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Sand Control Systems Market Analysis, Regional Trend, Future Demand, Key Players Updates, Business Prospects and In-depth Analysis Research Report by Foresight to 2027

Sand Control Systems Market Information Report by Type (Gravel Pack, Frac Pack, Standalone Screens, Expandable Screens, Sand Consolidation, Inflow Control Devices, and Others), Well type (Land and offshore) and Region - Forecast to 2027
Published 25 April 2018

Market Overview:

Sand control systems is a method help in eliminating the sand production in the wellbore. This is the most common requirement for several oil & gas producing wells across the globe. The system plays a significant role in the whole completion process and it improves the performance and the productivity of a well. There are two major situations which cause sand formation. The first is rock mechanical failure near wellbore and another one is the drafting force from production and injection fluid which leads to the formation of the sand near the wellbore. Sand production can cause several issues like erosion to completion string downhole tool, and damage surface facilities as separator, piping etc.

High demand for energy across the globe has resulted in rapid growth in the offshore drilling activities to meet the increasing demand, which ultimately has provided significant lift to the well completion market. Due to fluctuating crude oil prices, oil & gas producers are mainly focusing on to boost the production of active oilfields. They are incorporating advanced production equipment’s such as sand control systems to maximize production. However, stringent government regulations for drilling and high cost for drilling are the factors may hamper the market growth of the market.

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Competitive Landscape:

Global Sand Control Systems Market appears to be highly uneven and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period.

Halliburton (US), Baker Hughes (US), National Oilwell Varco (US), Schlumberger (US), Weatherford (Switzerland), Oil States International (US), Tendeka (UK), Welltec (Denmark), Packers Plus (Canada), Interwell (Norway), and Superior Energy among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global sand control systems market.

Industry News:

In July, 2017 – Recently, National Oilwell Varco has launched the Bullmastiff Original (MO), an open hole, ball drop activated multistage frac system that includes proppant and formation debris control. Preventing proppant flow back is achieved with the use of sand control systems that are exposed post-frac to begin production. By utilizing a mechanical method of sand control, the Bullmastiff MO improves well economics over the lifetime of the well by reducing surface facility requirements and providing production efficiencies.

In January, 2017 – Halliburton has launched Endurance Hydraulic Screen, a compliant screen that provides a new level of sand control completion, providing reservoir compliance through positive wellbore support. The system eliminates the annular gap between the screen and open hole upon hydraulic activation.

In March, 2015 – Halliburton’s Completion Tools business line has launched the EquiFlow OptiSteam flow control device (FCD) for steam-assisted gravity drainage (SAGD) injectors. This innovative flow control technology helps operators maximize production efficiency and improve steam-oil ratio by balancing steam injection throughout the length of a completion.

Market Segmentation:

The scope of global sand control systems market is segmented into two major segments which are explained below:

On the basis of Type, the market has been segmented into Gravel Pack, Frac Pack, Standalone Screens, Expandable Screens, Sand Consolidation, Inflow Control Devices, and Others. The gravel pack dominated the type segment of the market due to the increasing drilling of the oil and gas field in the onshore regions.

On the basis of well type, the market has been segmented land and offshore. Land dominates the well type segment of global market. Offshore segment is expected to be the fastest growing segment during the forecast period. Growing deep & ultra deep water drilling activities across the globe fuelling the demand of the market.

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Regional Analysis:

Geographically, the global sand control systems market has been segmented into North America, Europe, Asia Pacific and Rest of the World. Among these, North America dominates the sand control systems market mainly due to the increase in onshore and offshore exploration activities in the region. The U.S. held the largest market share in the North American region.

High demand for energy in Asia Pacific region due to urbanization & industrialization from the countries like India, China, and Indonesia among others driving the demand of the market. Huge opportunity of oil production lies in the Middle East whereas the European region account for substantial share of oil and gas demand and are likely to have significant impact on the sand control systems market.

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