Pressure control equipment market is growing moderately at a CAGR of 4.8% attributed to its significant application in the oil and gas industry. Pressure Control Equipment Market research report allows making important decision making essential for business growth. It helps key participants further in applying right business ideas to grow business and choose the right business doing strategy. Having complete understanding of what purchasers are looking for in the market and which factors can influence their purchasing decision greatly helps to make investment in the right product development and launch it accordingly. It is also crucial for major participants to understand the behavior of target customers to bring novel products into the market. This Pressure Control Equipment Market report serves as a blueprint to get thorough study of market competition, target audience and entire market.
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On the basis of geography, the pressure control equipment market is segmented on the basis of the region that includes North America, Asia-Pacific, Europe and Rest of the World (RoW). North America is expected to have a significant market share in the market due to the high production of oil in recent years. The US was the largest producer country of oil in 2018. As per BP Statistical Review of World Energy 2019, the US had produced 15.3 million barrels of crude oil per day with a year-on-year growth rate of 15%. The US has a global share of 16.2% of total oil production. Along with the US, Canada and Mexico had a global share of 5.5% and 2.2% in 2018. Overall oil production in North America production rise by 12% year-on-year basis. The US is followed by Saudi Arabia and the Russian Federation with a global share of 13% and 12.1% respectively in 2018. This was expected to fuel the demand for pressure control equipment within the region.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Pressure Control Equipment Market by Component
- Valves (Manual, Hydraulic, Dual wireline valve)
- Control head
- Flanges (Wellhead Flanges, Adapter Flanges)
- Christmas Trees
- Other (Fluid Chamber, Hand Unions, Stuffing Box, Tool Catcher)
Global Pressure Control Equipment Market by Type
- Low Pressure
- High Pressure
Global Pressure Control Equipment Market by Application
- Onshore
- Offshore
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Allide Valves, Inc.
- Baker Hughes (A GE Company)
- Brace Tool, Inc.
- Emerson Electric, Co.
- FHE USA, LLC
- GKD Industries, Ltd.
- Hunting PLC
- IKM Pressure Control AS
- Johnson Controls, Inc.
- Kirloskar Brothers, Ltd.
- KITZ Corp.
- KSB SE & Co. KGaA
- L&T Valves, Ltd.
- Lee Specialties, Inc.
- Locke Supply, Co.
- National Oilwell Varco, Inc.
- Schlumberger, Ltd.
- The Weir Group PLC
- TIS Manufacturing, Ltd.
- VIP Valves Private, Ltd.
- Weatherford International, PLC
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pressure control equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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