Sand Control Systems Market to Witness Steady Expansion During 2017-2022 | MarketsandMa... - 0 views
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Almira Coyne on 25 Feb 20The sand control systems market is expected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach a market size of USD 2.84 billion by 2022. Rising oil & gas production, high day rates of offshore rigs, and growth in number of wells are the major factors driving the sand control systems market. New oilfield reserves, and redevelopment of ageing reservoirs are expected to create new opportunities for the sand control system companies. Moreover, governments in most of the countries are investing in oil & gas industry to match up with the growing energy demand. All these factors are further expected to boost the sand control systems market during the forecast period.