WASHINGTON, Feb. 09, 2022 (GLOBE NEWSWIRE) -- The Global Sand Control Solutions Market size is expected to reach USD 4.46 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. Increased reserve for the production of the wells and increasing shale development activities are propelling the growth of sand control solutions market. On the other hand, changing crude oil prices is hindering the sand control solutions market growth. Whereas, rising offshore production and exploration activities is expected to provides various growth opportunities of sand control solutions market, states Vantage Market Research, in a report, titled: “Sand Control Solutions Market by Location (Onshore, Offshore), by application (Open Hole, Cased Hole), by Well type (Horizontal, Vertical), by Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”. The market size valued at USD 2.48 Billion in 2021.
Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/sand-control-solutions-market-1221/request-sample
(The Free Sample Of This Report Is Readily Available On Request).
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 155+ Pages Research Report (Including latest research).
- Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
Market Overview:
Increasing Oil and Gas Project Exaggerate the High Market Demand
Sand control solution is used for rupturing the shale to extricate natural gas, oil, and natural gas liquids from pores in the rock. With the increasing crude oil prices, many oilfield operators are giving more attention towards improving the reserve to production ratio by focusing on existing wells. Thus, it increases the natural production levels which in turn increases the demand for sand control solution market in the coming years. In addition, this sand control solution technique provides various advantages such as provide localized economic benefit, secure source of energy, repaired environmental changes. All these advantages are escalating the high demand for sand control solution market in the coming years.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. The Sand Control Solutions Market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy impairing various industries. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data-points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Region 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/sand-control-solutions-market-1221/1
Benefits of Purchasing Sand Control Solutions Market Reports:
- Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
- Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
- Assured Quality: Focuses on accuracy and quality of reports.
- Incomparable Skills: Analysts provide in-depth insights into reports.
The Report on Sand Control Solutions Market Highlights:
- Assessment of the market
- Company Profiles
- Premium Insights
- Competitive Landscape
- Historic Data, Estimates and Forecast
- COVID Impact Analysis
- Global and Regional Dynamics
North America Dominates the Sand Control Solutions Market
North America is expected to witness the largest share of the sand control solution market during the forecast period. Rising urbanization, industrialization and population are providing maximum growth of sand control solution market in the developing countries such as India and China. In addition to this, various competitors are majorly focusing in the new development for sand control solution technique, thus propelling the market demand. For instance, Halliburton, an American multinational corporation, launched the Xtreme Single-Trip Multizone (XSTMZTM) system for completing wells in deep-water and ultra-deep-water conditions up to 15,000-psi.
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/sand-control-solutions-market-1221
List of Prominent Players in the Sand Control Solutions Market:
- Tahe Oil Field (China)
- Daqing Field (China)
- Adavale Basin (Australia)
- Cooper Basin (Australia)
- Amadeus Basin (Australia)
- Ankleshwar (India)
- Digboi (India)
Recent Developments:
March, 2020: Tendeka won a contract from Mubadala Petroleum, an oil & gas company, to provide FloElite sand screens and FloSure Autonomous Inflow Control Devices (AICDs) to Mubadala Petroleum’s Jasmine, Manora, and Nong Yao fields in the Gulf of Thailand. The contract also has the option of two 1-year extensions.
December, 2020: Tendeka launched a one-trip remedial system to address the issue of sand control failure in wells. The Filtrex remedial sand control system provides the flexibility to be installed thru-tubing, through the tightest of restrictions. The Filtrex system provides the ability to perform sand clean out whilst installing the tool.
November, 2020: Halliburton introduced the Xtreme Single-Trip Multizone (XSTMZTM) system for completing wells in deep-water and ultra-deep-water conditions up to 15,000-psi. Based on 10,000-psi rated Enhanced Single-Trip Multizone (ESTMZTM) system, the increased pressure rating of the XSTMZ system allows operators to isolate and frac pack multiple zones at higher pump rates with larger proppant volumes. It also supports the ability to create zonal compartments for better stimulation of long pay zones that have high-pressure differentials between them.
October, 2019: Halliburton introduced the Xtreme Single-Trip Multizone (XSTMZTM) system for completing wells in deep-water and ultra-deep-water conditions up to 15,000-psi. Based on 10,000-psi rated Enhanced Single-Trip Multizone (ESTMZTM) system, the increased pressure rating of the XSTMZ system allows operators to isolate and frac pack multiple zones at higher pump rates with larger proppant volumes. It also supports the ability to create zonal compartments for better stimulation of long pay zones that have high-pressure differentials between them.
Browse market data Tables and Figures spread through 160 Pages and in-depth TOC on "Sand Control Solutions Market by Location (Onshore, Offshore), by application (Open Hole, Cased Hole), by Well type (Horizontal, Vertical), by Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)". View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/sand-control-solutions-market-862147
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Sand Control Solutions Market?
- How will the Sand Control Solutions Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Sand Control Solutions Market?
- What is the Sand Control Solutions market drivers and restrictions?
- What will be the CAGR and size of the Sand Control Solutions Market throughout the forecast period?
This market titled “Sand Control Solutions Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 2.48 Billion |
| Projected Market Size in 2028 | USD 4.46 Billion |
| CAGR Growth Rate | CAGR of 8.7% From 2022 - 2028 |
| Base Year | 2021 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2022 - 2028 |
| Segments Covered | Location: - Onshore, Offshore Application: - Open Hole, Cased Hole Well type: - Horizontal, Vertical Type: - Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, Others |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/sand-control-solutions-market-1221/request-sample
Browse More Related Report:
- Rotary Blasthole Drilling Rig Market:- https://www.vantagemarketresearch.com/industry-report/rotary-blasthole-drilling-rig-market-0518
- Mine Drilling Rig Market:- https://www.vantagemarketresearch.com/industry-report/mine-drilling-rig-market-0517
- Pipeline Transportation Market:- https://www.vantagemarketresearch.com/industry-report/pipeline-transportation-market-1183
- Thermoplastic Pipe Market:- https://www.vantagemarketresearch.com/industry-report/thermoplastic-pipe-market-1144
About Vantage Market Research:
Vantage Market Research is a reputed company committed to providing high quality data and market research services. The company provides quantified B2B high quality research on more than 20,000 emerging markets. The company offers detailed reports on multiple industries including chemical materials and energy, food and beverages, healthcare, technology, etc. The company comprises over 125 analysts and consultants, adding more than 1,100 market research reports to its vast database every year. The company’s clientele base spans across 70% of the Global Fortune 500 companies.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Blog:
- https://bwsc.kr/
- https://makitirapide.com/
- https://www.globalresearchwire.com/
- https://marketstrades.com/
- https://v-mr.biz/
