The sand control solutions market is expected to grow from an estimated USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a CAGR of 8.9% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the sand control solutions market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the sand control solutions market during the forecast period.
A few major players that have a wide regional presence dominate the sand control solutions market. The leading players in the sand control solutions market include Baker Hughes Company (US), Halliburton (US), Schlumberger (US), Weatherford (Switzerland), and Superior Energy Services (US).
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The major strategies adopted by these players include contracts & agreements ,new product launches, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. Contracts & agreements and partnerships were the two most commonly adopted strategy from January 2017 to October 2020.
Baker Hughes Company (US) is an energy company with a portfolio of technologies and services catering to the energy and industrial value chain. The company operates its business primarily through 4 segments, namely, Oilfield Services, Oilfield Equipment, Turbomachinery & Process Solutions, and Digital Solutions. The Oilfield Services segment provides products & services for land and offshore well operations, ranging from drilling, evaluation, completion, production, and intervention. The company offers sand control solutions under its Completion Services portfolio, whose revenues are recorded under the Oilfield Services business segment. Its sand control solutions include a portfolio of sand screens, multizone stimulation systems, and gravel-pack tools.Its DEEPFRAC deep-water multistage fracturing service received the OTC 2018 Spotlight on New Technology Award in 2018. This multistage fracturing service leverages tools and techniques perfected in unconventional land applications to help revolutionize the efficiency and the economics of offshore completions. The company conducts operations in more than 120 countries globally through affiliates, subsidiaries, alliances, and ventures. The company’s competitors for the Oilfield Services segment include Schlumberger (US), Halliburton (US), and Weatherford (Switzerland).
Schlumberger (US) offers products, services, technologies, information solutions, and integrated project management solutions to the global oil & gas exploration & production industry. The company’s primary business activities include research & engineering, manufacturing, operations, maintenance, and resource planning. The company manages its business through 4 segments, namely, Reservoir Characterization, Drilling, Production, and Cameron. It offers sand control products and services under the Production segment. Its sand control services include engineered sand control services and discrete sand control technologies.
The company has operations in 120 countries and has various in-house facilities located in Brazil, China, France, India, Malaysia, Mexico, the US, the UK, Norway, Romania, and Singapore. Its global headquarters is located in Texas, US, while other regional headquarters are located in Paris, France; London, UK; and the Hague, the Netherlands.
Sand Control Solutions Market by Location (Onshore, Offshore), Application (Cased hole, Open hole), Well Type (Horizontal, Vertical), Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, Others), and Region - Global Forecast to 2025
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