Sand control refers to managing/minimizing sand and fine production during petroleum production. Sand and fine produced with oil and gas can cause erosion and wear of production facilities/equipments, resulting in production downtime, expensive repairs, and potentially loss of containment (serious safety risk).
Market Analysis and Insights: Global Sand Control Systems Market
Due to the COVID-19 pandemic, the global Sand Control Systems market size is estimated to be worth US$ 2087 million in 2022 and is forecast to a readjusted size of US$ 2492 million by 2028 with a CAGR of 3.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Gravel Pack accounting for % of the Sand Control Systems global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Onshore segment is altered to an % CAGR throughout this forecast period.
The onshore sub-segment led the sand control systems market in 2017 and is projected to dominate the market during the forecast period due to the vast presence of oil & gas reserves and increased dependency on conventional oil & gas. The offshore application segment is expected to grow at the fastest rate during the forecast period.
Global Sand Control Systems Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Sand Control Systems Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Gravel Pack
Frac Pack
Sand Screens
Inflow Control Devices
Others
Segment by Application
Onshore
Offshore
By Company
Schlumberger
Weatherford
Halliburton
National Oilwell Varco
Baker Hughes (GE)
Dialog
Interwell
Mitchell
Oil States International
Packers Plus
Superior Energy
Tendeka
Variprem
Welltec
Hebei Shengkai
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina