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Ram Blowout Preventer Market by Application and Geography - Forecast and Analysis 2019-2023 - Product Image

Ram Blowout Preventer Market by Application and Geography - Forecast and Analysis 2019-2023

  • ID: 4847077
  • Report
  • October 2019
  • Region: Global
  • 143 pages
  • TechNavio
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FEATURED COMPANIES

  • a GE Co. LLC
  • Baker Hughes
  • Control Flow Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • Uztel SA
  • MORE
Global Ram Blowout Preventer Market: About this market

The ram blowout preventer market analysis considers sales from both onshore and offshore applications. Our analysis also considers the sales of ram blowout preventers in APAC, Europe, North America, South America, and MEA. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing investments in onshore oil and gas E&P activities will play a significant role in the onshore segment to maintain its market position. Also, our global ram blowout preventer market report looks at factors such as increasing upstream investment, rise in global demand for oil and gas, and safety and environmental concerns associated with E&P activities. However, volatility in oil and gas prices, an growing emphasis on renewables, and failures in blowout preventers may hamper the growth of the ram blowout preventer industry over the forecast period.

Global Ram Blowout Preventer Market: Overview

Increasing upstream investment

The growing population and consistent industrial development have led to a significant rise in global energy demand. As a result, energy security has become essential, and this is prompting oil and gas companies to explore untapped oil and gas resources. Moreover, oil and gas companies are increasingly investing in mature oil and gas fields to maximize the revenue from such areas. This increasing upstream investment will lead to the expansion of the global ram blowout preventer market at a CAGR of over 6% during the forecast period.

Rising focus on temperature tolerant variants

Raw materials, primarily steel, account for a significant share of the total cost incurred during the manufacture of ram blowout preventers. Thus, the global trends in steel prices will have a substantial impact on the ram blowout preventer market. As the price of steel is currently declining, the cost of manufacturing blowout preventers is also declining substantially. Therefore, the reduction in raw material costs will increase the profits for ram blowout preventer manufacturers, which is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global ram blowout preventer market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ram blowout preventer manufacturers, that include AXON Pressure Products Inc., Baker Hughes, a GE Co. LLC, Control Flow Inc., National Oilwell Varco Inc., Schlumberger Ltd., The Weir Group Plc, Uztel SA, Weatherford International Plc, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd.

Also, the ram blowout preventer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • a GE Co. LLC
  • Baker Hughes
  • Control Flow Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • Uztel SA
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Declining cost of raw materials
  • Advancements in blowout preventers
  • Rise in deepwater and ultra-deepwater E&P activities
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AXON Pressure Products, Inc.
  • Baker Hughes, a GE Co. LLC
  • Control Flow, Inc.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • Uztel SA
  • Weatherford International Plc
  • Worldwide Oilfield Machine Inc.
  • Yantai Jereh Oilfield Services Group Co. Ltd.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendor- Key offerings
Exhibit 02: Global oilfield equipment and services market
Exhibit 03: Segments of global oilfield equipment and services market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Application - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Onshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 22: Offshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: North America - Year-over-year growth 2019-2023 (%)
Exhibit 30: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: AXON Pressure Products Inc. - Vendor overview
Exhibit 47: AXON Pressure Products Inc. - Key offerings
Exhibit 48: Baker Hughes, a GE Co. LLC - Vendor overview
Exhibit 49: Baker Hughes, a GE Co. LLC - Business segments
Exhibit 50: Baker Hughes, a GE Co. LLC - Organizational developments
Exhibit 51: Baker Hughes, a GE Co. LLC - Geographic focus
Exhibit 52: Baker Hughes, a GE Co. LLC - Segment focus
Exhibit 53: Baker Hughes, a GE Co. LLC - Key offerings
Exhibit 54: Control Flow Inc. - Vendor overview
Exhibit 55: Control Flow Inc. - Key offerings
Exhibit 56: National Oilwell Varco Inc. - Vendor overview
Exhibit 57: National Oilwell Varco Inc. - Business segments
Exhibit 58: National Oilwell Varco Inc. - Organizational developments
Exhibit 59: National Oilwell Varco Inc. - Geographic focus
Exhibit 60: National Oilwell Varco Inc. - Segment focus
Exhibit 61: National Oilwell Varco Inc. - Key offerings
Exhibit 62: Schlumberger Ltd. - Vendor overview
Exhibit 63: Schlumberger Ltd. - Business segments
Exhibit 64: Schlumberger Ltd. - Organizational developments
Exhibit 65: Schlumberger Ltd. - Geographic focus
Exhibit 66: Schlumberger Ltd. - Segment focus
Exhibit 67: Schlumberger Ltd. - Key offerings
Exhibit 68: The Weir Group Plc - Vendor overview
Exhibit 69: The Weir Group Plc - Business segments
Exhibit 70: The Weir Group Plc - Organizational developments
Exhibit 71: The Weir Group Plc - Geographic focus
Exhibit 72: The Weir Group Plc - Segment focus
Exhibit 73: The Weir Group Plc - Key offerings
Exhibit 74: Uztel SA - Vendor overview
Exhibit 75: Uztel SA - Business segments
Exhibit 76: Uztel SA - Segment focus
Exhibit 77: Uztel SA - Key offerings
Exhibit 78: Weatherford International Plc - Vendor overview
Exhibit 79: Weatherford International Plc - Business segments
Exhibit 80: Weatherford International Plc - Organizational developments
Exhibit 81: Weatherford International Plc - Segment focus
Exhibit 82: Weatherford International Plc - Key offerings
Exhibit 83: Worldwide Oilfield Machine Inc. - Vendor overview
Exhibit 84: Worldwide Oilfield Machine Inc. - Key offerings
Exhibit 85: Yantai Jereh Oilfield Services Group Co. Ltd. - Vendor overview
Exhibit 86: Yantai Jereh Oilfield Services Group Co. Ltd. - Business segments
Exhibit 87: Yantai Jereh Oilfield Services Group Co. Ltd. - Organizational developments
Exhibit 88: Yantai Jereh Oilfield Services Group Co. Ltd. - Geographic focus
Exhibit 89: Yantai Jereh Oilfield Services Group Co. Ltd. - Segment focus
Exhibit 90: Yantai Jereh Oilfield Services Group Co. Ltd. - Key offerings
Exhibit 91: Validation techniques employed for market sizing
Exhibit 92: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • a GE Co. LLC
  • Baker Hughes
  • Control Flow Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • Uztel SA
  • MORE
The following companies are recognised as the key players in the global ram blowout preventer market: AXON Pressure Products Inc., Baker Hughes, a GE Co. LLC, Control Flow Inc., National Oilwell Varco Inc., Schlumberger Ltd., The Weir Group Plc, Uztel SA, Weatherford International Plc, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the declining cost of raw materials.”

According to the report, one of the major drivers for this market is the increasing upstream investment.

Further, the report states that one of the major factors hindering the growth of this market is the volatility in oil and gas prices.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • AXON Pressure Products Inc.
  • Baker Hughes
  • a GE Co. LLC
  • Control Flow Inc.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • Uztel SA
  • Weatherford International Plc
  • Worldwide Oilfield Machine Inc.
  • Yantai Jereh Oilfield Se
Note: Product cover images may vary from those shown
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