Global Blowout Preventer Market Growth 2023-2029

Global Blowout Preventer Market Growth 2023-2029

Blowout Preventer (BOP) is a safety device used to "prevent" the uncontrolled flow of liquids and gases during well drilling operations.

Blowout preventers are large, high-pressure valves that are capable of being remotely controlled. When the driller closes the valve, a pressure-tight seal is formed at the top of the well, preventing the fluids from escaping. There are two major types of Blowout Preventers, Annular BOP and Ram BOP. Annular BOPs are usually mounted to the very top of the BOP stack. The drilling crew then mounts two, three, or four RAM BOPs below the Annular preventer. If a kick is detected, the annular is usually closed first and then the RAM is used as a backup if the Annular should fail.
Blowout preventers are used on land wells, offshore rigs, and subsea wells. Land and subsea BOPs are secured to the top of the wellbore, known as the wellhead. BOPs on offshore rigs are mounted below the rig deck. Subsea BOPs are connected to the offshore rig above by a drilling riser that provides a continuous pathway for the drill string and fluids emanating from the wellbore.
LPI (LP Information)' newest research report, the “Blowout Preventer Industry Forecast” looks at past sales and reviews total world Blowout Preventer sales in 2022, providing a comprehensive analysis by region and market sector of projected Blowout Preventer sales for 2023 through 2029. With Blowout Preventer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blowout Preventer industry.
This Insight Report provides a comprehensive analysis of the global Blowout Preventer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Blowout Preventer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Blowout Preventer market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blowout Preventer and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blowout Preventer.
The global Blowout Preventer market size is projected to grow from US$ 8867.7 million in 2022 to US$ 9600.8 million in 2029; it is expected to grow at a CAGR of 9600.8 from 2023 to 2029.
The top three players of global Blowout Preventer include GE Oil & Gas, Cameron and National Oilwell Varco with about 48% market shares. North America is the largest consumption place, with a consumption market share nearly 42%. Following North America, Europe is the second largest consumption place with the consumption market share of 17%.
This report presents a comprehensive overview, market shares, and growth opportunities of Blowout Preventer market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Annular BOP
Ram BOP
Segmentation by application
Onshore Wells
Offshore Wells
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Oil & Gas
Cameron
National Oilwell Varco
Uztel
Rongsheng Machinery
Halliburton
OJSC NaftaGaz
MSP/DRILEX
Jiangsu Xinde
Fountain Petro
Control Flow
GCOP
Jiangsu Jinshi
Well Control
Shenkai
NETS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Blowout Preventer market?
What factors are driving Blowout Preventer market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Blowout Preventer market opportunities vary by end market size?
How does Blowout Preventer break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.


*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
2 Executive Summary
3 Global Blowout Preventer by Company
4 World Historic Review for Blowout Preventer by Geographic Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Blowout Preventer by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion

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