Global Power Generation Gas Turbine Operations & Maintenance Market (2012-2019)
Waste management activities are a critical constituent of successful drilling and production operation. Suitable application of waste management principles is essential for efficient drilling operations and environmental protection. During drilling, the largest potential waste stream includes used drilling fluids and cuttings that are produced while drilling the well.
Factors driving the drilling waste management market include high exploration and production activities, stringent government regulations, escalating investment from oil & gas operators, and a surge in offshore activities to meet the energy needs. Growing demand for energy, coupled with increasing investment in offshore exploration activities, is expected to drive the global drilling waste management services market to $8.7 billion by 2019, at a CAGR of 10.5% from 2014 to 2019.
The market for this service in regions such as North America and Europe has increased in the past decade. The global market is expected to witness sound growth in the near future, supported by various government guiding principles for effective management of drilling wastes.
drilling waste management market, market size, by region (2012 – 2019)
Source: MarketsandMarkets Analysis
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On the basis of Service: Solids Control Services, Containment & Handling Services, and Treatment & Disposal Services
On the basis of Application: Onshore and Offshore
On the basis of Region: North America, South America, Asia-Pacific, Europe, the Middle East, and Africa
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the major drilling waste market participants, which combines manufacturers as well as service providers such as 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.).
Market share analysis, by revenue, of the top companies is also included in the report. The scope accordingly aids market participants to identify high growth markets and help managing key investment decisions. For this report, major players in the drilling waste management market have been identified various primary and secondary sources, which includes annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing people. Based on this research, the market shares have been evaluated and validated.
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Growth opportunities and latent adjacency in Global Power Generation Gas Turbine Operations & Maintenance Market