Los Angeles, CA -- (SBWire) -- 04/12/2019 --Blowout Preventer (BOP) is a safety device used to "prevent" the uncontrolled flow of liquids and gases during well drilling operations.
Blowout Preventer industry concentration is relatively high. The largest producer is GE Oil & Gas, accounting for 18.6% percent market share in value in 2015, followed by Cameron, National Oilwell Varco, Uztel and Rongsheng Machinery, these five Manufacturers accounting for 64% of total market revenue in 2015. The industry competitive landscape is relatively stable.
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The Blowout Preventer market scale is likely to continue to increase in the next few years. Although sales of Blowout Preventer brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the Blowout Preventer field abruptly.
The global Blowout Preventer market was 9170 million US$ in 2018 and is expected to 8930 million US$ by the end of 2025, growing at a CAGR of -0.3% between 2019 and 2025.
This report studies the Blowout Preventer market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Blowout Preventer in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
GE Oil & Gas,
Cameron,
National Oilwell Varco,
Uztel,
Rongsheng Machinery,
Halliburton,
OJSC NaftaGaz,
MSP/DRILEX,
Jiangsu Xinde,
Fountain Petro,
Control Flow,
GCOP,
Jiangsu Jinshi,
Well Control,
Shenkai,
NETS,
By the product type, the market is primarily split into:
Annular BOP,
Ram BOP,
By the end users/application, this report covers the following segments:
Onshore Wells,
Offshore Wells,
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Blowout Preventer Market Size, Growth Drivers, Distributor Analysis, Industry Trends and Forecast to 2025