Industry: Machinery & Equipment
Published Date: 2024-01-06
Pages: 135 Pages
Report ld: 2160098
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Blowout Preventer Market Size(US$)

CAGR 2024-2030
1.1%
Market Size,2030
USD 9,795.4
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Blowout Preventer (BOP) is a safety device used to "prevent" the uncontrolled flow of liquids and gases during well drilling operations.
Blowout preventers are large, high-pressure valves that are capable of being remotely controlled. When the driller closes the valve, a pressure-tight seal is formed at the top of the well, preventing the fluids from escaping. There are two major types of Blowout Preventers, Annular BOP and Ram BOP. Annular BOPs are usually mounted to the very top of the BOP stack. The drilling crew then mounts two, three, or four RAM BOPs below the Annular preventer. If a kick is detected, the annular is usually closed first and then the RAM is used as a backup if the Annular should fail.
Blowout preventers are used on land wells, offshore rigs, and subsea wells. Land and subsea BOPs are secured to the top of the wellbore, known as the wellhead. BOPs on offshore rigs are mounted below the rig deck. Subsea BOPs are connected to the offshore rig above by a drilling riser that provides a continuous pathway for the drill string and fluids emanating from the wellbore.
The global market for Blowout Preventer was estimated to be worth US$ 9064.9 million in 2023 and is forecast to a readjusted size of US$ 9795.4 million by 2030 with a CAGR of 1.1% during the forecast period 2024-2030
The top three players of global Blowout Preventer include GE Oil & Gas, Cameron and National Oilwell Varco with about 48% market shares. North America is the largest consumption place, with a consumption market share nearly 42%. Following North America, Europe is the second largest consumption place with the consumption market share of 17%.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Blowout Preventer, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Blowout Preventer by region & country, by Type, and by Application.
The Blowout Preventer market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Blowout Preventer.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Blowout Preventer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Blowout Preventer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Blowout Preventer in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Blowout Preventer Product Introduction
1.2 Global Blowout Preventer Market Size Forecast
1.2.1 Global Blowout Preventer Sales Value (2019-2030)
1.2.2 Global Blowout Preventer Sales Volume (2019-2030)
1.2.3 Global Blowout Preventer Sales Price (2019-2030)
1.3 Blowout Preventer Market Trends & Drivers
1.3.1 Blowout Preventer Industry Trends
1.3.2 Blowout Preventer Market Drivers & Opportunity
1.3.3 Blowout Preventer Market Challenges
1.3.4 Blowout Preventer Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Blowout Preventer Players Revenue Ranking (2023)
2.2 Global Blowout Preventer Revenue by Company (2019-2024)
2.3 Global Blowout Preventer Players Sales Volume Ranking (2023)
2.4 Global Blowout Preventer Sales Volume by Company Players (2019-2024)
2.5 Global Blowout Preventer Average Price by Company (2019-2024)
2.6 Key Manufacturers Blowout Preventer Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Blowout Preventer Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Blowout Preventer
2.9 Blowout Preventer Market Competitive Analysis
2.9.1 Blowout Preventer Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Blowout Preventer Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Blowout Preventer as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Annular BOP
3.1.2 Ram BOP
3.2 Global Blowout Preventer Sales Value by Type
3.2.1 Global Blowout Preventer Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Blowout Preventer Sales Value, by Type (2019-2030)
3.2.3 Global Blowout Preventer Sales Value, by Type (%) (2019-2030)
3.3 Global Blowout Preventer Sales Volume by Type
3.3.1 Global Blowout Preventer Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Blowout Preventer Sales Volume, by Type (2019-2030)
3.3.3 Global Blowout Preventer Sales Volume, by Type (%) (2019-2030)
3.4 Global Blowout Preventer Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Onshore Wells
4.1.2 Offshore Wells
4.2 Global Blowout Preventer Sales Value by Application
4.2.1 Global Blowout Preventer Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Blowout Preventer Sales Value, by Application (2019-2030)
4.2.3 Global Blowout Preventer Sales Value, by Application (%) (2019-2030)
4.3 Global Blowout Preventer Sales Volume by Application
4.3.1 Global Blowout Preventer Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Blowout Preventer Sales Volume, by Application (2019-2030)
4.3.3 Global Blowout Preventer Sales Volume, by Application (%) (2019-2030)
4.4 Global Blowout Preventer Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Blowout Preventer Sales Value by Region
5.1.1 Global Blowout Preventer Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Blowout Preventer Sales Value by Region (2019-2024)
5.1.3 Global Blowout Preventer Sales Value by Region (2025-2030)
5.1.4 Global Blowout Preventer Sales Value by Region (%), (2019-2030)
5.2 Global Blowout Preventer Sales Volume by Region
5.2.1 Global Blowout Preventer Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Blowout Preventer Sales Volume by Region (2019-2024)
5.2.3 Global Blowout Preventer Sales Volume by Region (2025-2030)
5.2.4 Global Blowout Preventer Sales Volume by Region (%), (2019-2030)
5.3 Global Blowout Preventer Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Blowout Preventer Sales Value, 2019-2030
5.4.2 North America Blowout Preventer Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Blowout Preventer Sales Value, 2019-2030
5.5.2 Europe Blowout Preventer Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Blowout Preventer Sales Value, 2019-2030
5.6.2 Asia Pacific Blowout Preventer Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Blowout Preventer Sales Value, 2019-2030
5.7.2 South America Blowout Preventer Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Blowout Preventer Sales Value, 2019-2030
5.8.2 Middle East & Africa Blowout Preventer Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Blowout Preventer Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Blowout Preventer Sales Value
6.2.1 Key Countries/Regions Blowout Preventer Sales Value, 2019-2030
6.2.2 Key Countries/Regions Blowout Preventer Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Blowout Preventer Sales Value, 2019-2030
6.3.2 United States Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Blowout Preventer Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Blowout Preventer Sales Value, 2019-2030
6.4.2 Europe Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Blowout Preventer Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Blowout Preventer Sales Value, 2019-2030
6.5.2 China Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.5.3 China Blowout Preventer Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Blowout Preventer Sales Value, 2019-2030
6.6.2 Japan Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Blowout Preventer Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Blowout Preventer Sales Value, 2019-2030
6.7.2 South Korea Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Blowout Preventer Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Blowout Preventer Sales Value, 2019-2030
6.8.2 Southeast Asia Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Blowout Preventer Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Blowout Preventer Sales Value, 2019-2030
6.9.2 India Blowout Preventer Sales Value by Type (%), 2023 VS 2030
6.9.3 India Blowout Preventer Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 GE Oil & Gas
7.1.1 GE Oil & Gas Company Information
7.1.2 GE Oil & Gas Introduction and Business Overview
7.1.3 GE Oil & Gas Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.1.4 GE Oil & Gas Blowout Preventer Product Offerings
7.1.5 GE Oil & Gas Recent Development
7.2 Cameron
7.2.1 Cameron Company Information
7.2.2 Cameron Introduction and Business Overview
7.2.3 Cameron Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Cameron Blowout Preventer Product Offerings
7.2.5 Cameron Recent Development
7.3 National Oilwell Varco
7.3.1 National Oilwell Varco Company Information
7.3.2 National Oilwell Varco Introduction and Business Overview
7.3.3 National Oilwell Varco Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.3.4 National Oilwell Varco Blowout Preventer Product Offerings
7.3.5 National Oilwell Varco Recent Development
7.4 Uztel
7.4.1 Uztel Company Information
7.4.2 Uztel Introduction and Business Overview
7.4.3 Uztel Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Uztel Blowout Preventer Product Offerings
7.4.5 Uztel Recent Development
7.5 Rongsheng Machinery
7.5.1 Rongsheng Machinery Company Information
7.5.2 Rongsheng Machinery Introduction and Business Overview
7.5.3 Rongsheng Machinery Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Rongsheng Machinery Blowout Preventer Product Offerings
7.5.5 Rongsheng Machinery Recent Development
7.6 Halliburton
7.6.1 Halliburton Company Information
7.6.2 Halliburton Introduction and Business Overview
7.6.3 Halliburton Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Halliburton Blowout Preventer Product Offerings
7.6.5 Halliburton Recent Development
7.7 OJSC NaftaGaz
7.7.1 OJSC NaftaGaz Company Information
7.7.2 OJSC NaftaGaz Introduction and Business Overview
7.7.3 OJSC NaftaGaz Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.7.4 OJSC NaftaGaz Blowout Preventer Product Offerings
7.7.5 OJSC NaftaGaz Recent Development
7.8 MSP/DRILEX
7.8.1 MSP/DRILEX Company Information
7.8.2 MSP/DRILEX Introduction and Business Overview
7.8.3 MSP/DRILEX Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.8.4 MSP/DRILEX Blowout Preventer Product Offerings
7.8.5 MSP/DRILEX Recent Development
7.9 Jiangsu Xinde
7.9.1 Jiangsu Xinde Company Information
7.9.2 Jiangsu Xinde Introduction and Business Overview
7.9.3 Jiangsu Xinde Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Jiangsu Xinde Blowout Preventer Product Offerings
7.9.5 Jiangsu Xinde Recent Development
7.10 Fountain Petro
7.10.1 Fountain Petro Company Information
7.10.2 Fountain Petro Introduction and Business Overview
7.10.3 Fountain Petro Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Fountain Petro Blowout Preventer Product Offerings
7.10.5 Fountain Petro Recent Development
7.11 Control Flow
7.11.1 Control Flow Company Information
7.11.2 Control Flow Introduction and Business Overview
7.11.3 Control Flow Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Control Flow Blowout Preventer Product Offerings
7.11.5 Control Flow Recent Development
7.12 GCOP
7.12.1 GCOP Company Information
7.12.2 GCOP Introduction and Business Overview
7.12.3 GCOP Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.12.4 GCOP Blowout Preventer Product Offerings
7.12.5 GCOP Recent Development
7.13 Jiangsu Jinshi
7.13.1 Jiangsu Jinshi Company Information
7.13.2 Jiangsu Jinshi Introduction and Business Overview
7.13.3 Jiangsu Jinshi Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Jiangsu Jinshi Blowout Preventer Product Offerings
7.13.5 Jiangsu Jinshi Recent Development
7.14 Well Control
7.14.1 Well Control Company Information
7.14.2 Well Control Introduction and Business Overview
7.14.3 Well Control Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Well Control Blowout Preventer Product Offerings
7.14.5 Well Control Recent Development
7.15 Shenkai
7.15.1 Shenkai Company Information
7.15.2 Shenkai Introduction and Business Overview
7.15.3 Shenkai Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.15.4 Shenkai Blowout Preventer Product Offerings
7.15.5 Shenkai Recent Development
7.16 NETS
7.16.1 NETS Company Information
7.16.2 NETS Introduction and Business Overview
7.16.3 NETS Blowout Preventer Sales, Revenue and Gross Margin (2019-2024)
7.16.4 NETS Blowout Preventer Product Offerings
7.16.5 NETS Recent Development
8 Industry Chain Analysis
8.1 Blowout Preventer Industrial Chain
8.2 Blowout Preventer Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Blowout Preventer Sales Model
8.5.2 Sales Channel
8.5.3 Blowout Preventer Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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