was awarded with two long term contract with a major oil company to provide a 21 ¼” 5M BOP stack for a project in Africa & provide a 13 5/8 ” 15M BOP stack for a project in the Gulf of Mexico. Patterson Rental Tools is pleased to announce the opening its latest rental tool facility in the Midland/Odessa area. This latest expansion will facilitate the coverage of the various shale plays in the Midland/Odessa area.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.