Blowout Preventer Market

Blowout Preventer (BOP) is a safety device used to "prevent" the uncontrolled flow of liquids and gases during well drilling operations.

Blowout preventers are large, high-pressure valves that are capable of being remotely controlled. When the driller closes the valve, a pressure-tight seal is formed at the top of the well, preventing the fluids from escaping. There are two major types of Blowout Preventers, Annular BOP and Ram BOP. Annular BOPs are usually mounted to the very top of the BOP stack. The drilling crew then mounts two, three, or four RAM BOPs below the Annular preventer. If a kick is detected, the annular is usually closed first and then the RAM is used as a backup if the Annular should fail.

Blowout preventers are used on land wells, offshore rigs, and subsea wells. Land and subsea BOPs are secured to the top of the wellbore, known as the wellhead. BOPs on offshore rigs are mounted below the rig deck. Subsea BOPs are connected to the offshore rig above by a drilling riser that provides a continuous pathway for the drill string and fluids emanating from the wellbore.

Blowout Preventer Market contains market size and forecasts of Blowout Preventer in global, including the following market information:

Global Blowout Preventer Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Blowout Preventer Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Blowout Preventer companies in 2021 (%)

The global Blowout Preventer market was valued at 9327.3 million in 2021 and is projected to reach US$ 10040 million by 2028, at a CAGR of 1.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Annular BOP Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Blowout Preventer include GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX and Jiangsu Xinde, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Blowout Preventer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Blowout Preventer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Blowout Preventer Market Segment Percentages, by Type, 2021 (%)

Annular BOP

Ram BOP

Global Blowout Preventer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Blowout Preventer Market Segment Percentages, by Application, 2021 (%)

Onshore Wells

Offshore Wells

Global Blowout Preventer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Blowout Preventer Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Blowout Preventer revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Blowout Preventer revenues share in global market, 2021 (%)

Key companies Blowout Preventer sales in global market, 2017-2022 (Estimated), (Units)

Key companies Blowout Preventer sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players 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