Solid Control Equipment Market: By Product Type (Desander, Shale Shaker, Desilter, Mud Agitator, Centrifuge, Mud Cleaner and Others.), By End Use Industry (Energy, Oil and Gas Industry, Groundwater, Offshore, Mining, Onshore, Construction, Infrastructure, and Others), Geography

Solid Control Equipment market size was valued at USD 3609.4 million in 2023, and is poised to grow at a 8.4% CAGR from 2024-2030. Solid control is a process to separate the solid fragments present in the drilling fluids that are crushed by the drill bits and carry them out of the will surface. Generally, a solid control process is done in five stages or layers namely the mud tank, shale shaker, vacuum degasser, desander, desilter, and centrifuge. In each of these different stages, fragments of different sizes varying from 75 micrometre to 44 micrometre are separated from the drilling fluid. The solid control equipment plays a vital role in the drilling industry as they prevent the solid waste from mixing with the drilling fluid.

The solid control equipment also has a great significance in the waste management during the drilling activities. The major factor that drives the growth of the solid control equipment market is the rise in demand for efficient and environment friendly drilling processes. The solid control equipment not only helps in West control during the drilling process but also reduces the overall cost of drilling and minimizes the applications of synthetic drilling fluids. On the other hand, with the increase in global population, there is a rise in demand for drinking water around the world, which also plays a major role in increasing the number of drilling activities. As a result, the major companies are concentrating on innovations to introduce more efficient solid control equipment, which is expected to boost the growth of the global market during the forecast period. However, the high cost of capital for incorporating solid control equipment is anticipated to hinder the growth of the market.

Solid Control Equipment market Key Developments:

• In June 2020, the Scottish government has set up a fund, worth of approximately USD 78 million to help the energy sector recover from the economic impact of COVID-19 and the oil & gas price crash. Therefore, such steps are likely to help to overcome the negative impact and would help the market to rebound and grow during the coming years.
• In June 2020, the Norwegian Petroleum Directorate (NPD) has granted Neptune Energy for drilling permits for two wildcat wells (34/4-15 S and 34/4-15 A) drilling in the North Sea off Norway. The wells are estimated to be drilled from the Deepsea Yantai drilling rig.