Sand Control Systems
Market – Overview
The prerequisite to
prevent migration of reservoir fines and sand into a wellbore is motivating the
sand control systems market globally. Reports that examine the energy and power
industry has been presented by Market Research Future, which produces reports
on industry verticals that appraise the market expansion and prospects. The
market is anticipated to be bolstered by a CAGR of 4.7 % approximately in the
coming period.
The enhancement of
productivity and the need to maintain the stability of the reservoir is a
central factor boosting the sand control systems market. Moreover, the need to
guarantee maximum sand-free flow rates are further boosting the development of
the sand control systems market. The development of procedures and equipment
that can ensure the withstanding of anticipated drawdown in particular units of
the reservoir are further spurring the sand control systems market around the
world.
Segmental Analysis
The analysis of the sand
control systems market has been conducted on the basis of technique,
well type, application, and region.
Based on the technique,
the sand control systems market has been segmented into frac pack, inflow
control devices, gravel pack, sand screens, and others.
The sand control systems
market segmentation on the basis of well type comprises of cased hole and open
hole.
Application-based
segmentation of the sand control systems comprises of onshore and offshore. The
onshore segment controls the application segment of the sand control systems
market.
On the basis of region,
the sand control systems market is segmented into Europe, North America, APAC,
and Rest of the World.
Regional Analysis
The regional study of the
sand control systems market covers regions such as Europe, North America, APAC,
and Rest of the World. As per the analysis, the Asia Pacific region controlled
the sand control systems market in 2017. The growing population and speedy
industrial growth are adding to the upsurge in energy demands, which is pushing
oil and gas exploration activities. The exploration activities for oil and gas
are in progress in nations such as Indonesia, Malaysia, Australia, and Myanmar.
This factor is driving the sand control systems market. The Middle East &
African region is another well-known region in the sand control systems market.
Furthermore, nations such as Saudi Arabia, Nigeria, and the UAE, are the main
oil and gas exporters. Also, the mounting investments in the region by numerous
companies are driving the sand control systems market.
Competitive Analysis
The market is being
defined by the driving forces that are exerting an authoritative influence. The
improvements in the extraction of natural resources are further reinforcing
market expansion. The development of alternative raw material sources is
expected to further address the supply demands in the market. The fluxes in the
currency are projected to steady and therefore leave a favorable effect on the
market. The advancement of investment into physical capital is anticipated to
reinforce the market’s expansion in the forecast period. The upgrading of the
production facilities is anticipated further the market’s growth pace in the
coming years. Moreover, breakthroughs in technology are expected to exert a
positive influence on the development of the market. The impact of governmental
plans is inspiring additional progress in the market. The improvements in the
logistic chain are expected to create favorable prospects for growth in the
coming period.
The principal competitors
shaping the sand control systems market are Halliburton Inc. (U.S.),
Schlumberger Limited (France), Baker Hughes Incorporated (U.S.), Packers Plus
Energy Services Inc. (Canada), National Oilwell Varco (U.S.), Oil States
International (U.S.), Tendeka (U.K), Weatherford International (Switzerland),
Welltec (Denmark), and Superior Energy Services, Inc. (U.S.) among other
companies.
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