Middle East Drilling Waste Management Market is Estimated to Reach $341.1 Million in 2019 - A Report by MicroMarket Monitor
(PRWEB) April 02, 2015 -- The Middle East drilling waste management market is expected to grow at a steady CAGR of 3.0% from 2014 to reach $341.1 million by year 2019.
Browse through the TOC of Middle East Drilling Waste Management Market for an analysis of industry trends and segments, with the help of various tables and figures.
http://www.micromarketmonitor.com/market/middle-east-drilling-waste-management-4571990641.html
Rising energy demand across the world is creating pressure on the global oil and gas industry to explore for crude oil. This is also creating rise in the production and drilling activities around the world, escalating environmental hazards. According to the report, growth in environmental awareness, safe waste disposal and development of sustainable energy resources are some of the major factors driving the demand for the drilling waste management services.
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According to the report, the Middle East drilling waste management market is currently it its growing stage. This is expected to offer strong investment business opportunities for the existing and potential business providers in the market. According to the report, rising shale oil production across various parts of Jordan and Israel are expected to increase the demand in this industry. Shift from vertical drilling to horizontal drilling is also expected to increase the production capacities of the existing reserves. As a result, service providers and equipment manufacturers in the market are keen on introducing advanced technologies.
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The report segments the Middle East drilling waste management market on the basis of the types of services, applications and region demand. According to the research report, growth in the research and development activities in the market are also expected to create better prospects for the market in this region. The market in this region is said to be dominated by various global players along with several small but significant regional players. Players in this market are expected to opt for contract agreements as a secure business strategy to sustain in this competitive industry.
The report profiles some of the key players in the Middle East drilling waste management market include Schlumberger (U.S.), National Oilwell Varco (U.S.), Halliburton (U.S.), Secure Energy services (U.S.), Newalta (U.S.), and Baker Hughes (U.S.).
Related Report:
North America Drilling Waste Management Market
The North American waste management in drilling market was estimated to be $2,261 million in 2013 and is forecast to reach $3,615 million by 2018, at a CAGR of 9.8%, from 2013 to 2018. Treatment & disposal services accounted for $906 million, due to an increased exploration and production activities, especially in subsea- deepwater and ultra- deepwater areas.
http://www.micromarketmonitor.com/market/north-america-drilling-waste-management-4388561035.html
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