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Global Wellhead Equipment Market 2017-2021

Global Wellhead Equipment Market 2017-2021

About Wellhead Equipment

Oil and gas is one of the largest industries in the world in terms of the revenue generation. The industry has a substantial share of the government as it includes the majority of the national oil companies that generate billions of dollars contributing significantly toward the economic development of a country. Several industries are dependent either directly or indirectly on the oil and gas sector as they require the final petroleum product or are involved in manufacturing the tools and equipment that are used in the oil and gas industry. This industry is responsible for providing thousands of jobs, and its success or failure has a huge impact on the majority of the industries.

Technavio’s analysts forecast the global wellhead equipment market to grow at a CAGR of 3.06% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wellhead equipment market for 2017-2021. To calculate the market size, the report considers the new installations and exclude spares and aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wellhead Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Aker Solutions
  • GENERAL ELECTRIC
  • National Oilwell Varco
  • Schlumberger
  • TechnipFMC
  • Weir Group
Other prominent vendors
  • Schlumberger
  • Dril-Quip
  • Forum Energy Technologies
  • Nabors Industries
  • Oil States International
  • Shanghai Elim Petroleum Machinery
  • Stream-Flo
  • Wellhead Systems
Market driver
  • Increasing number of deep and ultra-deepwater drilling projects
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in oil and gas prices
  • For a full, detailed list, view our report
Market trend
  • Varying reservoir characteristics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Wellhead Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global wellhead equipment market: Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, TechnipFMC, and Weir Group

Other Prominent Vendors in the market are: Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, TechnipFMC, and Weir Group

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Varying reservoir characteristics. Each reservoir has its specific characteristics according to the formation and the layer of the traps. The reservoir characteristics have an impact on the production of any well, which ultimately decides the types of well drilling and completion tools that would be used during the operations. The composition and purity of crude oil, character of the reservoir rock, and the nature and strength of the drive mechanism influence the flow rate and the ultimate productivity of a reservoir. Reservoir depth, orientation, and complexity are the key factors that determine the cost and complexity of drilling and completion of a well.”

According to the report, one of the major drivers for this market is Increasing number of deep and ultra-deepwater drilling projects. As per the US Energy Information Administration (EIA), the recent oil shock witnessed a decline in the crude oil price, which was as low as $27/bbl in January 2016; the lowest since 2003. The oil price has almost doubled since then and was hovering around the $53-55/bbl mark as of October 2017. During the phase of low crude oil price, several projects, especially deep and ultra-deepwater projects, were put on hold.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in oil and gas prices. The continued trend of low crude prices has put additional pressure on the oil and gas service providing companies. Low-profit margins for a continued period result in reduced revenues, which directly influence the financial aspect of any company. Low investments in oil and gas projects have reduced the market potential for oil and gas service companies. Integrated oil companies were still able to absorb some of the market pressure, but pure play upstream companies were affected the most.

Companies Mentioned

Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, TechnipFMC, Weir Group, Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, TechnipFMC, and Weir Group

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Major segments of oil and gas industry
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global wellhead equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global wellhead equipment market - Market size and forecast 2016-2021 ($ millions)
      • Table Global wellhead equipment market- Year-over-year growth 2017-2021 (%)
      • Table Petroleum upstream activities stages
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2016-2021
      • Table Onshore - Market size and forecast 2016-2021 ($ millions)
      • Table Onshore - Year-over-year growth 2017-2021 (%)
    • Offshore - Market size and forecast 2016-2021
      • Table Offshore - Market size and forecast 2016-2021 ($ millions)
      • Table Offshore - Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by components
    • Segmentation by components
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ millions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ millions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ millions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Comparison - Conventional vs. unconventional sources
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
      • Table Increase in consumption of petrol/diesel in India (2013-2016)
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl)
      • Table Global investment in renewable energy supply 2000-2016 ($ billions)
  • Market trends
    • Industry 4.0: Trends impacting upstream producers
    • Varying reservoir characteristics
    • Increased oil rig count
      • Table Global rig count based on geographic region (2014-2017)
  • Vendor landscape
    • Market scenario
  • Vendor analysis
    • Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Aker Solutions
      • Table Vendor overview
      • Table Aker Solutions - Business segments
      • Table Aker Solutions - Organizational developments
      • Table Aker Solutions - Geographic focus
      • Table Aker Solutions - Segment focus
      • Table Aker Solutions - Key offerings
    • GENERAL ELECTRIC
      • Table Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • National Oilwell Varco
      • Table Vendor overview
      • Table National Oilwell Varco - Business segments
      • Table National Oilwell Varco - Organizational developments
      • Table National Oilwell Varco - Geographic focus
      • Table National Oilwell Varco - Segment focus
      • Table National Oilwell Varco - Key offerings
    • Schlumberger
      • Table Schlumberger overview
      • Table Schlumberger - Business segments
      • Table Schlumberger - Organizational developments
      • Table Schlumberger - Geographic focus
      • Table Schlumberger - Segment focus
      • Table Schlumberger - Key offerings
    • TechnipFMC
      • Table TechnipFMC overview
      • Table TechnipFMC - Business segments
      • Table TechnipFMC - Organizational developments
      • Table TechnipFMC - Geographic focus
      • Table TechnipFMC - Segment focus
      • Table TechnipFMC - Key offerings
    • Weir Group
      • Table Vendor overview
      • Table Weir Group - Business segments
      • Table Weir Group - Organizational developments
      • Table Weir Group - Geographic focus
      • Table Weir Group - Segment focus
      • Table Weir Group - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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