United States Sand Control System Market Is To Be Dominated By Cased-Hole Segment
Expansion of oil & gas industry and increasing
demand of well control methods are the major factors propelling the market
growth in the forecast period.
According
to TechSci Research report, “United States Sand control system Market – By
Region , Competition, Forecast & Opportunities, 2028”, the United States Sand control system market is
growing owing to improve the reserve-to-production ratio from wells and
ongoing shale development activities.The setting up of tools or use of methods
to stop reservoir sand from leaking into the wellbore or the vicinity of the
wellbore. To preserve the formation of the reservoir around the wellbore in
weak formations, sand management is required. By using filters made of gravel
grains to contain sand grains, the gravel pack help to limit sand in the
formation. The ideal size of the gravel should match the size of the sand
grain. In open wells with wall pipes, the gravel pack is often coil-shaped.
The
sand that is stuck in an environment with insufficient cementing agents is
unconsolidated. Due to poor consolidation, this type of sand has a high
porosity and permeability. Sand control is therefore required for this
particular type of sand production. Due
to which the United States Sand control system market is expected to grow in
the future.
According to a January 2022 announcement from the
Department of Energy, the Strategic Petroleum Reserve have release 13.4 million
barrels of oil to tackle both, the global oil supply shortage and the rising
cost of petrol in the United States, emergency oil reserves have been released.
Due to this announcement, the demand of Sand control system Market is gaining traction. Owing to which the
market is expanding with a high CAGR in the forecast period. .
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The
United States sand control systems market is segmented based on techniques,
well type, application, and region. Based on application, the market can be
bifurcated into onshore and offshore. In 2022, offshore held the highest
market share; throughout the forecast period, due to the fact that sand control
systems are highly used in the offshore locations .
Based
on techniques, the market is segmented into gravel packing, sand screens, resin
coated gravel, and inflow control device. During the projection period, gravel
pack is anticipated to expand at the greatest CAGR and had the largest market
share in 2022. Due to its adaptability and inexpensive implementation, gravel
packing is a widely utilized sand control technique. Sand control method are
mainly used to restrict sand to get into production wells related problems,
owing to which the market is anticipated to expand more quickly. Sand is used
in gravel packing as a filter to stop sand from forming.
Based
on well type, the market is segmented into open hole and cased hole. During the
forecast period, cased-hole is expected to register a high CAGR and has
held the highest market share. Due to technical considerations pertaining to
the stability of the hole, cased-hole sand management techniques are more
frequently used. Production casing is inserted into the reservoir and ensures
secure production operations in a cased-hole completion. Additionally, it
serves as a barrier to keep gases, undesirable fluids, and sediments out of the
wellbore. Based on region, the market is divided into West, Midwest, Northeast,
South.
Key
market players in the United States Sand control system Market include:
- Schlumberger Limited
- Halliburton Company
- Baker Hughes Incorporated
- Weatherford International, PLC
- National Oilwell Varco
- Superior Energy
- Oil States International
- RGL Reservoir Management Inc.
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“The
Sand Control Systems contain tools or machinery that aid in getting rid of sand
mixing and forms. The system is crucial to the overall completion process as
well as to improving a well's performance and output. Owing to the factors of
enhancing optimization production rate, the market is expected to grow with a
high CAGR in the forecast period. Additionally, countries demand for oil and
gas has forced oil corporations to increase their hydrocarbon production, and for
effective production of oil and gas, sand control systems are required to
support market expansion.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
United
States Sand control system Market By Technique (Gravel
Packing, Sand Screens, Resin Coated Gravel, Inflow control device), By Well
Type (Open Hole, Cased Hole), By Application (Onshore, Offshore), By Region,
Competition, Forecast and Opportunities, 2028 has evaluated the
future growth potential of United States sand control system market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended 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 present in the United States sand
control system market.
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