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Jan 21, 2021 (The Expresswire) —
The global sand control systems market will derive growth from advancements in hydrocarbons. According to a report by Fortune Business Insights, titled “Sand Control System Market” Size, Share and Global Trend By Technique (Gravel Packing, Sand Screens, Resin Coated Gravel, Inflow control device), By Well Type (Open Hole, Cased Hole), By Application (Onshore, Offshore) and By Geography Forecast till 2026,” the market will witness growth in the coming years, due to advancements in inflow control devices.
For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-repor2. ts/sand-control-system-market-100446
Key Segmental Overview:
1. By Technique
- Gravel Packing
- Sand Screens
- Resin Coated Gravel
- Inflow Control Devices
- By Well Type
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Restw of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
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The ability of sand control systems to enhance well productivity and prevent reservoir migration has led to a rising uptake of these products. Furthermore, the use of sand control systems in reservoir stabilization has created growth opportunities across the world. Advancements hydrocarbons and developments made in inflow control devices have enabled applications over diverse domains. Sand control systems play a major part in the oil and gas industry due to the aforementioned applications. The report identifies some of the factors that have intensified the growth of the global sand control systems market, along with some factors that have had an adverse effect on the market. Additionally, the report focuses on key market operators and stresses on the attractive business and their impact on the global market.
Some of the leading companies that have had a huge global impact are
- Schlumberger Ltd.
- Baker Hughes Inc.
- Weatherford International
- National Oilwell Varco
- Oil States International Inc
- Sião Petróleo S.A.
- Welltec International
- Packers Plus Energy Services Inc.
- Superior Energy Services
- Variperm Canada Limited
Key Market Driver Persistent exploration activities
Key Market Restraint Fluctuating crude oil prices
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Schlumberger’s Exceptional Sand Control Services Continue to Induce Growth
The sand control systems market has witnessed growth contributions from recent developments in products and services. The technological advances made in sand control products have contributed significantly to the growth of the global market. The global sand control systems market has been blessed with some exceptional product developments through a host of companies currently operating in the market. Schlumberger, one0 of the leading companies offering sand control services has once again, impressed with its latest product addition. Schlumberger’s product offerings include open-hole sand control services, cased hole sand control services, downhole tool systems, wellbore preparation, and pumping equipment, among others. The global reach of Schlumberger, combined with a strong brand presence, will bode well for the global sand control systems market in the forthcoming years. Fortune Business Insights provides a detailed analysis of companies, similar to Schlumberger and labels out some of the leading companies that are operating in the current market.
‘Unique Sand Bypass’ System to Enable Market Gain Momentum
In April 2020, the port of Ngquira introduced the first of its kind fixed jet pump sand bypass system. The system successfully adhered to the strict regulations with a view to operating in an environment-friendly manner. In addition to functioning within government policies, the system churned out impressive results. The system is said to meet the dredging standards of sand bypassing close to 240,000 tonnes per year. The entire process was controlled through a computer system. Fortune Business Insights predicts a surge in the growth of the global sand control systems market, most of which is credited to the ability of the sand control systems to function without any mechanical dredging. The report has provided a detailed analysis of a number of sand control systems and related projects, similar to the aforementioned system.
Key Industry Developments
- In April 16 2020, South African port Ngqura have fixed a jet pump sand bypass system is meeting its dredging targets of 240,000 tonnes of sand per year. The whole sand bypass system is achieved by computer controlled system.
- In July 2018, Tendeka successfully completed RandD project with its sand control technology Cascade³ to prevent sand into wellbore in water injection well in Permian Basin.
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Major Table of Content For Sand Control System Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Sand Control System Analysis, Insights and Forecast,2026
- North America Sand Control System Analysis, Insights and Forecast, 2014- 2026
- Europe Sand Control System Market Analysis, Insights and Forecast,2026
- Asia Pacific Sand Control System Market Analysis, Insights and Forecast,2026
- The Middle East and Africa Sand Control System Market Analysis, Insights and Forecast,2026
- Latin America Sand Control System Market Analysis, Insights and Forecast,2026
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
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To view the original version on The Express Wire visit Sand Control System Market Size, Analysis By Segmentation And Geography Overview | Fortune Business Insights
The MarketWatch News Department was not involved in the creation of this content.