Sand Control Systems Market

 Sand Control Systems Market Overview

Sand control systems are the systems which prevent the movement of reservoir fines and sand into well borne, improves the productivity, and stabilizes the reservoir. These systems utilize various technologies to control the sand into the well borne as entering of the sand in the production wells is considered as one of the major challenges faced by the oil companies.

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Major Sand Control Systems Market Drivers

There has been an increase in demand for energy with the rising rate of population at the global level. This factor has led to an upsurge in the number of drilling activities, thus bolstering the growth of the global sand control systems market. Moreover, various benefits offered by the sand control systems which includes the ability to decrease the total production & extraction cost, improve the well productivity, and stabilize the reservoir, which is also key factors that is accelerating the demand for such systems in the market worldwide.

In addition, the growth in the offshore production and exploration activities and rising number of investments in the oil and gas projects across various regions like Middle East and Africa are the factors that are augmenting the growth of the sand control systems market during the forecast period. For instance, in 2019, the investments in the oil & gas projects in the Middle East and Africa were worth more than USD 75 billion in which China was a major player. The ongoing projects in the region account of USD 68.1 billion out of USD 75 billion.

Restraint in the Sand Control Systems Market

The factors which are responsible for restraining the growth of the global sand control systems market include the varying prices of crude oil affecting the drilling activities worldwide.

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Location – Segment Analysis

Based on the location, the onshore segment is estimated to grow at a higher CAGR during the forecast period. The factor that is responsible for driving the growth of the market includes the increase in the adoption of sand control systems owing to the presence of various number of onshore oil & gas wells worldwide. In addition, increase in the drilling activities of the onshore wells as a result of growing development of the unconventional hydrocarbons is also a key factor that is accelerating the growth of the market during the forecast period.

Type – Segment Analysis

On the basis of the type, the gravel pack segment is anticipated to increase at a higher CAGR during the forecast period. The factor fuelling the growth of the gravel pack segment includes the growing demand for this type of sand control system by various companies owing to several advantages offered by gravel pack which includes high productivity, low drawdown owing to the high permeability gravel sand, increased suitability for compressed to tight sand formations, and long life, among others.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is expected to increase at a higher CAGR during the forecast period. The increase in the demand of oil from various countries like China owing to the expansion in the industrial activities and rapid urbanization. This is a major factor which is leading to the growth in the oil & gas production activities, thus accelerating the demand of the sand control systems in the region. In addition, the increasing investments by various players in the oil & gas projects is further driving the market growth. For instance, in 2020, the foreign firms that are registered in China having net assets of USD 43 million were permitted to take part in the oil & gas exploration and production activities in the country.

Top Market Players

Various notable players operating in the market include Halliburton, Schlumberger Limited, Weatherford, Baker Hughes Company, Superior Energy Services, Inc., Oil States International, Inc., Variperm Canada Limited, RGL Reservoir Management Inc., Tendeka, and China Oilfield Services Limited, among others.

Key Developments: 

• • In 2019, Tendeka launched a cost-effective single trip sand control solution to ease the sand failure in the wells. The remedial sand control system called Filtrex offers the flexibility to be installed thru-tubing, via the tightest of restrictions.
  • In 2017, Schlumberger Limited acquired Peak Well Systems, a company dealing in the design & development of the advanced downhole tools for the flow control, well integrity, and well intervention. Through this acquisition, the remedial and mechanical solutions for the cased-hole well intervention of Peak Well Systems strengthened the production services portfolio of the company. 

Segments covered in the Report:

The global sand control systems market has been segmented on the basis of location, type, well type, and regions. Based on the location, the market is segmented into offshore and onshore. Based on the type, the market is segmented into frack pack, gravel pack, inflow control devices, sand screens, and others. Based on the well type, the market is segmented into cased hole and open hole. 

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Key questions answered in this research report:

• • At what pace is the global sand control systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the sand control systems market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global sand control systems market?
  • Which technique generated maximum revenues in 2019 and identify the most promising technique during the forecast period?
  • What are the various types of the global sand control systems market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Location, By Type, By Well Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Halliburton, Schlumberger Limited, Weatherford, Baker Hughes Company, Superior Energy Services, Inc., Oil States International, Inc., Variperm Canada Limited, RGL Reservoir Management Inc., Tendeka, and China Oilfield Services Limited, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Sand Control Systems Market by Location

• • Offshore
  • Onshore

Global Sand Control Systems Market by Type

• • Frack Pack
  • Gravel Pack
  • Inflow Control Devices
  • Sand Screens
  • Others

Global Sand Control Systems Market by Well Type

• • Cased Hole
  • Open Hole

Global Sand Control Systems Market by Region

• • North America Sand Control Systems Market (Option 1: As a part of the free 25% customization)
    • North America Sand Control Systems Market by Location
    • North America Sand Control Systems Market by Type
    • North America Sand Control Systems Market by Well Type
    • US Sand Control Systems Market All-Up
    • Canada Sand Control Systems Market All-Up
  • Europe Sand Control Systems Market (Option 2: As a part of the free 25% customization)
    • Europe Sand Control Systems Market by Location
    • Europe Sand Control Systems Market by Type
    • Europe Sand Control Systems Market by Well Type
    • UK Sand Control Systems Market All-Up
    • Germany Sand Control Systems Market All-Up
    • France Sand Control Systems Market All-Up
    • Spain Sand Control Systems Market All-Up
    • Rest of Europe Sand Control Systems Market All-Up
  • Asia-Pacific Sand Control Systems Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Sand Control Systems Market by Location
    • Asia-Pacific Sand Control Systems Market by Type
    • Asia-Pacific Sand Control Systems Market by Well Type
    • China Sand Control Systems Market All-Up
    • India Sand Control Systems Market All-Up
    • Japan Sand Control Systems Market All-Up
    • Rest of APAC Sand Control Systems Market All-Up
  • RoW Sand Control Systems Market (Option 4: As a part of the free 25% customization)
    • RoW Sand Control Systems Market by Location
    • RoW Sand Control Systems Market by Type
    • RoW Sand Control Systems Market by Well Type
    • Brazil Sand Control Systems Market All-Up
    • South Africa Sand Control Systems Market All-Up
    • Saudi Arabia Sand Control Systems Market All-Up
    • UAE Sand Control Systems Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Sand Control Systems Market All-Up

Major Players Operating in the Sand Control Systems Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Halliburton
  • Schlumberger Limited
  • Weatherford
  • Baker Hughes Company
  • Superior Energy Services, Inc.
  • Oil States International, Inc.
  • Variperm Canada Limited
  • RGL Reservoir Management Inc.
  • Tendeka
  • China Oilfield Services Limited