Drilling Mud Desander and Desilter Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43924
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The drilling mud desander and desilter market has the potential to grow by USD 33.69 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.19%.

This drilling mud desander and desilter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (onshore and offshore) and geography (North America, MEA, APAC, Europe, and South America). The drilling mud desander and desilter market report also offers information on several market vendors, including Derrick Corp., DFE, Double Life Corp., General Electric Co., GN Solids Control, Halliburton Co., NOV Inc., Schlumberger Ltd., Specialized Desanders Inc., and Triflo International Inc. among others.

What will the Drilling Mud Desander and Desilter Market Size be in 2021?

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Drilling Mud Desander and Desilter Market: Key Drivers and Trends

The increasing global rig activity is notably driving the drilling mud desander and desilter market growth, although factors such as risks associated with drilling activities may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the drilling mud desander and desilter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the drilling mud desander and desilter market is the increasing global rig activity.
  • The increase in onshore and offshore drilling projects, as well as deepwater and ultra-deepwater drilling activities due to high global crude oil prices, has encouraged oil and gas companies to invest in oil and gas projects to improve profitability.
  • The gradual recovery of the global crude oil price from the third quarter of 2018 has resulted in an increase in the number of active rigs for both onshore and offshore drilling.
  • The increase in the demand for oilfield equipment will drive the growth of the global drilling mud desander and desilter market.
  • The environmental norms and regulations for drilling waste treatment is another major factor supporting the drilling mud desander and desilter market share growth.
  • The drilling waste was dumped directly into the ocean from the platform during the initial years of oil drilling and production.  
  • Environmental concerns about the negative impact of such waste on aquatic and human life were raised and international environmental bodies placed restrictions on drilling companies and set certain environmental standards.
  • The presence of stringent norms and regulations for drilling waste treatment plays an important role in the demand for drilling mud desander and desilters equipment.

This drilling mud desander and desilter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Drilling Mud Desander and Desilter Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Derrick Corp.
  • DFE
  • Double Life Corp.
  • General Electric Co.
  • GN Solids Control
  • Halliburton Co.
  • NOV Inc.
  • Schlumberger Ltd.
  • Specialized Desanders Inc.
  • Triflo International Inc.

 

This statistical study of the drilling mud desander and desilter market encompasses successful business strategies deployed by the key vendors. The drilling mud desander and desilter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The drilling mud desander and desilter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Drilling Mud Desander and Desilter Market?

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45% of the market’s growth will originate from North America during the forecast period. The US is the key market for the drilling mud desander and desilter market in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The increasing investments in shale oil and gas due to the recent recovery of the global crude oil price will facilitate the drilling mud desander and desilter market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Drilling Mud Desander and Desilter Market?

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The drilling mud desander and desilter market share growth by the onshore segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the drilling mud desander and desilter market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Drilling Mud Desander And Desilter Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive drilling mud desander and desilter market growth during the next five years
  • Precise estimation of the drilling mud desander and desilter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the drilling mud desander and desilter industry across North America, MEA, APAC, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of drilling mud desander and desilter market vendors

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Drilling Mud Desander And Desilter Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.19%

Market growth 2021-2025

$ 33.69 million

Market structure

Fragmented

YoY growth (%)

7.07

Regional analysis

North America, MEA, APAC, Europe, and South America

Performing market contribution

North America at 45%

Key consumer countries

US, Germany, UK, France, and Russian Federation

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Derrick Corp., DFE, Double Life Corp., General Electric Co., GN Solids Control, Halliburton Co., NOV Inc., Schlumberger Ltd., Specialized Desanders Inc., and Triflo International Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The drilling mud desander and desilter market growth will increase by $21.06 million during 2019-2024.
The drilling mud desander and desilter market is expected to grow at a CAGR of 4.84% during 2019-2024.
Technavio has segmented the drilling mud desander and desilter market by application (Onshore and Offshore) and geographic (North America, MEA, APAC, Europe, and South America).
Derrick Corp., DFE, Double Life Corp., General Electric Co., GN Solids Control, Halliburton Co., National Oilwell Varco Inc., Schlumberger Ltd., Specialized Desanders Inc., Triflo International Inc. are a few of the key vendors in the drilling mud desander and desilter market.
North America will register the highest growth rate of 47.86% among the other regions. Therefore, the drilling mud desander and desilter market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Russian Federation
  • China
  • Canada
  • Saudi Arabia
The key factors driving the drilling mud desander and desilter market growth are:
  • Increasing global rig activity
  • Advances in solids control equipment
The drilling mud desander and desilter market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
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