Subsea Blowout Preventer Market

BOP is a high pressure mechanical safety valve system at the top of a well head, which prevents uncontrolled fluid flow in the well bore. This device is essential in the oil and gas industry as it monitors and controls pressure while drilling and is the last line of defense to prevent any subsea leakages or surface explosions. A BOP stack consists of two types of BOPs, annular BOP and ram BOP. An annular BOP is placed at the very top of the stack and then two, three, or four ram BOPs are placed below the annular BOP. BOP stack contains the wellbore fluids either in the annular space amid casing and tubing or in an exposed hole during drilling, completion, and testing operations.
Subsea Blowout Preventer Market aims to provide a comprehensive presentation of the global market for Subsea Blowout Preventer (BOP), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Subsea Blowout Preventer (BOP). Subsea Blowout Preventer Market contains market size and forecasts of Subsea Blowout Preventer (BOP) in global, including the following market information:
Global Subsea Blowout Preventer (BOP) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Subsea Blowout Preventer (BOP) Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Subsea Blowout Preventer (BOP) companies in 2022 (%)
The global Subsea Blowout Preventer (BOP) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Rising subsea drilling activities and the necessity for effective oil and gas production propel the demand for blowout preventers systems. Growing demand for hydrocarbons accelerates the drilling activities, which in turn leads to the increasing demand for blowout preventers and drilling equipment. In order to optimize the extra expenditures and costs, efficient production of oil and gas is utmost important at the onshore and offshore fields. Growing number of safety regulations and attention towards the efficiency of the end-products play a vital role in the growth of the blowout preventers. The aforementioned reasons are expected to boost the demand for blowout preventers and thus in turn pushing the growth of the global blowout preventers market.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Subsea Blowout Preventer (BOP) 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 Subsea Blowout Preventer (BOP) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Subsea Blowout Preventer (BOP) Market Segment Percentages, by Type, 2022 (%)
Annular Blowout Preventer
Ram Blowout Preventer
Global Subsea Blowout Preventer (BOP) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Subsea Blowout Preventer (BOP) Market Segment Percentages, by Application, 2022 (%)
Oil Industry
Gas Industry
Global Subsea Blowout Preventer (BOP) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Subsea Blowout Preventer (BOP) Market Segment Percentages, By Region and Country, 2022 (%)
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 Subsea Blowout Preventer (BOP) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Subsea Blowout Preventer (BOP) revenues share in global market, 2022 (%)
Key companies Subsea Blowout Preventer (BOP) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Subsea Blowout Preventer (BOP) sales share in global market, 2022 (%)
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
Yantai Jereh Petroleum Equipment & Technologies
Outline of Major Chapters:
Chapter 1: Introduces the definition of Subsea Blowout Preventer (BOP), market overview.
Chapter 2: Global Subsea Blowout Preventer (BOP) market size in revenue and volume.
Chapter 3: Detailed analysis of Subsea Blowout Preventer (BOP) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Subsea Blowout Preventer (BOP) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Subsea Blowout Preventer (BOP) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.