Sand Control Systems Market Insights
Sand Control Systems Market is likely to witness an impressive CAGR of 4.0% during the forecast period. Rising oil & gas production, high day rates of offshore rigs, escalating drilling activities in the Asia-Pacific region, ease of drilling and production of gas and growth in number of wells are the prime factors driving the growth of the sand control systems market.
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Sand Control Systems Market - Snapshot
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Growth
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4.0% for the next five years
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Major Techniques Type
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Gravel Pack
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Major Well Completion Type
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Onshore
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Dominant Application Type
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Gravel Pack
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Region with the highest demand
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North America
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Key Players
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Honeywell International Inc., BAE Systems PLC, Koninklijke Ten Cate bv, Koninklijke DSM N.V., E.I. du Pont de Nemours and Company, Morgan Advanced Materials, Southern States LLC, Barrday Corporation, PRF Composite Materials, and Gaffco Ballistics Inc.
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Sand Control Systems Market Share: By Technique Type
Based on the technique type, the market is segmented as gravel pack, frac pack, sand screens, inflow control devices, and others. The gravel pack segment led the sand control systems market in 2019, and is estimated to govern the market during the forecast period. Increasing drilling of epidemic oil and gas fields in onshore regions across the world attributed for the largest market share of the gravel pack segment in 2019. The inflow control devices segment is likely to register the fastest growth during the forecast period. Increasing age limit of the well and reduction in expenditure are the main factors driving the inflow control technique segment of the sand control systems market during the forecast period.
Sand Control Systems Market Share: By Well Type
Based on the well type, the market is categorized as open hole and cased hole. The cased hole segment dominated the market in 2019. The open hole segment is expected to offer lucrative growth opportunities during the forecasted period. The segment shows the increasing adoptability in deep water and offshore oil projects owing to progress in demand for reliable installations and to ensure productivity of wells for a longer period of time.
Sand Control Systems Market Share: By Application Type
Based on the application type, the sand control systems market is segmented as onshore and offshore. The onshore sub-segment dominated the market in 2019, and is estimated to dominate the market during the forecast period driven by the vast presence of oil & gas reserves and growing dependency on conventional oil & gas. The offshore application segment is expected to register a faster growth during the forecast period.
Sand Control Systems Market Share: By Region
In terms of regions, the market in the Asia-Pacific region dominated the global sand control systems market in 2019. Increasing economies of developing countries, such as Australia and China, mounting governmental support in oil & gas industry, and growing private investments to support new drilling activities are expected to drive the sand control systems market in the Asia-Pacific region.
Some of the major players in the sand control systems market are Baker Hughes, Halliburton, Schlumberger, Weatherford, and National Oilwell Varco, among others.
Market Scope & Segmentation
Sand Control Systems define the process to manage/minimize sand and quality manufacturing for the duration of petroleum manufacturing. Sand satisfactorily produced with oil and fuel can create erosion and wear on of manufacturing facilities, the consequences of such process reflects in manufacturing downtime, expensive repairs, and potentially lack of containment.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Sand Control Systems Market Research Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>150
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Company Profiles
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9
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The sand control systems market is segmented into the following categories.
Sand Control Systems Market Size, Share, & Forecast, by Technique Type:
- Gravel Pack (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Frac Pack (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sand Screens (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Inflow Control Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Sand Control Systems Market Size, Share, & Forecast, by Well Type:
- Open Hole (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cased Hole (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Sand Control Systems Market Size, Share, & Forecast, by Application Type:
- Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Sand Control Systems Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the technique types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
