BOP is a high pressure mechanical safety valve system at the top of a well head, which prevents uncontrolled fluid flow in the well bore. This device is essential in the oil and gas industry as it monitors and controls pressure while drilling and is the last line of defense to prevent any subsea leakages or surface explosions. A BOP stack consists of two types of BOPs, annular BOP and ram BOP. An annular BOP is placed at the very top of the stack and then two, three, or four ram BOPs are placed below the annular BOP. BOP stack contains the wellbore fluids either in the annular space amid casing and tubing or in an exposed hole during drilling, completion, and testing operations.
Rising subsea drilling activities and the necessity for effective oil and gas production propel the demand for blowout preventers systems. Growing demand for hydrocarbons accelerates the drilling activities, which in turn leads to the increasing demand for blowout preventers and drilling equipment. In order to optimize the extra expenditures and costs, efficient production of oil and gas is utmost important at the onshore and offshore fields. Growing number of safety regulations and attention towards the efficiency of the end-products play a vital role in the growth of the blowout preventers. The aforementioned reasons are expected to boost the demand for blowout preventers and thus in turn pushing the growth of the global blowout preventers market.
In 2019, the market size of Subsea Blowout Preventer (BOP) is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Subsea Blowout Preventer (BOP).
This report studies the global market size of Subsea Blowout Preventer (BOP), especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Subsea Blowout Preventer (BOP) production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Cameron
Rongsheng Machinery Manufacture
Proserv
Tenaris
Uztel
...
Market Segment by Product Type
Annular Blowout Preventer
Ram Blowout Preventer
Market Segment by Application
Oil Industry
Gas Industry
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Subsea Blowout Preventer (BOP) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Subsea Blowout Preventer (BOP) manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Subsea Blowout Preventer (BOP) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on SubseaBlowoutPreventer(BOP). Industry analysis & Market Report on SubseaBlowoutPreventer(BOP) is a syndicated market report, published as Global (United States, European Union and China) Subsea Blowout Preventer (BOP) Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of SubseaBlowoutPreventer(BOP) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.