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Sand Control Systems Market by Application, Techniques, Well Completions Type And Region - Global Forecasts to 2022

Sand Control Systems Market: Global Forecasts until 2022

  • October 2017
  • 166 pages
  • ID: 5174732
In this report:
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In May 2017, OPEC announced that it would extend cuts in oil output by nine months to March 2018, resulting in the ##.## million barrels per day supply cut to roll over into the first quarter of 2018.

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"The sand control systems market is estimated to rise at a compound annual growth rate of ~3.8 percent, between 2017 and 2022."

The sand control systems market is estimated to grow ~$2.8B by 2022, at a compound annual growth rate of ~3.8 percent, from ~$2.4B in 2017. Growing oil & gas production, increase in the number of wells to be drilled, growing drilling activities in APAC, and high day rates of offshore rigs are the main drivers of the sand control systems market. Big stockpiles of crude oil can hinder the increase of the sand control systems market.

"The offshore sub-segment of the application segment is anticipated to rise at the highest CAGR (Compound annual growth rate), between 2017 and 2022."

The offshore sub-segment of the application segment is anticipated to grow at the highest compound annual growth rate (CAGR), during the outlook period. Sand control systems are extensively used to prevent the formation of sand during the extraction of oil & gas from wells. These systems growth the productivity and efficiency of the well and near wellbore areas. Rising investments in oil & gas reserves are forecast to steer the increase in the offshore segment of the sand control systems market.

"Asia-Pac: The biggest market for sand control systems in 2016"

The sector in Asia Pacific (APAC) is currently the biggest market for sand control systems succeeded by the North American and European market. Presence of oil & gas potential reserves and growing drilling activities in the territory are driving the sand control systems market in the Asia Pacific area.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 28.0 percent, Tier 2 29.0 percent, Tier 3 43.0 percent

By Designation: D-Level- 43.0 percent, C-Level- 14.0 percent, and Others- 43.0 percent

By area: Asia Pacific- 43.0 percent, North america (NA)- 15%, Europe- 14.0 percent, South America- 14.0 percent, Middle East & Africa- 14.0 percent

Note: Others includes product managers, marketing managers, and sales managers.

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue, as of 2016: Tier 1 = > $10.0B, Tier 2 = From $1.0B to $10.0B, and Tier 3 = < $1.0B

The key players in the sand control systems market contain Halliburton, Baker Hughes, National Oilwell Varco, Schlumberger, and Weatherford.

Segment Research

The market research defines, depicts, and forecasts the overall sand control systems market by application, well type, technique, and area. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and opportunities. It also includes different important aspects of the market. These include an review of the competitive landscape, market forces, industry estimates in terms of value importance, and next trends in the sand control systems market.

Why acquire this industry report?

1. The study determines and addresses main markets for sand control systems, which would help manufacturers review the rise in demand.

2. The analysis benefits system providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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