Oilfield Equipment Rental Services Market Is Expected to Grow at CAGR of 15% by 2022 - Foresight Research
Market Highlights
Oilfield equipment is 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. Due to growing energy demand, oilfield equipment rental is highly developing market. Oilfield equipment are generally used in drill pipe, drill subs and among others. The major factors driving the growth of oilfield equipment rental services market are increase in the drilling activities globally, reduction in...
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