According
to the report, registering a healthy CAGR of 8.18%, the global sand
control systems market is likely to rise from US$2.6 bn in 2012 to
US$4.8 bn by 2020
In-depth
research report on Sand Control Systems Market with Full TOC at :
http://www.transparencymarketresearch.com/sand-control-systems.html
Sand
control techniques are used to reduce the influx of sand into natural
gas and crude oil wells. Fueled by advancements in sand control
techniques, rise in drilling activities, and recently discovered as
well as potential oil and gas reserves, the global sand control
systems market is projected to grow at a steady pace over the next
five years. However, trying to balance the economic viability of
deepwater well with the cost of sand control is anticipated to be a
major challenge for the sand control systems market.
On
the basis of technique, the market for sand control systems is
divided into plastic consolidation, stand-alone screens, frac pack,
selective completion practices, resin coated gravel, gravel packing,
and high energy resin replacement. Owing to its high success rate and
low implementation cost, gravel packing is the most commonly used
sand control technique in onshore and offshore crude oil and natural
gas wells.
Geographically,
the sand control systems market is segmented into North America, Asia
Pacific, Europe, and Rest of the World. The report states that by
2020, Asia Pacific is likely to emerge as the leading market for sand
control systems, fueled by increased demand for energy from countries
such as China, Japan, and South Korea. Rise in drilling activities in
Australia, Indonesia, Myanmar, and Malaysia has also resulted in
growth of the sand control systems market in Asia Pacific. Looking to
avoid any equipment damage, petroleum companies across the region
have been installing sand control systems at crude oil and natural
gas wells. This has also boosted the APAC market.
The
Rest of the World region is projected to emerge as a strong contender
in the global sand control systems market by the end of the forecast
period given the recent discovery of offshore oilfields in countries
such as Egypt, Tanzania, and Mozambique. Countries such as Nigeria,
Angola, Brazil, and Venezuela are rich in petroleum reserves and as a
result, Africa and Latin America hold immense potential for growth.
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Weatherford
International Ltd., Ceradyne, Inc., Schlumberger Limited., Superior
Energy Services, Inc., Baker Hughes, Inc., Welltec A/S, Variperm
(Canada) Limited, Grit Industries, Inc., RPC, Inc., and Halliburton
Company are some of the leading players operating in the global sand
control systems market. These participants are profiled in the
research report based on attributes such as company overview,
business strategies, financial standing, and recent developments.
Sand
Control Systems Market: Technique Type Analysis
- Resin coated gravel
- Plastic consolidation
- Resin coated gravel
- Stand-alone screens
- Gravel packing
- Frac pack
- Others (High energy resin placement and selective completion practices)
Sand
Control Systems Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
Article Sand Control Systems Market :
http://www.transparencymarketresearch.com/article/sand-control-systems.htm
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