Blowout Preventer Market 2021-2025 | COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats | Technavio

NEW YORK, Aug. 18, 2021 /PRNewswire/ —
The blowout preventer market is expected…

NEW YORK, Aug. 18, 2021 /PRNewswire/ —

The blowout preventer market is expected to grow by USD 972.70 million, progressing at a CAGR of almost 4% during the forecast period.

The rising number of deep and ultra-deepwater drilling projects is one of the major factors propelling the market growth. However, increasing investments in renewable sources of energy will challenge growth.

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Blowout Preventer Market: Type Landscape

By type, the market witnessed maximum growth in the annular blowout preventer segment in 2020. The segment is mainly driven by the rise in global demand for oil and gas. Also, the advantages of annular blowout preventers over ram-type blowout preventers are contributing to the growth of the segment. The market growth in the annular blowout preventer segment will be significant during the forecast period.

Blowout Preventer Market: Geographic Landscape

By geography, North America is going to have lucrative growth during the forecast period. About 42% of the market’s overall growth is expected to originate from North America. The rise in the E&P of crude oil and gas resources will be crucial in driving the growth of the market in North America. Market growth in North America will be faster than the growth of the market in Europe, MEA, and South America.

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Related Reports on Energy Include:

Global Oil and Gas Accumulator Market
 – Global oil and gas accumulator market is segmented by end-user (onshore and offshore) and geography (North America, Europe, APAC, MEA, and South America).

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Global Ram Blowout Preventer Market – Global ram blowout preventer market is segmented by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America).

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Companies Covered:

  • AXON Pressure Products Inc.
  • Control Flow Inc.
  • General Electric Co.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • UZTEL SA
  • Weatherford International Plc
  • Worldwide Oilfield Machine
  • Yantai Jereh Oilfield Services Group Co. Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Annular blowout preventer – Market size and forecast 2020-2025
  • Ram blowout preventer – Market size and forecast 2020-2025
  • Market opportunity by Type

Market Segmentation by Location

  • Market segments
  • Comparison by Location
  • Onshore – Market size and forecast 2020-2025
  • Offshore – Market size and forecast 2020-2025
  • Market opportunity by Location

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AXON Pressure Products Inc.
  • Control Flow Inc.
  • General Electric Co.
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • UZTEL SA
  • Weatherford International Plc
  • Worldwide Oilfield Machine
  • Yantai Jereh Oilfield Services Group Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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