Global drilling waste management market: $8.7 billion market by 2019, signifying firm growth rate of 10.5% from 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 01/29/2015 -- The report"Drilling Waste Management Market by Services (Solids Control Equipment, Containment & Handling and Treatment & Disposal), Applications (Onshore & Offshore) and Geography - Global Trends & Forecasts to 2019", defines and segments the global drilling waste management services market with analysis and forecast of the global revenue. Drilling waste management market services market is estimated to grow from $5.3 billion in 2014 to $8.5 billion by 2019, at an approximate CAGR of 11% from 2014 to 2019.
Browse 120 market data tables and 28 figures spread through 180 pages and in-depth TOC on "Drilling Waste Management Market - Global Trends & Forecasts to 2019".
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The constant increase in the demand for energy has put an apparent pressure on the oil & gas industry to increase the production. Consequent increase in the drilling and exploration activities has escalated the concerns over the environmental hazards. Stringent regulations have made the employment of drilling waste management procedures customary. An apt example would be the European region, where zero discharge policies have already been implemented.
Furthermore, the golden triangle of Brazil, US Gulf of Mexico, and West Africa are also the key market where the offshore operators and service providers are focusing, hence creating huge prospects in this service industry. Middle East, Asia-Pacific regions are in the growth stage for waste management activity in regions where there are high upcoming prospects for this service industry.
Consequently, the increasing understanding to decrease the environmental hazards and the sustainable development of energy resources and safe disposal of associated waste is continuously encouraging the need of drilling waste management services.
As a result, the drilling waste management service providers and equipment manufacturers are continuously trying to assimilate their existing technologies, and develop new technologies extensively through research and development so as to decrease the waste disposal related high risk and associated cost. This market is dominated by a few global players and the rest of the market is highly fragmented in regional players, and hence securing contract agreements is becoming a key strategy for the drilling waste management service providers.
The drilling waste management market includes major players in this industry mainly Schlumberger (U.S.), National Oilwell Varco (U.S.), Halliburton Energy Services (U.S.), Secure Energy services (U.S.), Scomi (Malaysia), Newalta (U.S.), and Baker Hughes (U.S.).
The report forecasts revenue of the global drilling waste management services market, which includes solids control services, as well as containment & handling and treatment & handling services, and its various submarkets with respect to main regions such as Asia-Pacific, Europe, Africa, Middle East, North America, and South America. Drilling waste management activities are also analyzed on the basis of the onshore and offshore activities.
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The report segments the global drilling waste management market by services type, application areas, and geography. It also focuses on market share analysis, supply chain analysis, value chain; Porters five force analysis, and market metrics such as drivers, restraints, burning issues, winning imperative and opportunities. This report also presents the competitive landscape and company profiles. In addition, 20 key players in the market have also been profiled which includes major companies providing drilling waste management services and equipment manufacturing companies.
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