Global Choke and Kill Manifold MARKET 2020-2024
Global Choke And Kill Manifold Market 2020-2024
Technavio has been monitoring the global choke and kill manifold market and it is poised to grow by USD 1.23 bn during 2020-2024, progressing at a CAGR of 8% during the forecast period. Our reports on global choke and kill manifold market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in global rig count.In addition, rise in consumption of oil and gas is anticipated to boost the growth of the global choke and kill manifold market as well.
Technavio's global choke and kill manifold market is segmented as below:
- North America
- South America
Key Trends for global choke and kill manifold market growth
This study identifies rise in consumption of oil and gas as the prime reasons driving the global choke and kill manifold market growth during the next few years.
Prominent vendors in global choke and kill manifold market
We provide a detailed analysis of around 25 vendors operating in the global choke and kill manifold market, including some of the vendors such as Awaltek Sdn Bhd, AXON Pressure Products Inc., Camtop (Shanghai) Machinery Equipment Co. Ltd., EthosEnergy Group Ltd., GTP Solutions, National Oilwell Varco Inc., Schlumberger Ltd., TechnipFMC Plc, Worldwide Oilfield Machine Inc. and Yantai Jereh Oilfield Services Group Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.