Rise in urbanization and increase in industrialization in emerging countries are the key factors increasing the fuel consumption. As the oil &gas industry has one of the most severe impacts on the environment, which will drive the growth of the drilling mud desander and desilter market. Moreover, fluctuation in prices of crude oil has an immediate effect on the performance and profitability of market players. However, with the recovery of crude oil prices, onshore and offshore drilling projects have increased, encouraging oil &gas companies to invest in oil &gas projects with an aim to improve profitability. E&P projects are executed only when the revenue generated is high so that oil and gas companies can make profits. Several oil & gas projects across the world were cancelled due to price fluctuations. The uncertainty in price of crude oil will adversely affect the investments in E&P projects and have a negative impact on the growth of the oil and gas E&P industry. This will reduce the demand for drilling mud desanders and desilters during the forecast period. Desanders and desilters have undergone several changes due to the development of new fabrication techniques to improve the efficiency of the equipment and the process.
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North America is the leader in the drilling desanders and desilters market. This is attributed to increase in drilling activities in the U.S. Europe and Asia-Pacific is expected to showcase exponential market growth during the forecast period.
Key Market Players
- Schlumberger
- Halliburton
- BHGE
- National Oilwell Varco
- Weatherford International
- Derrick Corporation
- GN Solids Control
- Kosun Machinery
- Clean Harbors Inc
- Aker Solutiond
COVID-19 scenario analysis
One important impact of the coronavirus outbreak on the oil industry is that the price of crude oil has fallen significantly in a short time. Implementation of stringent regulations to maintain social distancing and ban on international travel have resulted in less use of transport, thus reducing the demand for fuel. Furthermore, rig activities are expected to slow down due to lack of workforce, as employees are quarantined.
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Key benefits of the report
- This study presents the analytical depiction of the global drilling mud desander and desilter industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global drilling mud desander and desilter market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global drilling mud desander and desilter market growth scenario.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
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