The drilling mud desander and desilter market share is expected to increase by USD 33.69 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.19%.

This drilling mud desander and desilter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers drilling mud desander and desilter market segmentations by application (onshore and offshore) and geography (North America, MEA, APAC, Europe, and South America). The drilling mud desander and desilter market report also offers information on several market vendors, including Derrick Corp., DFE, Double Life Corp., General Electric Co., GN Solids Control, Halliburton Co., NOV Inc., Schlumberger Ltd., Specialized Desanders Inc., and Triflo International Inc. among others.

What will the Drilling Mud Desander and Desilter Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Drilling Mud Desander and Desilter Market Size for the Forecast Period and Other Important Statistics

Drilling Mud Desander and Desilter Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing global rig activity is notably driving market growth, although factors such as risks associated with drilling activities may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Drilling Mud Desander and Desilter Market Driver

One of the key factors driving the market growth is the increasing global rig activity. The global active rig count was high as the average crude oil import cost, the volume?weighted average cost for France, Germany, Italy, Spain, the UK, Japan, Canada, and the US, was USD41.96 per barrel according to the IEA in 2020. The increase in onshore and offshore drilling projects, as well as deepwater and ultra-deepwater drilling activities due to high global crude oil prices, has encouraged oil and gas companies to invest in oil and gas projects to improve profitability. The growth in drilling activities leads to a rise in the demand for oil and gas drilling rigs. The gradual recovery of the global crude oil price from the third quarter of 2018 has resulted in an increase in the number of active rigs for both onshore and offshore drilling. This is expected to increase the demand for oilfield equipment, including desanders and desilters, which will drive the growth of the market during the forecast period.

Key Drilling Mud Desander and Desilter Market Trend

An increase in deepwater and ultra-deepwater upstream projects is the major trend influencing market growth. Oil and gas companies have been successful in onshore oil and gas production for many decades. Offshore locations have also been popular sources of oil and gas. After shallow-water drilling, oil and gas companies shifted their focus to deepwater and ultra-deepwater resources. The average price of crude oil should be higher for deepwater and ultra-deepwater projects to be profitable when compared with onshore and shallow water. This is due to the high cost of E&P in areas with large water depths. Such projects were shunned post the decline in the price of crude oil in 2014. The extraction of oil from ultra-deepwater is expensive and challenging compared with onshore drilling due to harsh weather conditions. The number of offshore deepwater and ultra-deepwater drilling projects is growing. This will lead to a rise in the number of rigs, which will increase the demand for during the forecast period.

Key Drilling Mud Desander and Desilter Market Challenge

Risks associated with drilling activities is one of the key challenges hindering market growth. Oil and gas E&P accidents became a major concern post-BP's Deepwater Horizon oil spill in 2010. Violation of laws or international mandates due to spillage of oil or any oil-related products into the environment entails penalties. These penalties vary significantly at regional as well as international levels. Health concerns among individuals exposed to the drilling environment are another challenge for drilling activities. Drilling fluids are used for lubricating drill bits, removing drill cuttings, and providing a sturdy barrier for good control. Inhaling the vapors or allowing direct contact with the drilling fluids can lead to severe health issues, as drilling fluids contain a mixture of chemicals. Some of the frequent health problems include skin irritation and contact dermatitis. Less frequent concerns include dizziness, headache, drowsiness, nausea, respiratory problems, and cancer. Thus, environmental and health concerns during drilling can hinder the growth of E&P activities in the oil and gas industry. This will directly affect the growth of the market during the forecast period.

This  market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Drilling Mud Desander and Desilter Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Derrick Corp.
• DFE
• Double Life Corp.
• General Electric Co.
• GN Solids Control
• Halliburton Co.
• NOV Inc.
• Schlumberger Ltd.
• Specialized Desanders Inc.
• Triflo International Inc.

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• Derrick Corp. - The company offers a wide range of such as 10 inch inline incline desander, inline verticle desander, round desilter manifold, inline desilter among others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The drilling mud desander and desilter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Drilling Mud Desander and Desilter Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Drilling Mud Desander and Desilter Market?

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market's growth will originate from North America during the forecast period. US is the key market for in North America. Market growth in this region will be faster than the growth of the market in MEA and South America regions.

Growing oil and gas drilling activities will increase the demand for solids control equipment in drilling facilities, including drilling mud desander and desilters, thereby bolstering the US onshore drilling fluid market in North America over the forecast period. This market research report provides comprehensive insights into competitive intelligence, marketing gaps, and regional opportunities for vendors. These insights are crucial for crafting efficient business plans tailored to capitalize on the expanding market for drilling and completion fluids in the US onshore segment.

COVID Impact and Recovery Analysis

The COVID-19 outbreak in 2020 had a negative impact on the market in North America. The US was among the worst-affected countries by the pandemic in the region. In 2020, the rise in the number of deaths from COVID-19 in the region led to nationwide lockdowns in countries such as the US, Canada, and Mexico. However, following the lifting of lockdown restrictions in the second half of 2020, major offshore and onshore drilling operations resumed. Hence, the regional market is expected to recover and grow during the forecast period, owing to the increasing number of offshore and onshore drilling exploration projects in the region.

What are the Revenue-generating Application Segments in the Drilling Mud Desander and Desilter Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The market share growth by the onshore will be significant during the forecast period. The major factor supporting the growth of the onshore segment of the market is the increase in demand for oil and gas. Several countries have stepped up their oil and gas output to meet the rising demand. For instance, in July 2021, the National Iranian Drilling Company (NIDC) allocated 5.2 trillion rials for the renovation and upgrading of its drilling rigs and equipment in its operational, technical, specialized, and logistical departments.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

Request for a FREE sample

What are the Key Data Covered in this Drilling Mud Desander And Desilter Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive  market growth during the next five years
• Precise estimation of the  market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across North America, MEA, APAC, Europe, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of  desilter market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch