Los Angeles, CA -- (SBWire) -- 02/16/2019 --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.
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.
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The global Blowout Preventer market is valued at 9170 million US$ in 2018 is expected to reach 8930 million US$ by the end of 2025, growing at a CAGR of -0.3% during 2019-2025.
This report focuses on Blowout Preventer volume and value at global level, regional level and company level. From a global perspective, this report represents overall Blowout Preventer market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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
Segment by Type
Annular BOP, Ram BOP
Segment by Application
Onshore Wells, Offshore Wells
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Global Blowout Preventer Market Is Expected to Reach US$ 8930 Mn by 2025 -QY Research, Inc.
Blowout Preventer Market -New Research Report Announced with business priorities in order to assist companies to realign their business strategies.