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Sand Control System Market Analysis, Regional Outlook, Competitive Strategies and Forecasts to 2025

Author : Rahul Sankrityayan | Published Date : 2019-10-16 

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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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.

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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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