APAC will drive Sand Control Systems Market in the Oil & Gas Equipment & Services Industry|Technavio
NEW YORK, June 25, 2021 /PRNewswire/ —
APAC is expected to lead the sand control systems market with 40% of the market’s growth during 2020-2024. China is the key market for the sand control systems market in APAC and is expected to offer several growth opportunities to market vendors during the forecast period, says Technavio, a leading market research company.
Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
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Technavio’s report on “Sand Control Systems Market by Application and Geography – Forecast and Analysis 2020-2024” reveals that the market has the potential to reach USD 418.62 million, progressing at a CAGR of almost 3%.
Leading Regions Analysis of Sand Control Systems Market during 2020-2024:
Technavio identifies North America as the second highest country where the market size of sand control systems will have the potential to reach USD 643.62 million by 2024. Factors such as the significant rise in E&P activities in unconventional oil and gas sources and the increase in the overall production of crude oil and gas in North America are contributing to the demand for the sand control systems market during the forecast period.
Europe will be the third-highest country, where the market size of sand control systems will have the potential to reach USD 586.44 million by 2024. Factors such as favorable government policies and the numerous offshore oil and gas projects in the North Sea will drive the demand for the sand control systems market during the forecast period.
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Sand Control Systems Market in the Oil & Gas Equipment & Services Industry during 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the sand control systems market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 3M Co., Baker Hughes Co., Halliburton Co., Mitchell Industries, National Oilwell Varco Inc., Schlumberger Ltd., Oil States International Inc., Packers Plus Energy Services Inc., Superior Energy Services Inc., and Weatherford International Plc.
The report also covers the following areas:
- Sand Control Systems Market size
- Sand Control Systems Market trends
- Sand Control Systems Market analysis
Key Topics Covered
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Application
- Market Segmentation by Geography
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
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Global Frac Services Market– The frac services market is segmented by application (offshore and onshore) and geography (North America, MEA, Europe, APAC, and South America).
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Global Land Drilling Rigs Market– The land drilling rigs market is segmented by type (conventional rigs and mobile rigs) and geography (MEA, North America, APAC, Europe, and South America).
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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