Oilfield Equipment Rental Services Market | Page 4

Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
The global oilfield equipment rental services market has been segmented based on pressure and flow
control equipment, drilling equipment, application, and region.
Based on drilling equipment, the market has been segmented into drill collars, drill pipe, drill subs and
others. Drill pipe dominates the pressure & flow control equipment segment of global market owing to its
wide application in drilling the wells.
Based on pressure & flow control equipment, the market has been segmented into valves & manifolds,
BOP, and others. BOP leads the pressure & flow control equipment segment of global market. BOP finds
wide application in sealing, controlling and monitoring the oil and gas wells and to avoid the blowout.
Based on application, the market has been segmented into offshore and onshore. Onshore leads the
application segment of global market primarily owing to the prevalence of large onshore shale reserve.
Offshore segment is likely to be the swiftest growing segment over the forecast period.
Based on regions, the market has been segmented into Europe, North America, Middle East & Africa, Asia
Pacific, and South America.
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