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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 share is expected to increase by USD 33.69 million from 2020 to 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 drilling mud desander and desilter market segmentations 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 During the Forecast Period?

Drilling Mud Desander and Desilter Market Size

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Drilling Mud Desander and Desilter Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. 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 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.

Key Drilling Mud Desander and Desilter Market Driver

One of the key factors driving the drilling mud desander and desilter market growth is the increasing global rig activity. The global active rig count was high as the average crude oil import cost, the volume?weighted average cost for France, Germany, Italy, Spain, the UK, Japan, Canada, and the US, was $41.96 per barrel according to the IEA in 2020. 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 growth in drilling activities leads to a rise in the demand for oil and gas drilling rigs. 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. This is expected to increase the demand for oilfield equipment, including desanders and desilters, which will drive the growth of the global drilling mud desander and desilter market during the forecast period.

Key Drilling Mud Desander and Desilter Market Trend

Increase in deepwater and ultra-deepwater upstream projects is the major trend influencing the drilling mud desander and desilter market growth. Oil and gas companies have been successful in onshore oil and gas production for many decades. Offshore locations have also been popular sources of oil and gas. After shallow-water drilling, oil and gas companies shifted their focus to deepwater and ultra-deepwater resources. The average price of crude oil should be higher for deepwater and ultra-deepwater projects to be profitable when compared with onshore and shallow water. This is due to the high cost of E&P in areas with large water depths. Such projects were shunned post the decline in the price of crude oil in 2014. The extraction of oil from ultra-deepwater is expensive and challenging compared with onshore drilling due to harsh weather conditions. The number of offshore deepwater and ultra-deepwater drilling projects is growing. This will lead to a rise in the number of rigs, which will increase the demand for drilling mud desander and desilter during the forecast period.

Key Drilling Mud Desander and Desilter Market Challenge

Risks associated with drilling activities is one of the key challenges hindering the drilling mud desander and desilter market growth. Oil and gas E&P accidents became a major concern post-BP's Deepwater Horizon oil spill in 2010. Violation of laws or international mandates due to spillage of oil or any oil-related products into the environment entails penalties. These penalties vary significantly at regional as well as international levels. Health concerns among individuals exposed to the drilling environment are another challenge for drilling activities. Drilling fluids are used for lubricating drill bits, removing drill cuttings, and providing a sturdy barrier for good control. Inhaling the vapors or allowing direct contact with the drilling fluids can lead to severe health issues, as drilling fluids contain a mixture of chemicals. Some of the frequent health problems include skin irritation and contact dermatitis. Less frequent concerns include dizziness, headache, drowsiness, nausea, respiratory problems, and cancer. Thus, environmental and health concerns during drilling can hinder the growth of E&P activities in the oil and gas industry. This will directly affect the growth of the global drilling mud desander and desilter market during the forecast period.

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.

Parent Market Analysis

Technavio categorizes the global drilling mud desander and desilter market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the drilling mud desander and desilter market during the forecast period.

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 growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Derrick Corp. - The company offers a wide range of drilling mud desander and desilter such as 10 inch inline incline desander, inline verticle desander, round desilter manifold, inline desilter among others.

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.

Drilling Mud Desander and Desilter Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the drilling mud desander and desilter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

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

Drilling Mud Desander and Desilter Market Market segmentation by region

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

Growing oil and gas drilling activities will increase the demand for solids control equipment in drilling facilities, including drilling mud desanders and desilters facilitating 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.

COVID Impact and Recovery Analysis

The COVID-19 outbreak in 2020 had a negative impact on the drilling mud desander and desilter market in North America. The US was among the worst-affected countries by the pandemic in the region. In 2020, the rise in the number of deaths from COVID-19 in the region led to nationwide lockdowns in countries such as the US, Canada, and Mexico. However, following the lifting of lockdown restrictions in the second half of 2020, major offshore and onshore drilling operations resumed. Hence, the regional market is expected to recover and grow during the forecast period, owing to the increasing number of offshore and onshore drilling exploration projects in the region.

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

Drilling Mud Desander and Desilter Market Segmentation

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The drilling mud desander and desilter market share growth by the onshore will be significant during the forecast period. The major factor supporting the growth of the onshore segment of the global drilling mud desander and desilter market is the increase in demand for oil and gas. Several countries have stepped up their oil and gas output to meet the rising demand. For instance, in July 2021, the National Iranian Drilling Company (NIDC) allocated 5.2 trillion rials for the renovation and upgrading of its drilling rigs and equipment in its operational, technical, specialized, and logistical departments.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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.

 

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Onshore - Market size and forecast 2020-2025
      • Exhibit 17: Onshore - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Onshore - Year-over-year growth 2020-2025 (%)
    • 5.4 Offshore - Market size and forecast 2020-2025
      • Exhibit 19: Offshore - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Offshore - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 21: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 MEA - Market size and forecast 2020-2025
      • Exhibit 27: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: MEA - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 42: Market positioning of vendors
            • 10.3 Derrick Corp.
              • Exhibit 43: Derrick Corp. - Overview
              • Exhibit 44: Derrick Corp. - Product and service
              • Exhibit 45: Derrick Corp. - Key offerings
            • 10.4 DFE
              • Exhibit 46: DFE - Overview
              • Exhibit 47: DFE - Product and service
              • Exhibit 48: DFE - Key offerings
            • 10.5 Double Life Corp.
              • Exhibit 49: Double Life Corp. - Overview
              • Exhibit 50: Double Life Corp. - Product and service
              • Exhibit 51: Double Life Corp. - Key offerings
            • 10.6 General Electric Co.
              • Exhibit 52: General Electric Co. - Overview
              • Exhibit 53: General Electric Co. - Business segments
              • Exhibit 54: General Electric Co. - Key offerings
              • Exhibit 55: General Electric Co. - Segment focus
            • 10.7 GN Solids Control
              • Exhibit 56: GN Solids Control - Overview
              • Exhibit 57: GN Solids Control - Product and service
              • Exhibit 58: GN Solids Control - Key offerings
            • 10.8 Halliburton Co.
              • Exhibit 59: Halliburton Co. - Overview
              • Exhibit 60: Halliburton Co. - Business segments
              • Exhibit 61: Halliburton Co. - Key News
              • Exhibit 62: Halliburton Co. - Key offerings
              • Exhibit 63: Halliburton Co. - Segment focus
            • 10.9 NOV Inc.
              • Exhibit 64: NOV Inc. - Overview
              • Exhibit 65: NOV Inc. - Business segments
              • Exhibit 66: NOV Inc. - Key offerings
              • Exhibit 67: NOV Inc. - Segment focus
            • 10.10 Schlumberger Ltd.
              • Exhibit 68: Schlumberger Ltd. - Overview
              • Exhibit 69: Schlumberger Ltd. - Business segments
              • Exhibit 70: Schlumberger Ltd. - Key News
              • Exhibit 71: Schlumberger Ltd. - Key offerings
              • Exhibit 72: Schlumberger Ltd. - Segment focus
            • 10.11 Specialized Desanders Inc.
              • Exhibit 73: Specialized Desanders Inc. - Overview
              • Exhibit 74: Specialized Desanders Inc. - Product and service
              • Exhibit 75: Specialized Desanders Inc. - Key offerings
            • 10.12 Triflo International Inc.
              • Exhibit 76: Triflo International Inc. - Overview
              • Exhibit 77: Triflo International Inc. - Product and service
              • Exhibit 78: Triflo International Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 79: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 80: Research Methodology
                • Exhibit 81: Validation techniques employed for market sizing
                • Exhibit 82: Information sources
              • 11.4 List of abbreviations
                • Exhibit 83: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Drilling Mud Desander and Desilter Market market growth will increase by $33.69 mn during 2021-2025.
              The drilling mud desander and desilter market market is expected to grow at a CAGR of 7.19% during 2021-2025.
              Technavio has segmented the drilling mud desander and desilter market market by application (onshore and offshore) and geographic (North America, MEA, APAC, Europe, South America, North America, MEA, APAC, Europe, and South America).
              Derrick Corp., DFE, Double Life Corp., General Electric Co., GN Solids Control, Halliburton Co., NOV Inc., Schlumberger Ltd., Specialized Desanders Inc., Triflo International Inc. are a few of the key vendors in the drilling mud desander and desilter market market.
              North America will register the highest growth rate of 45% among the other regions. Therefore, the drilling mud desander and desilter market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the drilling mud desander and desilter market market growth are:
              • Increasing global rig activity
              • Advances in solids control equipment
              The drilling mud desander and desilter market market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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