Rise in natural gas consumption is a major factor, as it reinforces the manufacturing activities, which positively impact the growth of the global shale shakers market. Exploration and production of oil & gas and drilling have seen massive growth over the last decade, but construction of shale shaker for solid removal of mining, plastics, sand, dirt, pulp, and precious metal waste disposal would have a higher growth rate. Increase has been witnessed in the adoption of dual deck and triple deck shale shakers, as they offer higher efficiency in solid separation, which is anticipated to provide lucrative opportunities for the expansion of the global market. However, the major challenge for the market of shale shakers is the trade war between China and the U.S., as they are among the world’s leading oil & gas producing nations.
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Increase in number of drilling and manufacturing activities for oil & gas has driven market growth for shale shakers. Shale shakers handle the solids control systems. These are used in oil & gas drilling for cleaning the drilling fluid. They remove the drilling liquid from large solid waste practice so it can be recycled and reused. The major factor that boosts the demand for shale shakers is that they exhibit high performance capability and efficiency in separation of solids. End users are seeking for advanced shale shakers with fewer screens to boost their efficiency and minimize operating budgets.
Key Market Players
- DEL Corporation
- Derrick Corporation
- GN Solids Control
- Halliburton
- KEMTRON Technologies, Inc.
- National Oilwell Varco
- Petropath Fluids (India) Pvt. Ltd.
- Schlumberger Limited
- Shan Dong LanDaPetroleum Equipment LLC
- SKF
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Key benefits of the report
- This study presents the analytical depiction of the global shale shakers 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 shale shakers market share.
- The current market is quantitatively analyzed from 2022 to 2029 to highlight the global shale shakers market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global shale shaker market is expected to witness a slowdown during the next couple of years. This is attributed to the shutdown of factories across all cities and provinces, globally, leading to predictions of a sharp slowdown. In addition, recent decline in mining industry is one of the key factors that is likely to negatively impact the growth the shale shaker market. Thus, companies are dealing with missing sales and disrupted supply chains, as production activities are shutdown.
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