Oilfield Equipment Rental Market 2015 Global Trends, Forecast, and Opportunity to 2022
The Global Oilfield Equipment Rental market is valued at $26,652 million in 2014 and is expected to reach $81,941 million by 2022 growing at a CAGR of 15.07% . The factors fueling the market include rising demand for power, advanced drilling techniques, increasing exploration and production activities. Hesitation in oil & gas industry and regional disparities are the factors limiting the market growth. The opportunity for the market growth lies in U.S. shale mining revolution and rapidly rising hydrocarbon market.
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