Market Overview:
The global pressure control equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing exploration and production activities in offshore areas are also contributing to the growth of this market. The global pressure control equipment market is segmented on the basis of type, application, and region. On the basis of type, it is divided into valves, control heads, quick unions, wellhead flanges, and other components. The valves segment accounts for a major share of this market owing to their wide usage in various applications such as onshore and offshore segments. Based on application, it is classified into onshore and offshore segments. The onshore segment dominates this market due to high demand from developed countries such as U S.
Product Definition:
The term pressure control equipment generally refers to devices or systems used to maintain a desired pressure in a process or system. Pressure control is important because it can affect the quality and safety of the product being produced, as well as the reliability of the process.
Valves:
Valves are used in pressure control equipment for switching and controlling the flow of liquids, gases or fluids in pipes or tubes. They are also used to direct the flow of air, steam and other gases through a system. The basic function of valves is to allow some amount of fluid (gas, liquid or matter) through an opening into another part of the system while maintaining a set pressure differential between two areas in the same system.
Control Heads:
Control heads are used in pressure control equipment to regulate the flow of a fluid. They are also known as regulating valves, and their function is similar to that of a valve except that they can be switched on and off according to requirements. Control heads can be manual or automatic in operation; however, they have no effect on the pressure loss if installed without associated devices such as controllers or pumps.
The global market for control heads.
Application Insights:
Onshore application dominated the global market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to an increase in onshore oil & gas activities across various regions, including Middle East and Africa, North America and Europe. Furthermore, technological advancements coupled with growing demand for crude oil are expected to drive industry expansion over the forecast period.
The offshore segment is anticipated to witness significant growth during the study period owing to an increase in production activities of liquid hydrocarbons such as natural gas and petroleum products from offshore fields across various regions including Latin America Pacific Ocean region. Technological advancements coupled with a rise in demand for pressure control equipment from major players operating off shore are expected fuel industry expansion over the forecast period (2018-2030).
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The U.S., in particular, is one of the major countries that have adopted this technology on a large scale owing to its vast shale gas reserves and enhanced oil recovery capabilities with pressure control equipment.
The Asia Pacific regional market accounted for over 20% of the overall revenue share in 2017 and is estimated to witness significant growth over the next eight years owing to increasing government investments in offshore projects along with growing demand for enhanced oil recovery techniques from several mature fields across China, India, Indonesia, Malaysia and Thailand among other countries within this region.
Growth Factors:
- Increasing demand for pressure control equipment in the oil and gas industry to meet the rising production needs.
- Growing investments in exploration and production activities across the globe.
- Rising demand for pressure control equipment from end-use industries such as power, chemical, and petrochemical to cater to the growing needs of these industries.
- Technological advancements in pressure control equipment that are helping reduce downtime and improve safety measures across various industrial sectors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pressure Control Equipment Market Research Report
By Type
Valves, Control Heads, Quick Unions, Wellhead Flanges, Other
By Application
Onshore, Offshore
By Companies
Schlumberger, Weatherford International, National Oilwell Varco, GE(Baker Hughes), The Weir Group, Tis Manufacturing, Lee SPECialties, Hunting, Control Flow, Brace Tool, Schlumberger
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Pressure Control Equipment Market Report Segments:
The global Pressure Control Equipment market is segmented on the basis of:
Types
Valves, Control Heads, Quick Unions, Wellhead Flanges, Other
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, Offshore
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
- Weatherford International
- National Oilwell Varco
- GE(Baker Hughes)
- The Weir Group
- Tis Manufacturing
- Lee SPECialties
- Hunting
- Control Flow
- Brace Tool
- Schlumberger
Highlights of The Pressure Control 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:
- Valves
- Control Heads
- Quick Unions
- Wellhead Flanges
- Other
- By Application:
- Onshore
- Offshore
- 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 Pressure Control 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
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?
Pressure control equipment is a system that helps maintain the desired pressure in a pipeline. This can be done by controlling the flow of gas, oil, or water through the pipeline.
Some of the major companies in the pressure control equipment market are Schlumberger, Weatherford International, National Oilwell Varco, GE(Baker Hughes), The Weir Group, Tis Manufacturing, Lee SPECialties, Hunting, Control Flow, Brace Tool, Schlumberger.
The pressure control 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 Pressure Control 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 Pressure Control Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pressure Control 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 Pressure Control 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 Pressure Control Equipment Market Size & Forecast, 2018-2028
4.5.1 Pressure Control Equipment Market Size and Y-o-Y Growth
4.5.2 Pressure Control Equipment Market Absolute $ Opportunity
Chapter 5 Global Pressure Control 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 Pressure Control Equipment Market Size Forecast by Type
5.2.1 Valves
5.2.2 Control Heads
5.2.3 Quick Unions
5.2.4 Wellhead Flanges
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pressure Control 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 Pressure Control Equipment Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pressure Control 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 Pressure Control 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 Pressure Control Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Pressure Control 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 Pressure Control Equipment Market Size Forecast by Type
9.6.1 Valves
9.6.2 Control Heads
9.6.3 Quick Unions
9.6.4 Wellhead Flanges
9.6.5 Other
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 Pressure Control Equipment Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
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 Pressure Control Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Pressure Control 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 Pressure Control Equipment Market Size Forecast by Type
10.6.1 Valves
10.6.2 Control Heads
10.6.3 Quick Unions
10.6.4 Wellhead Flanges
10.6.5 Other
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 Pressure Control Equipment Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
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 Pressure Control Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pressure Control 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 Pressure Control Equipment Market Size Forecast by Type
11.6.1 Valves
11.6.2 Control Heads
11.6.3 Quick Unions
11.6.4 Wellhead Flanges
11.6.5 Other
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 Pressure Control Equipment Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
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 Pressure Control Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Pressure Control 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 Pressure Control Equipment Market Size Forecast by Type
12.6.1 Valves
12.6.2 Control Heads
12.6.3 Quick Unions
12.6.4 Wellhead Flanges
12.6.5 Other
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 Pressure Control Equipment Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
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) Pressure Control Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pressure Control 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) Pressure Control Equipment Market Size Forecast by Type
13.6.1 Valves
13.6.2 Control Heads
13.6.3 Quick Unions
13.6.4 Wellhead Flanges
13.6.5 Other
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) Pressure Control Equipment Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
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 Pressure Control Equipment Market: Competitive Dashboard
14.2 Global Pressure Control Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Weatherford International
14.3.3 National Oilwell Varco
14.3.4 GE(Baker Hughes)
14.3.5 The Weir Group
14.3.6 Tis Manufacturing
14.3.7 Lee SPECialties
14.3.8 Hunting
14.3.9 Control Flow
14.3.10 Brace Tool
14.3.11 Schlumberger
