Sand Control Systems Market Reaches $4,035.9 Million by 2019 with Rising Oil Demands - Report by MarketsandMarkets

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This research report expects the Sand Control Systems Market report to witness impressive growth by the year 2019. According to the report, rising demand for oil production is expected to be a vital driving factor for the industry.



Key players are Schlumberger Limited (U.S.), Halliburton (U.S.), Weatherford (Switzerland), National Oilwell Varco (NOV) (U.S.) and Cameron International (U.S.).

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.

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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.

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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.

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Mr. Rohan
since: 04/2009
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