Albany, NY -- (SBWIRE) -- 08/07/2017 -- The rental oilfield equipment is basically used for extraction of oil and gas from the reservoirs. End-users take such equipment on a rental basis to reduce the capital cost incurred. The global oilfield equipment rental market to grow at a CAGR of 4.76% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global oilfield equipment rental market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new shipments in the market.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Oilfield Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Ensign Energy Services
- Halliburton
- Precision Drilling
- Schlumberger
- Weatherford
Other prominent vendors
- AOS ORWELL
- Basic Energy Services
- FMC Technologies
- IOT GROUP
- Key Energy Services
- Knight Oil Tools
- Oil States International
- Parker Drilling
- RPC
- Superior Energy Services
Market driver
- Development of unconventional oil and gas resources/hydrocarbon exploration
- For a full, detailed list, view our report
Market challenge
- Global downturn in oil industry and crude oil prices
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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