Sand Control System Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Report ID: GMI718

Inquiry Before Buying   Table of Contents

Sand Control System Market size was valued at over USD 4 billion in 2015. Increasing drilling activities is anticipated to drive the sand control system market during the forecast period.
 

Increasing drilling activities across the globe is likely to propel sand control system market growth over the forecast timeframe. For instance, North America, led by the U.S and Canada, has witnessed significant increase in rig counts over the last 1 month (July 2016). Moreover, increasing well completion activity owing to high crude oil demand from US, Mexico and Canada. Discovery of offshore field oil & gas reserves in countries such as Tanzania and Mozambique is forecast to drive industry growth. Furthermore rise in oil and gas demand from developing countries such as India and China may boost global sand control system market from 2016 to 2024.
 

Low crude oil prices (around USD 40), high cost and technical barrier associated with well intervention activity and stringent government regulation are expected to be the major restraints for sand control system market. Sand control system is used to prevent sand from interfering with exploration. It helps to enhance the productivity of oil and gas well, stabilizes the reservoir and reduce the chances of erosion and wear of equipments. Sand control system plays a better role in offshore oil and gas well than onshore well.
 

Global sand control system market technology has been segmented into maintenance and workover, selective completion practices, high energy resin placement, gravel packing, rate exclusion, plastic consolidation, stand-alone slotted liners or screens and resin coated gravel. The selection of sand control techniques depends upon different parameters of reservoir as well as political and environment conditions. Flow rate, grain size distribution, interval length, well deviation, operational costs and clay content are also considered during the selection of sand control system.
 

Gravel packing is a widely used sand control technique in well completion owing to its flexibility and low implementation cost. Its market is expected to grow with over 11% CAGR globally. In gravel packing, sand is used as filter to prevent production of sand. Gap between a sand control screen and wellbore is filled with sized gravels which prevent sand formation to migrate into a wellbore thereby enhancing well productivity. Gravel pack is divided into external gravel pack (open hole gravel pack) and internal gravel pack (cased hole gravel pack).The cost of gravel pack is coupled with rig cost.
 

Global sand control system market applications are segmented into offshore and onshore location. North America, led by the U.S. is the industry leader and holding largest share in 2015. It has been expected and forecasted that sand control system market will witness significant grow in near future owing to increasing offshore drilling activities.
 

It has been expected and forecasted that sand control system market of Asia Pacific, led by China, South Korea and Japan will witness a highest growth rate owing to its high demand for oil and gas products. Increase in exploration and production activities will complement the industry growth during the forecast period.
 

Indonesia, Energy and Mineral Resources Ministry target to increase the oil production to 760,000 barrels of oil per day from 740,000 will drive the sand control market during the forecast period. Increasing number of drilling activity and development of new oil and gas field in Africa will drive the industry growth in the near future.
 

 Some of the major player of global sand control systems market Ceradyne, Inc., Weatherford International Ltd., Schlumberger Limited., Baker Hughes, Inc., Variperm (Canada) Limited, RPC, Inc., Superior Energy Services, Inc., Halliburton Company, Grit Industries, Inc., Welltec  A/S  and others.
 

 


What Information does this report contain?

What was the historic market data from 2012 to 2015, what is the industry growth forecast from 2016 to 2024?
A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security

Connect with our sales team