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Blowout Preventer-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Blowout Preventer market size is expected to reach US$ 9795.4 million by 2029, growing at a CAGR of 1.1% from 2023 to 2029. The market is mainly driven by the significant applications of Blowout Preventer in various end use industries. The expanding demands from the Onshore Wells and Offshore Wells, are propelling Blowout Preventer market. Annular BOP, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Ram BOP segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Blowout Preventer, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Blowout Preventer market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Blowout Preventer market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Blowout Preventer sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Blowout Preventer covered in this report include GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX and Jiangsu Xinde, etc.
The global Blowout Preventer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Blowout Preventer market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Blowout Preventer market, Segment by Type:
Annular BOP
Ram BOP
Global Blowout Preventer market, by Application
Onshore Wells
Offshore Wells
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Blowout Preventer manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Blowout Preventer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Blowout Preventer market size is expected to reach US$ 9795.4 million by 2029, growing at a CAGR of 1.1% from 2023 to 2029. The market is mainly driven by the significant applications of Blowout Preventer in various end use industries. The expanding demands from the Onshore Wells and Offshore Wells, are propelling Blowout Preventer market. Annular BOP, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Ram BOP segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Blowout Preventer, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Blowout Preventer market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Blowout Preventer market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Blowout Preventer sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Blowout Preventer covered in this report include GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX and Jiangsu Xinde, etc.
The global Blowout Preventer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Blowout Preventer market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Blowout Preventer market, Segment by Type:
Annular BOP
Ram BOP
Global Blowout Preventer market, by Application
Onshore Wells
Offshore Wells
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Blowout Preventer manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Blowout Preventer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Blowout Preventer Market Overview
1.1 Blowout Preventer Product Overview
1.2 Blowout Preventer Market Segment by Type
1.2.1 Annular BOP
1.2.2 Ram BOP
1.3 Global Blowout Preventer Market Size by Type
1.3.1 Global Blowout Preventer Market Size Overview by Type (2018-2029)
1.3.2 Global Blowout Preventer Historic Market Size Review by Type (2018-2023)
1.3.3 Global Blowout Preventer Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Blowout Preventer Sales Breakdown by Type (2018-2023)
1.4.2 Europe Blowout Preventer Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Blowout Preventer Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Blowout Preventer Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Blowout Preventer Sales Breakdown by Type (2018-2023)
2 Global Blowout Preventer Market Competition by Company
2.1 Global Top Players by Blowout Preventer Sales (2018-2023)
2.2 Global Top Players by Blowout Preventer Revenue (2018-2023)
2.3 Global Top Players by Blowout Preventer Price (2018-2023)
2.4 Global Top Manufacturers Blowout Preventer Manufacturing Base Distribution, Sales Area, Product Type
2.5 Blowout Preventer Market Competitive Situation and Trends
2.5.1 Blowout Preventer Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Blowout Preventer Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Blowout Preventer as of 2022)
2.7 Date of Key Manufacturers Enter into Blowout Preventer Market
2.8 Key Manufacturers Blowout Preventer Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Blowout Preventer Status and Outlook by Region
3.1 Global Blowout Preventer Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Blowout Preventer Historic Market Size by Region
3.2.1 Global Blowout Preventer Sales in Volume by Region (2018-2023)
3.2.2 Global Blowout Preventer Sales in Value by Region (2018-2023)
3.2.3 Global Blowout Preventer Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Blowout Preventer Forecasted Market Size by Region
3.3.1 Global Blowout Preventer Sales in Volume by Region (2024-2029)
3.3.2 Global Blowout Preventer Sales in Value by Region (2024-2029)
3.3.3 Global Blowout Preventer Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Blowout Preventer by Application
4.1 Blowout Preventer Market Segment by Application
4.1.1 Onshore Wells
4.1.2 Offshore Wells
4.2 Global Blowout Preventer Market Size by Application
4.2.1 Global Blowout Preventer Market Size Overview by Application (2018-2029)
4.2.2 Global Blowout Preventer Historic Market Size Review by Application (2018-2023)
4.2.3 Global Blowout Preventer Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Blowout Preventer Sales Breakdown by Application (2018-2023)
4.3.2 Europe Blowout Preventer Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Blowout Preventer Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Blowout Preventer Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Blowout Preventer Sales Breakdown by Application (2018-2023)
5 North America Blowout Preventer by Country
5.1 North America Blowout Preventer Historic Market Size by Country
5.1.1 North America Blowout Preventer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Blowout Preventer Sales in Volume by Country (2018-2023)
5.1.3 North America Blowout Preventer Sales in Value by Country (2018-2023)
5.2 North America Blowout Preventer Forecasted Market Size by Country
5.2.1 North America Blowout Preventer Sales in Volume by Country (2024-2029)
5.2.2 North America Blowout Preventer Sales in Value by Country (2024-2029)
6 Europe Blowout Preventer by Country
6.1 Europe Blowout Preventer Historic Market Size by Country
6.1.1 Europe Blowout Preventer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Blowout Preventer Sales in Volume by Country (2018-2023)
6.1.3 Europe Blowout Preventer Sales in Value by Country (2018-2023)
6.2 Europe Blowout Preventer Forecasted Market Size by Country
6.2.1 Europe Blowout Preventer Sales in Volume by Country (2024-2029)
6.2.2 Europe Blowout Preventer Sales in Value by Country (2024-2029)
7 Asia-Pacific Blowout Preventer by Region
7.1 Asia-Pacific Blowout Preventer Historic Market Size by Region
7.1.1 Asia-Pacific Blowout Preventer Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Blowout Preventer Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Blowout Preventer Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Blowout Preventer Forecasted Market Size by Region
7.2.1 Asia-Pacific Blowout Preventer Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Blowout Preventer Sales in Value by Region (2024-2029)
8 Latin America Blowout Preventer by Country
8.1 Latin America Blowout Preventer Historic Market Size by Country
8.1.1 Latin America Blowout Preventer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Blowout Preventer Sales in Volume by Country (2018-2023)
8.1.3 Latin America Blowout Preventer Sales in Value by Country (2018-2023)
8.2 Latin America Blowout Preventer Forecasted Market Size by Country
8.2.1 Latin America Blowout Preventer Sales in Volume by Country (2024-2029)
8.2.2 Latin America Blowout Preventer Sales in Value by Country (2024-2029)
9 Middle East and Africa Blowout Preventer by Country
9.1 Middle East and Africa Blowout Preventer Historic Market Size by Country
9.1.1 Middle East and Africa Blowout Preventer Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Blowout Preventer Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Blowout Preventer Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Blowout Preventer Forecasted Market Size by Country
9.2.1 Middle East and Africa Blowout Preventer Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Blowout Preventer Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 GE Oil & Gas
10.1.1 GE Oil & Gas Company Information
10.1.2 GE Oil & Gas Introduction and Business Overview
10.1.3 GE Oil & Gas Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.1.4 GE Oil & Gas Blowout Preventer Products Offered
10.1.5 GE Oil & Gas Recent Development
10.2 Cameron
10.2.1 Cameron Company Information
10.2.2 Cameron Introduction and Business Overview
10.2.3 Cameron Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Cameron Blowout Preventer Products Offered
10.2.5 Cameron Recent Development
10.3 National Oilwell Varco
10.3.1 National Oilwell Varco Company Information
10.3.2 National Oilwell Varco Introduction and Business Overview
10.3.3 National Oilwell Varco Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.3.4 National Oilwell Varco Blowout Preventer Products Offered
10.3.5 National Oilwell Varco Recent Development
10.4 Uztel
10.4.1 Uztel Company Information
10.4.2 Uztel Introduction and Business Overview
10.4.3 Uztel Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Uztel Blowout Preventer Products Offered
10.4.5 Uztel Recent Development
10.5 Rongsheng Machinery
10.5.1 Rongsheng Machinery Company Information
10.5.2 Rongsheng Machinery Introduction and Business Overview
10.5.3 Rongsheng Machinery Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Rongsheng Machinery Blowout Preventer Products Offered
10.5.5 Rongsheng Machinery Recent Development
10.6 Halliburton
10.6.1 Halliburton Company Information
10.6.2 Halliburton Introduction and Business Overview
10.6.3 Halliburton Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Halliburton Blowout Preventer Products Offered
10.6.5 Halliburton Recent Development
10.7 OJSC NaftaGaz
10.7.1 OJSC NaftaGaz Company Information
10.7.2 OJSC NaftaGaz Introduction and Business Overview
10.7.3 OJSC NaftaGaz Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.7.4 OJSC NaftaGaz Blowout Preventer Products Offered
10.7.5 OJSC NaftaGaz Recent Development
10.8 MSP/DRILEX
10.8.1 MSP/DRILEX Company Information
10.8.2 MSP/DRILEX Introduction and Business Overview
10.8.3 MSP/DRILEX Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.8.4 MSP/DRILEX Blowout Preventer Products Offered
10.8.5 MSP/DRILEX Recent Development
10.9 Jiangsu Xinde
10.9.1 Jiangsu Xinde Company Information
10.9.2 Jiangsu Xinde Introduction and Business Overview
10.9.3 Jiangsu Xinde Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Jiangsu Xinde Blowout Preventer Products Offered
10.9.5 Jiangsu Xinde Recent Development
10.10 Fountain Petro
10.10.1 Fountain Petro Company Information
10.10.2 Fountain Petro Introduction and Business Overview
10.10.3 Fountain Petro Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Fountain Petro Blowout Preventer Products Offered
10.10.5 Fountain Petro Recent Development
10.11 Control Flow
10.11.1 Control Flow Company Information
10.11.2 Control Flow Introduction and Business Overview
10.11.3 Control Flow Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Control Flow Blowout Preventer Products Offered
10.11.5 Control Flow Recent Development
10.12 GCOP
10.12.1 GCOP Company Information
10.12.2 GCOP Introduction and Business Overview
10.12.3 GCOP Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.12.4 GCOP Blowout Preventer Products Offered
10.12.5 GCOP Recent Development
10.13 Jiangsu Jinshi
10.13.1 Jiangsu Jinshi Company Information
10.13.2 Jiangsu Jinshi Introduction and Business Overview
10.13.3 Jiangsu Jinshi Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Jiangsu Jinshi Blowout Preventer Products Offered
10.13.5 Jiangsu Jinshi Recent Development
10.14 Well Control
10.14.1 Well Control Company Information
10.14.2 Well Control Introduction and Business Overview
10.14.3 Well Control Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Well Control Blowout Preventer Products Offered
10.14.5 Well Control Recent Development
10.15 Shenkai
10.15.1 Shenkai Company Information
10.15.2 Shenkai Introduction and Business Overview
10.15.3 Shenkai Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Shenkai Blowout Preventer Products Offered
10.15.5 Shenkai Recent Development
10.16 NETS
10.16.1 NETS Company Information
10.16.2 NETS Introduction and Business Overview
10.16.3 NETS Blowout Preventer Sales, Revenue and Gross Margin (2018-2023)
10.16.4 NETS Blowout Preventer Products Offered
10.16.5 NETS Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Blowout Preventer Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Blowout Preventer Industrial Chain Analysis
11.4 Blowout Preventer Market Dynamics
11.4.1 Blowout Preventer Industry Trends
11.4.2 Blowout Preventer Market Drivers
11.4.3 Blowout Preventer Market Challenges
11.4.4 Blowout Preventer Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Blowout Preventer Distributors
12.3 Blowout Preventer Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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