Drilling Waste Management Market is expected to generate a revenue of USD 10.65 Billion by 2030, Globally, at 8% CAGR: Verified Market Research®
The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Drilling Waste Management Market.
JERSEY CITY, N.J., Jan. 24, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Drilling Waste Management Market" By Service (Solid Control, Containment & Handling), By Application (Onshore, Onshore), and By Geography.
As per the deep research carried out by Verified Market Research®, the global Drilling Waste Management Market size was valued at USD 5.33 Billion in 2021 and is projected to reach USD 10.65 Billion by 2030, growing at a CAGR of 8% from 2023 to 2030.
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Browse in-depth TOC on "Drilling Waste Management Market"
202 - Pages
126 – Tables
37 – Figures
Global Drilling Waste Management Market Overview
Drilling waste is contamination formed during drilling operations such as drilling fluids and drilled cuttings. This waste is hazardous to both the workers on the job and the environment. The second-largest volume of waste generated by the Exploration and Production (E&P) industry is drilling waste. The majority of the region prefers source reduction for drilling waste management. This method includes reducing or eliminating waste generation at the source as well as the release of a contaminant from a process.
Growing exploration activities around the world, combined with government policies regarding the management of drilling waste, are expected to drive market growth over the forecast period. Growing environmental concerns and stringent government regulations for the oil and gas industry regarding the management of drilling waste are expected to drive market growth over the forecast period. However, high initial investment and a lack of skilled professionals are two factors that are expected to stymie market growth. Furthermore, ongoing research and development activities for effective methods for advanced treatment technologies are expected to provide a lucrative opportunity for the market to grow.
Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Drilling Waste Management Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Key Players
The "Global Drilling Waste Management Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Baker Hughes Incorporated, Halliburton Company, Solids Control Services, National Oilwell Varco, Inc., Schlumberger Ltd, GN Solids Control, Weatherford International PLC, Eco-Logic Environmental Engineering Inc., TWMA Group Ltd, and Scomi Group Bhd.
Based on the research, Verified Market Research® has segmented the global Drilling Waste Management Market into Service, Application, and Geography.
- Drilling Waste Management Market, by Service
- Solid Control
- Containment & Handling
- Treatment & disposal
- Drilling Waste Management Market, by Application
- Onshore
- Offshore
- Drilling Waste Management Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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