The ability of sand control systems to enhance well productivity and prevent reservoir migration has led to a rising uptake of these products. Furthermore, the use of sand control systems in reservoir stabilization has created growth opportunities across the world. Advancements hydrocarbons and developments made in inflow control devices have enabled applications over diverse domains. Sand control systems play a major part in the oil and gas industry due to the aforementioned applications. The report identifies some of the factors that have intensified the growth of the global sand control systems market, along with some factors that have had an adverse effect on the market. Additionally, the report focuses on key market operators and stresses on the attractive business and their impact on the global market.
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The global sand control systems market will derive growth from advancements in hydrocarbons. According to a report by Fortune Business Insights, titled “Sand Control System Market Size, Share and Global Trend By Technique (Gravel Packing, Sand Screens, Resin Coated Gravel, Inflow control device), By Well Type (Open Hole, Cased Hole), By Application (Onshore, Offshore) and By Geography Forecast till 2027,” the market will witness growth in the coming years, due to advancements in inflow control devices.
Some of the leading companies that have had a huge global impact are
- Schlumberger Ltd.
- Baker Hughes Inc.
- Weatherford International
- National Oilwell Varco
- Oil States International Inc
- Sião Petróleo S.A.
- Welltec International
- Packers Plus Energy Services Inc.
- Superior Energy Services
- Variperm Canada Limited
Key Market Driver – Persistent exploration activities
Key Market Restraint – Fluctuating crude oil prices
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Key Segmental Overview:
1. By Technique
- Gravel Packing
- Sand Screens
- Resin Coated Gravel
- Inflow Control Devices
2. By Well Type
- Open Hole
- Cased Hole
3. By Application
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Schlumberger’s Exceptional Sand Control Services Continue to Induce Growth
The sand control systems market has witnessed growth contributions from recent developments in products and services. The technological advances made in sand control products have contributed significantly to the growth of the global market. The global sand control systems market has been blessed with some exceptional product developments through a host of companies currently operating in the market. Schlumberger, one0 of the leading companies offering sand control services has once again, impressed with its latest product addition. Schlumberger’s product offerings include open-hole sand control services, cased hole sand control services, downhole tool systems, wellbore preparation, and pumping equipment, among others. The global reach of Schlumberger, combined with a strong brand presence, will bode well for the global sand control systems market in the forthcoming years. Fortune Business Insights provides a detailed analysis of companies, similar to Schlumberger and labels out some of the leading companies that are operating in the current market.
Key Industry Developments
- In April 16 2019, South African port Ngqura has fixed a jet pump sand bypass system is meeting its dredging targets of 240,000 tonnes of sand per year. The whole sand bypass system is achieved by the computer-controlled system.
- In July 2018, Tendeka successfully completed R&D project with its sand control technology Cascade³ to prevent sand into a wellbore in water injection well in Permian Basin.
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Major Table of Content For Sand Control System Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Sand Control System Analysis, Insights and Forecast, 2027
- North America Sand Control System Analysis, Insights and Forecast, 2027
- Europe Sand Control System Market Analysis, Insights and Forecast, 2027
- Asia Pacific Sand Control System Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Sand Control System Market Analysis, Insights and Forecast, 2027
- Latin America Sand Control System Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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