Sand Control Systems Market Highlights
According
to MRFR analysis, the global sand control systems market is estimated to expand
at a CAGR of 4.7% during the estimated period (2017-2023). Sand control systems
is one of the major parts in oil & gas production system. It helps eliminate
the sand production in the wellbore. The system plays a major role in the
completion process and it recovers the performance and the productivity of the
well. Nowadays, most of the world’s oil and gas wells produced from
unconsolidated sandstones produce sand with reservoir fluids. Problems
associated with sand production include plugging of perforation tunnels,
accumulation in surface separators, sanding up of the production interval, and
potential failure of downhole and surface equipment from erosion. Such problems
can pose economic and safety risks.
The
sand control systems market is growing at a high pace and is expected to
continue grow at the same pace over the forecast period. Due to fluctuating
prices of crude oil, global sand control systems market is gaining traction
from the major oil producing companies to lift production of active oilfields.
Competitive Landscape:
Global
sand control systems market seems to be extremely uneven and competitive owing
to the presence of several large and medium players active in regional market.
The key strategies traced from the analysis of recent developments of the key
players include product launch, acquisition and expansion, agreement &
partnership. Strategic partnerships between key players support the growth and
expansion plans of the key players during the forecast period.
Leading Players:
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.)
Global Sand Control Systems Market
Segmentation
The
global sand control systems market has been segmented based on technique, well
type, application, and region.
On
the basis of technique, the market has been segmented into Gravel Pack, Frac
Pack, Sand Screens, Inflow Control Devices and others.
On
the basis of well type, the market has been segmented as cased hole and open
hole
Based
of application, the industry has been segmented as onshore and offshore.
Sand Control Systems Market Regional
Analysis
On
the basis of region, the market has been segmented into North America, Europe,
Asia Pacific, and Rest of the World. Asia Pacific region dominates the global
sand control systems market in 2017. Increasing population and rapid industrial
development are leading to increase in energy demands, which push oil and gas
exploration activities. Oil and gas exploration activities are well underway in
countries such as Malaysia, Australia, Indonesia, and Myanmar. This drives the
sand control systems market.
Middle
East & Africa is another prominent region for the sand control systems.
Nigeria, Saudi Arabia and UAE, are the biggest oil and gas exporters. Growing
investments in the region by various companies such as Saudi Aramco, a national
petroleum & natural gas firm in Saudi Arabia, are driving the market.
TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Process
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
Continued…..
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