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Oilfield Auxiliary Rental Equipment Market in GCC Countries is Expected to Reach $35 Billion, by 2020

<br>Oilfield Auxiliary Rental Equipment Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $35 billion by 2020, registering a CAGR of 9.4% during the period 2014-2020. The market would primarily be driven by an increased demand of energy sources and the need of cost optimization.

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Oilfield Auxiliary Rental Equipment Market in GCC Countries is Expected to Reach $35 Billion, by 2020

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  1. Oilfield Auxiliary Rental Equipment Market Opportunities and Forecasts, 2014 - 2022

  2. Oilfield Auxiliary Rental Equipment Market (Future & Growth) • Future and Growth of the Market • Oilfield Auxiliary Rental Equipment Market is expected to garner $35 billion by 2020 • This will register a CAGR of 9.4% during the period 2014-2020 • The oil & gas division contributes to approximately 73% of the total export earnings for the GCC region

  3. Oilfield Auxiliary Rental Equipment Market Factors Contributing to Market Growth • Factors Contributing to Market Growth are: • The rising demand for energy sources • Impending need for cost optimization • Increasing deep offshore oil production activities • The rise in oil production • Decline in the oil prices

  4. Oilfield Auxiliary Rental Equipment Market: Key Factors • Key Factors • Saudi Arabia to attain a market value of USD 16.92 billion by 2020, growing at a CAGR of 7.3% during 2014-2020 • Bahrain would be the fastest growing market with an expected revenue of USD 45.5 million by 2020, growing at a CAGR of 26.7% during the forecast period • QATAR- The oil and gas sector accounts for approximately 55% of the country's total GDP (Gross Domestic Product)

  5. Oilfield Auxiliary Rental Equipment Market Segmentation • The market is Geographically Segmented by: • UAE • Saudi Arabia • Qatar • Oman • Kuwait • Bahrain

  6. Oilfield Auxiliary Rental Equipment Market: Key Players • Key Players: • Superior Energy Services Inc. • Schlumberger Limited • Oil States International Inc. • Weatherford • The OlayanGroup • Key Energy Services Inc.

  7. Summary:  Within the GCC region, Saudi Arabia is expected to be highest revenue-generating country for the oilfield auxiliary rental equipment market, valued at USD 11.08 billion in 2014. With a rise in the oil production since the past few years, the Saudi Arabian oilfield auxiliary rental equipment market has witnessed a notable growth and is expected to demonstrate a similar trend in the future. Bahrain would be the fastest growing market for the analysis period. Growth in Bahrain is supplemented by rapidly maturing oil fields due to years of extraction To Know more about Oilfield Auxiliary Rental Equipment Market Visit : https://www.alliedmarketresearch.com/auxiliary-rental-equipment-market Follow us on

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