Global Drill Collar Market for Oil Field Equipment Rental Services to 2022 - Market Analysis by Geography, Equipment Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 134 | Published By - Mordor Intelligence

Report Highlights

Drill Collars are one of the key components in the Bottom Hole Assembly (BHA). They provide the weight on bit to drill the well and keep the drill-pipe in tension to prevent buckling.

Global oil field rental services market is now finding its feet as a fastest growing market, given the ever increasing energy demand, increasing shale activity and offshore exploration activities.

As in case with the other oil and gas industry segments, North America leads the oil field rentals market too, given the huge drilling activity in the region. As a result most of the companies operate in this region. In the past few years, sensing potential market growth in some regions such as Asia-Pacific and Africa, operators started widening their operations to these countries. The market is expected to grow, as the number of wells being drilled is increasing as a result of increased search activities for coal seam gas and shale gas and lucrative oil and gas prices.

North America, Asia-Pacific and Africa are expected to witness growth in the coming years as a result of increased exploration activities and shale boom. The top companies share almost 70-80 per cent of the market. So, most of the companies in this segment are relatively small. The drilling rental equipment markets occupy the major part of the market because of their wide usage.

Particularly driven by the demand for oil in the developing world which is expected to overtake that in industrialized countries in the coming future, majorly because by strong demand from China, India and other developing nations across Asia which continue to see strong economic growth. And then there is shale revolution which transformed the U.S. energy sector and is sweeping the world.

How would this report help?

The report discusses the oil field equipment rental markets present trends and growth prospects explaining drivers and constraints of the industry and present market scenario. It also talks about global oil field equipment rental market analysis and demand forecasts to 2022, which is further segmented in to type and by geography, which would be helpful to service providers, operators and investment companies those who are looking to invest in this sector. The report also includes, total market share of the key vendors and their business strategies particularly towards this segment, making it easy to pick a suitable service provider for oil and gas companies based on their budget and geographic conditions. The report also has key company information and competitive landscape.
 

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