Global Shale Shakers Market 2018-2022
About Shale Shakers
Shale shakers deal with control systems for solids. These ae used for cleaning the drilling fluid in the oil and gas drilling. They remove large solid waste practice from the drilling liquid so that it can be recycled and reused.
Technavio’s analysts forecast the global shale shakers market to grow at a CAGR of 3.45% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global shale shakers market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of shale shakers in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Shale Shakers Market 2018-2022
Technavio recognizes the following companies as the key players in the global shale shakers market: Derrick, Halliburton, National Oilwell Varco, Schlumberger, Weatherford.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase inclination toward natural gas. The increasing demand for natural gas among Asian countries is expected to benefit the global shale shakers market during the forecast period.
According to the report, one of the major drivers for this market is the increase in oil rig count. The rising market of oil wells and increasing rig count are major drivers for the growth of the global shale shakers market.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in crude oil prices. The growth in the oil and gas market which subsequently led to the growth of the global shale shakers market. The performance of oil and gas industry is largely dependent on changes in prices of crude oil.
National Oilwell Varco
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook