Sand Control System Market Insights and Outlook 2018 to 2022
The global sand control systems market is projected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach a market size of USD 2.84 billion by 2022 from USD 2.36 billion in 2017. Rising oil & gas production, high day rates of offshore rigs, increasing drilling activities in Asia Pacific region and growth in number of wells are the major drivers of the sand control systems market.
The report segments the sand control systems market, by technique, into gravel pack, frac pack, sand screens, inflow control devices, and others. Others include systems for cased and open-hole completions and combination of gravel pack and sand screens. The gravel pack sub-segment dominated the technique segment in 2016 due to increasing drilling of conventional oil and gas field in growing onshore regions across the world.
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Scope of the Report
By Application, the Sand Control Systems Market has been segmented into the following:
By Technique, the Sand Control Systems Market has been segmented into the following:
- Gravel Pack
- Frac Pack
- Sand Screens
- Inflow Control Devices
By Well Type, the Sand Control Systems Market has been segmented into the following:
- Cased Hole
- Open Hole
By Region, the Sand Control Systems Market has been segmented into the following:
- Asia Pacific
- North America
- South America
- The Middle East &
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The report defines, describes, and forecasts the global sand control systems market by application, well type, technique, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the sand control systems market.
Why buy this report?
- The report identifies and addresses key markets for sand control systems, which would help manufacturers review the growth in demand.
- The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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Asia Pacific: The leading market for sand control systems
In this report, the sand control systems market has been analyzed with respect to six regions, namely, Asia Pacific, North America, Europe, South America, the Middle East, and Africa. The market in Asia Pacific led the global sand control systems market in 2016. Growing economy of developing countries such as Australia and China, growing governmental support in oil & gas industry, and increasing private investments to support new drilling activities are expected to drive the sand control systems market in Asia Pacific.
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