Press Release

Gravel Pack Technique to Dominate United States Sand Control Systems Market Through 2024

Rising oil & gas production and increasing drilling activities to propel United States sand control systems market during forecast period

According to TechSci Research report, United States Sand Control Systems Market By Application, By Techniques, By Well Type, Competition, Forecast & Opportunities, 2024, United States sand control systems market is anticipated to grow at a steady CAGR during the forecast period on account of rising demand for sand control systems in the country, new crude oil and natural gas discoveries coupled with high potential reserves. The discovery of new oil and natural gas need sand control systems to manage and prevent wells from producing sand as this produced sand erodes equipment, creates down-hole cavities, and blocks tubing. Additionally, surge in drilling activities is positively influencing oil & gas market, which in turn is driving sand control systems market. However, factors like stringent government regulations regarding water contamination, oil & gas leaks, and environmental & public health are expected to hamper the growth of United States sand control systems market during the forecast period.

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United States sand control systems market is segmented based on application, technique, well type, region and company. In terms of technique, the market can be categorized into Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices and Others. Among them, gravel pack technique dominated the market until 2018 and is anticipated to maintain its dominance during the forecast period as well on account of increased drilling of oil and gas field in the onshore regions. Furthermore, the inflow control devices segment is anticipated to register the highest growth in the next 5 years. Increasing life span of the well and reduction in expenditure are the main factors driving the inflow control technique segment in the sand control systems market.  

Schlumberger Limited, Halliburton Company, Baker Hughes Incorporated, Weatherford International, PLC, National Oilwell Varco, Superior Energy, Oil States International and RGL Reservoir Management Inc. and others are some of the leading players operating in United States sand control systems market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share and increase their customer bases.

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“In terms of well type, the market is segmented into open hole and cased hole. Out of which, cased hole well segment is anticipated to hold the maximum share due to its classification measurements in the well casing during the well end operations. United States sand control systems market is anticipated to grow at a steady pace during the forecast period owing to the growth in unconventional resources in the country. Moreover, increasing demand for oil production in the US is further driving the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

United States Sand Control Systems Market By Application, By Techniques, By Well Type, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of United States sand control systems market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States sand control systems market.

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