The global pressure control equipment market is estimated to grow from USD 6.8 Billion in 2022 to USD 8.9 Billion by 2027; it is expected to record a CAGR of 5.4% during the forecast period. Emerging offshore opportunities and rising exploration and production of unconventional oil & gas resources, especially in North American region are the major driving factor for the pressure control equipment market.
High Pressure (Above 10,000 psi): The largest segment of the pressure control equipment market, by pressure
Based on pressure, the pressure control equipment market has been split into low pressure (below 10,000 psi), and high pressure (above 10,000 psi). High pressure (above 10,000 psi) were estimated to account for a larger share of the pressure control equipment market in 2021. Advantages like low maintenance and high power, making high-pressure control equipment ideal for such applications.
Services segment is expected to emerge as the fastest segment based on sales type
By sales type, the pressure control equipment market has been segmented into new purchase, rental, services, and spares. Services segment is expected to be the fastest segment during the forecast period due to the increased use of pressure control equipment in the drilling application.
Asia Pacific is expected to be the second-largest market during the forecast period.
Asia Pacific is expected to be the second-fastest growing market due to the advancements in drilling operations and industrial equipment and their increased deployment in the oil & gas industry are expected to drive the growth of the pressure control equipment market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%and Tier 3- 11%
- By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
- By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 8%, and South America- 12%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The pressure control equipment market is dominated by a few major players that have a wide regional presence. The leading players in the pressure control equipment market are SLB (US), Weatherford (US), NOV Inc (US), Baker Hughes (US), and The Weir Group PLC (UK)
Research Coverage:
The report defines, describes, and forecasts the global pressure control equipment market, by type, component, application, sales type, pressure and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the pressure control equipment market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for pressure control equipment, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Pressure Control Equipment Market, by Type: Inclusions and Exclusions
1.2.2 Market, by Component: Inclusions and Exclusions
1.2.3 Market, by Sales Type: Inclusions and Exclusions
1.2.4 Market, by Application: Inclusions and Exclusions
1.2.5 Market, by Pressure: Inclusions and Exclusions
1.2.6 Market, by Region: Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 1 Pressure Control Equipment Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Research Scope
Figure 3 Main Metrics Considered while Constructing and Assessing Demand for Pressure Control Equipment
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Demand-Side Analysis
2.4.3.1 Regional Analysis
2.4.3.2 Country Analysis
2.4.3.3 Assumptions for Demand Side
2.4.3.4 Calculations for Demand Side
2.4.4 Supply-Side Analysis
Figure 6 Key Steps Considered for Assessing Supply of Market
Figure 7 Pressure Control Equipment Market: Supply-Side Analysis
2.4.4.1 Assumptions for Supply Side
2.4.4.2 Calculations for Supply Side
Figure 8 Company Revenue Analysis, 2021
2.4.5 Research Forecast
3 Executive Summary
Table 1 Pressure Control Equipment Market Snapshot
Figure 9 North America Led Market in 2021
Figure 10 Coiled Tubing Pressure Control Equipment to be Fastest-Growing Market, by Type, During 2022-2027
Figure 11 Wellhead Equipment to Account for Largest Share of Market, by Component, in 2022-2027
Figure 12 High Pressure (Above 10,000 Psi) Segment to Hold Largest Market Share of Market, by Pressure Type, in 2022-2027
Figure 13 Offshore Applications to be Fastest-Growing Pressure Control Equipment End-user, by Application, During Forecast Period
Figure 14 Rental Sales Type to Hold Largest Share of Market, by Sales Type, in 2027
4 Premium Insights
4.1 Attractive Opportunities for Players in the Pressure Control Equipment Market
Figure 15 Increasing Investments in Offshore Well Intervention in Oil & Gas Sector to Drive Market
4.2 Pressure Control Equipment Market, by Region
Figure 16 North America to be Fastest-Growing Pressure Equipment Market During Forecast Period
4.3 Market in North America, by Type & Country
Figure 17 Wireline Pressure Control Equipment and US Dominated Global Market in 2021
4.4 Market, by Type
Figure 18 Increasing Drilling Activities to Create Demand for Wireline Pressure Control Equipment in 2027
4.5 Market, by Component
Figure 19 Wellhead Equipment to Hold Largest Market Share in 2027
4.6 Market, by Pressure Type
Figure 20 High Pressure (Above 10,000 Psi) Segment to Hold Largest Market Share, by Pressure Type, in 2027
4.7 Market, by Application
Figure 21 Increasing Investments in Unconventional Resources to Drive Market for Onshore Applications in 2027
4.8 Market, by Sales Type
Figure 22 Low Equipment Cost and Reduced Capital Cost to Drive Market for Rental Segment, by Sales Type, in 2027
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Pressure Control Equipment Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Exploration and Production of Unconventional Oil & Gas Resources
Figure 24 Proven Reserves of Crude Oil in the US, 2015-2020
Figure 25 Recoverable Shale Gas Resources in the US, 2015-2020 (Bcf)
5.2.1.2 Increasing Global Oil Demand
Figure 26 Global Oil Demand, 2019-2026 (Bcf)
Table 2 Global Oil Demand (Oecd vs. Non-Oecd), 2019-2026
5.2.2 Restraints
5.2.2.1 Decline in Capital Expenditure of Oilfield Operators and Service Providers
Figure 27 Capital Expenditure of Oil & Gas Service Providers, 2016-2021
5.2.2.2 Introduction of Stringent Government Regulations on Upstream Activities
5.2.3 Opportunities
5.2.3.1 Growth in Oilfield Discoveries
Figure 28 Global Oil & Gas Discoveries, 2016-2020 (Million Boe)
5.2.3.2 Emerging Offshore Opportunities
Figure 29 Global Offshore Natural Gas Production, 2000-2040 (Million Bcm)
5.2.4 Challenges
5.2.4.1 Transition Toward Adoption of Renewable Energy Sources
Figure 30 Renewable Net Capacity Addition, 2019 - 2021 (Mw)
5.2.4.2 Lesser Success Rate of Exploration
5.3 Trends/Disruptions Impacting Customer Business
5.3.1 Revenue Shifts and New Revenue Pockets for Pressure Control Equipment Providers
Figure 31 Revenue Shift for Pressure Control Equipment
5.3.2 Market Map
Figure 32 Market Map: Pressure Control Equipment Industry
5.3.3 Well Intervention
5.3.4 Drilling Services
5.3.5 Oilfield Services
5.4 Supply Chain Analysis
Figure 33 Supply Chain Analysis: Market
Table 3 Pressure Control Equipment Market: Supply Chain
5.4.1 Raw Material Suppliers
5.4.2 Pressure Control Equipment Manufacturers
5.4.3 Pressure Control Equipment Service Providers
5.4.4 Oilfield Operators
5.4.5 Trade Data
Figure 34 Import and Export Scenario for HS Code: 843041, 2017-2021 (USD Million)
Table 4 Trade Data for HS Code: 843041, 2017-2021 (USD Million)
5.5 Key Conferences and Events, 2022-2023
Table 5 Market: List of Conferences and Events, 2022-2023
5.6 Codes and Regulations
5.6.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Rest of World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.7 Patent Analysis
Table 11 Pressure Control Equipment: Innovations and Patent Registrations
5.8 Porter's Five Forces Analysis
Figure 35 Pressure Control Equipment Market: Porter's Five Forces Analysis
Table 12 Market: Porter's Five Forces Analysis
5.8.1 Threat of Substitutes
5.8.2 Bargaining Power of Suppliers
5.8.3 Bargaining Power of Buyers
5.8.4 Threat of New Entrants
5.8.5 Intensity of Competitive Rivalry
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 36 Influence of Stakeholders on Buying Process, by Type
Table 13 Influence of Stakeholders on Buying Process, by End-user (%)
5.10 Buying Criteria
Figure 37 Key Buying Criteria for Pressure Control Equipment, by Type
Table 14 Key Buying Criteria, by Type
5.11 Average Selling Price Trend
Figure 38 Average Selling Price of Different Types of Pressure Control Equipment, by Key Players (USD)
Table 15 Average Selling Price of Different Types of Pressure Control Equipment, by Key Players (USD)
5.12 Case Study Analysis
5.12.1 Mwd System Able to Identify Losses at Early Stages and Maintain Constant Bottom Hole Pressure
5.12.1.1 Problem Statement
5.12.1.2 Solution
5.12.2 Performing Pressure Test to Obtain High Volume of Sampling Data Despite Challenging Geological Conditions
5.12.2.1 Problem Statement
5.12.2.2 Solution
5.13 Technology Analysis
6 Pressure Control Equipment Market, by Type
6.1 Introduction
Figure 39 Market, by Type, 2021
Table 16 Pressure Control Equipment Market, by Type, 2020-2027 (USD Million)
6.2 Wireline Pressure Control Equipment
6.2.1 Increase in Drilling Activities in Shale Basins to Drive Market
Table 17 Wireline Pressure Control Equipment: Market, by Region, 2020-2027 (USD Million)
6.3 Coiled Tubing Pressure Control Equipment
6.3.1 Increase in Horizontal Drilling to Create Demand for Pressure Control Equipment
Table 18 Coiled Tubing Pressure Control Equipment: Market, by Region, 2020-2027 (USD Million)
7 Pressure Control Equipment Market, by Component
7.1 Introduction
Figure 40 Market, by Component, 2021
Table 19 Pressure Control Equipment Market, by Component, 2020-2027 (USD Million)
7.2 Flow Control Valves
7.2.1 Key Pressure Control Devices for Isolation and Throttling Functions to Propel Market
7.2.2 Plug Valves
7.2.3 Check Valves
7.2.4 Gate Valves
7.2.5 Globe Valves
7.2.6 Ball Valves
Table 20 Flow Control Valves: Market, by Region, 2020-2027 (USD Million)
Table 21 Flow Control Valves: Market, by Type, 2020-2027 (USD Million)
7.3 Flow Control Treating Iron
7.3.1 Exact Specifications and Rigorous Quality Standards to Drive Market
7.3.2 Pup Joint Treating Iron
7.3.3 Elbows Treating Iron
7.3.4 Tee Treating Iron
Table 22 Flow Control Treating Iron: Market, by Region, 2020-2027 (USD Million)
Table 23 Flow Control Treating Iron: Market, by Type, 2020-2027 (USD Million)
7.4 Flow Control Adapters & Flanges
7.4.1 North America to Hold Largest Share of Pressure Control Market for Adapter Flanges During Forecast Period
Table 24 Flow Control Adapters & Flanges: Market, by Region, 2020-2027 (USD Million)
7.5 Flow Control Surface Crossovers
7.5.1 Wide Applications in the Oil & Gas Industry to Increase Usage of Surface Crossovers
Table 25 Flow Control Surface Crossovers: Market, by Region, 2020-2027 (USD Million)
7.6 Flow Control Flexible Hoses
7.6.1 Different Types of Flexible Hoses for Well Drilling Applications to Drive Market
Table 26 Flow Control Flexible Hoses: Market, by Region, 2020-2027 (USD Million)
7.7 Wellhead Equipment
7.7.1 Wellhead Equipment to Hold Largest Market Share for Pressure Control Equipment
7.7.2 Drilling Bop Wellhead Equipment
7.7.3 Surface Wellhead Equipment
7.7.4 Frac Head Wellhead Equipment
7.7.5 Flow Head Wellhead Equipment
7.7.6 Cement Head Wellhead Equipment
Table 27 Wellhead Equipment: Market, by Region, 2020-2027 (USD Million)
Table 28 Wellhead Equipment: Market, by Type, 2020-2027 (USD Million)
7.8 Control Heads
7.8.1 Reduced Drilling Costs and Increased Well Production to Boost Market
Table 29 Control Heads: Market, by Region, 2020-2027 (USD Million)
7.9 Christmas Trees (Flow Tees)
7.9.1 Used to Control Flow of Well Fluids or Gas During Production
Table 30 Christmas Trees (Flow Tees): Market, by Region, 2020-2027 (USD Million)
7.10 Quick Unions
7.10.1 Market for Quick Unions in Africa to Record Highest CAGR During Forecast Period
Table 31 Quick Unions: Market, by Region, 2020-2027 (USD Million)
7.11 Coiled Tubing Wpce
7.11.1 Rise in Use of Coiled Tubing Wpce in High-Pressure Wells to Drive Market
Table 32 Coiled Tubing Wpce: Market, by Region, 2020-2027 (USD Million)
7.12 Others
Table 33 Others: Market, by Region, 2020-2027 (USD Million)
8 Pressure Control Equipment Market, by Application
8.1 Introduction
Figure 41 Market, by Application, 2021
Table 34 Pressure Control Equipment Market, by Application, 2020-2027 (USD Million)
8.2 Onshore
8.2.1 Presence of Massive Onshore Shale Reserves in Different Regions to Drive Market
Table 35 Onshore: Market, by Region, 2020-2027 (USD Million)
8.3 Offshore
8.3.1 Offshore Applications to Witness Higher CAGR During Forecast Period
Table 36 Offshore: Market, by Region, 2020-2027 (USD Million)
9 Pressure Control Equipment Market, by Sales Type
9.1 Introduction
Figure 42 Market, by Sales Type, 2021
Table 37 Pressure Control Equipment Market, by Sales Type, 2020-2027 (USD Million)
9.2 New Purchases
9.2.1 Equipment Cost Less Over Time
Table 38 New Purchases: Market, by Region, 2020-2027 (USD Million)
9.3 Rental
9.3.1 Lower Up-Front Costs and No Maintenance
Table 39 Rental: Market, by Region, 2020-2027 (USD Million)
9.4 Services
9.4.1 Better Monitoring and Control Over Well Intervention Processes
Table 40 Services: Market, by Region, 2020-2027 (USD Million)
9.5 Spares
9.5.1 Availability of Spares During Equipment Failures Can Save Time and Cost
Table 41 Spares: Market, by Region, 2020-2027 (USD Million)
10 Pressure Control Equipment Market, by Pressure Type
10.1 Introduction
Figure 43 Pressure Control Equipment Market, by Pressure Type, 2021
Table 42 Market, by Pressure Type, 2020-2027 (USD Million)
10.2 High Pressure (Above 10,000 Psi)
10.2.1 Customized Pressure Equipment Used Especially for High-Pressure Well Intervention Processes
Table 43 High Pressure: Market, by Region, 2020-2027 (USD Million)
10.3 Low Pressure (Below 10,000 Psi)
10.3.1 New Low-Pressure Oil Field Developments in African and European Economies
Table 44 Low Pressure: Market, by Region, 2020-2027 (USD Million)
11 Pressure Control Equipment Market, by Region
11.1 Introduction
Figure 44 Market Regional Snapshot
Table 45 Market, by Region, 2020-2027 (USD Million)
Table 46 Market, by Region: Volume, 2020-2027 (Thousand Units)
11.2 North America
Figure 45 North America: Market Snapshot
11.2.1 North America: Recession Impact
Table 47 North America: Pressure Control Equipment Market, by Type, 2020-2027 (USD Million)
Table 48 North America: Market, by Component, 2020-2027 (USD Million)
Table 49 North America: Market, by Flow Control Valves, 2020-2027 (USD Million)
Table 50 North America: Market, by Flow Control Treating Iron, 2020-2027 (USD Million)
Table 51 North America: Market, by Wellhead Equipment, 2020-2027 (USD Million)
Table 52 North America: Market, by Application, 2020-2027 (USD Million)
Table 53 North America: Market, by Sales Type, 2020-2027 (USD Million)
Table 54 North America: Market, by New Purchase, Component, 2020-2027 (USD Million)
Table 55 North America: Market, by Rental, Component, 2020-2027 (USD Million)
Table 56 North America: Market, by Service, Component, 2020-2027 (USD Million)
Table 57 North America: Market, by Spare, Component, 2020-2027 (USD Million)
Table 58 North America: Market, by Pressure, 2020-2027 (USD Million)
11.2.2 By Country
Table 59 North America: Market, by Country, 2020-2027 (USD Million)
11.2.2.1 US
11.2.2.1.1 Increasing Exploration and Production of Shale and Tight Oil Reserves to Drive Market
Table 60 US: Market, by Type, 2020-2027 (USD Million)
Table 61 US: Market, by Application, 2020-2027 (USD Million)
11.2.2.2 Canada
11.2.2.2.1 Increasing Oil Sands and Offshore Well Exploration and Drilling to Provide Lucrative Growth Opportunities
Table 62 Canada: Market, by Type, 2020-2027 (USD Million)
Table 63 Canada: Market, by Application, 2020-2027 (USD Million)
11.2.2.3 Mexico
11.2.2.3.1 Development of Unconventional Shale Resources and Increasing Focus on Redeveloping Mature Fields to Propel Market
Table 64 Mexico: Market, by Type, 2020-2027 (USD Million)
Table 65 Mexico: Market, by Application, 2020-2027 (USD Million)
11.3 Asia-Pacific
Figure 46 Asia-Pacific: Market Snapshot
Table 66 Asia-Pacific: Pressure Control Equipment Market, by Type, 2020-2027 (USD Million)
Table 67 Asia-Pacific: Market, by Component, 2020-2027 (USD Million)
Table 68 Asia-Pacific: Market, by Flow Control Valves, 2020-2027 (USD Million)
Table 69 Asia-Pacific: Market, by Flow Control Treating Iron, 2020-2027 (USD Million)
Table 70 Asia-Pacific: Market, by Wellhead Equipment, 2020-2027 (USD Million)
Table 71 Asia-Pacific: Market, by Application, 2020-2027 (USD Million)
Table 72 Asia-Pacific: Market, by Sales Type, 2020-2027 (USD Million)
Table 73 Asia-Pacific: Market, by New Purchase, Component, 2020-2027 (USD Million)
Table 74 Asia-Pacific: Market, by Rental, Component, 2020-2027 (USD Million)
Table 75 Asia-Pacific: Market, by Service, Component, 2020-2027 (USD Million)
Table 76 Asia-Pacific: Market, by Spare, Component, 2020-2027 (USD Million)
Table 77 Asia-Pacific: Market, by Pressure, 2020-2027 (USD Million)
11.3.1 By Country
Table 78 Asia-Pacific: Market, by Country, 2020-2027 (USD Million)
11.3.1.1 China
11.3.1.1.1 Government Initiatives to Increase Oil Production from Unconventional Resources to Drive Market
Table 79 China: Market, by Type, 2020-2027 (USD Million)
Table 80 China: Market, by Application, 2020-2027 (USD Million)
11.3.1.2 India
11.3.1.2.1 Redevelopment of Legacy Oilfields and Government Initiatives to Improve Exploration Activities to Augment Market
Table 81 India: Market, by Type, 2020-2027 (USD Million)
Table 82 India: Market, by Application, 2020-2027 (USD Million)
11.3.1.3 Australia
11.3.1.3.1 Development of Unconventional Shale Resources and Rising Focus on Redeveloping Mature Fields to Create Growth Opportunities
Table 83 Australia: Market, by Type, 2020-2027 (USD Million)
Table 84 Australia: Market, by Application, 2020-2027 (USD Million)
11.3.1.4 Japan
11.3.1.4.1 Japanese Lng Projects to Drive Growth of Market
Table 85 Japan: Market, by Type, 2020-2027 (USD Million)
Table 86 Japan: Market, by Application, 2020-2027 (USD Million)
11.3.1.5 Indonesia
11.3.1.5.1 Increasing Exploration and Production Activities in Offshore Regions to Propel Market
Table 87 Indonesia: Market, by Type, 2020-2027 (USD Million)
Table 88 Indonesia: Market, by Application, 2020-2027 (USD Million)
11.3.1.6 Rest of Asia-Pacific
Table 89 Rest of Asia-Pacific: Market, by Type, 2020-2027 (USD Million)
Table 90 Rest of Asia-Pacific: Market, by Application, 2020-2027 (USD Million)
11.4 Middle East & Africa
Table 91 Middle East & Africa: Pressure Control Equipment Market, by Type, 2020-2027 (USD Million)
Table 92 Middle East & Africa: Market, by Component, 2020-2027 (USD Million)
Table 93 Middle East & Africa: Market, by Flow Control Valves, 2020-2027 (USD Million)
Table 94 Middle East & Africa: Market, by Flow Control Treating Iron, 2020-2027 (USD Million)
Table 95 Middle East & Africa: Market, by Wellhead Equipment, 2020-2027 (USD Million)
Table 96 Middle East & Africa: Market, by Application, 2020-2027 (USD Million)
Table 97 Middle East & Africa: Market, by Sales Type, 2020-2027 (USD Million)
Table 98 Middle East & Africa: Market, by New Purchase, Component, 2020-2027 (USD Million)
Table 99 Middle East & Africa: Market, by Rental, Component, 2020-2027 (USD Million)
Table 100 Middle East & Africa: Market, by Service, Component, 2020-2027 (USD Million)
Table 101 Middle East & Africa: Market, by Spare, Component, 2020-2027 (USD Million)
Table 102 Middle East & Africa: Market, by Pressure, 2020-2027 (USD Million)
11.4.1 By Country
Table 103 Middle East & Africa: Market, by Country, 2020-2027 (USD Million)
11.4.1.1 Saudi Arabia
11.4.1.1.1 Increased Crude Production from Onshore Fields and Surge in Offshore Exploration to Drive Market
Table 104 Saudi Arabia: Market, by Type, 2020-2027 (USD Million)
Table 105 Saudi Arabia: Market, by Application, 2020-2027 (USD Million)
11.4.1.2 UAE
11.4.1.2.1 Discoveries of Unconventional Resources to Fuel Demand for Pressure Control Equipment
Table 106 UAE: Market, by Type, 2020-2027 (USD Million)
Table 107 UAE: Market, by Application, 2020-2027 (USD Million)
11.4.1.3 South Africa
11.4.1.3.1 Presence of Large Shale Gas Reserves in Karoo Basin to Drive Market
Table 108 South Africa: Market, by Type, 2020-2027 (USD Million)
Table 109 South Africa: Market, by Application, 2020-2027 (USD Million)
11.4.1.4 Oman
11.4.1.4.1 Rise in Upstream Activities Corresponding to Exploration and Production of Total Oil Reserves Expected to Increase Demand
Table 110 Oman: Market, by Type, 2020-2027 (USD Million)
Table 111 Oman: Market, by Application, 2020-2027 (USD Million)
11.4.1.5 Kuwait
11.4.1.5.1 Upcoming and Recent Investments in Oilfields Likely to Boost Market Growth
Table 112 Kuwait: Market, by Type, 2020-2027 (USD Million)
Table 113 Kuwait: Market, by Application, 2020-2027 (USD Million)
11.4.1.6 Algeria
11.4.1.6.1 Initiatives Proposed and Executed by Upstream Oilfield Operators to Drive Demand for Pressure Control Equipment
Table 114 Algeria: Market, by Type, 2020-2027 (USD Million)
Table 115 Algeria: Market, by Application, 2020-2027 (USD Million)
11.4.1.7 Nigeria
11.4.1.7.1 Rise in Exploration Activities and Developments in Mature Oil and Gas Fields to Boost Market Growth
Table 116 Nigeria: Market, by Type, 2020-2027 (USD Million)
Table 117 Nigeria: Market, by Application, 2020-2027 (USD Million)
11.4.1.8 Egypt
11.4.1.8.1 Upcoming and Recent Investments in Oilfields Likely to Propel Market Growth
Table 118 Egypt: Market, by Type, 2020-2027 (USD Million)
Table 119 Egypt: Market, by Application, 2020-2027 (USD Million)
11.4.1.9 Rest of Middle East &Africa
Table 120 Rest of Middle East & Africa: Market, by Type, 2020-2027 (USD Million)
Table 121 Rest of Middle East & Africa: Market, by Application, 2020-2027 (USD Million)
11.5 Europe
Table 122 Europe: Pressure Control Equipment Market, by Type, 2020-2027 (USD Million)
Table 123 Europe: Market, by Component, 2020-2027 (USD Million)
Table 124 Europe: Market, by Flow Control Valves, 2020-2027 (USD Million)
Table 125 Europe: Market, by Flow Control Treating Iron, 2020-2027 (USD Million)
Table 126 Europe: Market, by Wellhead Equipment, 2020-2027 (USD Million)
Table 127 Europe: Market, by Application, 2020-2027 (USD Million)
Table 128 Europe: Market, by Sales Type, 2020-2027 (USD Million)
Table 129 Europe: Market, by New Purchase, Component, 2020-2027 (USD Million)
Table 130 Europe: Market, by Rental, Component, 2020-2027 (USD Million)
Table 131 Europe: Market, by Service, Component, 2020-2027 (USD Million)
Table 132 Europe: Market, by Spare, Component, 2020-2027 (USD Million)
Table 133 Europe: Market, by Pressure, 2020-2027 (USD Million)
11.5.1 By Country
Table 134 Europe: Market, by Country, 2020-2027 (USD Million)
11.5.1.1 UK
11.5.1.1.1 Rising Focus on Increasing Production from Mature Fields to Drive Market
Table 135 UK: Market, by Type, 2020-2027 (USD Million)
Table 136 UK: Market, by Application, 2020-2027 (USD Million)
11.5.1.2 Russia
11.5.1.2.1 Increasing Exploration and Production Activities in Russia's Far East Region to Boost Market
Table 137 Russia: Market, by Type, 2020-2027 (USD Million)
Table 138 Russia: Market, by Application, 2020-2027 (USD Million)
11.5.1.3 Germany
11.5.1.3.1 New Discoveries and Upstream Operations to Drive Market
Table 139 Germany: Market, by Type, 2020-2027 (USD Million)
Table 140 Germany: Market, by Application, 2020-2027 (USD Million)
11.5.1.4 Norway
11.5.1.4.1 Rapidly Declining Production from Mature Oil & Gas Fields and Increase in Exploration Activities to Fuel Demand
Table 141 Norway: Market, by Type, 2020-2027 (USD Million)
Table 142 Norway: Market, by Application, 2020-2027 (USD Million)
11.5.1.5 Rest of Europe
Table 143 Rest of Europe: Market, by Type, 2020-2027 (USD Million)
Table 144 Rest of Europe: Market, by Application, 2020-2027 (USD Million)
11.6 South America
Table 145 South America: Pressure Control Equipment Market, by Type, 2020-2027 (USD Million)
Table 146 South America: Market, by Component, 2020-2027 (USD Million)
Table 147 South America: Market, by Flow Control Valves, 2020-2027 (USD Million)
Table 148 South America: Market, by Flow Control Treating Iron, 2020-2027 (USD Million)
Table 149 South America: Market, by Wellhead Equipment, 2020-2027 (USD Million)
Table 150 South America: Market, by Application, 2020-2027 (USD Million)
Table 151 South America: Market, by Sales Type, 2020-2027 (USD Million)
Table 152 South America: Market, by New Purchase, Component, 2020-2027 (USD Million)
Table 153 South America: Market, by Rental, Component, 2020-2027 (USD Million)
Table 154 South America: Market, by Service, Component, 2020-2027 (USD Million)
Table 155 South America: Market, by Spare, Component, 2020-2027 (USD Million)
Table 156 South America: Market, by Pressure, 2020-2027 (USD Million)
11.6.1 By Country
Table 157 South America: Market, by Country, 2020-2027 (USD Million)
11.6.1.1 Brazil
11.6.1.1.1 Increasing Offshore Exploration and Production Activities to Boost Market Growth
Table 158 Brazil: Market, by Type, 2020-2027 (USD Million)
Table 159 Brazil: Market, by Application, 2020-2027 (USD Million)
11.6.1.2 Argentina
11.6.1.2.1 Shale Developments to Create High Demand for Pressure Control Equipment in Argentina
Table 160 Argentina: Market, by Type, 2020-2027 (USD Million)
Table 161 Argentina: Market, by Application, 2020-2027 (USD Million)
11.6.1.3 Venezuela
11.6.1.3.1 Lucrative Government Laws for Exploration and Production Activities to Boost Market
Table 162 Venezuela: Market, by Type, 2020-2027 (USD Million)
Table 163 Venezuela: Market, by Application, 2020-2027 (USD Million)
11.6.1.4 Rest of South America
Table 164 Rest of South America: Market, by Type, 2020-2027 (USD Million)
Table 165 Rest of South America: Market, by Application, 2020-2027 (USD Million)
12 Competitive Landscape
12.1 Key Players’ Strategies
Table 166 Overview of Key Strategies Adopted by Top Players, 2018-2022
12.2 Market Share Analysis of Top 5 Players
Table 167 Pressure Control Equipment Market: Degree of Competition
Figure 47 Market Share Analysis, 2021
12.3 Revenue Analysis of Top 5 Market Players
Figure 48 Top Players in the Market from 2017 to 2021
12.4 Company Evaluation Quadrant
12.4.1 Stars
12.4.2 Pervasive Players
12.4.3 Emerging Leaders
12.4.4 Participants
Figure 49 Market (Global) Company Evaluation Matrix, 2021
12.5 Start-Up/SME Evaluation Quadrant, 2021
12.5.1 Progressive Companies
12.5.2 Responsive Companies
12.5.3 Dynamic Companies
12.5.4 Starting Blocks
Figure 50 Market: Start-Up/SME Evaluation Quadrant, 2021
12.6 Competitive Benchmarking
Table 168 Market: Detailed List of Key Start-Ups/SMEs
Table 169 Market: Competitive Benchmarking of Key Start-Ups/SMEs
12.7 Pressure Control Equipment Market: Company Footprint
Table 170 By Type: Company Footprint
Table 171 By Application: Company Footprint
Table 172 By Component: Company Footprint
Table 173 By Sales Type: Company Footprint
Table 174 By Pressure: Company Footprint
Table 175 By Region: Company Footprint
Table 176 Company Footprint
12.8 Competitive Scenario
Table 177 Pressure Control Equipment Market: Product Launches, January 2019-October 2022
Table 178 Market: Deals, January 2019-October 2022
Table 179 Market: Others, January 2019-October 2022
13 Company Profiles
Business and Financial Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View
13.1 Key Players
13.1.1 Slb
Table 180 Slb: Company Overview
Figure 51 Slb: Company Snapshot, 2021
Table 181 Slb: Products/Services/Solutions Offered
Table 182 Slb: Deals
Table 183 Slb: Others
13.1.2 Weatherford
Table 184 Weatherford: Company Overview
Figure 52 Weatherford: Company Snapshot, 2021
Table 185 Weatherford: Products/Services/Solutions Offered
Table 186 Weatherford: Product Launches
Table 187 Weatherford: Others
13.1.3 Nov Inc.
Table 188 Nov Inc.: Company Overview
Figure 53 Nov Inc.: Company Snapshot, 2021
Table 189 Nov Inc.: Products/Services/Solutions Offered
Table 190 Nov Inc.: Deals
13.1.4 Baker Hughes Company
Table 191 Baker Hughes Company: Company Overview
Figure 54 Baker Hughes Company: Company Snapshot, 2021
Table 192 Baker Hughes Company: Products/Services/Solutions Offered
Table 193 Baker Hughes Company: Product Launches
Table 194 Baker Hughes Company: Deals
Table 195 Baker Hughes Company: Others
13.1.5 The Weir Group PLC
Table 196 The Weir Group PLC: Company Overview
Figure 55 The Weir Group PLC: Company Snapshot, 2021
Table 197 The Weir Group PLC: Products/Services/Solutions Offered
Table 198 The Weir Group PLC: Product Launches
Table 199 The Weir Group PLC: Others
13.1.6 Hunting
Table 200 Hunting: Company Overview
Figure 56 Hunting: Company Snapshot, 2021
Table 201 Hunting: Products/Services/Solutions Offered
Table 202 Hunting: Deals
13.1.7 Emerson Electric Co.
Table 203 Emerson Electric Co.: Company Overview
Figure 57 Emerson Electric Co.: Company Snapshot, 2021
Table 204 Emerson Electric Co.: Products/Services/Solutions Offered
Table 205 Emerson Electric Co.: Product Launches
Table 206 Emerson Electric Co.: Deals
Table 207 Emerson Electric Co.: Others
13.1.8 Flowserve
Table 208 Flowserve: Company Overview
Figure 58 Flowserve: Company Snapshot, 2021
Table 209 Flowserve: Products/Services/Solutions Offered
Table 210 Flowserve.: Deals
Table 211 Flowserve: Others
13.1.9 Ikm Pressure Control AS
Table 212 Ikm Pressure Control AS: Company Overview
Table 213 Ikm Pressure Control AS: Products/Services/Solutions Offered
Table 214 Ikm Pressure Control AS: Deals
Table 215 Ikm Pressure Control AS: Others
13.1.10 Control Flow
Table 216 Control Flow: Company Overview
Table 217 Control Flow: Products/Services/Solutions Offered
Table 218 Control Flow: Product Launches
13.2 Other Players
13.2.1 Brace Tool
13.2.2 Sunnda Corporation
13.2.3 Gkd Industries Ltd.
13.2.4 Tis Manufacturing
13.2.5 Nxl Technologies
13.3 FHE
13.3.1 IoT Group
13.3.2 Integrated Equipment
13.4 Omega Pressure Control Equipment
13.4.1 Allied Valve Inc.
Details on Business and Financial Overview, Products/Services/Solutions Offered, Recent Developments, and Analyst's View Might Not be Captured in the Case of Unlisted Companies.
14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: The Subscription Portal
14.4 Customization Options
Companies Mentioned
- Allied Valve Inc.
- Baker Hughes Company
- Brace Tool
- Control Flow
- Emerson Electric Co.
- FHE
- Flowserve
- Gkd Industries Ltd.
- Hunting
- Ikm Pressure Control AS
- Integrated Equipment
- Nov Inc.
- Nxl Technologies
- Slb
- Sunnda Corporation
- The Weir Group PLC
- Tis Manufacturing
- Weatherford
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | February 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 6.8 Billion |
| Forecasted Market Value ( USD | $ 8.9 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
