Industry Forecast

Sand Control System Market Size, Share | Report, 2024

News   •   Oct 12, 2016 02:46 EDT

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.

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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.

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.

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