Title: North america oilfield equipment rental market
1North America Drilling Waste Management Industry
North America Drilling Waste Management Market is
estimated to grow at a CAGR of 2.0 in the
forecast period.
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2North America Drilling Waste Management Industry
Drilling is an essential process in oil gas
exploration and production activities. These
activities generate primarily two types of
wastes, namely drill cuttings and used drilling
fluids, which are harmful to the
environment. The drilling waste management
market in North America is growing at a CAGR of
2.0 from 2014 to 2019. The U.S. market has held
a major share of 78.3 in the North American
drilling waste management market in 2014.
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3North America Drilling Waste Management Industry
Rise in the exploration and production
activities, rising EP expenditures by the
countries, rising environmental concerns, and
stringent environmental rules and regulations are
some of the key factors that are fueling the
growth of the drilling waste management
market. The fastest growing market such as
Mexico has become attractive for companies
engaged in the development and marketing of the
drilling waste management services.
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4North America Drilling Waste Management Industry
With respect to application areas, onshore
drilling waste management market has registered a
market share of 98.4, and is currently
dominating over the offshore drilling waste
management market in North America. Browse
through the market data tables, figures and
detailed ToC on the North America Drilling Waste
Management Industry. http//www.micromarketmoni
tor.com/market/north-america-drilling-waste-manage
ment-4388561035.html
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5North America Drilling Waste Management Industry
The drilling waste management market in North
America is primarily driven by factors, such as
growing environmental concerns, increased EP
capital expenditure on drilling activities, and
technological developments taking place in the
field of drilling waste management. However,
high competition in the service market and lack
of experienced personnel are some of the factors
that act as market inhibitors.
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6North America Drilling Waste Management Industry
- The major companies operating in North America
Drilling Waste Management Market include - Schlumberger Ltd. (U.S.)
- National Oilwell Varco (U.S.)
- Halliburton Co (U.S.)
- Baker Hughes Inc. (U.S.)
- Weatherford International Plc (Ireland)
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7North America Drilling Waste Management Industry
With respect to application areas, onshore
drilling waste management market has registered a
market share of 98.4, and is currently
dominating over the offshore drilling waste
management market in North America.
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8North America Drilling Waste Management Industry
Stringent regulatory policies are designed by
governmental bodies of varied countries in this
region, with the sole purpose of managing
drilling waste materials in order to safeguard
the environment. Out of several treatment
options, the source reduction method ranks the
highest in comparison to the treatment and
disposal technique, which is considered as the
least preferred option for waste management in
drilling.
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9North America Drilling Waste Management Industry
Rising exploration and production activities,
government initiatives to increasing awareness
about environment, and increasing market players
investments in drilling waste management are the
key factors propelling the demand of the drilling
waste management in this fastest growing
market. Over the past three years, the
company adopted expansion of its RD
capabilities, new product launches, and strategic
partnerships/agreements as its key business
strategies to ensure its dominant position in
this market.
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10North America Drilling Waste Management Industry
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