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Sand control systems market scrutinized in new reports

Sand control systems market scrutinized in new reports

Sand control systems are used in a wide variety of industries to eliminate and prevent sand formations. Most commonly, however, they are used in wells to ensure they remain open and functional.

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Being that wells run underground, the formation of sand is a very real concern. When sand forms inside of a well, it can restrict or completely stop the flow of water; thus, forcing the owner to invest thousands of dollars into clearing the obstruction. Sand control systems are designed to prevent such disaster by keeping sand formations in check.

According to the Sand Control Systems Market by Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, and Others), Application (Onshore and Offshore), & Geography - Global trends and forecasts to 2019 report by Markets and Markets, the global sand control systems market is expected to grow at a compound annual growth (CAGR) of 11.3% through the forecast period.

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Researchers further say the market was valued at $2,376.4 million in 2014. By 2019, however, it's expected to reach $4,035.9 million. Featuring 145 pages with 68 data tables and 56 figures, it covers the market from all angles. The report cites North America as being the largest market for sand control systems, followed by Asia-Pacific and South America. Asia-Pacific's sand control systems is expected to grow at a 11.0% CAGR, while South America's sand control systems is expected to grow at 16.8% CAGR.

The Sand Control Systems Market by Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, and Others), Application (Onshore and Offshore), & Geography - Global trends and forecasts to 2019 report by RNR Market Research is a second comprehensive study of the global sand control systems market. This report analyzes the market from a professional perspective, revealing key insights such as value, size, trends, key regions, vendors and more. As explained in the report, sand control systems are a critical component of oil and gas. When oil and gas wells are constructed, these systems are used to prevent the intrusion of sand, which could otherwise prove damaging to the site.

The report cites the use of offshore sand control systems as experiencing the highest growth rate in the projected future. This is because it reduces the risk of failure caused by sand formations in wellbores, including deep water wells. The onshore segment of the market has the largest market share in terms of size, thanks in part to its high potential for use with natural reserves.

Some of the key sand control system vendors profiled in this report include Chlumberger Limited, Halliburton Corp., National Oilwell Varco, Weatherford International, Cameron International Corporation, Nabors Industries Ltd., Tendeka, Variperm, Dialog Group Berhad, Interwel, Mitchell Industries, Oil States International Corp., and others.

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Paul Hosking - Market Research NewsPaul Hosking
Category: New MediaCompany profile: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!