Sand Control Systems Market Report, History and Forecast 2013-2023, Breakdown Data by Companies, Key Regions, Types and Application

Global Sand Control Systems Market Research: Information by Technique, Well Type (Cased Hole and Open Hole), Application (Onshore and Offshore), and Regions – Forecast till 2023

Market Highlights:-
The sand control systems market is growing at a high pace and is expected to continue grow at the same pace over the forecast period. Due to fluctuating prices of crude oil, global sand control systems market is gaining traction from the major oil producing companies to lift production of active oilfields. According to MRFR analysis, the global sand control systems market is estimated to expand at a CAGR of 4.7% during the estimated period (2017-2023).

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Top Key Players:-
• Schlumberger Limited
• Halliburton Inc.
• Baker Hughes Incorporated
• Weatherford International
• National Oilwell Varco
• Oil States International
• Tendeka
• Welltec
• Packers Plus Energy Services Inc.
• Superior Energy Services, Inc. (U.S.)

Market Segmentation:-
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific region dominates the global sand control systems market in 2017. Increasing population and rapid industrial development are leading to increase in energy demands, which push oil and gas exploration activities. Oil and gas exploration activities are well underway in countries such as Malaysia, Australia, Indonesia, and Myanmar. This drives the sand control systems market.

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

In March 2015, Halliburton’s Completion Tools business line launched the EquiFlow OptiSteam flow control device (FCD) for steam-assisted gravity drainage (SAGD) injectors. This advanced flow control technology helps operators maximize production efficiency and improve steam-oil ratio by balancing steam injection throughout the length of a completion.
Hence, global sand control systems market is estimated to expand at a CAGR of 4.7% by the end of the forecast period.

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Competitive landscape:-
Global sand control systems market seems to be extremely uneven and competitive owing to the presence of several 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, acquisition and expansion, agreement & partnership. Strategic partnerships between key players support the growth and expansion plans of the key players during the forecast period.

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