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Pressure Control Equipment Market by Component (Valves, Control Heads, Quick Unions, Wellhead Flanges, Christmas Trees, and Adapter Flanges), Type (High and Low), Application (Onshore and Offshore), and Region - Global Forecast to 2023

Pressure Control Equipment Market by Component (Valves, Control Heads, Quick Unions, Wellhead Flanges, Christmas Trees, and Adapter Flanges), Type (High and Low), Application (Onshore and Offshore), and Region - Global Forecast to 2023

“Pressure control equipment market to grow at CAGR of 5.6% from 2018 to 2023”
The pressure control equipment market is estimated to grow from USD 5.7 billion in 2018 to USD 7.4 billion by 2023, at a CAGR of 5.6% from 2018 to 2023. The growth of the pressure control equipment market is driven by the technological advancement in oil field equipment, increase in global investments in exploration and production (E&P), and rise in unconventional hydrocarbon production in North America. Refracturing activities in the US, along with rising activities in the offshore segment, create new opportunities for pressure control equipment companies. However, factors such as customized demands by drillers and decline in drilling activities and rig count hinder the market growth.

“Market for high pressure to witness highest CAGR during forecast period”
The market for high pressure is estimated to grow at a higher CAGR during the forecast period. High pressure and high temperature wells require special instruments and materials. They also require extra preventive measures and experience as they are considered volatile reservoir environments. Thus, the need for instruments for high pressure environments provides companies the opportunity to customize pressure control equipment using special materials. The customization and other factors mentioned above lead to an increase in the cost of equipment.

“Ongoing offshore exploration activities to drive offshore pressure control equipment applications with higher CAGR from 2018 to 2023”
The market for offshore applications is estimated to grow at a higher CAGR during the forecast period. Offshore activities require advanced technology, making the offshore market a capital intense one. The South China Sea, the West Australian Coast, and the Gulf of Thailand are the major hubs for offshore E&P activities in APAC. Other significant areas include the Caspian Sea and the Bay of Bengal. West Africa, Malaysia, and offshore regions of Venezuela and Brazil are the emerging market for pressure control equipment in the offshore application to gain the momentum during the forecast period.

“Increased investment expenditure in Mexico to drive North American pressure control equipment market and is expected to witness highest CAGR from 2018 to 2023”
The market in North America is estimated to grow at the highest CAGR during the forecast period. Increased capital spending by major oil companies and boom in production from shale operation and deepwater E&P activities in the Gulf of Mexico resulted in the growth of pressure control equipment market in North America. Also, the liberalization of Mexico’s oil & gas industry has led several entries into domestic E&P activities. As a result, exploration and extraction contracts have been awarded for offshore and onshore oil & gas fields by the Mexico’s National Hydrocarbon Commission.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below:
By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
By Designation: - C-Level Executives - 44%, Directors - 38%, and Others - 18%
By Region: North America - 20%, Europe - 40%, APAC - 30%, and RoW - 10%

Schlumberger (US), Weatherford (Switzerland), National Oilwell Varco (US), Baker Hughes (US), The Weir Group (UK), TIS Manufacturing (UK), Lee Specialties (Canada), Hunting (UK), and Brace Tool (Canada) are among the few leading players in the pressure control equipment market.

Research Coverage:
Major components in pressure control equipment are wellhead flange and christmas tree.
By type, the pressure control equipment market has been segmented into high pressure and low pressure.
By application, the pressure control equipment market has been segmented into onshore and offshore.
The geographic analysis is done with regard to 6 major regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa.

Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of pressure control equipment market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to pressure control equipment market.

The report provides insights on the following pointers:
Market penetration: Comprehensive information on pressure control equipment offered by top players in the overall pressure control equipment market
Product development/innovation: Detailed insights regarding R&D activities, emerging technologies, and product launches in the pressure control equipment market
Market development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for pressure control equipment across regions
Market diversification: Exhaustive information about untapped geographies, recent developments, and investments in the overall pressure control equipment market
Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of leading players in the pressure control equipment market


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTION
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • PRESSURE CONTROL EQUIPMENT MARKET OPPORTUNITIES
    • PRESSURE CONTROL EQUIPMENT MARKET, BY COMPONENT
    • PRESSURE CONTROL EQUIPMENT MARKET, BY TYPE
    • PRESSURE CONTROL EQUIPMENT MARKET, BY APPLICATION
    • PRESSURE CONTROL EQUIPMENT MARKET IN NORTH AMERICA, BY COMPONENT AND COUNTRY (2018)
    • PRESSURE CONTROL EQUIPMENT MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • REGULATORY STANDARDS
      • AMERICAN PETROLEUM INSTITUTE (API)
  • PRESSURE CONTROL EQUIPMENT MARKET, BY COMPONENT
    • INTRODUCTION
      • Table PRESSURE CONTROL EQUIPMENT MARKET, BY COMPONENT, 2015-2023 (USD MILLION)
    • VALVES
      • VALVES-MAJOR PRESSURE CONTROL EQUIPMENT USED FOR ISOLATION AND THROTTLING SERVICES
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR VALVES, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR VALVES, BY COUNTRY, 2015-2023 (USD MILLION)
    • CONTROL HEAD
      • HELPS IN LOWERING DRILLING COST AND INCREASING WELL PRODUCTIVITY
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR CONTROL HEAD, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR CONTROL HEAD, BY COUNTRY, 2015-2023 (USD MILLION)
    • WELLHEAD FLANGE
      • HOLDS LARGEST SHARE OF PRESSURE CONTROL EQUIPMENT MARKET
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR WELLHEAD FLANGE, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR WELLHEAD FLANGE, BY COUNTRY, 2015-2023 (USD MILLION)
    • CHRISTMAS TREE (FLOW TEE)
      • MAIN PURPOSE-TO CONTROL FLOW OF WELL FLUIDS OR GAS DURING PRODUCTION
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR CHRISTMAS TREE, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR CHRISTMAS TREE, BY COUNTRY, 2015-2023 (USD MILLION)
    • ADAPTER FLANGE
      • NORTH AMERICA TO HOLD LARGEST SHARE OF PRESSURE CONTROL MARKET FOR ADAPTER FLANGE DURING FORECAST PERIOD
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR ADAPTER FLANGE, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR ADAPTER FLANGE, BY COUNTRY, 2015-2023 (USD MILLION)
    • QUICK UNIONS
      • MARKET FOR QUICK UNIONS IN AFRICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR QUICK UNIONS, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR QUICK UNIONS, BY COUNTRY, 2015-2023 (USD MILLION)
    • OTHERS
      • MARKET IN MIDDLE EAST TO WITNESS HIGHEST CAGR FROM 2018 TO 2023
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR OTHERS, BY REGION, 2015-2023 (USD MILLION)
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2015-2023 (USD MILLION)
  • PRESSURE CONTROL EQUIPMENT MARKET, BY TYPE
    • INTRODUCTION
      • Table PRESSURE CONTROL EQUIPMENT MARKET, BY TYPE, 2015-2023 (USD MILLION)
    • HIGH PRESSURE (ABOVE 10,000 PSI)
      • MARKET FOR HIGH PRESSURE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    • LOW PRESSURE (BELOW 10,000 PSI)
      • NEW OIL FIELD DEVELOPMENT IN AFRICAN AND EUROPEAN ECONOMIES CONTRIBUTE TO GROWTH OF LOW PRESSURE CONTROL EQUIPMENT
  • PRESSURE CONTROL EQUIPMENT MARKET, BY APPLICATION
    • INTRODUCTION
      • Table PRESSURE CONTROL EQUIPMENT MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
    • ONSHORE
      • ONSHORE APPLICATION TO HOLD MAJOR SHARE IN PRESSURE CONTROL EQUIPMENT MARKET
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR ONSHORE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
    • OFFSHORE
      • OFFSHORE APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
        • Table PRESSURE CONTROL EQUIPMENT MARKET FOR OFFSHORE APPLICATION, BY REGION, 2015-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table PRESSURE CONTROL EQUIPMENT MARKET, BY REGION, 2015-2023 (USD MILLION)
    • NORTH AMERICA
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN NORTH AMERICA, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT IN NORTH AMERICA, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
      • US
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN US, BY COMPONENT, 2015-2023 (USD MILLION)
      • CANADA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN CANADA, BY COMPONENT, 2015-2023 (USD MILLION)
      • MEXICO
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN MEXICO, BY COMPONENT, 2015-2023 (USD MILLION)
    • EUROPE
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN EUROPE, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT IN EUROPE, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
      • RUSSIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN RUSSIA, BY COMPONENT, 2015-2023 (USD MILLION)
      • NORWAY
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN NORWAY, BY COMPONENT, 2015-2023 (USD MILLION)
      • UK
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN UK, BY COMPONENT, 2015-2023 (USD MILLION)
      • REST OF EUROPE
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN REST OF EUROPE, BY COMPONENT, 2015-2023 (USD MILLION)
    • APAC
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN APAC, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT IN APAC BY APPLICATION, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
      • CHINA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN CHINA, BY COMPONENT, 2015-2023 (USD MILLION)
      • INDIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN INDIA, BY COMPONENT, 2015-2023 (USD MILLION)
      • AUSTRALIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN AUSTRALIA, BY COMPONENT, 2015-2023 (USD MILLION)
      • INDONESIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN INDONESIA, BY COMPONENT, 2015-2023 (USD MILLION)
      • REST OF APAC
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN REST OF APAC, BY COMPONENT, 2015-2023 (USD MILLION)
    • SOUTH AMERICA
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN SOUTH AMERICA, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT IN SOUTH AMERICA, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN SOUTH AMERICA, BY COUNTRY, 2015-2023 (USD MILLION)
      • VENEZUELA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN VENEZUELA, BY COMPONENT, 2015-2023 (USD MILLION)
      • BRAZIL
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN BRAZIL, BY COMPONENT, 2015-2023 (USD MILLION)
      • ARGENTINA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN ARGENTINA, BY COMPONENT, 2015-2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN REST OF SOUTH AMERICA, BY COMPONENT, 2015-2023 (USD MILLION)
    • MIDDLE EAST
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN MIDDLE EAST, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT IN MIDDLE EAST, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN MIDDLE EAST, BY COUNTRY, 2015-2023 (USD MILLION)
      • SAUDI ARABIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN SAUDI ARABIA, BY COMPONENT, 2015-2023 (USD MILLION)
      • IRAQ
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN IRAQ, BY COMPONENT, 2015-2023 (USD THOUSAND)
      • OMAN
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN OMAN, BY COMPONENT, 2015-2023 (USD MILLION)
      • UAE
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN UAE, BY COMPONENT, 2015-2023 (USD MILLION)
      • KUWAIT
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN KUWAIT, BY COMPONENT, 2015-2023 (USD MILLION)
      • REST OF THE MIDDLE EAST
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN REST OF MIDDLE EAST, BY COMPONENT, 2015-2023 (USD MILLION)
    • AFRICA
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN AFRICA, BY COMPONENT, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT IN AFRICA, BY APPLICATION, 2015-2023 (USD MILLION)
      • Table PRESSURE CONTROL EQUIPMENT MARKET IN AFRICA, BY COUNTRY, 2015-2023 (USD MILLION)
      • ALGERIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN ALGERIA, BY COMPONENT, 2015-2023 (USD MILLION)
      • NIGERIA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN NIGERIA, BY COMPONENT, 2015-2023 (USD THOUSAND)
      • EGYPT
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN EGYPT, BY COMPONENT, 2015-2023 (USD THOUSAND)
      • REST OF AFRICA
        • Table PRESSURE CONTROL EQUIPMENT MARKET IN REST OF AFRICA, BY COMPONENT, 2015-2023 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: PRESSURE CONTROL EQUIPMENT MARKET
    • COMPETITIVE SITUATION & TRENDS
      • PARTNERSHIPS, AGREEMENTS, AND CONTRACTS
        • Table PARTNERSHIPS, AGREEMENTS, AND CONTRACTS (2015-2018)
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES (2015-2018)
      • EXPANSIONS
        • Table EXPANSION (2017)
      • ACQUISITIONS, MERGERS, AND JOINT VENTURES
        • Table ACQUISITIONS, MERGERS, AND JOINT VENTURES (2015-2018)
  • COMPANY PROFILES
    • KEY PLAYERS
      • SCHLUMBERGER
      • WEATHERFORD INTERNATIONAL
      • NATIONAL OILWELL VARCO
      • BAKER HUGHES, A GE COMPANY
      • THE WEIR GROUP
      • TIS MANUFACTURING
      • LEE SPECIALTIES
      • HUNTING
      • CONTROL FLOW
      • BRACE TOOL
    • OTHER PROMINENT PLAYERS
      • FHE
      • INTEGRATED EQUIPMENT
      • THE IKM GROUP
      • GKD INDUSTRIES
      • IOT GROUP
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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