Market Overview:
The global choke manifolds market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing exploration and production activities in offshore areas are also contributing to the growth of this market. The global choke manifolds market is segmented on the basis of type, application, and region. On the basis of type, it is divided into manual choke manifolds and hydraulic choke manifolds. The manual choke manifold segment dominates this market owing to its low cost as compared to hydraulic choke manifold segments.
Product Definition:
Choke manifolds are devices used to control the flow of fluids or gases. They are often used in conjunction with valves to regulate the flow of fluid or gas through a system. Choke manifolds can be used to choke off a particular line, preventing fluid or gas from flowing through it, or they can be used to adjust the pressure of a fluid or gas stream.
Manual Choke Manifolds:
Manual choke manifolds are used to control the flow of a fluid. They are widely used in industries such as power generation, petrochemical, and oil & gas for various processes such as feed water supply, circulation pumps discharge and metering. The growth factor in the global choke manifolds market is driven by growing industrialization which has led to an increase in power consumption across the world.
Hydraulic Choke Manifolds:
Hydraulic chokes are used in power transmission and engine-driven applications. They are widely used in automotive, construction equipment, material handling equipment, and other industries. Hydraulic chokes can be single or multiple channel devices that transfer a variable amount of the torque applied to the driven device through a fixed stroke length.
Application Insights:
Onshore wells segment dominated the global market in 2017. This is attributed to growing demand for oil & gas from domestic markets as well as from countries such as China, India and Mexico which are located in North America and Europe. Furthermore, increasing investments by companies including BP plc, StatoilHydro ASA and Repsol SAB in onshore projects across the world is expected to drive the growth of this segment over the forecast period.
Offshore wells are anticipated to witness significant growth over the forecast period owing to rising demand for oil & gas from countries such as Japan, China and India which are located near Asia Pacific region. In addition, increasing investments by companies including Total SA (France), Royal Dutch Shell plc (U.K.), Mitsubishi Heavy Industrial Limited (Japan)and Chiyoda Corporation (Japan)in offshore projects across various regions of the world is expected to further fuel industry expansion over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of unexplored reserves of natural gas that are ready to be consumed. This, in turn, is likely to drive the demand for choke manifolds over the next eight years.
The North America regional market accounted for a significant share owing to increasing hydraulic fracturing activities coupled with growing shale gas production in countries such as Canada and United States. Hydraulic fracturing involves pumping huge volumes of water into wells at high pressure, which fractures shale deep underground and releases oil or natural gas trapped within it.
Growth Factors:
- Increasing demand for choke manifolds in the oil and gas industry as a result of increasing exploration and production activities
- Rising popularity of choke manifolds in unconventional shale plays due to their ability to improve well productivity
- Growing demand for high-performance choke manifolds that can withstand high pressures and temperatures
- Proliferation of smart field technologies that are driving the adoption of choke manifold systems with integrated controls and diagnostics capabilities
- Increasing use of modular choke manifold systems that can be easily configured to meet specific application requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
Choke Manifolds Market Research Report
By Type
Manual Choke Manifolds, Hydraulic Choke Manifolds
By Application
Onshore Wells, Offshore Wells
By Companies
Schlumberger, Weir, National Oilwell Varco, TSC, Worldwide Oilfield Machine (WOM), UZTEL, Rongsheng Machinery (CNPC), MSP/DRILEX, Forum Energy Technologies, AXON Energy Services, Suzhou Douson, Alberta Petroleum Industries, Kerui Petroleum, Saigao Group, Jiangsu Xinde Petroleum Machinery, Shanghai Shenkai, Jiangsu Sanyi Petroleum Equipment, Sandong Metal Industry, Jiangsu Xiongyue, Yangzhou Chicheng Petroleum Machinery, Hebei New Tiehu Petroleum Machinery, Jiangsu Hengxin Petrochemical Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Choke Manifolds Market Report Segments:
The global Choke Manifolds market is segmented on the basis of:
Types
Manual Choke Manifolds, Hydraulic Choke Manifolds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore Wells, Offshore Wells
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- Weir
- National Oilwell Varco
- TSC
- Worldwide Oilfield Machine (WOM)
- UZTEL
- Rongsheng Machinery (CNPC)
- MSP/DRILEX
- Forum Energy Technologies
- AXON Energy Services
- Suzhou Douson
- Alberta Petroleum Industries
- Kerui Petroleum
- Saigao Group
- Jiangsu Xinde Petroleum Machinery
- Shanghai Shenkai
- Jiangsu Sanyi Petroleum Equipment
- Sandong Metal Industry
- Jiangsu Xiongyue
- Yangzhou Chicheng Petroleum Machinery
- Hebei New Tiehu Petroleum Machinery
- Jiangsu Hengxin Petrochemical Machinery
Highlights of The Choke Manifolds Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Choke Manifolds
- Hydraulic Choke Manifolds
- By Application:
- Onshore Wells
- Offshore Wells
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Choke Manifolds Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A choke manifold is a device used in fluid mechanics to control the flow of fluids. It is typically made up of a number of small nozzles that can be closed off to restrict the flow of fluid. This can be useful when you want to control the speed, direction, or volume of a fluid stream.
Some of the key players operating in the choke manifolds market are Schlumberger, Weir, National Oilwell Varco, TSC, Worldwide Oilfield Machine (WOM), UZTEL, Rongsheng Machinery (CNPC), MSP/DRILEX, Forum Energy Technologies, AXON Energy Services, Suzhou Douson, Alberta Petroleum Industries, Kerui Petroleum, Saigao Group, Jiangsu Xinde Petroleum Machinery, Shanghai Shenkai, Jiangsu Sanyi Petroleum Equipment, Sandong Metal Industry, Jiangsu Xiongyue, Yangzhou Chicheng Petroleum Machinery, Hebei New Tiehu Petroleum Machinery, Jiangsu Hengxin Petrochemical Machinery.
The choke manifolds market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Choke Manifolds Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Choke Manifolds Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Choke Manifolds Market - Supply Chain
4.5. Global Choke Manifolds Market Forecast
4.5.1. Choke Manifolds Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Choke Manifolds Market Size (000 Units) and Y-o-Y Growth
4.5.3. Choke Manifolds Market Absolute $ Opportunity
5. Global Choke Manifolds Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Choke Manifolds Market Size and Volume Forecast by Type
5.3.1. Manual Choke Manifolds
5.3.2. Hydraulic Choke Manifolds
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Choke Manifolds Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Choke Manifolds Market Size and Volume Forecast by Application
6.3.1. Onshore Wells
6.3.2. Offshore Wells
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Choke Manifolds Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Choke Manifolds Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Choke Manifolds Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Choke Manifolds Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Choke Manifolds Demand Share Forecast, 2019-2026
9. North America Choke Manifolds Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Choke Manifolds Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Choke Manifolds Market Size and Volume Forecast by Application
9.4.1. Onshore Wells
9.4.2. Offshore Wells
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Choke Manifolds Market Size and Volume Forecast by Type
9.7.1. Manual Choke Manifolds
9.7.2. Hydraulic Choke Manifolds
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Choke Manifolds Demand Share Forecast, 2019-2026
10. Latin America Choke Manifolds Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Choke Manifolds Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Choke Manifolds Market Size and Volume Forecast by Application
10.4.1. Onshore Wells
10.4.2. Offshore Wells
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Choke Manifolds Market Size and Volume Forecast by Type
10.7.1. Manual Choke Manifolds
10.7.2. Hydraulic Choke Manifolds
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Choke Manifolds Demand Share Forecast, 2019-2026
11. Europe Choke Manifolds Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Choke Manifolds Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Choke Manifolds Market Size and Volume Forecast by Application
11.4.1. Onshore Wells
11.4.2. Offshore Wells
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Choke Manifolds Market Size and Volume Forecast by Type
11.7.1. Manual Choke Manifolds
11.7.2. Hydraulic Choke Manifolds
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Choke Manifolds Demand Share, 2019-2026
12. Asia Pacific Choke Manifolds Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Choke Manifolds Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Choke Manifolds Market Size and Volume Forecast by Application
12.4.1. Onshore Wells
12.4.2. Offshore Wells
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Choke Manifolds Market Size and Volume Forecast by Type
12.7.1. Manual Choke Manifolds
12.7.2. Hydraulic Choke Manifolds
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Choke Manifolds Demand Share, 2019-2026
13. Middle East & Africa Choke Manifolds Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Choke Manifolds Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Choke Manifolds Market Size and Volume Forecast by Application
13.4.1. Onshore Wells
13.4.2. Offshore Wells
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Choke Manifolds Market Size and Volume Forecast by Type
13.7.1. Manual Choke Manifolds
13.7.2. Hydraulic Choke Manifolds
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Choke Manifolds Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Choke Manifolds Market: Market Share Analysis
14.2. Choke Manifolds Distributors and Customers
14.3. Choke Manifolds Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Weir
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. National Oilwell Varco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TSC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Worldwide Oilfield Machine (WOM)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. UZTEL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rongsheng Machinery (CNPC)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MSP/DRILEX
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Forum Energy Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AXON Energy Services
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Suzhou Douson
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Alberta Petroleum Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kerui Petroleum
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Saigao Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jiangsu Xinde Petroleum Machinery
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shanghai Shenkai
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jiangsu Sanyi Petroleum Equipment
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sandong Metal Industry
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Jiangsu Xiongyue
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Yangzhou Chicheng Petroleum Machinery
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
