DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/w9mrj8/solid_control) has announced the addition of the "Solid Control Equipment Market by Types, by Application Areas, & by Geography - Global Trends & Forecast to 2019" report to their offering.
The global solid control equipment market is expected to reach $2.65 billion industry by 2019, with a projected CAGR of around 10.0%, signifying a high demand for solid control equipment in both developed and developing countries.
Solid control equipment is drilling equipment used to control or separate the undesirable and even harmful solids mixed in drilling fluids. The separation of harmful solids from drilling fluids will contributes to better mud property and meets the increased demand on drilling efficiency by the scientific application and arrangement of solids control equipment.
The increase in the international rig count over the forecast period and growing environmental concern primarily drives the global solid control equipment market. The utilization of solid control equipment enhances the drilling efficiencies by reducing the fluid losses to a large extent. According to the American Petroleum Institute (API), it has been estimated that approximately 1.2 barrels of total drilling waste fluids are generated for every foot drilled. These impacts the overall production of the drilling activity and thus plays a vital role in effective and efficient drilling. North America, Europe and Asia-Pacific are the major regions where solid control equipment constitutes to around 50% of the global demand.
The North American market will see strong growth through 2019 due to robust drilling activity in the region. North America constitutes to more than 45% of the total share in global solid control equipment market. Further, the region is increasing its interests in exploring unconventional resources like, shale gas, coal bed methane and others which will give rise to the demand of solid control equipment in the future years.
Leading companies in the solids control equipment market have focused on contracts & agreements as one of the key strategies. The major reasons behind the widespread acceptance of contracts & agreements as a strategy in this market are, it creates a leading diversified solids control equipment portfolio by adopting the expertise of the renowned companies, and enables market penetration in economies such as U.S., Gulf of Mexico etc. From 2011 to 2014, contracts & agreements have led the market developments, accounting for 42% of the total share.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Solids Control Equipment Market, By Application
8 Solids Control Equipment Market, By Type
9 Solids Control Equipment Market, By Region
10 Competitive Landscape
11 Company Profiles
- Aker Solutions
- Baker Hughes Inc.
- Clean Harbors, Inc.
- Derrick Equipment Company
- GN Solids Control
- Geographic Revenue Mix
- Halliburton Company
- Imdex Limited
- Kemtron Technologies, Inc.
- Kosun Machinery Co., Ltd.
- National Oilwell Varco, Inc.
- SCOMI Group BHD
- Schlumberger Ltd.
- Secure Energy Services, Inc.
- Weatherford International Ltd.
For more information visit http://www.researchandmarkets.com/research/w9mrj8/solid_control
