Market Overview:
The global oil and gas 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. In addition, the growing exploration and production activities in offshore areas are also contributing to the growth of this market. The high pressure (above 10,000 psi) control equipment segment is expected to grow at a CAGR of 6% from 2018 to 2030, while the low pressure (below 10,000 psi) control equipment segment is projected to grow at a CAGR of 4% during the same period. The onshore application segment is expected to dominate this market during the forecast period, followed by offshore applications. North America dominates this market with a share of more than 30%, followed by Europe and Asia Pacific respectively.
Product Definition:
Oil and gas pressure control equipment is used to maintain the desired pressure in a pipeline or system. The equipment can be used to adjust the pressure, or to prevent surges in the system.
High Pressure (Above 10,000 psi) Control Equipment:
High pressure control equipment is used to regulate the high-pressure oil and gas flow in a well. The most commonly used equipment for this purpose are valves, gates, plugs, and lines. High pressure control (HPC) valve is an important piece of equipment that helps in managing the high-pressure oil flow from reservoir to production facilities by controlling its injection into wellbore or reservoir channel.
Low Pressure (Below 10,000 psi) Control Equipment:
Low pressure control equipment is used to monitor and maintain the desired low pressure in oil and gas wells. The equipment includes a variety of devices such as guages, valves, alarms, etc. that are required to be installed at the source of injection or production (injection point or wellhead).
The global market for low-pressure control equipment was valued at USD 1.6 billion in 2016.
Application Insights:
Onshore application dominated the global oil and gas pressure control equipment market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to maintain its dominance over the forecast period owing to increasing onshore exploration activities in North America and Europe. In addition, growing demand for crude oil within Onshore facilities as well as from Offshore platforms is anticipated to boost product demand over the next seven years.
The offshore segment is projected to witness significant growth during this period owing to rapid expansion of existing offshore production facilities mainly in Saudi Arabia, Russia, China and Brazil coupled with upcoming projects in Norway, South Korea and Malaysia among others. This growth has resulted in an increased need for high-pressure pumps which can withstand harsh conditions prevailing at sea depths greater than 3 kilometers below surface level where temperatures hover around freezing point.
Regional Analysis:
North America was the dominant regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030 owing to the presence of major oilfield service companies such as Halliburton, Schlumberger, and TechnipFMC. The U.S. is expected to be the key revenue contributor in North America region over the forecast period owing to increasing shale gas exploration activities coupled with stringent government regulations for reducing carbon emission caused by pressure reduction equipment operation.
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rising investment in oil and gas exploration and production
- Technological advancements in pressure control equipment
- Growing demand for unconventional sources of energy
- Stringent environmental regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Pressure Control Equipment Market Research Report
By Type
High Pressure (Above 10,000 psi) Control Equipment, Low Pressure (Below 10,000 psi) Control Equipment
By Application
Onshore, Offshore
By Companies
Schlumberger, Weatherford International, National Oilwell Varco, Baker Hughe (GE), Weir Group, Tis Manufacturing, Lee SPECialties, Hunting, Control Flow, Brace Tool, Fhe, Integrated Equipment, The Ikm Group, GKD Industries, IoT Group
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Pressure Control Equipment Market Report Segments:
The global Oil and Gas Pressure Control Equipment market is segmented on the basis of:
Types
High Pressure (Above 10,000 psi) Control Equipment, Low Pressure (Below 10,000 psi) Control Equipment
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
- Baker Hughe (GE)
- Weir Group
- Tis Manufacturing
- Lee SPECialties
- Hunting
- Control Flow
- Brace Tool
- Fhe
- Integrated Equipment
- The Ikm Group
- GKD Industries
- IoT Group
Highlights of The Oil and Gas 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:
- High Pressure (Above 10,000 psi) Control Equipment
- Low Pressure (Below 10,000 psi) Control Equipment
- 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 Oil and Gas 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?
Oil and gas pressure control equipment is used to maintain the desired oil or gas pressure in a pipeline.
Some of the major players in the oil and gas pressure control equipment market are Schlumberger, Weatherford International, National Oilwell Varco, Baker Hughe (GE), Weir Group, Tis Manufacturing, Lee SPECialties, Hunting, Control Flow, Brace Tool, Fhe, Integrated Equipment, The Ikm Group, GKD Industries, IoT Group.
The oil and gas pressure control equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and Gas Pressure Control Equipment 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. Oil and Gas Pressure Control Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil and Gas Pressure Control Equipment Market - Supply Chain
4.5. Global Oil and Gas Pressure Control Equipment Market Forecast
4.5.1. Oil and Gas Pressure Control Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil and Gas Pressure Control Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil and Gas Pressure Control Equipment Market Absolute $ Opportunity
5. Global Oil and Gas Pressure Control Equipment 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. Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Type
5.3.1. High Pressure (Above 10,000 psi) Control Equipment
5.3.2. Low Pressure (Below 10,000 psi) Control Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil and Gas Pressure Control Equipment 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. Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil and Gas Pressure Control Equipment 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. Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment 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. Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment Demand Share Forecast, 2019-2026
9. North America Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Type
9.7.1. High Pressure (Above 10,000 psi) Control Equipment
9.7.2. Low Pressure (Below 10,000 psi) Control Equipment
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 Oil and Gas Pressure Control Equipment Demand Share Forecast, 2019-2026
10. Latin America Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Type
10.7.1. High Pressure (Above 10,000 psi) Control Equipment
10.7.2. Low Pressure (Below 10,000 psi) Control Equipment
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 Oil and Gas Pressure Control Equipment Demand Share Forecast, 2019-2026
11. Europe Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Type
11.7.1. High Pressure (Above 10,000 psi) Control Equipment
11.7.2. Low Pressure (Below 10,000 psi) Control Equipment
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 Oil and Gas Pressure Control Equipment Demand Share, 2019-2026
12. Asia Pacific Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Type
12.7.1. High Pressure (Above 10,000 psi) Control Equipment
12.7.2. Low Pressure (Below 10,000 psi) Control Equipment
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 Oil and Gas Pressure Control Equipment Demand Share, 2019-2026
13. Middle East & Africa Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment 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 Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil and Gas Pressure Control Equipment Market Size and Volume Forecast by Type
13.7.1. High Pressure (Above 10,000 psi) Control Equipment
13.7.2. Low Pressure (Below 10,000 psi) Control Equipment
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 Oil and Gas Pressure Control Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil and Gas Pressure Control Equipment Market: Market Share Analysis
14.2. Oil and Gas Pressure Control Equipment Distributors and Customers
14.3. Oil and Gas Pressure Control Equipment 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. Weatherford International
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. Baker Hughe (GE)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weir Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tis Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lee SPECialties
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hunting
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Control Flow
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Brace Tool
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fhe
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Integrated Equipment
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. The Ikm Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. GKD Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. IoT Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook