Global Sand Control Systems Market to Exhibit 8.18% CAGR 2014-2020, Rising Oil and Gas Exploration to Drive Growth
The global sand control systems market has been analyzed in detail in a professionally writer and detailed market research report recently published by Transparency Market Research. The report states that the market will exhibit a favorable CAGR of 8.18% over the period between 2014 and 2020, and rise to a valuation of US$4,873.4 mn by 2020.The report is titled “Sand Control Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020” and is available at the company website for sale.
Browse the full Sand Control Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020 report at https://www.transparencymarketresearch.com/sand-control-systems.html
Sand control techniques refer to a variety of methods utilized for minimizing the influx of sand into oil and gas exploration wells. Particles of rocks or sand released during the drilling of oil and gas wells get mixed with the oil and gas and hinder their recovery by blocking apparatus such as tubing, casing, separators, and flowlines. In some cases, the sand can lead to the breakdown of the casing or damage and/or destroy downhole and surface equipment. In extreme cases, the presence of sand can also cause an explosion the exploration site. Thus, special care needs to be taken to control sand in an oil and gas exploration and recovery expedition.
With the continuous rise in oil and gas exploration and recovery activities from conventional as well as unconventional sources, the demand for a variety of sand control systems has increased on a global front.
The global market for sand control systems has been segmented into technique type and geography in the report.
Based on technology type, the market has been segmented into gravel packing, plastic consolidation, stand-alone screens, high energy resin, resin coated gravel, plastic consolidation, frac pack, and other techniques. Of these, the segment of gravel packing presently holds the dominant position in the market owing to low implementation cost and high success rate in onshore as well as offshore oil and gas sites.
Geographically, the global market for sand control systems has been categorized into Europe, North America, Asia Pacific, and Rest of the World. Over the report’s forecast period, the sand control systems market is expected to see the highest growth in the Asia Pacific regional market due to the continuous rise in drilling activities in countries such as Malaysia, Indonesia, Myanmar, and Australia over the past few years.
The market is also expected to see significant surge in demand from the Rest of the World regional segment owing to the latest discovery of vast reserves of oil and gas in offshore oilfields in countries such as Mozambique, Egypt, and Tanzania.
The report also gives detailed insight into the competitive scenario of the global sand control systems market. Business profiles of major vendors in the market, including Halliburton Company, Ceradyne, Inc., Weatherford International Ltd., Baker Hughes, Inc., Variperm (Canada) Limited, Superior Energy Services, Inc., Schlumberger Limited., RPC, Inc., Grit Industries, Inc., and Welltec A/S have been included in the report. Along with this, details such as recent technological developments, activities such as mergers and acquisitions, finance related details, business strategies, and other data pertaining to market’s major vendors have also been analyzed in the report.
The market has been segmented into:
Sand Control Systems Market: Technique Type Analysis
- Resin coated gravel
- Plastic consolidation
- Resin coated gravel
- Stand-alone screens
- Gravel packing
- Frac pack
- Others (High energy resin placement and selective completion practices)
Sand Control Systems Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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