Market Research Report Store Oilfield Equipment Rental Market Projected to reac

"Oilfield Equipment Rental Market Projected to reach USD 20.55 billion, by 2022, growing at a CAGR of 3.87% from 2017 to 2022" published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report ＂Oilfield Equipment Rental Market ＂ added to its database. The oilfield equipment rental market is projected to reach USD 20.55 billion, by 2022, growing at a CAGR of 3.87%, from 2017 to 2022. Oilfield equipment are widely used during exploratory and production phase of an oil & gas well. Technological advancement in oilfield equipment and increase in global investments in exploration and production are expected to drive the oilfield equipment rental market in North America and the Middle East. Customized demands by drillers, as well as uncertain regulatory framework, can hinder the growth of the oilfield equipment rental market. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/ Ask a sample, click here [email protected] “The drilling equipment segment is expected to grow at the highest CAGR from 2017 to 2022.” Based on equipment, the drilling equipment segment is estimated to be the fastest growing market from 2017 to 2022. Due to wide usage and increased drilling activity across regions, the demand for drilling equipment is expected to grow over the next two years. Factors like these would drive the growth of the drilling equipment segment of the oilfield equipment rental market. “North America: The largest market for oilfield equipment rental.” North America is currently the largest market for oilfield equipment rental, followed by the Middle East and Asia-Pacific. Extensive shale mining and increasing refracturing activities in the U.S. are driving the oilfield equipment rental market. The U.S. is estimated to be the fastest growing market in the region, followed by the market in Canada, during the forecast period. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier 1- 30%, Tier 2- 35%, Tier 3- 35%