Grand View ResearchOilfield Equipment Rental Market Trends Grand
The global oilfield equipment rental market size was estimated at USD 24.13 billion in 2025 and is anticipated to grow at a CAGR of 3.8% from 2025 to 2030 North America is expected to be the largest market due to the shale boom.
The Oilfield Equipment Rental Services Market is projected to register a CAGR of greater than 5.1% during the forecast period (2025 -2030) Reports . Oil Field Rental Services Market Trends Drilling Rigs to Dominate the Market.
Kenya Oilfield Equipment Rental Services Market (2025 -2030)
Kenya Oilfield Equipment Rental Services Market is expected to grow during 2025 -2029 Kenya Oilfield Equipment Rental Services Market (2025 -2030) Analysis, Share, Value, Companies,
of its oilfield service (OFS) market from USD 20 to 24 billion by 2030 while maintaining high oil production levels, provided it finally starts tackling the problems that that have been accumulating.
Blackridge Research & ConsultingOilfield Equipment Rental Services Market Size, Share, Trends
This section provides an assessment of geopolitics impact on Oilfield Equipment Rental Services Market demand. Oilfield Equipment Rental Services Market Size and Demand Forecast The
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Global Oil Field Rental Services Market size was valued at USD 28.55 Billion in 2022 and anticipated to project robust growth in the forecast period with a CAGR of 6.25% through 2028. A number of
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Data Bridge Market ResearchOilfield Services Market Global Market Industry Trends
The Oilfield Services market was valued at USD 305.12 Billion in 2021 and is expected to reach USD 512.61 Billion by 2029, growing at a CAGR of 6.7% (2022-2029). Get insights on trends,
u20132028. Growth of the market is attributed to rising
Blackridge Research & ConsultingOilfield Equipment Rental Services Market Size, Share,
This section provides an assessment of geopolitics impact on Oilfield Equipment Rental Services Market demand. Oilfield Equipment Rental Services Market Size and Demand Forecast The
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Research and MarketsOilfield Equipment Market Size, Share & Forecast to 2030
The Oilfield Equipment Market, valued at USD 125.6B in 2025 , is projected to reach USD 148.1B by 2030, growing at a 2.8% CAGR.
- How big is the Russia oilfield services market?
- The Russia oilfield services market size was USD 17.85 billion in 2022. The market is expected to grow from USD 19.04 billion in 2023 to USD 27.59 billion by 2030, exhibiting a CAGR of 5.4% during the forecast period. The growth in the production & exploration of natural gas across Russia has steered the Russia oilfield services market growth.
- Why is Russia oilfield services market growing?
- The growth in the production & exploration of natural gas across Russia has steered the Russia oilfield services market growth. The surge in various industrial sectors such as automotive and power generation has propelled industrial enterprises and urbanization, making crude oil and shale gas a key development element.
- Which segment holds the highest share of oilfields in Russia?
- Field operations segment holds the maximum share owing to the increased number of services and increase in drilling activities. The country’s augmented exploration activities resulted in Russia locating more oilfields. The rig's production activities and the rig count have increased in the past few years.
- What are oilfield services?
- The surge in various industrial sectors such as automotive and power generation has propelled industrial enterprises and urbanization, making crude oil and shale gas a key development element. Oilfield services assist in the exploration, drilling, and production of oilfields and their processing and transportation.
- Why is Russia exploring new oil & gas fields?
- Gazpromneft-Noyabrskneftegaz developed and deployed a new oil deposit search method called MAGIC in September 2019, which enhances efficiency while reducing exploration costs. All these factors, put together, have given rise to Russia’s exploration activities to find new oil and gas fields.
- Will Russia see a surge in oil & gas production from offshore locations?
- Russia is likely to witness a massive surge in oil and gas production from offshore locations as the number of rigs increases, fueling the demand for oilfield-related services.
