Sand Control Systems Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027
Sand
Control Systems Market – Snapshot
Sand
production is a major challenge that engineers face during drilling
and well completion operations in the oil & gas industry.
Production of sand occurs due to earth stresses and additional stress
caused by the drilling activity. This breaks down the rocks
comprising crude oil and natural gas. This is prominent in
unconsolidated rock formations. The produced sand erodes equipment,
creates down-hole cavities, and blocks tubing. This can hamper the
production process. In certain cases, the casing can collapse due to
sudden and extreme changes in pressure and stress during drilling
operations. Additionally, down-hole equipment can deteriorate due to
the accumulation of sand. In extreme cases, the accumulation of sand
can result in severe blowout. Ensuring sand-free crude oil and
natural gas production is critical to the effective maintenance of
well productivity over an extended period of time. Production of sand
while drilling adversely impacts well operations. Therefore, sand
control systems play an important role in the proper functioning of a
well.
global
sand control systems market
Based on
technique, the global sand control systems market has been segmented
into gravel packing, standalone screens, resin coated gravel, plastic
consolidation, and others (including rate exclusion and high energy
resin placement). Gravel packing was the dominant segment of the
global sand control systems market in 2018. Any type of well of any
deviation can be easily accommodated and gravel packed. Large numbers
of petroleum companies are using this sand control technique in
majority of wells across the globe. This technique is expensive, but
effective when properly implemented. It is also considerably
flexible. Standalone screens is another commonly employed technique
for sand control globally. However, the technique needs to be
customized as per specific well requirements.
Based on
application, the global sand control systems market has been
bifurcated into onshore and offshore. Onshore was the dominant
segment of the global sand control systems market in 2018. The
segment is projected to expand at a moderate pace during the forecast
period. The offshore segment is expected to expand rapidly during the
forecast period due to the rise in offshore drilling activities
across the globe. The number of offshore wells drilled in 2018 were
more than those drilled in 2017.
In
terms of well completion, the global sand control systems market has
been segregated into open hole and cased hole. Cased hole was
estimated to be the dominant segment of the global sand control
systems market in 2018. The open hole segment is expected to gain
momentum during the forecast period. This can be attributed to the
rise in usage of open hole completion in offshore applications. Open
hole well completions are being increasingly adopted in deep water
and offshore oil projects due to the rise in need of reliable
installations and to ensure productivity of wells for a large period
of time. Well intervention is not cost-effective in case a well
produces sand in offshore applications. Therefore, sand control
systems are increasingly being employed in open hole well
completions.
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Based on
region, the global sand control systems market can be classified into
North America, Europe, Asia Pacific, Middle East & Africa, and
Latin America. Middle East & Africa is the largest producer of
oil and gas in the world. This is driving the sand control systems
market in the region. The sand control systems market in Middle East
& Africa is estimated to expand at a rapid pace during the
forecast period. The market in Asia Pacific and Latin America is
projected to expand at an above average pace during the forecast
period. North America and Europe are also the key producers of crude
and natural gas in the world. Demand for sand control systems is
expected to rise at a moderate pace in these regions during the
forecast period. New crude oil and natural gas discoveries and high
potential reserves create opportunities for companies operating in
the sand control systems market. These new oil and gas discoveries
require sand control systems to manage and prevent wells from
producing sand. Therefore, newly discovered and potential oil &
gas reserves are estimated to create lucrative opportunities for the
sand control systems market.
The
global sand control systems market is oligopolistic. It is dominated
by large-sized players specializing in sand control and other
oil-field related services. Key players such as Schlumberger Limited,
Baker Hughes, Inc., Halliburton Company, and Weatherford
International Limited dominate the sand control systems market. These
companies possess high technical expertise. Other players operating
in the sand control systems market include Grit Industries, Inc.,
RPC, Inc., Superior Energy Services, Inc., Variperm Limited, and
Welltec A/S.
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