Hydraulic fracturing technology, used to extract shale gas and tight oil, acts as a key driver for the sand curtain market, particularly in North America.
NEWARK, Del., Sept. 07, 2023 (GLOBE NEWSWIRE) — According to a Future Market Insights (FMI) report, worldwide Sand curtain market A valuation is likely to be reached US$ 560.6 million In 2023. It is estimated to exceed US$945.4 million In 2033 CAGR of 5.4% From 2023 to 2033.
Futures Market Insights (FMI) noted that in the historical period between 2018 and 2022, the market witnessed a modest CAGR of 6.5%.
Sand screens play an important role in the oil and gas sector by providing effective solutions for managing sand production during well operations. Sand screens are mechanical devices used to filter sand and other solid particles from reservoir fluids. This ensures smooth flow of hydrocarbons while preventing damage to equipment and infrastructure.
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The primary purpose of sand screens is to prevent sand production, which can cause problems such as well erosion, plugging of production equipment, and reduced well productivity.
Sand screens are usually installed downhole, either individually or as part of a complete system. They help separate the formation sand from the produced fluid.
The sand curtain market is driven by the growing demand for oil and gas, especially in areas with extensive reserves. As the sector explores and exploits reservoirs in increasingly challenging environments, the need for efficient sand control solutions becomes critical. These environments include deep water and unconventional formations,
Several factors influence the sand curtain industry, including technological advancements, drilling and completion activities, well properties, and environmental regulations. Manufacturers in this industry strive to develop innovative sand screen designs that provide high filtration efficiency, durability and cost-effectiveness.
The sand screen industry consists of several players including multinational corporations, independent manufacturers and service providers. These companies offer a wide range of sand control solutions to suit different well conditions and operational requirements.
Leading companies in the sand screen industry include SKF, Trelleborg, Freudenberg Sealing Technologies, Dana Holding, and Federal-Mogul.
“The sand screen industry is an important component of the oil and gas sector, addressing the challenges associated with sand production during well operations. As the industry continues to evolve, the demand for effective sand control solutions is expected to increase, driving further innovation and advancement in this market.“- Our research analyst opinion.
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Key takeaways from sand screen Market Report:
United States sand screen industry valuation is estimated US$ 174.3 million By 2033.
The sand screen industry in Japan is expected to grow at a CAGR of 5.2% to reach US$ 136.4 million By 2033.
According to reports, the United Kingdom sand screen industry could be a witness CAGR surrounding 5.2% From 2023 to 2033.
Depending on the type, the single part can display CAGR of 5.2% During the assessment period, compared to a 6.4% CAGR From 2018 to 2022.
In terms of well type, the land class is assumed to be a demonstration CAGR of 5.1% From 2023 to 2033.
The competitive landscape:
The sand screen market is highly competitive with multiple major players operating across the globe. In recent years, the industry has seen some consolidation through mergers and acquisitions aimed at strengthening market position and expanding product portfolio. This trend may continue as companies improve their capabilities and geographic presence.
inside August 2022, Astec Industries launched a mobile radio frequency screening plant. The plant is equipped with a 2612V Vari-Vibe high-frequency screen using a rotary tension system for the fastest screen media changes on the market.
Profile the parent company Bali screen Market Report:
More insights are available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the sand screen market by presenting historical data (2018 to 2022) and forecast statistics for the period 2023 to 2033.
The study reveals the segments in terms of type (stand-alone, remedial and artificial lift protection) well type (onshore and offshore) from 2023 to 2033.
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the sand screen Market Segmentation:
Middle East and Africa
Nikhil Kaitwade (Associate Vice President of Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, mainly in the automotive, chemical, industrial equipment, oil & gas and service industries.
His core expertise circles around research methodology development, a unique analysis framework, statistical data models for pricing analysis, competition mapping and market potential analysis. His expertise is broad and extends beyond analytics, advising clients on growth potential in established and niche market segments, investment/investment decisions and market entry decisions.
Nikhil holds an MBA degree in Marketing and IT and a Bachelors in Mechanical Engineering. Nikhil has authored several publications and has been quoted in journals such as EMS Now, EPR Magazine and EE Times.
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