+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Wellhead Equipment Market Report by Component, Application, Sector, and Region 2024-2032

  • PDF Icon

    Report

  • 142 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5753183
The global wellhead equipment market size reached US$ 7.5 Billion in 2023. Looking forward, the market is projected to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.26% during 2023-2032.

Wellhead equipment refers to a device that is permanently installed at the surface of an oil and gas well. It provides a structural and pressure interface for the drilling and production equipment and acts as a connection between the tubing and casings of the pipeline. The equipment primarily consists of casing spools, isolation seals, test plugs, mudline suspension system, tubing head, hanger and tubing head adapter. These devices are used to seal the well and suspend the casings and can be configured according to the pressure, temperature, location, well size and drilling method.

Steady growth in the oil and gas industry, along with the increasing number of deep and ultra-deep-water drilling projects, represent as the key factors driving the market growth. Furthermore, growing exploration of unconventional resources like shale oil and coal bed methane (CBM) has led to the increasing utilization of long-suppressed oilfield devices, including wellhead systems, thereby providing a boost to the market growth. Additionally, manufacturers are creating innovative product variants to support the demand for harsher and manually unapproachable drilling environments.

For instance, unmanned wellhead platforms are being used as a resting facility on the seabed, where the wells are placed on the platform deck. This acts as an effective alternative to subsea wells and a cost-efficient solution for shallow water developments. Other factors, including the implementation of favourable government initiatives to explore sustainable options for oil extraction, are projected to drive the market further.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global wellhead equipment market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, application and sector.

Breakup by Component:

  • Hangers
  • Flanges
  • Master Valve
  • Choke
  • Others

Breakup by Application:

  • Onshore
  • Offshore

Breakup by Sector:

  • OEM
  • Aftermarket

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined with some of the key players being Aker Solutions ASA, Baker Hughes, Cameron International Corporation, Forum Energy Technologies Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Oil States International Inc., TechnipFMC PLC, Weatherford International PLC, Weir Group PLC, etc.

Key Questions Answered in This Report

1. What was the size of the global wellhead equipment market in 2023?
2. What is the expected growth rate of the global wellhead equipment market during 2024-2032?
3. What has been the impact of COVID-19 on the global wellhead equipment market?
4. What are the key factors driving the global wellhead equipment market?
5. What is the breakup of the global wellhead equipment market based on the component?
6. What is the breakup of the global wellhead equipment market based on the application?
7. What are the key regions in the global wellhead equipment market?
8. Who are the key players/companies in the global wellhead equipment market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wellhead Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hangers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Flanges
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Master Valve
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Choke
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Sector
8.1 OEM
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aker Solutions ASA
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Baker Hughes
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cameron International Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Forum Energy Technologies, Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Nabors Industries Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 National Oilwell Varco, Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Oil States International, Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 TechnipFMC PLC
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Weatherford International plc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Weir Group Plc
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
List of Figures
Figure 1: Global: Wellhead Equipment Market: Major Drivers and Challenges
Figure 2: Global: Wellhead Equipment Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Wellhead Equipment Market: Breakup by Component (in %), 2023
Figure 4: Global: Wellhead Equipment Market: Breakup by Application (in %), 2023
Figure 5: Global: Wellhead Equipment Market: Breakup by Sector (in %), 2023
Figure 6: Global: Wellhead Equipment Market: Breakup by Region (in %), 2023
Figure 7: Global: Wellhead Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 8: Global: Wellhead Equipment (Hangers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Wellhead Equipment (Hangers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Wellhead Equipment (Flanges) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Wellhead Equipment (Flanges) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Wellhead Equipment (Master Valve) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Wellhead Equipment (Master Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Wellhead Equipment (Choke) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Wellhead Equipment (Choke) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Wellhead Equipment (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Wellhead Equipment (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Wellhead Equipment (Onshore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Wellhead Equipment (Onshore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Wellhead Equipment (Offshore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Wellhead Equipment (Offshore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Wellhead Equipment (OEM) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Wellhead Equipment (OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Wellhead Equipment (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Wellhead Equipment (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia Pacific: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia Pacific: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Wellhead Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Global: Wellhead Equipment Industry: SWOT Analysis
Figure 75: Global: Wellhead Equipment Industry: Value Chain Analysis
Figure 76: Global: Wellhead Equipment Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Wellhead Equipment Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Wellhead Equipment Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Wellhead Equipment Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Wellhead Equipment Market Forecast: Breakup by Sector (in Million US$), 2024-2032
Table 5: Global: Wellhead Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Wellhead Equipment Market: Competitive Structure
Table 7: Global: Wellhead Equipment Market: Key Players

Companies Mentioned

  • Aker Solutions ASA
  • Baker Hughes
  • Cameron International Corporation
  • Forum Energy Technologies Inc.
  • Nabors Industries Ltd.
  • National Oilwell Varco Inc.
  • Oil States International Inc.
  • TechnipFMC PLC
  • Weatherford International PLC
  • Weir Group PLC

Methodology

Loading
LOADING...

Table Information