Drilling Waste Management Market:
Global drilling waste management market size was valued over USD 4.5 billion in 2018 and is predicted to grow at CAGR of 6.0% during 2019-2026 owing to tightening of global drilling waste management regulations coupled with growing environmental concerns towards effective drilling waste management. Waste management activities is dependent on effective drilling and production operations and the successful application of waste management principles is essential for maintaining efficient drilling operations and environmental protection. Growing environmental concerns coupled with increased expenditure from oil & gas companies in exploration and developmental activities are key factors that drive the growth of the world drilling waste management market. Furthermore, stringent government regulations persuading oil & gas companies in implementing effective drilling waste management practices is a factor that will boost the growth of the market. The growth of the market is constrained by high operational cost and other economic challenges along with intense competition. The focus to achieve zero discharge along with growing research & development activities for high-end treatment technology would offer ample opportunities to the waste drilling management market. Scarcity of skilled personnel to manage drilling waste activities is a key market challenge.
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The regional analysis of Drilling Waste Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increasing number of terrestrial laser scanning technologies being increasingly used by the prominent surveying companies for land surveys across the region. North America is anticipated to exhibit highest growth rate / CAGR over the forecast period 2018-2024. Factors such as favorable government infrastructure policy and growth in the service sector in the region.
Major market player included in this report are:
Baker Hughes Incorporated
Weatherford International PLC.
National Oilwell Varco, Inc.
Scomi Group Bhd
Hebei Gn Solids Control Co. Ltd.
Nuverra Environmental Solutions
Secure Energy Services, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Treatment & Disposal
Containment & Handling
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