Sand Control Systems Market Highlights
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. 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).
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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.
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.
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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.
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