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Sand Control System Market Analysis, Segment, Trends and Forecasts To 2024

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• Sand Control System Market size was valued at over USD 4 billion in 2015. Increasing drilling activities is anticipated to drive the sand control system market during the forecast period.

• 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). 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.

Industry Summary

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• 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.

• Gravel packing is a widely used sand control technique in well completion owing to its flexibility and low implementation cost. Its market is expected to grow with over 11% CAGR globally. In gravel packing, sand is used as filter to prevent production of sand. Gap between a sand control screen and wellbore is filled with sized gravels which prevent sand formation to migrate into a wellbore thereby enhancing well productivity. 

Product Trends

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Major player of global sand control systems market

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• 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.

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