Shale Shakers Market Research, 2031
The global shale shakers market size was valued at $1.6 billion in 2021, and is projected to reach $2.8 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
Shale shaker are a type of industrial machinery used to filter drilling fluid of rock fragments and to separate particulates that is circulated from a drilling fluid or mud. This mud, often known as drilling fluid, which is essential to the drilling operation. Shale shakers frequently function as a component of a larger mud removal system, which aids in keeping drilling mud free of undesired gases and other pollutants as well as solids. One of the prime advantages of shale shaker is that it is essential in reducing the price of drilling fluids as well as plays a very significant role in oil and gas applications, since shale shaker is utilized for controlling drilling mud solids is the linear motion shale shaker.
Triple deck and double deck shale shakers are most widely used products for cutting and separation in various end use industries such as chemical and petrochemical, mining, oil & gas sector, plastics, coal cleaning, food and beverages, and others. Shale shakers operate in such a way that the device use force to push the filtered mud through vibrating sieves or screens and stored in mud tank. The slope of the screen is directly proportion to the rate at which mud flows during operation. Linear motion shale shakers, balanced elliptical motion shale shakers, and circular motion shakers are the most common type of motions used with shale shaker components.
The major factors propelling the global shale shaker market are rising usage and demand for separation equipment for continuous drilling in high pressure. Increase in use of shale shakers for coal cleaning which helps in generation of electricity and rising drilling activities at several mines sites for exploration and production of ore extraction are anticipated to fuel shale shaker market growth during the forecast period.
Moreover, shale shakers are used as a component in several drilling equipment at mining sites to separate mines ores. Among these, some of the drilling equipment finds extensive application in drilling processes such as auger drilling, rotary drilling, core drills, and percussion drills to separate various drilling fluids. Auger drilling system is majorly used on mine sites to cut and broken down the rocks with a simple blade bit mounted on the end of a rotating string of rods. Whereas, rotary drilling is one of the most common drilling methods in large surface mines where blasting takes place in holes with a large diameter. It is used for extraction of soft rock materials or to drill through the top layer of decomposed rock and soil, in order to obtain a fresh rock sample from the bedrock. Henceforth, increase in demand for coal and growing mining sector for mineral extraction is propelling the shale shaker market growth.
Global exploration activity has risen as a result of increased industrialization and population development, and this is anticipated to increase the demand for Shale shaker. Emergence of newest linear motion technology, which is the most popular method for controlling solids in the oil and gas drilling industries, and high investments from Middle East as well as Latin America in various oil fields are expected to be the key factors that drive the growth of the market during the forecast period. In addition, rise in demand for chemicals and petrochemicals across the globe is anticipated to drive the shale shaker market growth during the forecast period. In the same line, the number of offshore drilling projects is anticipated to rise as a result, driving the global Shale shaker market to new heights during the projected period.
Furthermore growing trend such as increasing wastewater treatment industries for water treatment and separation of solid and liquids are expected to fuel rotary separator market growth, which in turn, is expected to hamper the growth of the market during the analyzed timeframe. Other advantage associated with rotating separator including flow capacity, oil on cuttings, hydrocarbon damp and mist, low noise level, long life functional operation, and less maintenance compared to conventional shale shakers, and other advantages are projected to restrain the growth of the shale shaker market in the upcoming years.
In addition Growth in modern rigs and drilling equipment in developing economies propel the demand for shale shakers with increasing international investments in Argentina, so the exploration activity across the region will rise, is expected to drives the growth of the shale shakers market in the U.S. over the coming years.
The market's growth is negatively impacted by the availability of substitute of shale shaker. Rotary separator is act as a major substitute for shale shaker. Moreover, high demand for rotary separator from petrochemical refineries and other end use industries and expected to hamper the growth of global market during the assessment period. Growing trend such as increasing wastewater treatment industries for water treatment and separation of solid and liquids are expected to fuel rotary separator market growth, which in turn, is expected to hamper the growth of the market during the analyzed timeframe.
Other advantages associated with rotating separator including flow capacity, oil on cuttings, hydrocarbon damp and mist, low noise level, long life functional operation, and less maintenance compared to conventional shale shakers, and other advantages are projected to restrain the growth of the shale shaker market in the upcoming years. On the contrary, discoveries of oil & gas fields in the African and Asia-Pacific regions are projected to create opportunities for key players operating in the market from 2022 to 2031.
Moreover, the shale shaker market analysis in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2022–2031. The report includes the study of the shale shaker market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the Shale shaker industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
The global Shale shaker market forecast is segmented on the basis of product type, motion type, installation, drive system, application, and region. By product type, the market is segmented into PDC bits, tricone roller bits, and others. By Motion type, the market is segmented into linear motion, balanced elliptical motion, and circular motion. By Installation, the market is divided into two types, newly installed, and retrofitted. By drive system, it is majorly bifurcated into electrically driven, and belt driven. By application, the market is divided into coal cleaning, mining, oil & gas drilling, chemical and petrochemical, plastics, and other application. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by LAMEA, Europe, and Asia-Pacific.
The major companies profiled in this report include Halliburton, National Oilwell Varco, Schlumberger Ltd., Baker Hughes, GN Solid Control, Derrick Corporation, Shandong Beyond Petroleum Equipment Co. Ltd, Aipu Solids Control, Del Corporation, and Jereh Global Development LLC. An increase in the demand for oil & gas drilling across the globe specially in U.S., Middle East and Africa has driven the demand for the Shale shaker market.
By Product Type, triple deck is the most dominating segment during the forecast period. This is attributed rising investment, growing oilfield reservoirs, and rising demand for liquefied natural gas. Whereas, double deck is the fastest growing segment owing to its excellent characteristics such as durable shaker screens, modular platform, deceases NPT, reduces maintenance, which makes it unique to other types of shale shakers.
By Motion type, Linear motion segment is the largest and the fastest growing segment owing to increased oil & gas sector with expansion of drilling in offshore, and exploration is predicted to be the key factor for Linear motion single deck shale shakers throughout the forecast period.
By Installation, Retrofitted is estimated to be the largest and fastest growing segment during the forecast period due to rise in number of installation of the retrofitted process in several end use industries.
By drive system, Belt Driven accounts for maximum market share in 2021 and one of the fastest growing segment among drive system. Global chemical consumption rates have risen as a result of increased industrialization and population development, and this is anticipated to increase the demand for belt driven shale shaker.
Oil & gas drilling witnessed highest shale shakers market share during the forecast period. Discoveries of oil and gas fields in the African and Asia-Pacific region specially is sub-Saharan Africa are expected to increase the demand for shale shaker market during the forecast period. Moreover, mining industry is the fastest growing segment in global shale shaker market. Since, it helps manufacturers to increase their profit margins and improve their techniques with smart equipment.
North America is the dominating region and it is expected to maintain its dominance during the forecast period. Factors contributing toward the regional growth includes growing oil & gas sector in US, and discovering news oil & gas field. Furthermore, North America is also the fastest growing segment due to rising crude oil production in the U.S. and Mexico.
The pandemic outbreak has had a significant impact on the oil & gas, chemicals and petrochemical, plastics, and mining sector, as there were delays in manufacturing process in the sector mainly due to the uncertainty that has led to delays in decision-making on new investments in oil and gas, and petrochemical refineries. Governments of various developing and developed countries have taken steps to reduce the emphasis on fossil fuels as a type of electric energy. The outbreak of the pandemic has created an enormous awareness among the people related to safeguarding the environment. It provided an opportunity to diversify the economy away from oil and boost oil & gas drilling sector.
Post-pandemic, there is a significant demand for the Shale shaker market mostly due to an increase in the investment of the government for the development of offshore sector and restart related to the construction of the geothermal power plant to produce renewable power. In addition, government policies such as tax rebates, and investment of the government toward the generation of power from geothermal energy are expected to provide lucrative opportunities for the development of the market.
For instance, in July 2019, Kuwait signed a USD 600 billion offshore exploration contract with Halliburton. The contract aimed for the drilling of six exploration wells over the course of the following two to three years, with a predicted increase in production of about 100,000 barrels per day. About 31,000 square kilometers of land were purchased by the United Arab Emirates for offshore oil and gas extraction, mostly in the Abu Dhabi and Ras Al Khaima sectors. Henceforth, increased investment in offshore oil & gas projects is expected to fuel shale shaker market growth during the anticipated time.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shale shakers market analysis from 2021 to 2031 to identify the prevailing shale shakers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the shale shakers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global shale shakers market trends, key players, market segments, application areas, and market growth strategies.
Shale Shakers Market Report Highlights
Market Size By 2031
USD 2.8 billion
CAGR of 5.9%
2021 - 2031
By Product Type
By Motion Type
By Drive System
Key Market Players
Schlumberger Limited, Baker Hughes Inc., National Oilwell Varco, Inc., Jereh Global Development LLC, Halliburton Company, Shandong Beyond Petroleum Equipment Co., Ltd., Derrick corporation, Aipu Solids Control., DEL CORPORATION, GN solids control
According to the insights of CXOs of leading companies, urbanization, and growth of the oil & gas drilling sector are the key factors attributed to the leading position of North America in the Shale shaker market. Huge potential in Asia-Pacific in exploration and drilling from the newly developed offshore oilfields are expected to provide lucrative growth opportunities to leading Shale shaker systems manufacturers. Growing Petrochemical refineries in China with widening application of shale shaker is creating an optimistic opportunity growth.
The Shale shaker market holds a substantial scope for growth globally. The market is in its growth stage; however, its contribution to the global market is expected to increase significantly in the coming years. Availability of closely substitute of shale shaker is a major limitation for the market growth. However, hike in oil & gas prices is expected to drive the market growth as oil & gas companies are projected to invest in offshore exploration.