Press release
Solid Control Equipment Market 2021 Comprehensive Insights - Schlumberger Limited, Halliburton Company, Weatherford International Plc, Baker Hughes Company
The Solid Control Equipment Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Solid Control Equipment market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Solid Control Equipment market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Solid Control Equipment market.“The solid control equipment market is expected to grow at a CAGR of around 2.5% during the forecast period.”
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Top Leading Companies of Solid Control Equipment Market are Schlumberger Limited, Halliburton Company, Weatherford International Plc, Baker Hughes Company, GN Solids Control, Derrick Corporation, KES Energy Equipment Manufacturing Hebei Co. Ltd, China Petroleum Technology & Development Corporation (CPTDC), KOSUN Machinery Co. Ltd, ORS International Ltd and others.
Key Market Trends:
Offshore Sector to Witness Significant Growth
- Solid control equipment is used in oil & gas upstream sector, to separate the solid particles out of the drilling fluid. The activity helps a drilling operator to reuse the drilling fluid without disposing it into the environment.
- Solid control equipment consists of several processes. The most widely used are shale shaker, desander, desilter, and vacuum degasser. A centrifuge is another process in the solid control equipment, which is primarily used to segregate solid particles of around 5 microns.
- As of December 2019, there are nearly 245 active offshore drilling rigs around the world. With active participation from countries like Brazil concentrating more on offshore activities due to its high presence of hydrocarbon reserves on offshore locations, the sector is likely to have significant growth during the forecast period.
- However, amid global pandemic, in June 2020, the Norwegian Petroleum Directorate (NPD) has granted Neptune Energy for drilling permits for two wildcat wells (34/4-15 S and 34/4-15 A) drilling in the North Sea off Norway. The wells are estimated to be drilled from the Deepsea Yantai drilling rig.
- Moreover, in June 2020, the Scottish government has set up a fund, worth of approximately USD 78 million to help the energy sector recover from the economic impact of COVID-19 and the oil & gas price crash. Therefore, such steps are likely to help to overcome the negative impact and would help the market to rebound and grow during the coming years.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Solid Control Equipment Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Solid Control Equipment Market (%),2016 - 2026
- Solid Control Equipment Market Share, By Brand
- Solid Control Equipment Market Share, By Company
- Solid Control Equipment Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Solid Control Equipment Market Value Analysis & Forecast
- Promising Solid Control Equipment Development by Major Companies
- Detailed Solid Control Equipment Portfolio of the Major Companies
- Major Deals in the Solid Control Equipment Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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