Global Sand Trap for Oil and Gas Market, By Type (Gravity, Centrifugal), By Application (Casedhole, Openhole), By Well Type (Horizontal, Vertical), By Region, Competition Forecast and Opportunities, 2017-2027
New York, April 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Sand Trap for Oil & Gas Market, By Type, By Application, By Well Type, By Region, Competition Forecast and Opportunities, 2017- 2027” – https://www.reportlinker.com/p06267917/?utm_source=GNW
The global sand trap for oil and gas market is expected to register growth at a significant rate during the forecast period. The growth of the market can be attributed to the increasing demand for obtaining cleaner oil from oil reservoirs and the increasing use of efficient and sophisticated drilling. equipment.
Oil reservoirs are often found in fragile environments, which produce crude oil as well as mud and mud. This creates a need for tools to separate the mud from the sand trap for cleaner crude oil.
Also, the growing demand for oil and petroleum products and the continuous shale development activities are expected to drive the sand trap for the oil and gas market.
Major oil and gas companies have focused on technological advancements to improve tools and techniques to increase recovery and extend the life of mature fields, which is expected to fuel the growth of sand trap for the market oil and gas. The growing reliance of major economies on oil and gas production and a growing number of market players involved in extracting petroleum products in clearer form are also expected to fuel the global sand trap for the oil and gas market in the years to come. Rising investment, private financing and favorable programs offered by government authorities are further contributing to the growth of the global sand trap for oil and gas market. Major discoveries in the offshore region, especially in offshore West Africa, and more corporate investments to increase oil production capacity are expected to increase the growth of the global sand trap for the oil market and gas. However, fluctuating oil prices and rising operating expenses may hamper the growth of the global sand trap for the oil and gas market.
The global oil and gas sand traps market segmentation is based on type, application, well type, regional distribution, and competitive landscape. Based on type, the market is split between gravity and centrifugal.
Gravity sub-segment is expected to hold the largest share of the global sand trap for oil and gas market during the forecast period. Gravity equipment allows better separation of sludge from oil in a wide range of flow regimes.
The well type segment of the market is also fragmented into horizontal and vertical well types. The horizontal well type segment is expected to dominate the global sand trap for oil and gas market as they convey high content of slurry along with oil.
The major players operating in the global sand trap for oil and gas market are National Oilwell Varco, Sunry Petroleum Equipment Co. Ltd., Cajun Energy, Novomet, Forum Energy Technologies Inc., Kasravand Co., RK Industries LLC, etc
Years considered for this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022E
Forecast Period: 2023F–2027F
Goal of the study:
• To analyze the historical growth in the global Sand Traps for Oil and Gas market size from 2017 to 2021.
• Estimate and forecast the global Sand Trap for Oil & Gas market size from 2022E to 2027F and the growth rate till 2027F.
• To classify and forecast the global Sand Trap for Oil & Gas Market based on type, application, well type, region and competitive landscape.
• To identify the dominant region or segment in the global sand trap for oil and gas market.
• Identify drivers and challenges for the global sand trap for oil and gas market.
• Examine competitive developments such as expansions, product launches, mergers and acquisitions, etc., in the global Oil & Gas Sand Traps market.
• To identify and analyze the profile of key players operating in the global Oil & Gas Sand Traps Market.
• To identify the key sustainable strategies adopted by market players in the global Oil & Gas Sand Traps Market.
In this report, the global Oil & Gas Sand Traps Market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Sand trap for the oil and gas market, by type:
• Sand trap for the oil and gas market, by application:
o Cased hole
o Open hole
• Sand trap for the oil and gas market, by type of well:
• Sand trap for the oil and gas market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst procured a list of manufacturers across the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include manufacturers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of the Global Sand Trap for Oil & Gas Market using a bottom-up approach, in which data from various end-user segments was recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data for these types of products to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Sand trap for oil and gas manufacturing companies/partners
• End users
• Government bodies such as regulators and policy makers
• Organizations, industry associations, forums and alliances related to the global sand trap for oil and gas market
The study is helpful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners, end users, etc. in addition to allowing them to develop investment strategies and capitalize on market opportunities.
Company Profiles: Detailed analysis of the major companies operating in the global Oil & Gas Sand Traps market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06267917/?utm_source=GNW
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