Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Oil and Gas Pressure Control Equipment Market by Type (High Pressure (Above 10,000 psi) Control Equipment, Low Pressure (Below 10,000 psi) Control Equipment), By Application (Onshore, Offshore) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Oil and Gas Pressure Control Equipment Market by Type (High Pressure (Above 10,000 psi) Control Equipment, Low Pressure (Below 10,000 psi) Control Equipment), By Application (Onshore, Offshore) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 204245 3300 Machinery & Equipment 377 246 Pages 5 (31)
                                          

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.


Global Oil and Gas Pressure Control Equipment Industry Outlook


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:

  1. Schlumberger
  2. Weatherford International
  3. National Oilwell Varco
  4. Baker Hughe (GE)
  5. Weir Group
  6. Tis Manufacturing
  7. Lee SPECialties
  8. Hunting
  9. Control Flow
  10. Brace Tool
  11. Fhe
  12. Integrated Equipment
  13. The Ikm Group
  14. GKD Industries
  15. IoT Group

Global Oil and Gas Pressure Control Equipment Market Overview


Highlights of The Oil and Gas Pressure Control Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High Pressure (Above 10,000 psi) Control Equipment
    2. Low Pressure (Below 10,000 psi) Control Equipment
  1. By Application:

    1. Onshore
    2. Offshore
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Oil and Gas Pressure Control Equipment Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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