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Global Subsea BOP Market 2015-2019

About subsea BOP

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.

Technavio's analysts forecast the global subsea BOP market to grow at a CAGR of 6.5% over the period 2014-2019.

Covered in this report

The global subsea BOP market can be segmented into two: annular BOP and ram BOP.

Technavio's report, the Global Subsea BOP Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA; it also covers the global subsea BOP market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • Cameron
  • GE energy
  • National Oilwell Varco
  • Rongsheng Machinery Manufacture
Other prominent vendors
  • Proserv
  • Tenaris
  • Uztel
Market driver
  • Growing global oil and gas consumption
  • For a full, detailed list, view our report
Market challenge
  • Uncertainty associated with subsea production
  • For a full, detailed list, view our report
Market trend
  • Technological innovation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Subsea Blowout Preventer (BOP) Market 2015-2019
Technavio recognizes the following companies as the key players in Global Subsea Blowout Preventer (BOP) Market 2015-2019: Cameron, GE energy, National Oilwell Varco and Rongsheng Machinery Manufacture
Other Prominent Vendors in the market are: Proserv, Tenaris and Uztel
Commenting on the report, an analyst from Technavio’s team said: “The subsea environment has harsh climatic conditions, and much of the innovation in offshore production is designed to overcome these challenges, including the need to provide very large production facilities. High-temperature and -pressure conditions put drilling and production equipment to the test by pushing the limits of metallurgy, sealing, corrosion resistance, chemical makeup, and electronic functions. Continuous research and development has led to the development of BOPs that can withstand high-temperature and -pressure conditions, while retaining metallurgical integrity.”
According to the report, environmental concerns related to subsea production have been a major driver for the adoption of BOPs, as these systems ensure safe and reliable production. Increased offshore oil and gas drilling activity worldwide has also increased environmental concerns, because large amounts of oil can be spilled directly into seas and oceans.
Further, the report states that the levels of uncertainty associated with subsea production pose a serious challenge to the growth of the market.

Companies Mentioned

Cameron, GE energy, National Oilwell Varco, Rongsheng Machinery Manufacture, Proserv, Tenaris, Uztel

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market overview
    • Product offerings
  • Market Research Methodology
    • Market research process
    • Research methodology
      • Table Market research methodology
  • Introduction
  • Market Landscape
    • Market overview
    • Market size and forecast
      • Table Global subsea BOP market 2014-2019 ($ millions)
    • Five forces analysis
  • Market Segmentation by Product Type
    • Global subsea BOP market by product type, 2014
      • Table Global subsea BOP market by product type 2014
    • Global subsea BOP market by product type, 2019
      • Table Global subsea BOP market by product type 2019
      • Table Global subsea BOP market by product type 2014-2019
    • Global subsea ram BOP market
      • Market size and forecast
        • Table Global subsea ram BOP market 2014-2019 ($ millions)
    • Global subsea annular BOP market
      • Market size and forecast
        • Table Global subsea annular BOP market 2014-2019 ($ millions)
  • Geographical Segmentation
    • Global subsea BOP market by geographical segmentation, 2014
      • Table Global subsea BOP market by geographical segmentation 2014
    • Global subsea BOP market by geographical segmentation, 2019
      • Table Global subsea BOP market by geographical segmentation 2019
      • Table Global subsea BOP market by geographical segmentation 2014-2019
    • EMEA
      • Market size and forecast
        • Table Subsea BOP market in EMEA 2014-2019 ($ million)
    • Americas
      • Market size and forecast
        • Table Subsea BOP market in Americas 2014-2019 ($ millions)
    • APAC
      • Market size and forecast
        • Table Subsea BOP market in APAC 2014-2019 ($ millions)
  • Buying Criteria
  • Market Growth Drivers
    • Table Global oil and gas consumption 2009-2013
  • Drivers and Their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and Their Impact
  • Vendor Landscape
    • Competitive scenario
      • Key news
    • Other prominent vendors
  • Key Vendor Analysis
    • Cameron
      • Key facts
      • Business overview
      • Business segmentation by revenue, 2013
        • Table Cameron: Business segmentation by revenue 2013
      • Business segmentation by revenue, 2012 and 2013
        • Table Cameron: Business segmentation by revenue 2012 and 2013 ($ billions)
      • Geographical segmentation by revenue, 2013
        • Table Cameron: Geographical segmentation by revenue 2013
      • Business strategy
      • Recent developments
      • SWOT analysis
    • GE Energy
      • Key facts
      • Business description
      • Business segmentation
      • Business strategy
      • Revenue segmentation by business
        • Table GE Energy: Revenue segmentation FY2013
        • Table GE Energy: Revenue comparison by segments FY2013 and FY2012 ($ millions)
      • Key developments
      • SWOT analysis
    • National Oilwell Varco
      • Key facts
      • Business overview
      • Business segmentation by revenue, 2013
        • Table National Oilwell Varco: Business segmentation by revenue 2013
      • Business segmentation by revenue, 2012 and 2013
        • Table National Oilwell Varco: Business segmentation by revenue 2012 and 2013 ($ millions)
      • Geographical segmentation by revenue, 2013
        • Table National Oilwell Varco: Geographical segmentation by revenue 2013
      • Business strategy
      • Recent developments
      • SWOT analysis
    • Rongsheng
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Rongsheng: Product Segmentation
      • Sales Network
        • Table Rongsheng: Sales Network
      • Recent Developments
      • SWOT Analysis
  • Other Reports in This Series

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