Market Overview:
The global wellhead valve 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 wellhead valve market is segmented on the basis of type, application, and region. On the basis of type, it is divided into manual and automatic valves. The manual valves segment held a major share of this market in 2017 owing to their low cost as compared to automatic valves. However, with technological advancements being made in this field, automatic valves are expected to witness high growth during the forecast period. On the basis of application, it is classified into onshore and offshore applications. The onshore application segment dominated this market in 2017 due its widespread use across various industries such as oil & gas production facilities, refineries & petrochemical plants etc., However; with increasing exploration activities taking place offshore;the offshore application segment is projectedto grow at a higher rate duringthe forecast period .
Product Definition:
A wellhead valve is a valve located on the top of a well. It is used to control the flow of oil or gas from the well.
Manual:
Manual, it's usage and growth factor in Wellhead Valve market? By what name is Manual known.
The manual, also called as the handle or spool valve, is a type of valve used to control fluid flow. It can be opened by turning either one or both of the handles attached to it. The two types of handles used on a manual include male and female (or unisex).
Automatic:
The automatic is a device that controls and monitors the flow of fluids in pipelines. It consists of valves, sensors, and pressure transducers which are used to regulate or control the flow of fluids in wellhead valve market. The most commonly used devices are gate/portal/manual valves, spooling pumps with programmable logic controllers (PLC), and actuators.
Application Insights:
Onshore application led the global wellhead valve market in 2017 and is projected to expand further at a steady CAGR from 2018 to 2030. The growth can be attributed to the increasing number of onshore oil & gas projects across the globe. For instance, as per Wood Mackenzie, there are currently around 54 offshore wells being drilled in South America while over 200 are operating and another 300+ are planned for 2019-2022 timeframe. This trend is expected to continue over the forecast period thereby driving product demand globally.
The offshore segment is anticipated to witness a higher CAGR than that of onshore during the forecast period owing to rising investments by various companies including BP plc, Statoil ASA and Repsol SAB in developing new sources of oil & gas outside traditional areas such as Saudi Arabia, Mexico and Africa which have been dominating production levels for decades now.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., which is one of the most developed countries, has a well-established upstream sector with major companies such as ExxonMobil and Chevron being present across various regions globally. North America is also home to several other oil & gas E&P companies that are actively involved in drilling new wells and developing existing fields for future production levels.
Asia Pacific region is expected to witness significant growth over the forecast period owing to increasing government investments across various countries including China, India, Indonesia and Thailand among others coupled with rising demand from industries such as manufacturing, construction and transportation sectors for more reliable energy supply at affordable prices will drive this regional market forward over the next eight years ending at a CAGR of XX%.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Proliferation of new technologies and products in the wellhead valve market
- Growing number of drilling activities worldwide
- Increasing focus on safety and efficiency in the oil and gas industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Wellhead Valve Market Research Report
By Type
Manual, Automatic
By Application
Onshore, Offshore
By Companies
Schlumberger, BHGE, National Oilwell Varco, Weir Group, Shreeraj Industries, Worldwide Oilfield Machine (WOM), TechnipFMC, American Completion Tools, Kingsa Industries, ITAG International Qatar, Schlumberger, Koran Wellhead Equipment Manufacturer (Kowemco), Aker Solutions, Dril-Quip, Inc, Stream-Flo Industries
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Wellhead Valve Market Report Segments:
The global Wellhead Valve market is segmented on the basis of:
Types
Manual, Automatic
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
- BHGE
- National Oilwell Varco
- Weir Group
- Shreeraj Industries
- Worldwide Oilfield Machine (WOM)
- TechnipFMC
- American Completion Tools
- Kingsa Industries
- ITAG International Qatar
- Schlumberger
- Koran Wellhead Equipment Manufacturer (Kowemco)
- Aker Solutions
- Dril-Quip, Inc
- Stream-Flo Industries
Highlights of The Wellhead Valve 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
- Automatic
- 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 Wellhead Valve 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?
A wellhead valve is a device that controls the flow of water from a well. It is typically located at the top of the well and opens to allow water to flow into or out of the well.
Some of the key players operating in the wellhead valve market are Schlumberger, BHGE, National Oilwell Varco, Weir Group, Shreeraj Industries, Worldwide Oilfield Machine (WOM), TechnipFMC, American Completion Tools, Kingsa Industries, ITAG International Qatar, Schlumberger, Koran Wellhead Equipment Manufacturer (Kowemco), Aker Solutions, Dril-Quip, Inc, Stream-Flo Industries.
The wellhead valve market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wellhead Valve 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 Wellhead Valve Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wellhead Valve 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 Wellhead Valve 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 Wellhead Valve Market Size & Forecast, 2020-2028
4.5.1 Wellhead Valve Market Size and Y-o-Y Growth
4.5.2 Wellhead Valve Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Manual
5.2.2 Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wellhead Valve 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 Wellhead Valve 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Manual
9.6.2 Automatic
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Manual
10.6.2 Automatic
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Manual
11.6.2 Automatic
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Manual
12.6.2 Automatic
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Manual
13.6.2 Automatic
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) 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 Wellhead Valve Market: Competitive Dashboard
14.2 Global Wellhead Valve Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 BHGE
14.3.3 National Oilwell Varco
14.3.4 Weir Group
14.3.5 Shreeraj Industries
14.3.6 Worldwide Oilfield Machine (WOM)
14.3.7 TechnipFMC
14.3.8 American Completion Tools
14.3.9 Kingsa Industries
14.3.10 ITAG International Qatar
14.3.11 Schlumberger
14.3.12 Koran Wellhead Equipment Manufacturer (Kowemco)
14.3.13 Aker Solutions
14.3.14 Dril-Quip, Inc
14.3.15 Stream-Flo Industries
