Market Overview:
The global annular blowout preventer (BOP) market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018-2030), reaching a value of US$XX Mn by 2030. The market is segmented on the basis of type, application and region.
 Industry Outlook.svg)
Product Definition:
An annular blowout preventer (BOP) is a device used to seal a wellhead in the event of a blowout. The annular BOP is the most common type of BOP and consists of two metal plates that clamp around the wellhead.
Working pressure
The working pressure of the annular blowout preventer is the maximum internal pressure that can be achieved in an annulus between two concentric pipes. The working pressure is used to measure the efficiency of a BOP and it depends on various factors such as type of pipe, material, installation condition and other operating conditions.
In general, high strength steel piping with good welds are preferred for BOP installation. Steel piping having a thickness less than or equal to 0.
Working pressure
The working pressure of annular blowout preventers is the internal pressure within an annulus or ring-shaped structure formed by two concentric tubes. The inner tube is smaller in diameter than the outer one and acts as a seal to keep out the atmosphere.
Application Insights:
Onshore wells application led the global annular blowout preventer (BOP) market in 2017, accounting for over 65.0% of the total revenue share. The segment is projected to witness significant growth during the forecast period owing to rising number of onshore oil and gas projects across various regions including Asia Pacific, North America and Europe. In addition, growing demand for cost-effective solutions that are capable of handling high pressure is expected to drive product demand over the next seven years from 2018 to 2030.
The offshore wells application segment was valued at USD 1,252 million in 2017 owing to increasing utilization of BOPs in deepwater exploration activities across various regions including Latin America.
Regional Analysis:
Asia Pacific dominated the global annular blowout preventer market in 2016 and is expected to continue over the forecast period. The presence of large number of oil & gas E&P companies coupled with growing exploration activities in this region is one of the major factors responsible for its dominance. Furthermore, increasing offshore drilling activities are also anticipated to drive regional growth over the forecast period.
The North America BOP market was valued at USD X million in 2016 and is projected to grow at a CAGR of XX% from 2017 to 2030 owing to high demand for efficient well control measures from onshore as well as offshore wells due to increased risk associated with these operations. In addition, rising shale boom has led rig operators/service providers toward using annular blowout preventers (BOPs) for enhanced safety standards which will further boost regional growth during the forecast period.
Europe held a significant share in 2016 owing both onshore.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investment in exploration and production activities of oil and gas
- Technological advancements in Annular Blowout Preventer(BOP) market
- Growing number of drilling rigs across the world
- Rising awareness about safety measures in drilling industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Annular Blowout Preventer(BOP) Market Research Report
By Type
Working pressure<10,000 psi, Working pressure<5,000 psi
By Application
Onshore Wells, Offshore Wells
By Companies
GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX, Jiangsu Xinde, Fountain Petro, Control Flow, GCOP, Jiangsu Jinshi, Well Control, Shenkai, NETS
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Annular Blowout Preventer(BOP) Market Report Segments:
The global Annular Blowout Preventer(BOP) market is segmented on the basis of:
Types
Working pressure<10,000 psi, Working pressure<5,000 psi
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:
- GE Oil & Gas
- Cameron
- National Oilwell Varco
- Uztel
- Rongsheng Machinery
- Halliburton
- OJSC NaftaGaz
- MSP/DRILEX
- Jiangsu Xinde
- Fountain Petro
- Control Flow
- GCOP
- Jiangsu Jinshi
- Well Control
- Shenkai
- NETS
 Market Overview.svg)
Highlights of The Annular Blowout Preventer(BOP) 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:
- Working pressure<10,000 psi
- Working pressure<5,000 psi
- 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 Annular Blowout Preventer(BOP) 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
An annular blowout preventer is a device that is inserted into the wellhead of a well to prevent an annular blowout.
Some of the major companies in the annular blowout preventer(bop) market are GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX, Jiangsu Xinde, Fountain Petro, Control Flow, GCOP, Jiangsu Jinshi, Well Control, Shenkai, NETS.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Annular Blowout Preventer(BOP) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Annular Blowout Preventer(BOP) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Annular Blowout Preventer(BOP) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Annular Blowout Preventer(BOP) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Annular Blowout Preventer(BOP) Market Size & Forecast, 2018-2028
4.5.1 Annular Blowout Preventer(BOP) Market Size and Y-o-Y Growth
4.5.2 Annular Blowout Preventer(BOP) Market Absolute $ Opportunity
Chapter 5 Global Annular Blowout Preventer(BOP) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Annular Blowout Preventer(BOP) Market Size Forecast by Type
5.2.1 Working pressure<10
5.2.2 000 psi
5.2.3 Working pressure<5
5.2.4 000 psi
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Annular Blowout Preventer(BOP) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Annular Blowout Preventer(BOP) Market Size Forecast by Applications
6.2.1 Onshore Wells
6.2.2 Offshore Wells
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Annular Blowout Preventer(BOP) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Annular Blowout Preventer(BOP) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Annular Blowout Preventer(BOP) Analysis and Forecast
9.1 Introduction
9.2 North America Annular Blowout Preventer(BOP) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Annular Blowout Preventer(BOP) Market Size Forecast by Type
9.6.1 Working pressure<10
9.6.2 000 psi
9.6.3 Working pressure<5
9.6.4 000 psi
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Annular Blowout Preventer(BOP) Market Size Forecast by Applications
9.10.1 Onshore Wells
9.10.2 Offshore Wells
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Annular Blowout Preventer(BOP) Analysis and Forecast
10.1 Introduction
10.2 Europe Annular Blowout Preventer(BOP) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Annular Blowout Preventer(BOP) Market Size Forecast by Type
10.6.1 Working pressure<10
10.6.2 000 psi
10.6.3 Working pressure<5
10.6.4 000 psi
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Annular Blowout Preventer(BOP) Market Size Forecast by Applications
10.10.1 Onshore Wells
10.10.2 Offshore Wells
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Annular Blowout Preventer(BOP) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Annular Blowout Preventer(BOP) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Annular Blowout Preventer(BOP) Market Size Forecast by Type
11.6.1 Working pressure<10
11.6.2 000 psi
11.6.3 Working pressure<5
11.6.4 000 psi
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Annular Blowout Preventer(BOP) Market Size Forecast by Applications
11.10.1 Onshore Wells
11.10.2 Offshore Wells
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Annular Blowout Preventer(BOP) Analysis and Forecast
12.1 Introduction
12.2 Latin America Annular Blowout Preventer(BOP) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Annular Blowout Preventer(BOP) Market Size Forecast by Type
12.6.1 Working pressure<10
12.6.2 000 psi
12.6.3 Working pressure<5
12.6.4 000 psi
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Annular Blowout Preventer(BOP) Market Size Forecast by Applications
12.10.1 Onshore Wells
12.10.2 Offshore Wells
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Annular Blowout Preventer(BOP) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Annular Blowout Preventer(BOP) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Annular Blowout Preventer(BOP) Market Size Forecast by Type
13.6.1 Working pressure<10
13.6.2 000 psi
13.6.3 Working pressure<5
13.6.4 000 psi
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Annular Blowout Preventer(BOP) Market Size Forecast by Applications
13.10.1 Onshore Wells
13.10.2 Offshore Wells
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Annular Blowout Preventer(BOP) Market: Competitive Dashboard
14.2 Global Annular Blowout Preventer(BOP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Oil & Gas
14.3.2 Cameron
14.3.3 National Oilwell Varco
14.3.4 Uztel
14.3.5 Rongsheng Machinery
14.3.6 Halliburton
14.3.7 OJSC NaftaGaz
14.3.8 MSP/DRILEX
14.3.9 Jiangsu Xinde
14.3.10 Fountain Petro
14.3.11 Control Flow
14.3.12 GCOP
14.3.13 Jiangsu Jinshi
14.3.14 Well Control
14.3.15 Shenkai
14.3.16 NETS
