Global Blowout Preventer Market 2017-2021| Onshore Segment Dominates the Global Market| Technavio

According to the latest market research report released by Technavio, the global blowout preventer market is expected to grow at a CAGR of nearly 4% during the forecast period. The rising deep and ultra-deepwater drilling projects is one of the key factors triggering the growth of the market.

This research report titled ˜Global Blowout Preventer Market 2017-2021 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

The market research analysis categorizes the global blowout preventer market into the following locations:

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
  • Onshore
  • Offshore

In 2016, the onshore segment accounted for 65% of the global market and is projected to decline to 62% by 2021, exhibiting almost 3% decrease in market share.

Global blowout preventer market: Key emerging trend

The upcoming blowout manufacturing companies is an emerging trend in the blowout preventer space. There has been an increasing number of companies that cater to the manufacturing of tools and equipment used in drilling operation. Some companies offer services, while others offer equipment on rental basis. With increasing number of drilling activities in APAC coupled with the requirement of specialized technologies to deal with specific formation pressure, it is anticipated that an uptrend is likely to be witnessed during the forecast period.

The increasing exploration activities in relatively new regions demand the need for efficient blowout preventers that can be used under extreme climatic conditions. With rising environmental awareness, the norms in the overall oil and gas industry are likely to get stringent, which will, in turn, drive the blowout preventer market. New players are likely to invest in research and development to manufacture a highly efficient equipment that not only complies with the regulations but also provide offer a safe working environment for crew members working on a drilling rig.

Looking for more information on this market? Request a free sample report

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

Technavios report provides expert market research on the following topics:

Executive Report

  • Market Outline
  • Global Blowout Preventer Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries
  • Market segmentation by location (onshore and offshore)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (Axon, Cameron, National Oilwell Varco, and UZTEL)

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].

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close