Market Overview:
The global ram blowout preventer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. In addition, the increasing investment in exploration and production activities is also propelling the demand for ram blowout preventers. Based on type, the global ram blowout preventer market can be segmented into flanged ram blowout preventers and studded ram blowout preventers. Flanged Ram Blow-Out Preventers (FRBOPs) are more popular than studded Ram Blow-Out Preventers (SRBOPs), as they are easier to install and have a longer life span than SRBOPs. FRBOPs accounted for a larger share of the global RAM BOP market in 2017 and this trend is expected to continue during the forecast period as well). Based on application,the global RAM BOPmarket can be divided into onshoreand offshore applications.
Product Definition:
Ram Blowout Preventer is a device used to prevent the uncontrolled release of gas or oil from an oil or gas well. It is a large, cylindrical steel valve that can be quickly activated to close off the well.
Flanged Ram Blowout Preventer:
Flanged Ram Blowout Preventer (BRBP) is a device that prevents the high pressure gas turbine exhaust from blowing out of the combustion chamber. It works by sealing one or more holes in the combustion chamber wall caused by an earlier leak. The BRBP was developed to prevent gas turbine engine failures, which are responsible for significant maintenance costs and loss of life in industries such as oil & gas, power generation, and aerospace.
Studded Ram Blowout Preventer:
The global studded ram blowout preventer market size was valued at USD 1.6 billion in 2015 and is expected to witness significant growth over the forecast period owing to its widespread usage in various applications including upstream oil & gas, LNG, and chemical processing industries. The growing energy demand across the globe coupled with increasing focus on developing alternative sources of energy is anticipated to have a positive impact on industry growth over the next seven years.
Application Insights:
Onshore application dominated the global market in 2017, accounting for over 75% of the overall revenue share. The growth can be attributed to factors such as extensive usage of onshore platforms in Middle East and Africa region. Onshore applications are also used across various regions including North America, Latin America and Europe.
The offshore segment is expected to witness significant growth over the forecast period owing to increasing use of blowout preventers (BOP) at oil & gas production facilities globally. Increasing exploration activities for hydrocarbon deposits beneath the surface of oceans is one of the key drivers fueling demand for BOPs at offshore oil & gas production facilities globally.
Offshore applications include deepwater horizon drilling rig platform supply ships.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant number of drilling activities owing to growing energy demand as well as offshore projects due to availability of hydrocarbon reserves. Furthermore, increasing government spending on infrastructure development coupled with rising exploration and production activities in countries such as China, India, Vietnam, Thailand are anticipated to drive the regional market growth over the forecast period.
North America accounted for a major share in terms of revenue generation owing to high penetration rates of Ram blowout preventers across U.S., Canada and Mexico regions coupled with extensive drilling operations taking place along their coastlines resulting into offshore basins such as Gulf Of Mexico (GOM), Mississippi Sound (MSC) and Hudson Bay (HBC).
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in upstream oil and gas sector
- Proliferation of new exploration and production technologies
- Stringent safety regulations for blowout preventers by regulatory authorities
- Growing awareness about the benefits of Ram Blowout Preventers among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Ram Blowout Preventer Market Research Report
By Type
Flanged Ram Blowout Preventer, Studded Ram Blowout Preventer
By Application
Onshore, Offshore
By Companies
Axon, BHGE, Control Flow, National Oilwell Varco, Schlumberger, Weir Group, Uztel, Weatherford International, Worldwide Oilfield Machine, Jereh Group, BOP Products, Sunnda Corporation
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Ram Blowout Preventer Market Report Segments:
The global Ram Blowout Preventer market is segmented on the basis of:
Types
Flanged Ram Blowout Preventer, Studded Ram Blowout Preventer
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:
- Axon
- BHGE
- Control Flow
- National Oilwell Varco
- Schlumberger
- Weir Group
- Uztel
- Weatherford International
- Worldwide Oilfield Machine
- Jereh Group
- BOP Products
- Sunnda Corporation
Highlights of The Ram Blowout Preventer 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:
- Flanged Ram Blowout Preventer
- Studded Ram Blowout Preventer
- 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 Ram Blowout Preventer 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Ram blowout preventer is a device that is installed on the ram of a vehicle to help prevent air from entering the engine during an accident.
Some of the key players operating in the ram blowout preventer market are Axon, BHGE, Control Flow, National Oilwell Varco, Schlumberger, Weir Group, Uztel, Weatherford International, Worldwide Oilfield Machine, Jereh Group, BOP Products, Sunnda Corporation.
The ram blowout preventer 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. Ram Blowout Preventer 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. Ram Blowout Preventer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ram Blowout Preventer Market - Supply Chain
4.5. Global Ram Blowout Preventer Market Forecast
4.5.1. Ram Blowout Preventer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ram Blowout Preventer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ram Blowout Preventer Market Absolute $ Opportunity
5. Global Ram Blowout Preventer 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. Ram Blowout Preventer Market Size and Volume Forecast by Type
5.3.1. Flanged Ram Blowout Preventer
5.3.2. Studded Ram Blowout Preventer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ram Blowout Preventer 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. Ram Blowout Preventer 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 Ram Blowout Preventer 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. Ram Blowout Preventer 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 Ram Blowout Preventer 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. Ram Blowout Preventer 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 Ram Blowout Preventer Demand Share Forecast, 2019-2026
9. North America Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer Market Size and Volume Forecast by Type
9.7.1. Flanged Ram Blowout Preventer
9.7.2. Studded Ram Blowout Preventer
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 Ram Blowout Preventer Demand Share Forecast, 2019-2026
10. Latin America Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer Market Size and Volume Forecast by Type
10.7.1. Flanged Ram Blowout Preventer
10.7.2. Studded Ram Blowout Preventer
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 Ram Blowout Preventer Demand Share Forecast, 2019-2026
11. Europe Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer Market Size and Volume Forecast by Type
11.7.1. Flanged Ram Blowout Preventer
11.7.2. Studded Ram Blowout Preventer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market ttractiveness/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 Ram Blowout Preventer Demand Share, 2019-2026
12. Asia Pacific Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer Market Size and Volume Forecast by Type
12.7.1. Flanged Ram Blowout Preventer
12.7.2. Studded Ram Blowout Preventer
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 Ram Blowout Preventer Demand Share, 2019-2026
13. Middle East & Africa Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer 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 Ram Blowout Preventer Market Size and Volume Forecast by Type
13.7.1. Flanged Ram Blowout Preventer
13.7.2. Studded Ram Blowout Preventer
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 Ram Blowout Preventer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ram Blowout Preventer Market: Market Share Analysis
14.2. Ram Blowout Preventer Distributors and Customers
14.3. Ram Blowout Preventer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Axon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BHGE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Control Flow
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. National Oilwell Varco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schlumberger
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Weir Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Uztel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Weatherford International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Worldwide Oilfield Machine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jereh Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BOP Products
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sunnda Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
