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Global Pressure Control Equipment Market Estimated to Generate a Revenue of $9.6 Billion During the Forecast Period, 2019-2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--

The "Global Pressure Control Equipment Market Analysis 2019" report has been added to ResearchAndMarkets.com's offering.

The Global Pressure Control Equipment market is expected to reach $9.6 billion by 2026 growing at a CAGR of 6.6% during the forecast period.

Technical development in oilfield equipment and increase in eccentric hydrocarbon production are some of the key factors boosting the growth of the market. However, dropping drilling activities and fix counts are hindering the market growth.

Pressure Control Equipment are those equipment that helps in maintaining the optimal pressure levels inside a wellbore when any well intervention operations are performed by an operator in any easy or arduous conditions. All such equipment are manufactured with the intent that they can withstand arduous conditions and thus use stringent quality standards.

Based on the component, control head segment to grow at the highest rate as these is mainly used to improve personal protection and surrounding safety. In drilling application, control head provides a minor barrier to the discharge of good fluids on the rig floor and the work over operations involving the use of nitrogen or other gases occasionally use control heads. Depending on the geography, North America region is predicted to dominate, as the region is the new swing producer in oil markets due to the boost in the manufacturing of both shale process and deep water exploration.

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Pressure Control Equipment Market, By Component

5.1 Introduction

5.2 Valves

5.3 Control Head

5.4 Christmas Tree (Flow Tee)

5.5 Wellhead Flange

5.6 Quick Unions

5.7 Adapter Flange

5.8 Other Components

6 Global Pressure Control Equipment Market, By Type

6.1 Introduction

6.2 High Pressure (Above 10,000 PSI)

6.3 Low Pressure (Below 10,000 PSI)

7 Global Pressure Control Equipment Market, By Application

7.1 Introduction

7.2 Offshore

7.3 Onshore

8 Global Pressure Control Equipment Market, By Geography

8.1 Introduction

8.2 North America

8.3 Europe

8.4 Asia Pacific

8.5 South America

8.6 Middle East & Africa

9 Strategic Benchmarking

10 Vendors Landscape

10.1 The Weir Group

10.2 TIS Manufacturing

10.3 Weatherford International

10.4 FHE

10.5 GKD Industries

10.6 Baker Hughes, A Ge Company

10.7 Brace Tool

10.8 Hunting

10.9 Integrated Equipment

10.10 IoT Group

10.11 Lee SPECialties

10.12 National Oilwell Varco

10.13 Schlumberger

10.14 The IKM Group

For more information about this report visit https://www.researchandmarkets.com/r/8zfhjl

View source version on businesswire.com: https://www.businesswire.com/news/home/20190816005232/en/