Global Sand Control Systems Market
The Global Sand Control Systems Market was valued at USD 2.32 billion in 2016 and is projected to reach USD 3.25 billion by 2025, growing at a CAGR of 3.82% from 2017 to 2025.
Sand Control refers to minimizing sand and fine production during petroleum production. Sand and fine produced with oil and gas can cause erosion and wear of production equipments, resulting in production downtime, expensive repairs, and potentially loss of containment. Benefits of Sand control system include - eliminated sand production, short deadline met to realize, early production, and nearly doubled production over expected rates.
1. Market Drivers
1.1 Increasing number of well drilled
1.2 Ease of drilling and production for oil reservoirs
1.3 New oilfield discoveries
1.4 Re-development of aging reservoirs
1.5 Increasing day rates of offshore rigs
2. Market Restraints
2.1 Strict government regulations
2.2 Large stockpiles of crude oil
The Global Sand Control Systems Market is segmented on the well type, technique, application, and region.
1. Well Type:
1.1 Open Hole
1.2 Cased Hole
2. By Technique:
2.1 Sand Screens
2.2 Inflow Control Devices
2.3 Gravel Pack
2.4 Frac Pack
3. By Application:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. National Oilwell Varco
5. Packers Plus
8. Hebei Shengkai
11. Baker Hughes, A Ge Company
13. Oil States International
14. Superior Energy
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Sand Control Systems Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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