DALLAS, January 19, 2015 /PRNewswire/ --
The report "Solid Control Equipment Market by Types (Shale Shakers, Mud Centrifuges, Desander & Desilter, Mud Cleaners, and Others), by Application Areas (Onshore & Offshore), & by Geography - Global Trends & Forecast to 2019" defines and segments the global Solids Control Equipment Market with an analysis and forecast of the market size. The market will reach $2.65 billion by 2019 with an increase of more than $1 billion during the period 2014 and 2019, at a growing CAGR of 10.0%.
Browse 78 market data tables and 37 figures spread through 150 pages and in-depth TOC on "Solid Control Equipment Market - Global Trends & Forecast to 2019"
Early buyers will receive 10% customization on this report.
North America: Largest market for solids control equipment
North America Solids Control Equipment Market is at the forefront when it comes to considering the regulations and policies for the protection of the degradation of the global environment. Further, advancement in technologies in the region has enabled the companies to reduce the fluid losses at a greater extent. Nearly half of the world oil and gas reserves are present in North America, particularly in U.S., which has increased the drilling activities in the region. Further, the region is increasing its activities to explore unconventional resources such as coal bed methane, and shale gas which will increase the demand for solids control equipment. The Solids Control Equipment Market in North America is expected to reach $1.23 billion by 2019 from an estimated value of $0.78 billion in 2014, at a CAGR of 9.3%.
Inquiry before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=96694447
Europe & Asia-Pacific: Ranks 2nd & 3rd in the global solids control equipment market
Europe stood at the second position in the global Solids Control Equipment Market with a value of $276.6 million in 2013 and is expected to reach a value of $509.2 million by 2019. However, the region is expected to grow at a comparatively slow growth due to political and economic uncertainty.
The Asia Pacific region was responsible for 19% of international drilling activity (outside the US & Canada) in June 2014. There were total of 251 drilling rigs in the region in June 2014, which depicts the increasing demand for solids control equipment. The Asia-Pacific Solids Control Equipment Market holds a market share of 13.3% of the global market and is expected to grow at a CAGR of 10.8% in the next five years period.
Increasing Demand for Solid Control Equipment's
The technologies that are taking hydrocarbon recovery into new frontiers are moving through the industry. When it comes to solids control equipment, effects are being felt from faster, more efficient rigs, intense, improved fluid designs; and dual-gradient drilling. Companies are pushing development of higher-capacity shakers, bigger centrifuges, better screen designs and streamlined processes.
Also, in order to expand the business in the regions of South America, Africa, and Gulf of Mexico, companies have adopted contracts and agreements as the key strategy to gain traction in solids control equipment market.
Browse related reports
Drilling Waste Management Market by Services (Solids Control Equipment, Containment & Handling and Treatment & Disposal), Applications (Onshore & Offshore) and Geography - Global Trends & Forecasts to 2019
Drilling and Completion Fluids Market by Application Areas (Onshore & Offshore), by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, and Other Based Systems) & by Geography - Global Trends & Forecasts to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets