Onshore Application to Flourish in United States Oilfield Equipment Rental Market During Forecast Period
Increase in demand for
fossil fuels is expected to drive the growth of United States oilfield
equipment rental market
According
to TechSci Research report, “United States Oilfield Equipment
Rental Market By Equipment Type (Drilling Equipment, Pressure
& Flow Control Equipment, Other Equipment), By Application (Onshore v/s
Offshore), By Region, Forecast & Opportunities, 2025”, the United States oilfield equipment rental market is
expected to grow at a steady rate during the forecast period on account of the technological
advancements in the drilling technologies such as longer laterals, minimal
liner and casing, enhanced drilling rates, multi-pad drilling, improvements in
the surface operations, among others. Additionally, the absence of possibilities
to track activities in unconventional regions, real-time systems play a
significant role and therefore multilateral technologies are preferred for
heavy oil applications thereby, driving the market in the country. However, customized
demand by the drillers can hamper the growth of market during forecast period. Additionally,
the increase in use of renewable energy is the major restraint for the US oilfield
equipment rental market.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on " United
States Oilfield Equipment Rental Market"
https://www.techsciresearch.com/report/united-states-oilfield-equipment-rental-market/4526.html
The United States oilfield equipment
rental market is segmented based on equipment type, application, company and
region. Based on equipment type, the market can be fragmented into drilling
equipment, pressure & flow control equipment and others. The drilling
equipment segment is expected to dominate the market owing to the increasing
demand for oil and gas across the world and the operation of oilfield drilling
in oilfields. Based on application, the market can be bifurcated into onshore
and offshore. The onshore segment is expected to register the highest growth
during the forecast period. This can be attributed to the existence of huge onshore shale reserves
in the country and North America region.
Halliburton Company, Schlumberger
Limited, Chesapeake Energy Corporation, Weatherford International plc, Superior
Energy Services, Inc., Precision Drilling Corporation, Parker Drilling Company,
FMC Technologies, Inc., Oil States International, Basic Energy Services, Inc. and others are some of the
leading players operating in United States oilfield equipment rental market. For
instance, in April 2016, Schlumberger acquired coiled tubing drilling and
coiled tubing units. This strengthened the company’s coiled tubing portfolio in
both the markets of U.S. and Saudi Arabia.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4526
Customers can also
request for 10% free customization on this report.
“United
States oilfield equipment rental market is expected to witness significant
growth during the forecast period, owing to the growing unconventional
hydrocarbon production in the country. The country is the new swing producer in
global oil markets owing to the boom in production from both shale operations,
deep-water exploration and production in the Gulf of Mexico. Moreover, exploration
and production activities in the country are also expected to gain momentum
with increased capital spending by major oil companies. Additionally, the presence of
key players in the country such as Halliburton, Schlumberger, Weatherford
International plc, Superior Energy Services, Inc., among others is further anticipated
to fuel the market until 2025.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United States Oilfield Equipment Rental Market By
Equipment Type (Drilling Equipment, Pressure & Flow Control Equipment,
Other Equipment), By Application (Onshore v/s Offshore), By Region, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of United States oilfield equipment
rental market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in United States oilfield
equipment rental market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email:[email protected]