North America Drilling Waste Management Market is Expected to Reach $2.7 Billion by 2019, at a CAGR of 2.0% From 2014 to 2019

FORT WORTH, Texas, April 16, 2015 /PRNewswire/ --

The North America drilling waste management market report defines and segments the waste management in drilling market in North America with analysis and forecast of the market size. The waste management in drilling market in North America is estimated to grow from $2.5 billion in 2014 to $2.7 billion by 2019, at a CAGR of 2.0% from 2014 to 2019.

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The North America drilling waste management market is classified into two major segments by applications, namely onshore and offshore. The North America drilling waste management market is further segmented by types of services into solids control, containment and handling, and treatment and disposal. The market is further segmented and projected on the basis of major countries, such as the U.S., Canada, and Mexico.

Growing energy demand and rise in E&P capex has led to the increase in oil & gas exploration and production activities, so identification and mitigation of environment and pollution hazards becomes imperative. Furthermore, innovation in technology has led to newer avenues where the waste produced from drilling activities can be reused or recycled. Stringent regulations and compliance norms to minimize the risk to environment in the vicinity of oil production sites makes waste management highly significant. These factors act as drivers for the North American drilling waste management market.

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The U.S. is the biggest market in North America, and as of 2014, contributed a major share of around 78.4% in the drilling waste management market in North America.

This report also includes the market share and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which provide waste management in drilling. Schlumberger Ltd. (U.S.), National Oilwell Varco (U.S.), Halliburton Co(U.S.), Baker Hughes Inc. (U.S.), and Weatherford International Plc (Ireland)are the major players in the North American drilling waste management market.

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The purpose of this report is to cover the definition, description, and forecast the European drilling waste management market. It involves a deep-dive analysis of the market segmentation, which is based on technology and application. The report also gives deep insights into the competitive landscape of the market through a strategic analysis of the key players of the market. The drilling waste management market, in terms of services, has been segmented into solids control services, containment & handling, and treatment & disposal among other technologies. The main applications of the market are onshore and offshore.

http://www.micromarketmonitor.com/market/europe-drilling-waste-management-8697170849.html

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