Blowout Preventer (BOP) Market: Global Industry Analysis and Forecast (2022-2029)

 Blowout Preventer (BOP) Market size is expected to reach nearly US$ 38.38 Bn by 2029 with the CAGR of 3.05% during the forecast period. A blowout preventer is a specialized unit, which is used to prevent an oil leak from occurring. It is also used across the globe to safely isolate wells. Rise in deep and ultra-deep-water drilling projects activities are expected to drive market growth. Strict norms and regulations in the upstream hydrocarbon sector and effective exploration operations are some of the drivers behind the market growth.Blowout Preventer (BOP) MarketTo know about the Research Methodology :- Request Free Sample Report The Ram BOP is expected to share US xxMn in global blowout preventer (bop) market during the forecast period. It is widely used for regulating the erratic pressures and uncontrolled flows in the Oil & Gas field. Ram BOP blowout preventers are commonly used in the drilling operations. An increase in safety standards, particularly in offshore locations are expected to boost market growth. Key players are taking immense care in choosing blowout preventers for their rigs and order more than one blowout preventer as a backup. Despite offshore drilling is challenging and expensive in ultra-deep-water environments the recovery of crude oil prices has to result in significant investments in oil exploration activities projects. An increase in offshore drilling is expected to increase E&P activities in subsea wells, which will increase the demand for blowout preventer systems. The presence of the simplification and standardization of designs in the market for offshore equipment and services is resulting to reduce the costs of offshore oil and gas drilling projects. Growth in the profitability of offshore projects is expected to increase the usage of the blowout preventer in subsea projects during the forecast period. Region-wise, the North America region is estimated to hold the dominant position in the global blowout preventer (BOP) market. The region is offering a lucrative market for blowout preventer because of the increase in the exploration activities in the US and Canada. An increase in production of hydrocarbon and monitoring of wellbore is boosting the demand for blowout preventers. The U.S. country has some of the most stringent regulations for oil spills in marine environments. The rules and penal damage structure for oil spills in the country are expected to increase the demand for a blowout preventer. The oil and gas key players are progressively investing in mature oil and gas fields to increase the revenue from Oil & Gas fields. A rise in the oil and gas E&P activities are increasing the demand for blowout preventers. Currently, some of the many oil and gas key players are focusing on safeguarding the safety of the devices and equipment because of the numerous oil spill incidents that happened in several regions. The objective of the report is to present a comprehensive analysis of Global Blowout Preventer (BOP) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Blowout Preventer (BOP) Market dynamics, structure by analysing the market segments and project the Global Blowout Preventer (BOP) Market size. Clear representation of competitive analysis of key players by Thyroid Gland Disorders Treatment Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Blowout Preventer (BOP) Market make the report investor’s guide. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

 Blowout Preventer (BOP) Market: Inquire before buying

Blowout Preventer (BOP) Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 30.18 Bn.
Forecast Period 2022 to 2029 CAGR: 3.05% Market Size in 2029: US $ 38.38 Bn.
Segments Covered: by By Type • Annular BOP • Ram BOP
by Application • Onshore • Offshore

Blowout Preventer (BOP) Market By Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

 Blowout Preventer (BOP) Market Key Players

• Schlumberger • Cameron International Corporation • National Oilwell Varco • Control Flow Inc. • B.O.P. Products, Llc. • Worldwide Oilfield Machine, Inc. • Kerui Petroleum • Alberta Petroleum Industries Ltd • Weatherford International • Control Technology Inc. • Baker Hughes • GE Oil & Gas • Proserv Group Inc. • Greenes Energy Group, LLC • Shanghai Shenkai Petroleum & Chemical Equipment • Uztel S.A • Rongsheng Machinery Manufacture Ltd. • Rigmanufacturer • Aker Solutions • FMC Technologies • OJSC NaftaGaz • MSP/DRILEX • Fountain Petro Frequently Asked Questions: 1. Which region has the largest share in Global Blowout Preventer (BOP) Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Blowout Preventer (BOP) Market? Ans: The Global Blowout Preventer (BOP) Market is growing at a CAGR of 3.05% during forecasting period 2022-2029. 3. What is scope of the Global Blowout Preventer (BOP) market report? Ans: Global Blowout Preventer (BOP) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Blowout Preventer (BOP) market? Ans: The important key players in the Global Blowout Preventer (BOP) Market are – Schlumberger, Cameron International Corporation, National Oilwell Varco, Control Flow Inc., B.O.P. Products, Llc., Worldwide Oilfield Machine, Inc., Kerui Petroleum, Alberta Petroleum Industries Ltd, Weatherford International, Control Technology Inc., Baker Hughes, GE Oil & Gas, Proserv Group Inc., Greenes Energy Group, LLC, Shanghai Shenkai Petroleum & Chemical Equipment, Uztel S.A, Rongsheng Machinery Manufacture Ltd., Rigmanufacturer, Aker Solutions, FMC Technologies, OJSC NaftaGaz, MSP/DRILEX, and Fountain Petro 5. What is the study period of this market? Ans: The Global Blowout Preventer (BOP) Market is studied from 2021 to 2029.

Blowout Preventer (BOP) Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Blowout Preventer (BOP) Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Blowout Preventer (BOP) Market Analysis and Forecast 6.1. Blowout Preventer (BOP) Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Blowout Preventer (BOP) Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Blowout Preventer (BOP) Market Value Share Analysis, by Type 7.4. Blowout Preventer (BOP) Market Size (US$ Bn) Forecast, by Type 7.5. Blowout Preventer (BOP) Market Analysis, by Type 7.6. Blowout Preventer (BOP) Market Attractiveness Analysis, by Type 8. Blowout Preventer (BOP) Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Blowout Preventer (BOP) Market Value Share Analysis, by Application 8.4. Blowout Preventer (BOP) Market Size (US$ Bn) Forecast, by Application 8.5. Blowout Preventer (BOP) Market Analysis, by Application 8.6. Blowout Preventer (BOP) Market Attractiveness Analysis, by Application 9. Blowout Preventer (BOP) Market Analysis, by Region 9.1. Blowout Preventer (BOP) Market Value Share Analysis, by Region 9.2. Blowout Preventer (BOP) Market Size (US$ Bn) Forecast, by Region 9.3. Blowout Preventer (BOP) Market Attractiveness Analysis, by Region 10. North America Blowout Preventer (BOP) Market Analysis 10.1. Key Findings 10.2. North America Blowout Preventer (BOP) Market Overview 10.3. North America Blowout Preventer (BOP) Market Value Share Analysis, by Type 10.4. North America Blowout Preventer (BOP) Market Forecast, by Type 10.4.1. Annular BOP 10.4.2. Ram BOP 10.5. North America Blowout Preventer (BOP) Market Value Share Analysis, by Application 10.6. North America Blowout Preventer (BOP) Market Forecast, by Application 10.6.1. Onshore 10.6.2. Offshore 10.7. North America Blowout Preventer (BOP) Market Value Share Analysis, by Country 10.8. North America Blowout Preventer (BOP) Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Blowout Preventer (BOP) Market Analysis, by Country 10.10. U.S. Blowout Preventer (BOP) Market Forecast, by Type 10.10.1. Annular BOP 10.10.2. Ram BOP 10.11. U.S. Blowout Preventer (BOP) Market Forecast, by Application 10.11.1. Onshore 10.11.2. Offshore 10.12. Canada Blowout Preventer (BOP) Market Forecast, by Type 10.12.1. Annular BOP 10.12.2. Ram BOP 10.13. Canada Blowout Preventer (BOP) Market Forecast, by Application 10.13.1. Onshore 10.13.2. Offshore 10.14. North America Blowout Preventer (BOP) Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Blowout Preventer (BOP) Market Analysis 11.1. Key Findings 11.2. Europe Blowout Preventer (BOP) Market Overview 11.3. Europe Blowout Preventer (BOP) Market Value Share Analysis, by Type 11.4. Europe Blowout Preventer (BOP) Market Forecast, by Type 11.4.1. Annular BOP 11.4.2. Ram BOP 11.5. Europe Blowout Preventer (BOP) Market Value Share Analysis, by Application 11.6. Europe Blowout Preventer (BOP) Market Forecast, by Application 11.6.1. Onshore 11.6.2. Offshore 11.7. Europe Blowout Preventer (BOP) Market Value Share Analysis, by Country 11.8. Europe Blowout Preventer (BOP) Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Blowout Preventer (BOP) Market Analysis, by Country 11.10. Germany Blowout Preventer (BOP) Market Forecast, by Type 11.10.1. Annular BOP 11.10.2. Ram BOP 11.11. Germany Blowout Preventer (BOP) Market Forecast, by Application 11.11.1. Onshore 11.11.2. Offshore 11.12. U.K. Blowout Preventer (BOP) Market Forecast, by Type 11.12.1. Annular BOP 11.12.2. Ram BOP 11.13. U.K. Blowout Preventer (BOP) Market Forecast, by Application 11.13.1. Onshore 11.13.2. Offshore 11.14. France Blowout Preventer (BOP) Market Forecast, by Type 11.14.1. Annular BOP 11.14.2. Ram BOP 11.15. France Blowout Preventer (BOP) Market Forecast, by Application 11.15.1. Onshore 11.15.2. Offshore 11.16. Italy Blowout Preventer (BOP) Market Forecast, by Type 11.16.1. Annular BOP 11.16.2. Ram BOP 11.17. Italy Blowout Preventer (BOP) Market Forecast, by Application 11.17.1. Onshore 11.17.2. Offshore 11.18. Spain Blowout Preventer (BOP) Market Forecast, by Type 11.18.1. Annular BOP 11.18.2. Ram BOP 11.19. Spain Blowout Preventer (BOP) Market Forecast, by Application 11.19.1. Onshore 11.19.2. Offshore 11.20. Rest of Europe Blowout Preventer (BOP) Market Forecast, by Type 11.20.1. Annular BOP 11.20.2. Ram BOP 11.21. Rest of Europe Blowout Preventer (BOP) Market Forecast, by Application 11.21.1. Onshore 11.21.2. Offshore 11.22. Europe Blowout Preventer (BOP) Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trend 11.25. Key Development 12. Asia Pacific Blowout Preventer (BOP) Market Analysis 12.1. Key Findings 12.2. Asia Pacific Blowout Preventer (BOP) Market Overview 12.3. Asia Pacific Blowout Preventer (BOP) Market Value Share Analysis, by Type 12.4. Asia Pacific Blowout Preventer (BOP) Market Forecast, by Type 12.4.1. Annular BOP 12.4.2. Ram BOP 12.5. Asia Pacific Blowout Preventer (BOP) Market Value Share Analysis, by Application 12.6. Asia Pacific Blowout Preventer (BOP) Market Forecast, by Application 12.6.1. Onshore 12.6.2. Offshore 12.7. Asia Pacific Blowout Preventer (BOP) Market Value Share Analysis, by Country 12.8. Asia Pacific Blowout Preventer (BOP) Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Blowout Preventer (BOP) Market Analysis, by Country 12.10. China Blowout Preventer (BOP) Market Forecast, by Type 12.10.1. Annular BOP 12.10.2. Ram BOP 12.11. China Blowout Preventer (BOP) Market Forecast, by Application 12.11.1. Onshore 12.11.2. Offshore 12.12. India Blowout Preventer (BOP) Market Forecast, by Type 12.12.1. Annular BOP 12.12.2. Ram BOP 12.13. India Blowout Preventer (BOP) Market Forecast, by Application 12.13.1. Onshore 12.13.2. Offshore 12.14. Japan Blowout Preventer (BOP) Market Forecast, by Type 12.14.1. Annular BOP 12.14.2. Ram BOP 12.15. Japan Blowout Preventer (BOP) Market Forecast, by Application 12.15.1. Onshore 12.15.2. Offshore 12.16. ASEAN Blowout Preventer (BOP) Market Forecast, by Type 12.16.1. Annular BOP 12.16.2. Ram BOP 12.17. ASEAN Blowout Preventer (BOP) Market Forecast, by Application 12.17.1. Onshore 12.17.2. Offshore 12.18. Rest of Asia Pacific Blowout Preventer (BOP) Market Forecast, by Type 12.18.1. Annular BOP 12.18.2. Ram BOP 12.19. Rest of Asia Pacific Blowout Preventer (BOP) Market Forecast, by Application 12.19.1. Onshore 12.19.2. Offshore 12.20. Asia Pacific Blowout Preventer (BOP) Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. Middle East & Africa Blowout Preventer (BOP) Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Blowout Preventer (BOP) Market Overview 13.3. Middle East & Africa Blowout Preventer (BOP) Market Value Share Analysis, by Type 13.4. Middle East & Africa Blowout Preventer (BOP) Market Forecast, by Type 13.4.1. Annular BOP 13.4.2. Ram BOP 13.5. Middle East & Africa Blowout Preventer (BOP) Market Value Share Analysis, by Application 13.6. Middle East & Africa Blowout Preventer (BOP) Market Forecast, by Application 13.6.1. Onshore 13.6.2. Offshore 13.7. Middle East & Africa Blowout Preventer (BOP) Market Value Share Analysis, by Country 13.8. Middle East & Africa Blowout Preventer (BOP) Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Blowout Preventer (BOP) Market Analysis, by Country 13.10. GCC Blowout Preventer (BOP) Market Forecast, by Type 13.10.1. Annular BOP 13.10.2. Ram BOP 13.11. GCC Blowout Preventer (BOP) Market Forecast, by Application 13.11.1. Onshore 13.11.2. Offshore 13.12. South Africa Blowout Preventer (BOP) Market Forecast, by Type 13.12.1. Annular BOP 13.12.2. Ram BOP 13.13. South Africa Blowout Preventer (BOP) Market Forecast, by Application 13.13.1. Onshore 13.13.2. Offshore 13.14. Rest of Middle East & Africa Blowout Preventer (BOP) Market Forecast, by Type 13.14.1. Annular BOP 13.14.2. Ram BOP 13.15. Rest of Middle East & Africa Blowout Preventer (BOP) Market Forecast, by Application 13.15.1. Onshore 13.15.2. Offshore 13.16. Middle East & Africa Blowout Preventer (BOP) Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Blowout Preventer (BOP) Market Analysis 14.1. Key Findings 14.2. South America Blowout Preventer (BOP) Market Overview 14.3. South America Blowout Preventer (BOP) Market Value Share Analysis, by Type 14.4. South America Blowout Preventer (BOP) Market Forecast, by Type 14.4.1. Annular BOP 14.4.2. Ram BOP 14.5. Pharmaceutical Grades South America Blowout Preventer (BOP) Market Value Share Analysis, by Application 14.6. South America Blowout Preventer (BOP) Market Forecast, by Application 14.6.1. Onshore 14.6.2. Offshore 14.7. South America Blowout Preventer (BOP) Market Value Share Analysis, by Country 14.8. South America Blowout Preventer (BOP) Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Blowout Preventer (BOP) Market Forecast, by Type 14.9.1. Annular BOP 14.9.2. Ram BOP 14.10. Brazil Blowout Preventer (BOP) Market Forecast, by Application 14.10.1. Onshore 14.10.2. Offshore 14.11. Mexico Blowout Preventer (BOP) Market Forecast, by Type 14.11.1. Annular BOP 14.11.2. Ram BOP 14.12. Mexico Blowout Preventer (BOP) Market Forecast, by Application 14.12.1. Onshore 14.12.2. Offshore 14.13. Rest of South America Blowout Preventer (BOP) Market Forecast, by Type 14.13.1. Annular BOP 14.13.2. Ram BOP 14.14. Rest of South America Blowout Preventer (BOP) Market Forecast, by Application 14.14.1. Onshore 14.14.2. Offshore 14.15. South America Blowout Preventer (BOP) Market Attractiveness Analysis 14.15.1. By Type 14.15.2. By Application 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Schlumberger 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprint 15.3.2. Cameron International Corporation 15.3.3. National Oilwell Varco 15.3.4. Control Flow Inc. 15.3.5. B.O.P. Products, Llc. 15.3.6. Worldwide Oilfield Machine, Inc. 15.3.7. Kerui Petroleum 15.3.8. Alberta Petroleum Industries Ltd 15.3.9. Weatherford International 15.3.10. Control Technology Inc. 15.3.11. Baker Hughes 15.3.12. GE Oil & Gas 15.3.13. Proserv Group Inc. 15.3.14. Greenes Energy Group, LLC 15.3.15. Shanghai Shenkai Petroleum & Chemical Equipment 15.3.16. Uztel S.A 15.3.17. Rongsheng Machinery Manufacture Ltd. 15.3.18. Rigmanufacturer 15.3.19. Aker Solutions 15.3.20. FMC Technologies 15.3.21. OJSC NaftaGaz 15.3.22. MSP/DRILEX 15.3.23. Fountain Petro 16. Primary Key Insights

About This Report

Report ID 42514
Category Automation & Process Control
Published Date Jan 2023
Updated Date
Contact Us