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Global Ram Blowout Preventer Market 2019-2023 | 6% CAGR Projection over the Next Five Years | Technavio


The ram blowout preventer market size is expected to post a CAGR over 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The growing population and consistent industrial development have led to a significant rise in global energy demand. As a result, energy security has become essential and this is prompting oil and gas companies to explore untapped oil and gas resources. Moreover, oil and gas companies are increasingly investing in mature oil and gas fields to maximize the revenue from such areas. This is leading to a significant rise in oil and gas E&P activities, which increases the demand for ram blowout preventers.

To learn more about the global trends impacting the future of market research, download a free sample:

As per Technavio, the declining cost of raw materials will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Ram Blowout Preventer Market: Declining Cost of Raw Materials

Raw materials, primarily steel, account for a significant share of the total cost incurred during the manufacture of ram blowout preventers. Thus, the global trends in steel prices will have a substantial impact on the ram blowout preventer market. As the price of steel is currently declining, the cost of manufacturing blowout preventers is also declining substantially. Therefore, the reduction in raw material costs will increase the profits for ram blowout preventer manufacturers and, subsequently, increase the growth of the market during the forecast period.

Apart from the declining cost of raw materials, other factors such as the advancements in blowout preventers, and the rise in deepwater and ultra-deepwater E&P activities will have a significant impact on the ram blowout preventer market growth during the forecast period, says a senior analyst at Technavio.

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Ram Blowout Preventer Market: Segmentation Analysis

This market research report segments the global ram blowout preventer market by application (onshore and offshore), and by region (North America, Europe, APAC, South America, and MEA).

The North American region led the market in 2018, followed by MEA, APAC, Europe, and South America, respectively. The growth of the ram blowout preventer market share in North America can be attributed to factors such as the rise in initiatives taken by governments to increase oil and gas production and the increase in E&P activities in unconventional sources of oil and gas such as oil sands and shale in the region.

Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected].



Kincentric Best Employers in Malaysia Embrace the Next Normal in Extraordinary Ways


KUALA LUMPUR, MALAYSIA – Media OutReach – 14 January 2021 – Never in history have employee engagement experiences played a more crucial role than it has in 2020. The unprecedented challenges that businesses have undergone have shown us that it is people, more than any other factors that carry a company through a crisis towards success.

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With decades of expertise in culture and engagement, leadership assessment and development, and HR and talent advisory services, Kincentric (a Spencer Stuart Company) helps organizations to be the best in the business through their Best Employers program, a leading employer benchmarking program measuring and recognizing extraordinary employers demonstrating workplace excellence.

For 20 years, the Kincentric Best Employers program has recognized leading employers across the world who are committed to realizing great workplace experiences. Selected by an independent panel of judges, these organizations are leading the way in aspects that are crucial for success — employee engagement, agility, engaging leadership and talent focus.

In 2020, Kincentric Best Employers in Malaysia have consistently found new and innovative ways to empower and motivate their people throughout a very challenging year, creating a work environment where people feel appreciated, highly connected and inspired to do their best, every day. As we begin 2021, we look at how our Best Employers in Malaysia have applied an agile approach to strategy, measurement and delivery of the Employee eXperience to prepare for the next normal.

edotco Group Sdn Bhd

  • Best Employer in Malaysia and recipient of the Commitment to Engaging Leadership special award, the integrated telecommunications infrastructure services company employed three key strategies, namely timely and empathetic communication, personal involvement of senior leadership and people managers in employee development programs, and activation of people managers as informal mentors.
  • Apart from regular and prompt updates to employees on business and COVID-19 related developments, the organization focused on sustaining employee resilience through financial, mental and physical wellbeing in 2020, doubling down on employee development investment by 50% to future-proof its workforce via digital competencies.
  • “At edotco, we believe in never letting a crisis go to waste. The COVID-19 pandemic had bought home 2 new values into our organization (Resilience and Empathy) as the anchor that keeps our ship grounded. While we had shifted some of our priorities, adopting these principles helped our leadership team remain laser-focused in engaging our employees in a united manner and provided us with a framework to navigate through these turbulent waters. I believe we will emerge stronger as an organization come 2021,” says Adlan Tajudin, Chief Executive Officer.


Hartalega Sdn Bhd

  • As one of the world’s leading glove manufacturers, this second-time Best Employer was an integral part of the support system for the fight against COVID-19. Due to the supernormal demands, the company had to adapt quickly to ramp up production capacity amidst the freeze on migrant labor for which the glove industry is highly dependent on.
  • In a bid to attract locals to meet its production challenges, Hartalega quickly improved its value proposition for operator level jobs and accelerated the implementation of new automation systems throughout their production facilities.
  • Reflecting on the company’s journey in the program, Kuan Vin Seung, Chief Human Resource Officer shares “In year 2017, we decided to participate in the Kincentric Best Employers program to put Hartalega up against the best companies, not to win it but to learn how to be better. Having won it for the second time is really motivating and a testament that we are on the right path to become the best in people’s practices.”


Kulim (Malaysia) Berhad

  • At the core of this home-grown organization’s value system is C.A.R.E. (Competitive, Action, Responsible, Ethical) – the belief that the spirit of caring is integral to the prosperity and survival of its business. Inculcating an inclusive, non-discriminatory work environment, Kulim continually capitalizes on employee growth potential by grooming and preparing its workforce to meet the needs and changes in their current jobs, with a view of the future.
  • Promoting a high-performance work culture that runs parallel with its human capital initiatives, the company motivated and challenged employees to raise their performance through a highly-structured performance-based reward system.
  • As Tuan Haji Amran Zakaria, Head of Corporate Services Division explains, “Our people are our greatest asset. We must develop the right people, with the right caliber, skills and mindset. All of these must come together. If we do not develop people, then a lot of things are left to be desired. So, people are the fundamental factor and we need to continuously inject fresh mindsets and new thinking to drive the company forward.”

Roche Services (Asia Pacific) Sdn Bhd

  • A pioneer in healthcare, Roche combines its strengths in pharmaceuticals and diagnostics to drive personalized healthcare. While some organizations found the transition into remote work quite challenging, the company executed this seamlessly, enabled by their existing agile ways of working. Through a creative mid-to-long term communication and engagement plan to enable meaningful and proactive interaction, Roche kept team spirit up by organizing activities such as zoom cooking classes and mental well-being talks, as well as encouraged team sharing of hobbies and games.
  • Adopting flexible working policies such as the one-time Ergonomics Assistance Programme for the purchase of furniture, tools, devices or equipment to enable smooth work from home, the company fostered a supportive and inclusive workplace culture to retain and attract the best talent. The approach paid off as Roche successfully employed 180 talented individuals during the pandemic.
  • Delighted by the honor, Martin Kikstein, General Manager says “the Kincentric Best Employer Brand Award 2020 is an endorsement we are honored to receive as we truly believe any organization is only as good as its people. It is a meaningful award for all of us at Roche Services & Solutions (RSS) APAC, further reinforcing our people-first philosophy. Our collective passion to foster diversity and inclusion made this award possible for our organization. I want to take this opportunity to thank each and every member of my team, congratulations RSS APAC!” 

American Express (Malaysia)

  • American Express won Kincentric Best of the Best Employer in Malaysia 2020 by delivering an exceptional people-centric experience through three key areas — trust, open communication and top team alignment.
  • Recognizing the importance of a health and wellness culture from the start of the pandemic, they embarked on key initiatives beginning with the launch of a telehealth service for colleagues and their immediate family members to consult doctors and access expert medical care.
  • American Express Malaysia shares its success story here


Organizations that are looking for valuable, insightful and actionable data to identify areas to better understand employee engagement, positively influence morale and enhance brand reputation in the next normal can visit


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Huntkey Presents at the All-Digital CES 2021


SHENZHEN, CHINA – Media OutReach – 14 January 2021 – Huntkey, a leading provider of power solutions, announces that today it presents at the All-digital CES 2021, the most influential tech event in the world.


Due to the covid-19 pandemic, the world’s largest electronics sourcing fair CES 2021 will be held all digitally from Jan. 11-14, 2021. During this period, all the exhibitors can access to the digital platform developed by CES to showcase their new products and technologies as well as schedule meetings with the attendees.


Huntkey is a frequenter of CES. To take this once-a-year opportunity, Huntkey will introduce its PD Chargers, Surge Protectors, Power Strips, LED Desk Lamps as well as other product categories to the attendees.


PD Chargers


PD charger is a main product category of Huntkey, and many mainstream cell phone brands are using Huntkey chargers. Huntkey has developed a wide variety of cell phone chargers output power of which is designed from 20 to 90W. To meet different charging needs, several models are equipped with USB-A and USB-C charging ports, for example, the 65W USB-C charger comes with one USB-C port to deliver a fast charging speed, and two USB-A ports for the charging for traditional phones.


Huntkey has also released 65W GaN charger to the markets. The charger features two charging ports – one USB-C port and one USB-A port. The USB-C port is designed for fast charging speed, independently, it can output 5V3A, 9V3A, 12V3A, 15V3A or 20V3.25A, 65W at the maximum. The USB-A port can output 5V3A or 9V3A, 27W at the maximum.


Surge Protectors & Power Strips


Huntkey is a key player in surge protector and power strip market, it provides multiple types of sockets and plugs, including US, EU, AU, SA and Universal types, as well as different cable length to meet its worldwide customers’ needs.


Huntkey’s surge protectors and power strips are made of flame-retardant material, and are warranted with multiple protections to ensure safety, like over-load protection, over-heat protection and over-voltage protection. They are all flame-retardant and equipped with an inside integral copper bar that can be able to withstand high temperatures and save energy. The less energy is consumed, the lower electricity bills will be. All of them come with a 3- year warranty.

LED Desk Lamps


Tow models of Huntkey LED desk lamps are available to the markets. Huntkey desk lamps are energy-efficient and eye-protective for home and office use. These desk lamps are integrated with multiple touch-controllable sensors, like step-less dimming bars, wireless chargers, USB charging ports, and alarm clocks. They are well-suited for reading, working or studying.


To learn more about Huntkey, please visit:

About CES

CES(Consumer Electronics Show) is a world renowned trade show annually held in January at the Las Vegas Convention Center (LVCC) in Las Vegas, Nevada, United States. It is organized by the Consumer Technology Association (CTA) to host presentations of new products and technologies in the consumer electronics industry.

About Huntkey

Founded in 1995, Huntkey is a leading global provider of PC power supplies, power strips, surge protectors, laptop adapters, phone chargers, monitors and air purifiers. Huntkey is an Asia renowned brand, a member of The International Power Supply Manufacturer’s Association (PSMA) and China Power Supply Society (CPSS). Including three total nearly 1,000,000 square meters industrial parks, Huntkey is one of the most famous brands and largest companies in mainland China. It is headquartered in Shenzhen, with branch companies in the US, Japan and Hong Kong, and with cooperating factories in Vietnam, Brazil, Argentina and India.

In 2020, Huntkey introduces its latest photocatalyst air purifier – the desktop air purifier globally. The desktop air purifier is designed portable and it can efficiently remove chemical vapors, odors, haze particles, and many more air pollutants.

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New Inject/Eject Mechanism from Southco Simplifies Installation and Operation with Tool Free Operation


HONG KONG SAR – Media OutReach – 14 January 2021 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology, has introduced a new addition to its successful P7 Inject/Eject series, designed for the popular solid-state drive (SSD) data storage format used in the Telecom and Data Center industries. Southco’s P7-M2 Solid-State Drive Inject/Eject Mechanism features intuitive, tool-free operation, and simple installation and removal of PC boards.

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P7-M2 Solid-State Drive Inject/Eject Mechanism

Southco’s P7-M2 Solid-State Drive Inject/Eject Mechanism can be easily installed by inserting it into the PC board and rotating 90 degrees into place. The PC board can then be pressed into place and pushed closed. Easily removed with the push of a button, the P7-M2 Solid-State Drive Inject/Eject Mechanism features a special tab design that absorbs PC board tolerance and eliminates vibration. The P7-M2 Solid-State Drive Inject/Eject Mechanism also complements industrial design, with a button that customized to match application color preferences.

“Tool-free operation is a priority in PC board accessory installation, and our new SSD inject/eject mechanism meets this need with a simple, intuitive installation process,” said Global Product Manager Ike Teng. “The P7-M2 Solid-State Drive Inject/Eject Mechanism is easy to use at every step, from installation to removal.”

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

Southco Asia Limited

2401-2406, Tower 2, Ever Gain Plaza

88 Container Port Road, Kwai Chung

Hong Kong

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