Key players are Schlumberger Limited (U.S.), Halliburton (U.S.), Weatherford (Switzerland), National Oilwell Varco (NOV) (U.S.) and Cameron International (U.S.).
(PRWEB) February 15, 2015
The report segments the Sand Control Systems Market on the basis of its major components. It defines the growth trends and revenue forecasts for the key industry players across different geographic regions. According to the report, the market is expected to witness healthy growth at a CAGR of 11.3% from 2014 to reach $4,035.9 million by 2019.
Browse Sand Control Systems Market through detailed TOC, data tables and figures spread across 145 report pages.
Early buyers will receive 10% customization on this report.
According to this report published by MarketsandMarkets, North America is projected to be the largest market for Sand Control Systems and well completion industry. North America is followed by Asia Pacific and South America regions, both of which are expected to witness impressive rise in demand for these systems. According to the report, high demand for oil production is expected to be the strongest driving factor for the sand control systems market across different parts of the world.
According to the report, the Gravel Pack Systems market is expected to grow at a CAGR of 11.4% from 2014 to reach $1,562.6 Million by 2019. This segment is expected to dominate the global sand control systems market due to the increased drilling activities for the conventional oil and gas field in the onshore regions around the world.
MarketsandMarkets segments the sand control systems market on the basis of the major applications, which include the onshore and offshore uses. The onshore applications are expected to dominate the applications segment with an expected share of ~83%. According to their report, growing demand for deepwater activities from Asia-Pacific and rise in mid-ocean drilling activities are expected boost demand for offshore applications.
Browse Related Reports
Completion Equipment Market - Global Trends & Forecast to 2019
Oilfield Services Market - Global Trends and forecasts to 2019
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 full time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, and identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252