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Solid Control Equipment Market Size (2024 - 2029)

The solid control equipment market is projected to experience growth driven by increasing energy demands and environmental concerns related to drilling and waste management. Despite challenges posed by geopolitical tensions and economic slowdowns, the market has rebounded to pre-pandemic levels. The offshore oil and gas sector is anticipated to expand significantly due to rising investments. While North America, particularly the United States and Canada, is expected to lead in market size, new discoveries in regions like South America and Africa present potential opportunities for market expansion.

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Market Size of Solid Control Equipment Industry

Solid Control Equipment Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Solid Control Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Solid Control Equipment Market Analysis

The solid control equipment market is expected to register a CAGR of around 3% during the forecast period.

  • The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Over the long term, factors such as increasing demand for energy and growing concerns regarding the safety and environmental impact of drilling and waste management are expected to drive the global market.
  • However, due to the Russo-Ukrainian War, global economic slowdown or delays of oil and gas projects are likely to hinder market growth during the forecast period. The offshore oil and gas sector is likely to witness significant growth during the forecast period, owing to its increasing investment to meet the rising energy demand.
  • Nevertheless, the oil and gas industry is mostly dominated by countries like the United States, Saudi Arabia, Russia, Iran, and Iraq. However, new oil and gas discoveries in other countries, such as Guyana in South America and Ghana in the African region, are expected to have ample drilling activities, which is likely to create opportunities for solid control equipment providers soon.
  • North America is likely to dominate the market during the forecast period, with the majority of the demand coming from the United States and Canada.

Solid Control Equipment Industry Segmentation

Solids control equipment is utilized to remove solid contaminants, and gas entrapped in the used drilling mud.

The solid control equipment market is segmented by type, location of deployment, and geography. By type, the market is segmented into shale shaker, desander, desilter, vacuum degasser, centrifuge, and other types. By location of deployment, the market is segmented into onshore and offshore. By geography, the market is segmented into North America, Asia-Pacific, Europe, South America, and Middle-East and Africa. The report also covers the market size and forecasts for the solid control equipment market across major regions. 

For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Type
Shale Shaker
Desander
Desilter
Vacuum Degasser
Centrifuge
Other Types
Location of Deployment
Onshore
Offshore
Geography
North America
United States
Canada
Rest of North America
Asia-Pacific
China
India
Australia
Japan
Rest of Asia-Pacific
Europe
Germany
France
United Kingdom
Italy
Rest of Europe
South America
Brazil
Argentina
Columbia
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Solid Control Equipment Market Size Summary

The solid control equipment market is poised for steady growth, driven by the increasing demand for energy and heightened concerns about the environmental impact of drilling and waste management. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. However, geopolitical tensions, such as the Russo-Ukrainian War, and economic slowdowns may pose challenges to market expansion. The offshore oil and gas sector is expected to experience significant growth due to rising investments aimed at meeting energy demands. While the industry is predominantly led by countries like the United States, Saudi Arabia, and Russia, new discoveries in regions such as Guyana and Ghana are anticipated to spur drilling activities, offering opportunities for solid control equipment providers.

North America is projected to maintain its dominance in the solid control equipment market, with substantial demand originating from the United States and Canada. The region's robust oil and gas industry, bolstered by technological advancements in hydraulic fracturing, supports the high demand for solid control equipment. The presence of numerous active drilling rigs and upcoming projects, particularly in the Gulf of Mexico, further underscores North America's pivotal role in the market. The market is moderately fragmented, with key players like Schlumberger Limited, Halliburton Company, and Baker Hughes Company actively participating. Recent contracts and agreements in regions such as Sarawak and Abu Dhabi highlight the ongoing expansion and integration of solid control equipment services to meet global energy demands.

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Solid Control Equipment Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Shale Shaker

      2. 2.1.2 Desander

      3. 2.1.3 Desilter

      4. 2.1.4 Vacuum Degasser

      5. 2.1.5 Centrifuge

      6. 2.1.6 Other Types

    2. 2.2 Location of Deployment

      1. 2.2.1 Onshore

      2. 2.2.2 Offshore

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Asia-Pacific

        1. 2.3.2.1 China

        2. 2.3.2.2 India

        3. 2.3.2.3 Australia

        4. 2.3.2.4 Japan

        5. 2.3.2.5 Rest of Asia-Pacific

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 France

        3. 2.3.3.3 United Kingdom

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Columbia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 South Africa

        4. 2.3.5.4 Rest of Middle East and Africa

Solid Control Equipment Market Size FAQs

The Solid Control Equipment Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Schlumberger Limited, Halliburton Company, Weatherford International Plc, , Baker Hughes Company and GN Solids Control are the major companies operating in the Solid Control Equipment Market.

Solid Control Equipment Report Snapshots

Solid Control Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)