Global Solid Control Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Solid Control Equipment Market Overview:
“The global Solid Control Equipment Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the global solid control equipment market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global solid control equipment market report has been segmented on the basis of type, application, and region.
Solid control equipment is used in drilling rigs to separate solids in drilling fluids and remove from the well surface. Solid control equipment contains five layers – mud tank, shale shaker, vacuum degasser, desilter, and centrifuge. Shale shaker is used to separate big solids/rocks with diameter above 75μm, desilter segregates solids with diameter between 15–44μm, and centrifuge separate suspended solids with diameter 2μm.
High adoption of solid control equipment for waste control during drilling processes is a key factor driving growth of the global solid control equipment market. In addition, rapid urbanization in developing economies, coupled with increasing exploration activities across the globe are expected to boost demand for solid control equipment which is further anticipated to boost growth of the global solid control equipment market over the forecast period.
Also, rising demand for drinking water across the globe is leading to increase in number of drilling activities. This is another factor expected to drive growth of the global solid control equipment market over the forecast period.
However, high capital cost is a major factor restraining growth of the global solid control equipment market. Additionally, problems associated with use of solid control equipment such as, high vibrations produced, and difficulty in separation of biological solids with small density is another factor expected to restrain growth of the global solid control equipment market over the forecast period.
The market in North America is expected to account for largest share in terms of revenue as compared to that of other regions. This can be attributed to growth in exploration activities, and rising offshore drilling activities in countries in the region. The market in Asia Pacific is projected to witness fastest growth over the forecast period, owing to increasing government initiatives for development of infrastructure in emerging economies such as China, and India.
Global Solid Control Equipment Market Segmentation:
Global solid control equipment market segmentation by type:
- Mud agitator
- Shale shaker
Global solid control equipment market segmentation by application:
Global solid control equipment market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Schlumberger Limited
- Halliburton Company
- Derrick Corporation.
- Hebei GN Solids Control Co., Ltd
- Secure Energy Services Inc.
- Rasson Energy India Private Ltd.
- Fluid Systems, Inc.
- Centrum Petroleum Machinery Limited Company
- National Oilwell Varco, Inc.
- Newalta Corporation
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