The oilfield auxiliary rental equipment market is anticipated to witness considerable growth during the forecast period. This is attributed to factors, such as rise in demand for crude oil and other oil & gas products from developing regions, including Asia-Pacific and Latin America. In addition, rapid growth of hybrid or dual fuel vehicles across the …
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Oilfield Auxiliary Rental Equipment Market Expected to Hit $42.9 Billion by 2030
The oilfield auxiliary rental equipment market size was valued at $28.3 billion in 2020, and is estimated to reach $42.9 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Significant development of the end-use industries, including mining, manufacturing, offshore, automotive, and building & construction is fueling the demand for oil & gas …
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