Report Code: A10809 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Solid Control Equipment Market
Request Now !Solid control is a process to separate the solid fragments present in the drilling fluids that are crushed by the drill bits and carry them out of the will surface. Generally, a solid control process is done in five stages or layers namely the mud tank, shale shaker, vacuum degasser, desander, desilter, and centrifuge. In each of these different stages, fragments of different sizes varying from 75 micrometer to 44 micrometer are separated from the drilling fluid. The solid control equipment play a vital role in the drilling industry as they prevent the solid waste from mixing with the drilling fluid. The solid control equipment also has a great significance in the waste management during the drilling activities.
Market scope and structure analysis :
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Industry Vertical, and Region |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Aker Solutions, BHGE, Clean Harbors, Inc., Derrick Corporation, GN Solids Control, Halliburton, IMDEX LIMITED, Schlumberger Limited, and National Oilwell Varco. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global solid control equipment market to a great extent.
The major factor that drives the growth of the solid control equipment market is the rise in demand for efficient and environment friendly drilling processes. The solid control equipment not only helps in West control during the drilling process but also reduces the overall cost of drilling and minimizes the applications of synthetic drilling fluids. On the other hand, with the increase in global population, there is a rise in demand for drinking water around the world, which also plays a major role in increasing the number of drilling activities. As a result, the major companies are concentrating on innovations to introduce more efficient solid control equipment, which is expected to boost the growth of the global market during the forecast period. However, the high cost of capital for incorporating solid control equipment is anticipated to hinder the growth of the market.
The market in the North America region holds a significant share of the global solid control equipment market due to the increase in number of offshore drilling activities and explorations by the developed nations
Key segments covered:
Segments | Sub-segments |
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Key benefits of the report:
Solid Control Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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By End Use Industry |
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By Region |
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Key Market Players | Aker Solutions, Kosun Machinery Co., Ltd., Halliburton, GN Solids Control, Derrick Corporation, National Oilwell Varco, BHGE, IMDEX LIMITED, Clean Harbors, Inc., Schlumberger Limited |
Scomi Group Bhd, Secure Energy Services Inc., Weatherly International plc, Others |
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