openPR Logo
Press release

Pressure Control Equipment Market Soaring Demand Assures Motivated Revenue Share during 2018-2028

04-22-2019 09:49 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Pressure Control Equipment Market Soaring Demand Assures

Pressure control equipment is a set of tools and device that are generally used to maintain the optimal pressure levels inside a wellbore during well intervention or workover operations. The pressure control equipment can withstand arduous conditions which ensure safety and quality, and minimize risks during drilling. It is used in number of applications where the pressure needs to be measured, monitored, and controlled. Rapid implementation of advanced technology in oilfield equipment on the account of growing global investment in exploration and production (E&P) is considered to be key factors influencing the development of pressure control equipment market.

Pressure Control Equipment Market – Notable Developments

Some of the leading players operating in the pressure control equipment market are Schlumberger, GKD Industries, Integrated Equipment, Brace Tool, Hunting, TIS Manufacturing, Baker Hughes, a GE company (BHGE), National Oilwell Varco, Weatherford International, The IKM Group, FHE USA, Control Flow, Lee Specialties, The Weir Group, IoT Group, and others.

In February 2019, Schlumberger and Rockwell Automation, one of the largest companies dedicated to industrial automation and information, entered into an agreement to form a joint venture called Sensia, the first fully-integrated provider of digital oilfield automation solutions. Additionally, it created a JV – OneStim with Weatherford International, PLC in March 2017 to offer unconventional resource plays’ products and services to their customers in the U.S. and Canada.
In September 2018, Baker Hughes, a GE company (BHGE), a key player of pressure control equipment market, was awarded an integrated services contract by Saudi Aramco for its Marjan Oilfield. Under the contract’s terms the company provided drilling services, drilling fluids engineering services, and coiled tubing services in Marjan. BHGE also received a similar contract from Equinor in June 2018 to support the petroleum company’s large proportion of drilling and well construction activities in the North Sea’s Norwegian sector.

Request Free Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=3079

Pressure Control Equipment Market Dynamics

Increasing demand for hydrocarbons, which serve as a key source of global energy supply, has brought a significant transformation in oil and industry in various regions across the globe. Such transformation has led to advances in well drilling technologies and adoption of a variety of equipment including pressure control equipment which measures, monitor, and control the fluid pressure. Surging demand for oil and gas equipment along with the rising need for higher safety norms by well drilling contractors is expected to accelerate the growth of pressure control equipment market. In addition, increasing requirements of special instruments and materials in high pressure and high temperature wells will possibly push the demand for pressure control equipment.

North America to Contribute Substantial Growth to Pressure Control Equipment Market

Leading players foresee North America as a lucrative region for pressure control equipment market, due to increase in deepwater drilling activities in the region. Continued focus on unconventional sources and shale plays on the coattails of various technological innovations and developments is anticipated to drive the pressure control equipment market in the developed countries of North America such as the U.S. and Canada. Further, surge in unconventional hydrocarbon production in the region has been envisaged to complement the future expansion of pressure control equipment market.

While increasing capital spending by leading companies in North America will continue to propel the market growth, factors such as lack of expertise, failure in drilling rig activities, and limited exposure to technologies may influence passive growth of pressure control equipment market.

Request/View TOC@ https://www.factmr.com/connectus/sample?flag=T&rep_id=3079

Pressure Control Equipment Market Segmentation

On the basis of type, the pressure control equipment market can be segmented into:

Low Pressure (Below 10,000 PSI)
High Pressure (Above 10,000 PSI)
On the basis of application, the pressure control equipment market can be segmented into:

Onshore
Offshore
On the basis of component, the pressure control equipment market can be segmented into:

Valves
Wellhead Flange
Adapter Flange
Control Head
Christmas Tree (Flow Tree)
Quick Unions
Others
The study presents reliable qualitative and quantitative insights into:

Pressure control equipment market segments and sub-segments
Pressure control equipment market trends and dynamics
Supply and demand chain of the pressure control equipment market
Pressure control equipment market valuation (revenue and/or volume)
Key trends/opportunities/challenges in pressure control equipment market
Forces defining present and estimated future state of the competitive landscape
Technological developments in the market of pressure control equipment
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K., Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The pressure control equipment market report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

A detailed analysis of key segments of the pressure control equipment market
Recent developments in the pressure control equipment market’s competitive landscape
Detailed analysis of pressure control equipment market segments up to second or third level of segmentation
Historical, current, and projected future valuation of the pressure control equipment market in terms of revenue and/or volume
Key business strategies adopted by influential pressure control equipment market vendors
Outline of the regulatory framework surrounding and governing numerous aspects of the pressure control equipment market
Growth opportunities in emerging and established pressure control equipment markets

Recommendations to pressure control equipment market players to stay ahead of the competition.

Report Analysis@ https://www.factmr.com/report/3079/pressure-control-equipment-market

About US
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Rohit Bhisey
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - http://theguardiantribune.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pressure Control Equipment Market Soaring Demand Assures Motivated Revenue Share during 2018-2028 here

News-ID: 1712039 • Views: 179

More Releases from Fact.MR

07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
03-20-2020 | Health & Medicine
Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On

All 5 Releases


More Releases for Pressure

Pressure Sensitive Adhesives Market
Pressure sensitive adhesives (PSAs) provide adhesion to dissimilar materials on application of pressure. They do not require heat, water or solvent to initiate bonding and fall into the category of dry adhesives. They can be used to affix materials such as plastics, wood, paper, metals and glass.  The advantages of using pressure sensitive adhesives are tackiness at room temperature, simple installation equipment, short curing times, peel resistance and shear resistance.
Wireless Pressure Sensors Market
MRC announces the addition of new study based research report on Wireless Pressure Sensors market to their suite of offerings. Where the Wireless Pressure Sensors market is heading? If you are involved in Wireless Pressure Sensors sector, the report brings to your attention a basic overview of the Wireless Pressure Sensors market with market definition, classification, applications, segmentation, plans, manufacturing processes, product specifications, cost structures, regional analysis, and value chain
Staying strong under pressure
Pipe clamps ensure secure fastening of high-pressure pipes with outside diameters larger than 1,000 mm The rising demands on all components and systems used within industrial water cycles are the result of the trend towards increasingly high operating pressure levels of up to 500 bar and reduced water quantities used during descaling processes of steel components, e.g. in continuous milling and casting procedures, oil removal from hot-rolled sheeting and removing pickling
New Product: Winters LLP Pressure Transmitter for Low Pressure
July 25, 2011 Toronto, Ontario - Winters Instruments is pleased to announce the LLP Series Pressure Transmitter, designed specifically for use on applications that produce low pressures up to 25 psi. Featuring a 304 SS housing and 316L SS flexible diaphragm for pressure sensing, the LLP Transmitter is ideal for general industry use, as well as, OEM customers who require a high quality, high accuracy pressure transmitter. Measuring 4” in height, this
Vacuum Pressure Transducers Accounced
New Transducers Direct TDH Series Feature Favorable Cost and Accuracy CINCINNATI – August 23, 2010 - Transducers Direct, LLC continues to expand its TDH pressure transducer line with the addition of two new vacuum transducers. With a list price starting at $89.00, the TDH31 and TDH41 are low cost vacuum and compound range transducers for use in any OEM or retrofitting application requiring an accurate and reliable unit. Both
Differential Pressure Sensor for Wet Media and Low Pressure Ranges
American Sensor Technologies, Inc. (AST) offers the new AST5100 Wet / Wet differential pressure sensor (also termed differential pressure transducer or transmitter) for differential pressure measurement ranges as low as 0 to 5 inches of water column (0 to 0.18 PSI) and up to 0 to 15 PSID. AST uses a Macro Sensors LVDT (Linear Variable Differential Transformer) to measure the movement of bellows and digitally amplifies the signal with new