Expansion of oil & gas industry and increasing demand of well control methods are the major factors propelling the market growth in the forecast period.
According to TechSci Research report, “United States Sand control system Market – By Region , Competition, Forecast & Opportunities, 2028”, theUnited States Sand control system market is growing owing to improve the reserve-to-production ratio from wells and ongoing shale development activities.The setting up of tools or use of methods to stop reservoir sand from leaking into the wellbore or the vicinity of the wellbore. To preserve the formation of the reservoir around the wellbore in weak formations, sand management is required. By using filters made of gravel grains to contain sand grains, the gravel pack help to limit sand in the formation. The ideal size of the gravel should match the size of the sand grain. In open wells with wall pipes, the gravel pack is often coil-shaped.
The sand that is stuck in an environment with insufficient cementing agents is unconsolidated. Due to poor consolidation, this type of sand has a high porosity and permeability. Sand control is therefore required for this particular type of sand production. Due to which the United States Sand control system market is expected to grow in the future.
According to a January 2022 announcement from the Department of Energy, the Strategic Petroleum Reserve have release 13.4 million barrels of oil to tackle both, the global oil supply shortage and the rising cost of petrol in the United States, emergency oil reserves have been released. Due to this announcement, the demand of Sand control system Market is gaining traction. Owing to which the market is expanding with a high CAGR in the forecast period.
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The United States sand control systems market is segmented based on techniques, well type, application, and region. Based on application, the market can be bifurcated into onshore and offshore. In 2022, offshore held the highest market share; throughout the forecast period, due to the fact that sand control systems are highly used in the offshore locations .
Based on techniques, the market is segmented into gravel packing, sand screens, resin coated gravel, and inflow control device. During the projection period, gravel pack is anticipated to expand at the greatest CAGR and had the largest market share in 2022. Due to its adaptability and inexpensive implementation, gravel packing is a widely utilized sand control technique. Sand control method are mainly used to restrict sand to get into production wells related problems, owing to which the market is anticipated to expand more quickly. Sand is used in gravel packing as a filter to stop sand from forming.
Based on well type, the market is segmented into open hole and cased hole. During the forecast period, cased-hole is expected to register a high CAGR and has held the highest market share. Due to technical considerations pertaining to the stability of the hole, cased-hole sand management techniques are more frequently used. Production casing is inserted into the reservoir and ensures secure production operations in a cased-hole completion. Additionally, it serves as a barrier to keep gases, undesirable fluids, and sediments out of the wellbore. Based on region, the market is divided into West, Midwest, Northeast, South.
Key market players in the United States Sand control system Market include:
- Schlumberger Limited
- Halliburton Company
- Baker Hughes Incorporated
- Weatherford International, PLC
- National Oilwell Varco
- Superior Energy
- Oil States International
- RGL Reservoir Management Inc.
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“The Sand Control Systems contain tools or machinery that aid in getting rid of sand mixing and forms. The system is crucial to the overall completion process as well as to improving a well’s performance and output. Owing to the factors of enhancing optimization production rate, the market is expected to grow with a high CAGR in the forecast period. Additionally, countries demand for oil and gas has forced oil corporations to increase their hydrocarbon production, and for effective production of oil and gas, sand control systems are required to support market expansion.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
United States Sand control system MarketBy Technique (Gravel Packing, Sand Screens, Resin Coated Gravel, Inflow control device), By Well Type (Open Hole, Cased Hole), By Application (Onshore, Offshore), By Region, Competition, Forecast and Opportunities, 2028 has evaluated the future growth potential of United States sand control system market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the United States sand control system market.
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