Tyyfgto150


Introduction


Pressure control equipment

is a set of tools and device that are generally used to

maintain the optimal pressure levels inside a wellbore during

well intervention or workover operations. The pressure control

equipment can withstand arduous conditions which ensure safety

and quality, and minimize risks during drilling. It is used in

number of applications where the pressure needs to be measured,

monitored, and controlled. Rapid implementation of advanced

technology in oilfield equipment on the account of growing

global investment in exploration and production (E&P) is

considered to be key factors influencing the development of

pressure control equipment market.


Pressure Control Equipment Market – Notable Developments
Some of the leading players operating in the pressure control

equipment market are Schlumberger, GKD Industries, Integrated

Equipment, Brace Tool, Hunting, TIS Manufacturing, Baker Hughes,

a GE company (BHGE), National Oilwell Varco, Weatherford

International, The IKM Group, FHE USA, Control Flow, Lee

Specialties, The Weir Group, IoT Group, and others.


In February 2019, Schlumberger and Rockwell Automation, one of

the largest companies dedicated to industrial automation and

information, entered into an agreement to form a joint venture

called Sensia, the first fully-integrated provider of digital

oilfield automation solutions. Additionally, it created a JV –

OneStim with Weatherford International, PLC in March 2017 to

offer unconventional resource plays’ products and services to

their customers in the U.S. and Canada.


In September 2018, Baker Hughes, a GE company (BHGE), a key

player of pressure control equipment market, was awarded an

integrated services contract by Saudi Aramco for its Marjan

Oilfield. Under the contract’s terms the company provided

drilling services, drilling fluids engineering services, and

coiled tubing services in Marjan. BHGE also received a similar

contract from Equinor in June 2018 to support the petroleum

company’s large proportion of drilling and well construction

activities in the North Sea’s Norwegian sector.


Pressure Control Equipment Market Dynamics


Increasing demand for hydrocarbons, which serve as a key

source of global energy supply, has brought a significant

transformation in oil and industry in various regions across the

globe. Such transformation has led to advances in well drilling

technologies and adoption of a variety of equipment including

pressure control equipment which measures, monitor, and control

the fluid pressure.


Surging demand for oil and gas equipment along with the rising

need for higher safety norms by well drilling contractors is

expected to accelerate the growth of

slikline

pressure control equipment
market. In addition, increasing

requirements of special instruments and materials in high

pressure and high temperature wells will possibly push the

demand for pressure control equipment.



North America to Contribute Substantial Growth to



Pressure Control Equipment
Market


Leading players foresee North America as a lucrative region

for pressure control equipment market, due to increase in

deepwater drilling activities in the region. Continued focus on

unconventional sources and shale plays on the coattails of

various technological innovations and developments is

anticipated to drive the pressure control equipment market in

the developed countries of North America such as the U.S. and

Canada. Further, surge in unconventional hydrocarbon production

in the region has been envisaged to complement the future

expansion of pressure control equipment market.

While increasing capital spending by leading companies in North

America will continue to propel the market growth, factors such

as lack of expertise, failure in drilling rig activities, and

limited exposure to technologies may influence passive growth of

pressure control equipment market.

The study presents reliable qualitative and quantitative

insights into:
Pressure control equipment market segments and sub-segments
Pressure control equipment market trends and dynamics
Supply and demand chain of the pressure control equipment market
Pressure control equipment market valuation (revenue and/or

volume)
Key trends/opportunities/challenges in pressure control

equipment market
Forces defining present and estimated future state of the

competitive landscape


Technological developments in the market of pressure control

equipment, including

pressure control stack for coiled tubing


Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K., Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)Japan

Middle East and Africa (GCC Countries, S. Africa, Northern

Africa)
The vast market research data included in the study is the

result of extensive primary and secondary research activities.

Surveys, personal interviews, and inputs from industry experts

form the crux of primary research activities and data collected

from trade journals, industry databases, and reputable paid

sources form the basis of secondary research.


The pressure control equipment market report also includes a

detailed qualitative and quantitative analysis of the market,

with the help of information collected from market participants

operating across key sectors of the market value chain. A

separate analysis of macro- and micro-economic aspects,

regulations, and trends influencing the overall development of

the market is also included in the report.



Highlights of the report:
A detailed analysis of key segments of the pressure control

equipment market

Recent developments in the pressure control equipment market’s

competitive landscape
Detailed analysis of pressure control equipment market segments

up to second or third level of segmentation

Historical, current, and projected future valuation of the

pressure control equipment market in terms of revenue and/or

volume

Key business strategies adopted by influential pressure control

equipment market vendors

Outline of the regulatory framework surrounding and governing

numerous aspects of the pressure control equipment market
Growth opportunities in emerging and established pressure

control equipment markets

Recommendations to pressure control equipment market players to

stay ahead of the competition.

Pressure Control Equipment Market Segmentation
On the basis of type, the pressure control equipment market can

be segmented into:

Low Pressure (Below 10,000 PSI)
High Pressure (Above 10,000 PSI)
On the basis of application, the pressure control equipment

market can be segmented into:
Onshore
Offshore
On the basis of component, the pressure control equipment market

can be segmented into:

Valves
Wellhead Flange
Adapter Flange
Control Head
Christmas Tree (Flow Tree)
Quick Unions
Others

  • Created: 10-12-21
  • Last Login: 10-12-21

Send Message


aponrooms@gmail.com

Please send us an email to book your hotel room.

Share

Recently searched