The market size of sand control systems was valued at over US $ 4 billion in 2015. During the forecast period, increased drilling activity is expected to drive the sand control system market.
Increased drilling activity around the world could drive the growth of the sand control system market over the forecast period. For example, in North America, led by the United States and Canada, the number of rigs has increased significantly in the past month (July 2016). In addition, high demand for crude oil from the United States, Mexico and Canada has led to an increase in well completion activities. The discovery of offshore field oil and gas reserves in countries such as Tanzania and Mozambique is projected to drive industry growth. In addition, increasing demand for oil and gas from developing countries such as India and China could boost the global sand control system market from 2016 to 2024.
A full report of Sand Control Systems Market available at: https://www.orionmarketreports.com/sand-control-systems-market/31269/
Key Players
The key players of the global sand control systems market are Schlumberger Limited (France), Halliburton Inc. (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International (Switzerland), and National Oilwell Varco (U.S.). Oil States International (U.S.), Tendeka (U.K), Welltec (Denmark), Packers Plus Energy Services Inc. (Canada), and Superior Energy Services, Inc. (U.S.) are among others.
Sand Control Systems Market Key Segments:
Based on Location
• Onshore
• Offshore
Based on application
• Open hole
• Cased hole
Based on Well type
• Horizontal
• Vertical
Based on type
• Gravel pack
• Frac pack
• Sand screens
• Inflow control devices
• others
Key Questions Answered by Sand Control Systems Market Report
• What was the Sand Control Systems Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Sand Control Systems Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Sand Control Systems Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
