Press release
Global blowout preventer market to grow at a CAGR of 3.62% during the period 2017-2021
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Description
Blowout results in a loss of life. This along with the oil spillage has a long-term impact on the environment. Animals in the vicinity of the explosions might be exposed to hydrocarbons that are released, especially in offshore wells. Blowout preventers are a type of valves used on top of a well to control the outflow of the formation fluid in case the drilling crew loses the control. It is basically a safety equipment that seals the well under abnormal pressure conditions, thus preventing a blowout.
Technavios analysts forecast the global blowout preventer market to grow at a CAGR of 3.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global blowout preventer market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Blowout Preventer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Axon
Cameron
National Oilwell Varco
UZTEL
Other prominent vendors
B.O.P Products
BOP Technologies
Control Flow
Fountain Petro
GE Oil & Gas
MSP/DRILEX
Parveen Industries
Rongsheng Machinery
Shenkai
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Market driver
Rising deep and ultra-deepwater drilling projects
For a full, detailed list, view our report
Market challenge
Increasing investments in renewable sources of energy
For a full, detailed list, view our report
Market trend
Next generation of blowout preventers
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by type
Global blowout preventer market by type
Global annular blowout preventer market
Global ram blowout preventer market
PART 07: Market segmentation by location
Global blowout preventer market by location
Global blowout preventer market by onshore
Global blowout preventer market by offshore
PART 08: Geographical segmentation
Global blowout preventer market by geography
Blowout preventer market in the Americas
Blowout preventer market in EMEA
Blowout preventer market in APAC
PART 09: Decision Framework
PART 10: Drivers and challenges
Market drivers
Market challenges
PART 11: Market trends
Next generation of blowout preventers
Technological innovations
Upcoming blowout manufacturing companies
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PART 12: Vendor landscape
Competitive scenario
Other prominent vendors
PART 13: Key vendor analysis
Axon
Cameron
National Oilwell Varco
UZTEL
PART 14: Appendix
List of abbreviations
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