United States Sand Control Systems Market by Application and Geography - Forecast and Analysis 2028
The growth of the oil and gas industry, coupled with increasing demand for effective well control methods, is driving market expansion in the forecast period.
TechSci Research's "United
States Sand Control System Market - By Region, Competition, Forecast &
Opportunities, 2028," the US market for sand control systems is
witnessing growth due to efforts to enhance the reserve-to-production ratio in
wells and ongoing shale development activities. Sand control involves deploying
tools or methods to prevent reservoir sand from infiltrating the wellbore or
its surroundings. It is essential to maintain the integrity of the reservoir
formation around the wellbore, especially in weaker formations, requiring sand
management techniques. Gravel packs, composed of gravel grains acting as filters
to trap sand grains, are commonly used to control sand in formations. The size
of the gravel grains matches that of the sand grains, and in open wells with
casing, the gravel pack is often coil-shaped.
Unconsolidated sand lacks
adequate cementing agents, resulting in high porosity and permeability. Sand
control is necessary to manage production from such sand environments. Hence,
the anticipated growth of the United States Sand Control System market is
attributed to this demand.
https://www.techsciresearch.com/report/united-states-sand-control-systems-market/4292.html
The US sand control systems
market is categorized by techniques, well types, applications, and regions. In
terms of applications, it's divided into onshore and offshore segments, with
offshore leading in market share in 2022 and expected to maintain its dominance
throughout the forecast period due to extensive use of sand control systems in
offshore locations.
Technique-wise segmentation
includes gravel packing, sand screens, resin-coated gravel, and inflow control
devices. Gravel packing, which is versatile and cost-effective, is projected to
witness the highest CAGR during the forecast period and held the largest market
share in 2022. It serves to prevent sand-related issues in production wells,
driving market growth.
Regarding well types, the
market distinguishes between open hole and cased hole categories. Cased-hole
techniques are expected to exhibit a high CAGR and currently hold the highest
market share due to considerations related to hole stability. Production casing
ensures safe operations and acts as a barrier against unwanted substances in
cased-hole completions.
The regional segmentation
includes West, Midwest, Northeast, and South regions.
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.
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
comprise tools or machinery designed to mitigate sand mixing and formation
issues. These systems play a crucial role in the completion process and
enhancing well performance and productivity. With a focus on optimizing production
rates, the market is projected to witness a high compound annual growth rate
(CAGR) in the forecast period. Moreover, increasing demand for oil and gas
globally has compelled oil companies to ramp up hydrocarbon production, further
driving the need for sand control systems to support market expansion."
TechSci Research's report,
"United States Sand Control System Market By 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," evaluates the growth
potential of the United States sand control system market. The report offers
insights into market structure, size, share, and future growth, aiming to
provide actionable market intelligence for decision-makers. Additionally, it
identifies and analyzes emerging trends, along with key drivers, challenges,
and opportunities in the United States sand control system market.
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