Gravel packing, freestanding screens, resin coated gravel, plastic consolidation, and other techniques have been used to segment the worldwide sand control systems market (including rate exclusion and high energy resin placement). In 2018, the worldwide Sand Control Solutions Market was dominated by gravel packing. Any sort of well, with any deviation, can be gravel packed with ease. This sand management technology is used by a large number of petroleum firms in the majority of their wells around the world. This method is costly, but when used correctly, it is quite successful. It’s also extremely adaptable. Standalone screens are another widely used sand control method around the world. However, the procedure must be tailored to the individual needs of each well.
The sand control solutions market size was $2.48 billion in 2021, and is projected to grow to a value of more than $4.46 billion by 2030, registering a CAGR (compound annual growth rate) of over 8% from 2022 to 2030.
Sand control refers to the management or limitation of sand output during oil production. Sand transported with oil and gas can cause disintegration and wear of production offices/supplies, resulting in lost production time, expensive repairs, and possibly a loss of control (serious safety risk).
Sand Control Solutions are techniques for reducing the amount of sand produced by an oil or gas well. Sand production causes formation damage and productivity loss, both of which can be expensive to rectify. Sand control technologies are designed to limit or eliminate sand flow into wellbore and surface equipment.
Global Sand Control Solutions Market- Segment Analysis
- GE(Baker Hughes)
- Oil States Energy Services
- Superior Energy Services
- Weatherford International
- RGL Reservoir Management
- Mitchell Industries
- Oil States International
- Anton Oilfield Services
- China Oilfield Services
- KATT GmBH
- MiddleEast Oilfield Services
- Mitchell Industries
- Siao Petroleo
Based on location
Based on application
The Sand Control Solutions Market application is classified into two segments:
- Open hole
- Cased hole
Based on well-type
The Sand Control Solutions Market well type is classified into two segments:
Based on Techniques
- Gravel pack
- Frac park
- Sand screens
- Inflow control devices
In term of geographic region, the global origin pea protein market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
North America is driving the global sand control solution market, which is predominantly attributed to presence of huge number of project workers offering sand control solution combined with minimal expense of work and accessibility of raw material.
Asia Pacific is projected to account for the highest growth pace of more than 15%, trailed by Middle East and Africa (MEA) during the forecast time frame due to surge in demand from new investigation activities, expansion of productive fields and acceptance of cutting edge mechanical technological advancement in oil and gas industry. In North America, the US is holding higher market share due to presence of a few oil and gas players and speculations from investigation and production organizations in shale information.
Table of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Sand Control Solutions Market: Estimates & Forecast Trend Analysis
- Europe Sand Control Solutions Market: Estimates & Forecast Trend Analysis
- Asia Pacific Sand Control Solutions Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Sand Control Solutions Market: Estimates & Forecast Trend Analysis
- Latin America Sand Control Solutions Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
The COVID-19 epidemic has had a detrimental impact on the whole power industry. The COVID-19 dilemma, according to the IEA, has had a severe impact on oil and gas exploration and production. The drop is primarily due to delays in project building and supply chain problems as a result of major countries imposing lockdowns, social distancing measures for workers, and financial difficulties.
For approximately two months, China, the world’s greatest consumer of oil, gas, and refined petroleum products, was under siege. As a result, oil prices began to fall in February 2020. Furthermore, in March 2020, Saudi Arabia and Russia engaged in an oil price war in response to Russia’s refusal to cut output in order to keep prices stable. This went on for several days, resulting in a downward trend in oil prices.
Key Benefits of Buying the Report
- The report identifies and addresses the key markets for sand control solutions application, which would help equipment manufacturers and raw material providers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Key Questions Answered in This Report:
- How has this market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on this market?
- What are the key regional markets?
- What is the breakup of the market based on the origin?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of this market and who are the key players?
- What is the degree of competition in the industry?
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