Sand Control Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Well Type (Open Hole and Cased Hole), Location of Deployment (Onshore and Offshore), Sand Control Methods (Passive Sand Control and Active Sand Control), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa)

Sand Control Systems Industry Overview

Sand Control Systems Market Summary
Study Period: 2019 - 2028
Fastest Growing Market: Middle-East and Africa
Largest Market: North America
CAGR: > 4 %

Major Players

Sand Control Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Sand Control Systems Market Analysis

The global sand control systems market is expected to grow at a CAGR of more than 4% during the forecast period. The global upstream oil and gas investments stood at approximately USD 476 billion in 2018, representing a 6% increase compared to that in the previous year. Adding to this, according to the estimates of Oil & Gas UK, the oil and gas exploration and production companies in Europe are expected to spend about USD 265 billion between 2019 – 2035. Factors, such as increasing demand for oil and natural gas and increasing investments in the upstream oil and gas sectors across the world, are expected to drive the number of exploration and production activities, thereby driving the sand control systems market during the forecast period. However, the crude oil prices have been highly volatile in 2018, fluctuating between USD 85 per barrel and USD 50 per barrel by the end of the year. This volatility of oil prices remains a growing concern for the upstream industry. Hence, this is expected to hinder the market during the forecast period.

  • The offshore segment is expected to dominate the market, due to increasing exploration activities.
  • The shift of the projects from onshore to offshore, shallow waters to deep waters and ultra-deep waters is an opportunity for the sand control systems market during the forecast period.
  • Middle-East and Africa is expected to be the fastest growing market during the forecast period, with the majority of the demand coming from Saudi Arabia, Iran, and others.

Sand Control Systems Industry Segments

The sand control systems market report include:

Well Type
Open Hole
Cased Hole
Location of Deployment
Onshore
Offshore
Sand Control Method
Passive Sand Control (Non-intrusive Measures)
Active Sand Control (Intrusive Measures)
Resin Injection
Gravel Pack
Slotted Liners
Frack Pack
Other Methods
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa

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Sand Control Systems Market Trends

This section covers the major market trends shaping the Sand Control Systems Market according to our research experts:

Offshore Segment to Dominate the Market

  • In many offshore regions, the geologic formations that produce oil and gas are unconsolidated, which means the sand that makes up these formations is loose or poorly bonded, much like the sand on a beach. As a result, this loose sand can end up inside the production piping in the well or production equipment on the surface. ​
  • Sand production is highly undesirable, since it can plug pipes and equipment, erode piping (much like sand blasting), and lead to corrosion of pipe and equipment. Eliminating sand production has been one of the main production challenges faced by engineers since the early days of offshore oil and gas development.​
  • The offshore oil and gas industry accounts for around 30% of the global crude oil production. The Middle-East, North Sea, Brazil, the Gulf of Mexico, and the Caspian Sea are the major offshore oil and gas producing regions. The decline in the offshore rig count had slowed down in 2017, and offshore activity started to pick up after 2017. An estimated of more than 90 offshore projects are in the queue to receive a green signal in the next few years, driving the demand for sand control system in the offshore sector.​
  • Moreover, the cost of operation in the offshore have declined significantly over the past few years, enough for the industry to start to step up the spending gradually in the coming years.
  • Hence, due to aforementioned factors the sand control systems market for offshore segment is expected to positive during the forecast period.
Sand Control Systems Market : Revenue Share (%), by Location of Deployment, Global, 2019

Middle-East and Africa to be the Fastest Growing Market

  • Saudi Arabia has oil and gas trapped in sandstone with unique characteristics, which exhibit low-to-moderate permeability but a high sanding tendency caused by unconsolidated rock under high pressure and temperature. Owing to its huge oil and gas production base with high sanding tendency, the country is one of the largest markets for sand control systems in the world.​
  • Saudi Aramco, the country’s largest oil and gas company, is continuously engaged in exploration and development to compensate for declining fields elsewhere. During the downturn, in contrast to the world, Saudi Arabia has ramped up its rig count since 2014, especially gas wells. The company plans to double its gas production over the next decade, as the country plans to switch to local power plants to gas from oil, so it can export more oil. ​
  • Moreover, Nigeria holds the top position among the ten countries, with the largest remaining crude oil and condensate deep-water reserves. The majority of reserves are along the country's Niger River Delta and offshore in the Bight of Benin, the Gulf of Guinea, and the Bight of Bonny. As of now, exploration activities are mostly focused in the deep and ultra-deep offshore, although some onshore exploration is also taking place.
  • Therefore, factors such as upcoming offshore E&P activities especially from the West Africa region is expected to boost the sand control systems market in the region in the coming years.
Sand Control Systems Market : Growth Rate by Region, 2020-2025

Sand Control Systems Market Competitor Analysis

The sand control systems market is fragmented. Some of key players in this market include Baker Hughes Company, Schlumberger Ltd., Weatherford International Ltd., Halliburton Company, and Superior Energy Services Inc., amongst others.

Sand Control Systems Market Top Players

  1. Baker Hughes Company

  2. Schlumberger Ltd.

  3. Weatherford International Ltd

  4. Halliburton Company

  5. Superior Energy Services Inc.

*Disclaimer: Major Players sorted in no particular order

Sand Control Systems Market Concentration

Sand Control Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Global Onshore and Offshore Active Rig Count of Major Countries

    4. 4.4 Global Onshore and Offshore CAPEX Forecast in USD billion, 2025

    5. 4.5 Global Onshore CAPEX Forecast in USD billion, by Region, 2025

    6. 4.6 Oil Production from Deepwater, Oil Sands, and Tight Oil (2011-2040)

    7. 4.7 Recent Trends and Developments

    8. 4.8 Government Policies and Regulations

    9. 4.9 Market Dynamics

      1. 4.9.1 Drivers

      2. 4.9.2 Restraints

    10. 4.10 Supply Chain Analysis

    11. 4.11 Porter's Five Forces Analysis

      1. 4.11.1 Bargaining Power of Suppliers

      2. 4.11.2 Bargaining Power of Consumers

      3. 4.11.3 Threat of New Entrants

      4. 4.11.4 Threat of Substitutes Products and Services

      5. 4.11.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Well Type

      1. 5.1.1 Open Hole

      2. 5.1.2 Cased Hole

    2. 5.2 Location of Deployment

      1. 5.2.1 Onshore

      2. 5.2.2 Offshore

    3. 5.3 Sand Control Method

      1. 5.3.1 Passive Sand Control (Non-intrusive Measures)

      2. 5.3.2 Active Sand Control (Intrusive Measures)

        1. 5.3.2.1 Resin Injection

        2. 5.3.2.2 Gravel Pack

        3. 5.3.2.3 Slotted Liners

        4. 5.3.2.4 Frack Pack

        5. 5.3.2.5 Other Methods

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Baker Hughes Company

      2. 6.3.2 Schlumberger Ltd.

      3. 6.3.3 Weatherford International Ltd.

      4. 6.3.4 National Oilwell Varco Inc.

      5. 6.3.5 Halliburton Company

      6. 6.3.6 Superior Energy

      7. 6.3.7 RGL Reservoir Management Inc.

      8. 6.3.8 Welltec A/S

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Sand Control Systems Market Research FAQs

The Sand Control Systems Market is studied from 2019 - 2028.

The Sand Control Systems Market is growing at a CAGR of >4% over the next 5 years.

Middle-East and Africa is growing at the highest CAGR over 2019 - 2028.

North America holds highest share in 2021.

Baker Hughes Company , Schlumberger Ltd. , Weatherford International Ltd , Halliburton Company , Superior Energy Services Inc. are the major companies operating in Sand Control Systems Market.

Sand Control Systems Industry Reports

In-depth industry statistics and market share insights of the Sand Control Systems sector for 2020, 2021, and 2022. The Sand Control Systems research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Sand Control Systems report PDF.

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