Heightened Safety Concerns Propel Global Blowout Preventer Market
The global blowout preventer market is growing at a CAGR of 4.22% from 2014 to 2022. The market was worth US$26.096 billion in 2013 and will be valued at US$38.5833 billion by 2022.Blowout preventers (or BOP) are large valve stacks that are installed over fluid lines. Their primary purpose is to control, monitor, and seal the leakage of fluids coming from wells. They are always designed for redundancy, because they are maintained as the last line of defense against well...
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