Global Solid Control Equipment Market Size study & Forecast, by Type by Industry Vertical and Regional Analysis, 2023-2030

PUBLISHED: July 20, 2023

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Global Solid Control Equipment Market is valued approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx over the forecast period 2023-2030. Solid control is the process of separating and transporting solid particles contained in drilling fluids that have been crushed by drill bits. The solid control equipment is essential in the drilling business because it prevents solid waste from combining with the drilling fluid. The solid control device is also very important in waste management during drilling operations. The process of eliminating gas and other impurities that have become trapped in drilling rigs requires the utilization of a gear known as solid control equipment. The rise in demand for efficient and environmentally friendly drilling procedures is a significant factor driving the growth of the solid control equipment market. On the other hand, as the global population grows, so does the need for drinking water, which plays a significant role in expanding the number of drilling activities. As a consequence, key corporations are focusing on innovations to produce more efficient solid control equipment, which is likely to increase worldwide market growth throughout the forecast period. The growing urbanisation that is occurring in developing nations is having a positive influence on market expansion.

The offshore segment is expected to aid the growth of the solid control equipment market during the forecast period. In August 2022, Nigeria's state-owned oil corporation, Nigerian National Petroleum corporation (NNPC) Limited, extended its oil production sharing contracts with multinational oil firms Shell, Equinox, Chevron, ExxonMobil, Sinopec, and Nigerian company South Atlantic Petroleum for five deepwater blocks. Over the following 20 years, the business plans to generate up to 10 billion barrels of oil also Petronas entered into four additional Production Sharing Contracts (PSCs) in March 2022 for five offshore blocks off the coasts of Sabah and Sarawak. Additionally, Petronas signed PSCs for five offshore exploration blocks in February 2021. These blocks are SK439/SK440 off the coast of Sarawak and SB412, 2W, and X off the coast of Sabah. Additionally, growing concern about waste management and rising environmental concerns is expected to create lucrative opportunities in the market in the forthcoming years. However, the high cost of capital for incorporating solid control equipment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solid Control Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rapidly expanding oil and gas industry, growing investment in Construction and infrastructure development and growing energy, and mining industry in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to the increase in offshore drilling activity and expanding exploratory activities and supportive government initiatives.

Major market player included in this report are:

Aker Solutions
Clean Harbors, Inc.
Derrick Corporation
GN Solids Control
Halliburton
Schlumberger Limited
National Oilwell Varco
Kosun Machinery Co., Ltd.
Secure Energy Services Inc.,
Weatherly International plc

Recent Developments in the Market:

In January 2023, Sarawak Shell Berhad awarded SLB a long-term integrated drilling services (LTIDS) contract for offshore well exploration and development. The LTIDS will provide solutions through technology, synergy, and process simplification across multiple business lines, with a contract scope that includes drilling services and products such as drilling and measurement, electrical wireline, drilling fluids, solids control, cementing, casing drilling, bits, mud logging, and third-party subcontractor management.
In November 2022, Abu Dhabi National Oil Company (ADNOC) announced the award of three framework agreements for integrated drilling fluids services (IDFS) valued at USD 4 billion to support the continuous expansion of its lower-cost and lower-carbon-intensive production capacity as it responds to rising global energy demand. Products, engineering, technical laboratory support, filtration equipment, and solid control equipment are examples of these services.

Global Solid Control Equipment Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimatio: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:

By Type:

Shale shaker
Mud cleaner
Mud agitator
Centrifuge
Desander
Desilter
Others

By Industry Vertical:

Oil & gas industry
Offshore
Onshore
Construction and infrastructure
Energy
Mining
Groundwater
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Solid Control Equipment Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Solid Control Equipment Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Solid Control Equipment Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Solid Control Equipment Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Solid Control Equipment Market Dynamics

3.1. Solid Control Equipment Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for environment friendly drilling processes
  - 3.1.1.2. Growing Oil and Gas Industry
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Solid Control Equipment
  - 3.1.2.2. Environmental norms
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing concern about waste management
  - 3.1.3.2. Rising environmental concerns

Chapter 4. Global Solid Control Equipment Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Solid Control Equipment Market, by Type

5.1. Market Snapshot
5.2. Global Solid Control Equipment Market by Type, Performance - Potential Analysis
5.3. Global Solid Control Equipment Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Solid Control Equipment Market, Sub Segment Analysis
- 5.4.1. Shale shaker
- 5.4.2. Mud cleaner
- 5.4.3. Mud agitator
- 5.4.4. Centrifuge
- 5.4.5. Desander
- 5.4.6. Desilter
- 5.4.7. Others

Chapter 6. Global Solid Control Equipment Market, by Industry Vertical

6.1. Market Snapshot
6.2. Global Solid Control Equipment Market by Industry Vertical, Performance - Potential Analysis
6.3. Global Solid Control Equipment Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
6.4. Solid Control Equipment Market, Sub Segment Analysis
- 6.4.1. Oil & gas industry
- 6.4.2. Offshore
- 6.4.3. Onshore
- 6.4.4. Construction and infrastructure
- 6.4.5. Energy
- 6.4.6. Mining
- 6.4.7. Groundwater
- 6.4.8. Others

Chapter 7. Global Solid Control Equipment Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Solid Control Equipment Market, Regional Market Snapshot
7.4. North America Solid Control Equipment Market
- 7.4.1. U.S. Solid Control Equipment Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Solid Control Equipment Market
7.5. Europe Solid Control Equipment Market Snapshot
- 7.5.1. U.K. Solid Control Equipment Market
- 7.5.2. Germany Solid Control Equipment Market
- 7.5.3. France Solid Control Equipment Market
- 7.5.4. Spain Solid Control Equipment Market
- 7.5.5. Italy Solid Control Equipment Market
- 7.5.6. Rest of Europe Solid Control Equipment Market
7.6. Asia-Pacific Solid Control Equipment Market Snapshot
- 7.6.1. China Solid Control Equipment Market
- 7.6.2. India Solid Control Equipment Market
- 7.6.3. Japan Solid Control Equipment Market
- 7.6.4. Australia Solid Control Equipment Market
- 7.6.5. South Korea Solid Control Equipment Market
- 7.6.6. Rest of Asia Pacific Solid Control Equipment Market
7.7. Latin America Solid Control Equipment Market Snapshot
- 7.7.1. Brazil Solid Control Equipment Market
- 7.7.2. Mexico Solid Control Equipment Market
7.8. Middle East & Africa Solid Control Equipment Market
- 7.8.1. Saudi Arabia Solid Control Equipment Market
- 7.8.2. South Africa Solid Control Equipment Market
- 7.8.3. Rest of Middle East & Africa Solid Control Equipment Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Aker Solutions
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Clean Harbors, Inc.
- 8.3.3. Derrick Corporation
- 8.3.4. GN Solids Control
- 8.3.5. Halliburton
- 8.3.6. Schlumberger Limited
- 8.3.7. National Oilwell Varco
- 8.3.8. Kosun Machinery Co., Ltd.
- 8.3.9. Secure Energy Services Inc.,
- 8.3.10. Weatherly International plc

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Solid Control Equipment Market, report scope
TABLE 2. Global Solid Control Equipment Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Solid Control Equipment Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Solid Control Equipment Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 5. Global Solid Control Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Solid Control Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Solid Control Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Solid Control Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Solid Control Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Solid Control Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Solid Control Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Solid Control Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Solid Control Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Solid Control Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Solid Control Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Solid Control Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Solid Control Equipment Market
TABLE 70. List of primary sources, used in the study of global Solid Control Equipment Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Solid Control Equipment Market, research methodology
FIG 2. Global Solid Control Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Solid Control Equipment Market, key trends 2022
FIG 5. Global Solid Control Equipment Market, growth prospects 2023-2030
FIG 6. Global Solid Control Equipment Market, porters 5 force model
FIG 7. Global Solid Control Equipment Market, pest analysis
FIG 8. Global Solid Control Equipment Market, value chain analysis
FIG 9. Global Solid Control Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Solid Control Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Solid Control Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Solid Control Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Solid Control Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Solid Control Equipment Market, regional snapshot 2020 & 2030
FIG 15. North America Solid Control Equipment Market 2020 & 2030 (USD Billion)
FIG 16. Europe Solid Control Equipment Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Solid Control Equipment Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Solid Control Equipment Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Solid Control Equipment Market 2020 & 2030 (USD Billion)