Press release
Pressure Control Equipment Market Size to Reach USD 6.63 Billion by 2023 | Key Payers Are Schlumberger, Weatherford International, Control Flow, National Oilwell Varco, Baker Hughes, Lee Specialties, Hunting, Tis Manufacturing and Brace Tool
Pressure Control Equipment Market
Market Highlights
Rise in investment for global exploration and production activities along with technological advances in well drilling equipment is creating the demand for pressure control equipment market. Pressure control equipment enhances safety improves efficiency during drilling. Growing demand for safety norms for oil and gas industry is also an important factor for the growth of pressure control equipment market. The oil and gas industry is expected to grow with the rising demand of hydrocarbons, which serve as an important source of global energy supply is the major driver for boosting up the demand for pressure control equipment market.
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Key players
The key players in the pressure control equipment market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Schlumberger (US), Weatherford International (US), Control Flow (US), National Oilwell Varco (US), Baker Hughes (US), Lee Specialties (Canada), The Weir Group (UK), Hunting (US), Tis Manufacturing (UK), and Brace Tool (Canada). These players contribute a major share in the growth of pressure control equipment market.
Apart from the top key players, there are other players that contribute to the market growth. These include Integrated Equipment (US), The IKM Group (Norway), GKD Industries (Canada), IoT Group (Australia), and others.
Segmentation
By type, the market is segmented into high pressure (above 10,000 PSI) and low pressure (below 10,000 PSI). By component, the pressure control equipment market is bifurcated into valves, control head, wellhead flange, christmas tree (flow tree), adapter flange, quick unions, and others. By application, the market is segmented into onshore and offshore.
Intended Audience
• Pressure control equipment Manufacturers
• Pressure control equipment Suppliers and Distributors
• Drilling tool manufacturers and suppliers
• Exploration and production companies
• National and international drilling associations
• Oilfield services providers
• Raw Material Suppliers
• Industry associations and experts
• Research organizations and consulting companies
List Of Tables
Table 1 Pressure Control Equipment Market, By Region, 2018–2023
Table 2 North America: Pressure Control Equipment Market, By Country, 2018–2023
Table 3 Europe: Pressure Control Equipment Market, By Country, 2018–2023
Table 4 Asia-Pacific: Pressure Control Equipment Market, By Country, 2018–2023
Table 5 Middle East & Africa: Pressure Control Equipment Market, By Country, 2018–2023
Table 6 Latin America: Pressure Control Equipment Market, By Country, 2018–2023
Table 7 Global Pressure Control Equipment Type Market, By Region, 2018–2023
Table 8 North America: Pressure Control Equipment Type Market, By Country, 2018–2023
Table 9 Europe: Pressure Control Equipment Type Market, By Country, 2018–2023
Table 10 Asia-Pacific: Pressure Control Equipment Type Market, By Country, 2018–2023
Table 11 Middle East & Africa: Pressure Control Equipment Type Market, By Country, 2018–2023
Table 12 Latin America: Pressure Control Equipment Type Market, By Country, 2018–2023
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List Of Figures
Figure 1 Global Pressure Control Equipment Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Pressure Control Equipment Market
Figure 4 Value Chain Of Global Pressure Control Equipment Market
Figure 5 Share Of Global Pressure Control Equipment Market In 2017, By Country (In %)
Figure 6 Global Pressure Control Equipment Market, 2018–2023
Continue….
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