Oilfield Auxiliary Rental Equipment Market is Expected to Reach $35 Billion by 2020

According to a new report by Allied Market Research, titled "GCC Oilfield Auxiliary Rental Equipment Market", the GCC oilfield auxiliary rental equipment market is forecast to reach $35 Billion by 2020, growing at 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.

Oilfield auxiliary equipment are machines and instruments that are used to supplement the drilling process at oilfields. The equipment used less frequently on the oilfield are availed on rent by various oil extraction companies. The auxiliary equipment consist of sewage systems, mud labs, lighting system, distribution panels, storage tanks, debris junk catchers, transportation system, heat exchanges, flaring systems, drilling instruments and others. The major factors driving the oilfield auxiliary rental equipment market include the rising demand for energy sources, impending need for cost optimization and increasing deep offshore oil production activities. However, some of the restraints associated with the market are the advent of automated systems and lack of skilled workforce. The impact of automated systems is expected to affect the auxiliary rental equipment market in near future.

Request Free Sample of This Report at: http://bit.ly/1JkCS3s

The report analyzes the market in the GCC region. In order to study the regional imperatives, the research is focused on countries such as Saudi Arabia, U.A.E., Oman, Qatar, Kuwait, etc. Weatherford, Schlumberger, The Olayan Group, Key Energy Services and others are some of the key players in the GCC region.  Merger/acquisition and expansions are the prime strategies followed by numerous companies to gain a competitive edge in the market.

EY BENEFITS 

• The study provides an in-depth analysis of the oilfield auxiliary rental equipment market with current and future trends to elucidate the imminent investment pockets in the market
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market
• The report provides information regarding key drivers and challenges with their impact  on the market
• Quantitative analysis of the current market and estimations through 2013-2020 are provided to highlight the ongoing and future trends
• Porters Five Forces model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market

Read related News: http://prn.to/1IJTvHB

MARKET SEGMENTATION MARKET BY GEOGRAPHY

• UAE
• Saudi Arabia
• Qatar
• Oman
• Kuwait
• Bahrain

KEY PLAYERS

• Superior Energy Services Inc.
• Schlumberger Limited
• Oil States International Inc.
• Weatherford
• The Olayan Group
• Key Energy Services Inc.

Shale Gas Market is expected to reach $104.1 Billion, Globally, by 2020 - Allied Market Research

According to a new market research report by Allied Market Research titled, "Global Shale Gas Market (Technology, Application and Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 - 2020" the global shale gas market is forecast to reach $104.1 billion by 2020, registering a CAGR of 9.3% during the forecast period (2014 - 2020). The corresponding volume consumption will reach 19,619.4 bcf in the same year. The advent of hydraulic fracturing and horizontal drilling techniques has nearly doubled the efficiency of shale gas retrieval from plays, revolutionizing the shale gas market. China is a major Asian country to propel the demand aided by insatiable energy needs and increasing dependence on natural gas.

"Shale gas, as potent alternative source of natural gas, is expected to shake up the global energy market in the coming years. The availability of large number of shale plays, which is estimated at 6,148 tcf in total, is presenting opportunity for marketer", state AMR analysts Apurva Sale and Guru Mallick. "Technological advancements vis-à-vis the exploration and extraction of shale gas are enabling corporations to gain strategically advantageous positions in the competitive market", add the analysts. Though the large number of shale gas reserves are available across the world, (North America 1685 tcf, South America 1430 tcf, Europe 470 tcf, Middle East and Africa 1393 tcf, and Asia-Pacific 1170 tcf), exploration and extraction still remains the major challenge in most of the regions due to high extraction cost and large amount water usage in conventional processes. The technological trend such as hydraulic fracturing and horizontal drilling for the extraction of the shale gas are contributing to the rise in the production of shale gas in various geographies. As shale plays are available in abundance and almost equally across the regions, the mass production will lower dependence on fossil fuel reserves which is available only in specific region. More energy independence with shale gas adoption will eventually lead to better economic stability of the country.

To View the complete report, visit the website at http://www.alliedmarketresearch.com/shale-gas-market

Despite the latent commercial potential, the regulatory issues in various regions would impede market growth. According to UK government, fracking would be impractical in the parts of UK due to the scarcity of the water supplies. Amidst, various European countries such as Poland, United Kingdom, and Algeria would start the production of shale gas in next two to three years with the help of advance extraction technology.

Shale Gas has a wide ranging application in power generation, industrial usage, residential and commercial utility and usage in transportation. The power generation sector would benefit the most from the adoption of shale gas as it would be a cost-effective alternative that ensures reduced electricity costs.

The worldwide adoption of shale gas as an energy resource would undoubtedly benefit every region. The usage of unconventional energy resource is an upcoming trend in the energy industry. A substantial number of shale reserves in countries such as China, Argentina and Algeria would act as a golden opportunity for companies to enter the shale gas market. The Asia Pacific region appears especially attractive due to the up gradation of technology for the extraction of shale gas and the significant number of shale reserves. In-spite large availability of shale reserves in the European countries the production and adoption would be at lower side due to stringent regulatory hurdles.

Key players such as Baker Hughes Incorporation, Anadarko Petroleum Corporation, BHP Billiton Limited, Royal Dutch Shell, ConocoPhillips, ExxonMobil & Chesapeake Energy Corporation and the developmental strategies adopted by them have been carefully examined. Acquisitions, expansions, partnerships, collaborations and joint ventures are some major strategies adopted by market players in order to sustain in the competitive market.