Market Overview:
The global blowout preventer (BOP) equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing investment in mining and construction activities is also propelling the growth of this market. The blowout preventer (BOP) equipment market can be segmented on the basis of type, application, and region. On the basis of type, the BOP equipment market can be divided into up to 2,500 lbs., 2,500-5,500 lbs., 8,000 - 12000 lbs., and more than 13000 lbs. The up-to-2 500lbs segment is projected to grow at a CAGR of 5%, while that for 8 000 – 12 000lbs segment is estimated to grow at a CAGR 6%. On account if application; mining an construction accounted for majority share in 2017 owing ti he increase in infrastructural development activities globally . However ,the oil an gas sector would witness highest growth during th e forecast period as it witnesses continuous investments due t o rising demand f or energy resources .
 Equipment Industry Outlook.svg)
Product Definition:
A blowout preventer (BOP) is a large, specialized valve that is used to seal off an oil or gas well in the event of a blowout. A BOP can be used either on the surface or downhole. The main purpose of a BOP is to prevent uncontrolled releases of oil and gas from wells.
Up to 2,500 LBS:
Up to 2,500 LBS is used in various applications such as airbags, seat belt extenders and load limiters. It is also used in BOP equipment due to its ability to reduce the force of a blowout preventer (BOP) being deployed by up to 50% when compared with steel-based BOPs.
2,500-5,500 LBS:
The 2,500-5,500 LBS weight range is mainly used in the BOP equipment market. The blowout preventers are used to control and monitor the well pressure. They are installed at regular intervals along with the drilling pipes to control and monitor the pressure in wells.
Application Insights:
The application segment is segregated into mining and construction, marine, oil and gas, power generation and others. In 2017, the mining and construction sector dominated the market with a share of over 40% in terms of demand. The growth can be attributed to increased focus on safety during excavation activities for coal or metal resources. Blowout preventers are also required by law for offshore oil & gas exploration activities since they provide protection against uncontrolled release of pressure in case a well blowout occurs.
Regional Analysis:
North America was the largest regional market for blowout preventers and accounted for a share of more than 30.0% in 2017. The U.S., being the most industrialized nation, has witnessed numerous oil field failures over the years which have resulted in significant damage to both production facilities as well as pipelines across various states including Texas, Louisiana, Mississippi, Oklahoma and Colorado among others.
The increasing number of offshore wells in North America is expected to drive BOP equipment demand owing to its growing use in drilling operations for preventing blowouts along with maintaining control valves onshore fields across Canada and Mexico over the forecast period.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in exploration and production activities of oil and gas
- Proliferation of deepwater drilling activities
- Stringent safety regulations for offshore drilling operations
- Technological advancements in blowout preventer equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Blowout Preventer (BOP) Equipment Market Research Report
By Type
Up to 2,500 LBS, 2,500-5,500 LBS, 8,000 - 12,000 LBS, More than 13,000 LBS
By Application
Mining and Construction, Marine, Oil and Gas
By Companies
GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX, Jiangsu Xinde, Fountain Petro, GE Oil & Gas, GCOP, Jiangsu Jinshi, Well Control, Shenkai, NETS, Yantai Jereh Petroleum Equipment & Technologies
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Blowout Preventer (BOP) Equipment Market Report Segments:
The global Blowout Preventer (BOP) Equipment market is segmented on the basis of:
Types
Up to 2,500 LBS, 2,500-5,500 LBS, 8,000 - 12,000 LBS, More than 13,000 LBS
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
Mining and Construction, Marine, Oil and Gas
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
- GE Oil & Gas
- GCOP
- Jiangsu Jinshi
- Well Control
- Shenkai
- NETS
- Yantai Jereh Petroleum Equipment & Technologies
 Equipment Market Overview.svg)
Highlights of The Blowout Preventer (BOP) Equipment 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:
- Up to 2,500 LBS
- 2,500-5,500 LBS
- 8,000 - 12,000 LBS
- More than 13,000 LBS
- By Application:
- Mining and Construction
- Marine
- Oil and Gas
- 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 Blowout Preventer (BOP) Equipment 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Equipment Market Statistics.svg)
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?
Blowout Preventer (BOP) equipment is a type of safety device used to prevent gas and oil from escaping from a well during drilling or production. The BOP system consists of two parts: the blowout preventer (BOP) unit, which is lowered into the well to seal off the opening in the drill pipe; and the surface control system, which monitors conditions underground and sends signals to operators if there is a potential for an uncontrolled release.
Some of the key players operating in the blowout preventer (bop) equipment market are GE Oil & Gas, Cameron, National Oilwell Varco, Uztel, Rongsheng Machinery, Halliburton, OJSC NaftaGaz, MSP/DRILEX, Jiangsu Xinde, Fountain Petro, GE Oil & Gas, GCOP, Jiangsu Jinshi, Well Control, Shenkai, NETS, Yantai Jereh Petroleum Equipment & Technologies.
The blowout preventer (bop) equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size & Forecast, 2018-2028
4.5.1 Blowout Preventer (BOP) Equipment Market Size and Y-o-Y Growth
4.5.2 Blowout Preventer (BOP) Equipment Market Absolute $ Opportunity
Chapter 5 Global Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size Forecast by Type
5.2.1 Up to 2
5.2.2 500 LBS
5.2.3 2
5.2.4 500-5
5.2.5 500 LBS
5.2.6 8
5.2.7 000 - 12
5.2.8 000 LBS
5.2.9 More than 13
5.2.10 000 LBS
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size Forecast by Applications
6.2.1 Mining and Construction
6.2.2 Marine
6.2.3 Oil and Gas
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size Forecast by Type
9.6.1 Up to 2
9.6.2 500 LBS
9.6.3 2
9.6.4 500-5
9.6.5 500 LBS
9.6.6 8
9.6.7 000 - 12
9.6.8 000 LBS
9.6.9 More than 13
9.6.10 000 LBS
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 Blowout Preventer (BOP) Equipment Market Size Forecast by Applications
9.10.1 Mining and Construction
9.10.2 Marine
9.10.3 Oil and Gas
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 Blowout Preventer (BOP) Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size Forecast by Type
10.6.1 Up to 2
10.6.2 500 LBS
10.6.3 2
10.6.4 500-5
10.6.5 500 LBS
10.6.6 8
10.6.7 000 - 12
10.6.8 000 LBS
10.6.9 More than 13
10.6.10 000 LBS
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 Blowout Preventer (BOP) Equipment Market Size Forecast by Applications
10.10.1 Mining and Construction
10.10.2 Marine
10.10.3 Oil and Gas
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 Blowout Preventer (BOP) Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size Forecast by Type
11.6.1 Up to 2
11.6.2 500 LBS
11.6.3 2
11.6.4 500-5
11.6.5 500 LBS
11.6.6 8
11.6.7 000 - 12
11.6.8 000 LBS
11.6.9 More than 13
11.6.10 000 LBS
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 Blowout Preventer (BOP) Equipment Market Size Forecast by Applications
11.10.1 Mining and Construction
11.10.2 Marine
11.10.3 Oil and Gas
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 Blowout Preventer (BOP) Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Blowout Preventer (BOP) Equipment 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 Blowout Preventer (BOP) Equipment Market Size Forecast by Type
12.6.1 Up to 2
12.6.2 500 LBS
12.6.3 2
12.6.4 500-5
12.6.5 500 LBS
12.6.6 8
12.6.7 000 - 12
12.6.8 000 LBS
12.6.9 More than 13
12.6.10 000 LBS
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 Blowout Preventer (BOP) Equipment Market Size Forecast by Applications
12.10.1 Mining and Construction
12.10.2 Marine
12.10.3 Oil and Gas
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) Blowout Preventer (BOP) Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blowout Preventer (BOP) Equipment 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) Blowout Preventer (BOP) Equipment Market Size Forecast by Type
13.6.1 Up to 2
13.6.2 500 LBS
13.6.3 2
13.6.4 500-5
13.6.5 500 LBS
13.6.6 8
13.6.7 000 - 12
13.6.8 000 LBS
13.6.9 More than 13
13.6.10 000 LBS
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) Blowout Preventer (BOP) Equipment Market Size Forecast by Applications
13.10.1 Mining and Construction
13.10.2 Marine
13.10.3 Oil and Gas
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 Blowout Preventer (BOP) Equipment Market: Competitive Dashboard
14.2 Global Blowout Preventer (BOP) Equipment 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 GE Oil & Gas
14.3.12 GCOP
14.3.13 Jiangsu Jinshi
14.3.14 Well Control
14.3.15 Shenkai
14.3.16 NETS
14.3.17 Yantai Jereh Petroleum Equipment & Technologies
