Key players are Schlumberger (U.S.), National Oilwell Varco (U.S.), Halliburton Energy Services (U.S.)
(PRWEB) February 26, 2015
The report on Drilling Waste Management Market defiles the growth trends and revenue forecasts for the key industry players. According to the report, the global industry is expected to grow at a steady CAGR of 11% from 2014 to reach $8.5 billion by 2019.
Explore Drilling Waste Management Market through detailed TOC, data tables and figures spread across 180 report pages.
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According to the report, the increasing energy demands are pressurizing the oil and gas industry. As a result, the industry is witnessing steady rise in the drilling and exploration activities. This rise has also escalated the concerns over the environmental hazards. According to the report, stringent environmental regulations are expected to create business and employment opportunities in the market.
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According to the report, the golden triangle of the oil and gas industry is driving the demand in the drilling waste management market. This triangle includes the countries like US Gulf of Mexico, Brazil and West Africa. Rising focus over the golden triangle is expected to create huge development prospects in this service industry. Middle East and Asia-Pacific regions on the other hand are also expected to witness high upcoming prospects in the service industry.
According to this report by MarketsandMarkets, increasing environmental concerns, stringent laws and growing awareness towards the hazards are expected to drive the demand for sustainable resources in the industry. This rising demand is expected to encourage the demand for the drilling waste management services.
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According to the report, manufacturers in the drilling waste management market are trying to assimilate their existing technologies through extensive research and development. The report segments the global drilling waste management market on the basis of the types of services and their applications. it also provides details about the growth prospects for the industry across major geographic regions of the world.
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