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Blowout Preventer Global Market Report 2025

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    Report

  • 175 Pages
  • July 2025
  • Region: Global
  • The Business Research Company
  • ID: 6104800
The blowout preventer market size has grown strongly in recent years. It will grow from $33.98 billion in 2024 to $35.73 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth during the historic period can be attributed to the expansion of offshore drilling, increased shale gas exploration, stricter safety regulations following the Macondo incident, rising global energy demand, and growing investments in deepwater oilfields.

The blowout preventer market size is expected to see steady growth in the next few years. It will grow to $43.07 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to the rise in deepwater and ultra-deepwater projects, advancements in well control technology, increasing demand for remote-operated blowout preventer (BOP) systems, a heightened focus on environmental risk mitigation, and a global drive for improved oil production efficiency. Key trends during the forecast period include the integration of digital monitoring in BOP systems, adoption of smart preventive maintenance, growing use of hybrid BOP designs, increased demand for subsea BOP systems, and the application of AI for predictive failure analysis.

The growing demand for offshore and deepwater exploration activities is anticipated to drive the expansion of the blowout preventers market. Offshore and deepwater exploration involves locating and evaluating underwater oil and gas reserves beneath the ocean floor. This surge in exploration is fueled by the rising global energy needs, which compel energy companies to access more challenging, deep-sea reserves. Blowout preventers play a crucial role in these operations by delivering vital pressure control and emergency shutoff capabilities, thus ensuring safety in high-risk and deepwater drilling scenarios. For example, in March 2025, the Global Energy Monitor, a US-based non-governmental organization, reported that 19 offshore projects began production in 2024, accounting for 71% (around 6.5 billion barrels of oil equivalent) of the year’s newly active reserves. Consequently, the rising offshore and deepwater exploration activities are accelerating the demand for blowout preventers.

Leading companies in the blowout preventers market are developing innovative products featuring hydraulic automatic locking mechanisms to improve safety, reduce maintenance duration, and ensure reliable pressure management in hazardous drilling environments. These hydraulic automatic locking systems utilize hydraulic pressure to automatically engage and secure essential components, eliminating the need for manual operation. For instance, in August 2024, INTLEF Oil and Gas Group Co. Ltd., a China-based oil and gas equipment manufacturer, introduced the QL-type new-generation blowout preventer. This model features a boltless bonnet composite structure that allows for fast opening and closing without bolts, significantly cutting down maintenance time. The hydraulic locking mechanism provides a tight seal under high-pressure conditions and can be operated remotely, enhancing worker safety. The design also improves structural durability and leak prevention, making it particularly suited for demanding drilling operations.

In December 2023, Meyer Oilfield Services Inc., a US-based oil and gas equipment manufacturer, acquired Fabritech Manufacture and Solutions Inc. for an undisclosed sum. This strategic acquisition aims to expand Meyer’s well control solution portfolio by incorporating Fabritech’s advanced capabilities in blowout preventer production. Notably, Fabritech specializes in manufacturing annular and ram BOPs that meet the American Petroleum Institute’s API 16A standards. Fabritech Manufacture and Solutions Inc., also based in the US, focuses on blowout preventer solutions including manufacturing, API monogramming, remanufacturing, and custom engineering for the oil and gas industry.

Major players in the blowout preventer market are Schlumberger Ltd., Rongsheng Machinery, Baker Hughes Company, Halliburton Company, Parker Hannifin Corporation, Tenaris S.A., NOV Inc., TechnipFMC plc, FMC Technologies Inc., Weatherford International plc, Axon Enterprise Inc., Aker Solutions, Dril-Quip Inc., Parveen Industries Pvt. Ltd., Control Flow Inc., Shanghai SK Petrlm & Chemcl Eqp Corp Ltd, Fountain Petro LLC, Uztel S.A., Greenes Energy Group LLC, and MSP/DRILEX (Shanghai) Co. Ltd.

North America was the largest region in the blowout preventer market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in blowout preventer report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the blowout preventer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A blowout preventer is a vital safety device used in oil and gas drilling operations to control and seal a well during unexpected pressure surges. It prevents the uncontrolled release of crude oil, natural gas, and drilling fluids from the wellbore, thereby minimizing the risk of blowouts. Installed at the wellhead, it plays a crucial role in protecting workers, equipment, and the environment during drilling and well maintenance activities.

The main types of blowout preventers include annular blowout preventers, ram blowout preventers, and hybrid blowout preventers. Annular blowout preventers are safety devices that seal the wellbore around various equipment or open holes by compressing a rubber element to prevent blowouts. Control mechanisms for these devices include hydraulic, manual, and electronic controls, with applications spanning offshore drilling, onshore drilling, and well testing. The end uses cover industries such as oil and gas, geothermal, and mining.

The blowout preventer market research report is one of a series of new reports that provides blowout preventer market statistics, including blowout preventer industry global market size, regional shares, competitors with a blowout preventer market share, detailed blowout preventer market segments, market trends and opportunities, and any further data you may need to thrive in the blowout preventer industry. This blowout preventer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blowout preventer market consists of sales of high-pressure annular preventers, low-profile annular preventers, and dual-seal annular preventers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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Table of Contents

1. Executive Summary2. Blowout Preventer Market Characteristics3. Blowout Preventer Market Trends And Strategies4. Blowout Preventer Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
5. Global Blowout Preventer Growth Analysis And Strategic Analysis Framework
5.1. Global Blowout Preventer PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Blowout Preventer Market Growth Rate Analysis
5.4. Global Blowout Preventer Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Blowout Preventer Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Blowout Preventer Total Addressable Market (TAM)
6. Blowout Preventer Market Segmentation
6.1. Global Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Annular Blowout Preventers
  • Ram Blowout Preventers
  • Hybrid Blowout Preventers
6.2. Global Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Hydraulic Control
  • Manual Control
  • Electronic Control
6.3. Global Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Offshore Drilling
  • Onshore Drilling
  • Well Testing
6.4. Global Blowout Preventer Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Oil And Gas Industry
  • Geothermal Industry
  • Mining Industry
6.5. Global Blowout Preventer Market, Sub-Segmentation Of Annular Blowout Preventers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Spherical-Shaped Annular Preventers
  • Surface-Mounted Annular Preventers
  • Subsea Annular Preventers
6.6. Global Blowout Preventer Market, Sub-Segmentation Of Ram Blowout Preventers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Pipe Ram Preventers
  • Blind Shear Ram Preventers
  • Variable Bore Ram Preventers
6.7. Global Blowout Preventer Market, Sub-Segmentation Of Hybrid Blowout Preventers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Integrated Annular And Ram Preventers
  • Digitally Controlled Hybrid Preventers
  • Modular Hybrid Preventers
7. Blowout Preventer Market Regional And Country Analysis
7.1. Global Blowout Preventer Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Blowout Preventer Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Blowout Preventer Market
8.1. Asia-Pacific Blowout Preventer Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Blowout Preventer Market
9.1. China Blowout Preventer Market Overview
9.2. China Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Blowout Preventer Market
10.1. India Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Blowout Preventer Market
11.1. Japan Blowout Preventer Market Overview
11.2. Japan Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Blowout Preventer Market
12.1. Australia Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Blowout Preventer Market
13.1. Indonesia Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Blowout Preventer Market
14.1. South Korea Blowout Preventer Market Overview
14.2. South Korea Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Blowout Preventer Market
15.1. Western Europe Blowout Preventer Market Overview
15.2. Western Europe Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Blowout Preventer Market
16.1. UK Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Blowout Preventer Market
17.1. Germany Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Blowout Preventer Market
18.1. France Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Blowout Preventer Market
19.1. Italy Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Blowout Preventer Market
20.1. Spain Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Blowout Preventer Market
21.1. Eastern Europe Blowout Preventer Market Overview
21.2. Eastern Europe Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Blowout Preventer Market
22.1. Russia Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Blowout Preventer Market
23.1. North America Blowout Preventer Market Overview
23.2. North America Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Blowout Preventer Market
24.1. USA Blowout Preventer Market Overview
24.2. USA Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Blowout Preventer Market
25.1. Canada Blowout Preventer Market Overview
25.2. Canada Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Blowout Preventer Market
26.1. South America Blowout Preventer Market Overview
26.2. South America Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Blowout Preventer Market
27.1. Brazil Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Blowout Preventer Market
28.1. Middle East Blowout Preventer Market Overview
28.2. Middle East Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Blowout Preventer Market
29.1. Africa Blowout Preventer Market Overview
29.2. Africa Blowout Preventer Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Blowout Preventer Market, Segmentation By Control Mechanism, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Blowout Preventer Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Blowout Preventer Market Competitive Landscape And Company Profiles
30.1. Blowout Preventer Market Competitive Landscape
30.2. Blowout Preventer Market Company Profiles
30.2.1. Schlumberger Ltd. Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Rongsheng Machinery Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Baker Hughes Company Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Halliburton Company Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Parker Hannifin Corporation Overview, Products and Services, Strategy and Financial Analysis
31. Blowout Preventer Market Other Major And Innovative Companies
31.1. Tenaris S.A.
31.2. NOV Inc.
31.3. TechnipFMC plc
31.4. FMC Technologies Inc.
31.5. Weatherford International plc
31.6. Axon Enterprise Inc.
31.7. Aker Solutions
31.8. Dril-Quip Inc.
31.9. Parveen Industries Pvt. Ltd.
31.10. Control Flow Inc.
31.11. Shanghai SK Petrlm & Chemcl Eqp Corp Ltd
31.12. Fountain Petro LLC
31.13. Uztel S.A.
31.14. Greenes Energy Group LLC
31.15. MSP/DRILEX (Shanghai) Co. Ltd.
32. Global Blowout Preventer Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Blowout Preventer Market34. Recent Developments In The Blowout Preventer Market
35. Blowout Preventer Market High Potential Countries, Segments and Strategies
35.1 Blowout Preventer Market In 2029 - Countries Offering Most New Opportunities
35.2 Blowout Preventer Market In 2029 - Segments Offering Most New Opportunities
35.3 Blowout Preventer Market In 2029 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright And Disclaimer

Executive Summary

Blowout Preventer Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on blowout preventer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for blowout preventer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The blowout preventer market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Annular Blowout Preventers; Ram Blowout Preventers; Hybrid Blowout Preventers
2) By Control Mechanism: Hydraulic Control; Manual Control; Electronic Control
3) By Application: Offshore Drilling; Onshore Drilling; Well Testing
4) By End Use: Oil And Gas Industry; Geothermal Industry; Mining Industry

Subsegments:

1) By Annular Blowout Preventers: Spherical-Shaped Annular Preventers; Surface-Mounted Annular Preventers; Subsea Annular Preventers
2) By Ram Blowout Preventers: Pipe Ram Preventers; Blind Shear Ram Preventers; Variable Bore Ram Preventers
3) By Hybrid Blowout Preventers: Integrated Annular And Ram Preventers; Digitally Controlled Hybrid Preventers; Modular Hybrid Preventers

Key Companies Profiled: Schlumberger Ltd.; Rongsheng Machinery; Baker Hughes Company; Halliburton Company; Parker Hannifin Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Schlumberger Ltd.
  • Rongsheng Machinery
  • Baker Hughes Company
  • Halliburton Company
  • Parker Hannifin Corporation
  • Tenaris S.A.
  • NOV Inc.
  • TechnipFMC plc
  • FMC Technologies Inc.
  • Weatherford International plc
  • Axon Enterprise Inc.
  • Aker Solutions
  • Dril-Quip Inc.
  • Parveen Industries Pvt. Ltd.
  • Control Flow Inc.
  • Shanghai SK Petrlm & Chemcl Eqp Corp Ltd
  • Fountain Petro LLC
  • Uztel S.A.
  • Greenes Energy Group LLC
  • MSP/DRILEX (Shanghai) Co. Ltd.