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Increasing drilling activities is anticipated to drive the sand control system market during the forecast period.

Increasing drilling activities is anticipated to drive the sand

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).

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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.

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.

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.

Some of the major player of global sand control systems market Ceradyne, Inc., Weatherford International Ltd., Schlumberger Limited., Baker Hughes, Inc., Variperm (Canada) Limited, RPC, Inc., Superior Energy Services, Inc., Halliburton Company, Grit Industries, Inc., Welltec A/S and others.

About Global Market Insights:

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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