AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Drilling Mud Desander and Desilter Market 2019-2023 | 6% CAGR Projection of the Next Five Years | Technavio

October 30, 2019
Global Drilling Mud Desander and Desilter Market 2019-2023 | 6% CAGR Projection of the Next Five Years | Technavio
Global Drilling Mud Desander and Desilter Market 2019-2023 | 6% CAGR Projection of the Next Five Years | Technavio

LONDON--(BUSINESS WIRE)--Oct 30, 2019--

The drilling mud desander and desilter market size is expected to post a CAGR of close to 6% during the period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191030005579/en/

Technavio has announced its latest market research report titled global drilling mud desander and desilter market 2019-2023. (Graphic: Business Wire)

Request a free sample report

The increasing global rig activity is one of the major reasons for the drilling mud desander and desilter market growth. With the recovery of crude oil prices, there has been an increase in onshore and offshore drilling projects, which encouraged oil and gas companies to invest in oil and gas projects to improve profitability. The growth in drilling activities has resulted in an increase in the number of active rigs for both onshore and offshore drilling. This, in turn, has led to an increase in the demand for drilling-related equipment, including desanders and desilters.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31082

As per Technavio, the advances in solids control equipment will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Drilling Mud Desander and Desilter Market: Advances in Solids Control Equipment

Desanders and desilters have undergone several advances to improve the efficiency of the equipment and the process. Desanders traditionally use high erosion-resistant, reaction-bonded silicon carbide ceramics fabrication. However, the development of new fabrication techniques has brought a step-change improvement in desanders. Wellhead desanders are being cast in a few ceramic rings, instead of manually grouting ceramic tiles. As a result, the diameter of the desanders reaches around 700 mm, which results in higher manufacturing efficiency, repeatability, and standardization. Solid control equipment is also improving in terms of size, due to which it is able to cater to the offshore segment efficiently as space availability is a concern in offshore drilling rigs.

“Apart from the advances in solids control equipment, other factors such as the declining cost of raw materials, and the increase in deepwater and ultra-deepwater upstream projects will have a significant impact on the growth of the drilling mud desander and desilter market value during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 10,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Drilling Mud Desander And Desilter Market: Segmentation Analysis

This market research report segments the drilling mud desander and desilter market by application (onshore and offshore) and geographic regions (North America, Europe, APAC, South America, and MEA).

The North America region led the market in 2018, followed by MEA, APAC, Europe, and South America respectively. The growth of the drilling mud desander and desilter market share in North America can be attributed to the increase in drilling activities in the US, along with the increase in demand for solids control equipment in drilling facilities.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191030005579/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com 

KEYWORD:

INDUSTRY KEYWORD: ENERGY ENVIRONMENT MANUFACTURING OIL/GAS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/30/2019 10:30 AM/DISC: 10/30/2019 10:30 AM

http://www.businesswire.com/news/home/20191030005579/en