Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Blowout Preventer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Blowout Preventer. This report contains market size and forecasts of Blowout Preventer in global, including the following market information:
Global Blowout Preventer Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Blowout Preventer Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Blowout Preventer companies in 2022 (%)
The global Blowout Preventer market was valued at US$ 9327.3 million in 2022 and is projected to reach US$ 10040 million by 2029, at a CAGR of 1.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Blowout Preventer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Blowout Preventer Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Blowout Preventer Market Segment Percentages, by Type, 2022 (%)
Annular BOP
Ram BOP
Global Blowout Preventer Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Blowout Preventer Market Segment Percentages, by Application, 2022 (%)
Onshore Wells
Offshore Wells
Global Blowout Preventer Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Blowout Preventer Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Blowout Preventer revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Blowout Preventer revenues share in global market, 2022 (%)
Key companies Blowout Preventer sales in global market, 2018-2023 (Estimated), (Units)
Key companies Blowout Preventer sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Blowout Preventer, market overview.
Chapter 2: Global Blowout Preventer market size in revenue and volume.
Chapter 3: Detailed analysis of Blowout Preventer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Blowout Preventer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: Global Blowout Preventer capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
