Global Pressure Control Equipment Market Size, Trends, and Growth Opportunity, By Component (Valves, Control Head, Wellhead Flange), By Type (High Pressure (Below 10,000 PSI), Low Pressure (Below 10,000 PSI), By Application (Offshore, Onshore), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Pressure Control Equipment Market
Global Pressure Control Equipment Market was valued at USD 6.7 billion in 2021 and is expected to reach USD 8.11 billion by 2027, at a CAGR of 2.73% from 2022-2027.
When a good intervention procedure is carried out by an operator under any demanding or simple circumstances, pressure control equipment aids in maintaining the ideal pressure levels inside the wellbore. Pressure regulators are those valves that work by cutting off the flow of a gas or liquid when it hits a certain pressure. Control equipment can be general ventilation, extraction systems such as enclosure, local exhaust ventilation, where the air cannot be cleaned, refuges, and respiratory protective equipment.
Market Drivers
The market for pressure control equipment is anticipated to expand as a result of the rise in demand for innovative, cutting-edge technology, tools, and equipment to increase the effectiveness of production and exploration activities in onshore and offshore areas. Furthermore, the rising adoption of pressure control equipment in the oil & gas industry for drilling operations is another major driving factor for the global pressure control equipment market.
Market Restraints
The market for pressure control equipment may not expand as expected because of various falling drilling operations and rig counts. Also, the fluctuating oil prices over the past few years have slowed demand for pressure control equipment due to the supply-demand gap, geopolitics, and several other variables.
Market Segmentation
Global Pressure Control Equipment Market is segmented into component, type, application, and region.
Based on components, the global pressure control equipment market can be segmented into: Wireline Valves, Control Heads, Quick Unions, Flow Tree, Wellhead Flanges, and Adapter Flanges.
Regional Analysis
Global Pressure Control Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Pressure Control Equipment market is anticipated to be dominated by the Asia-Pacific region. The region is primarily driven by the demand for oil in developing countries, which is expected to soon surpass that of developed nations due to rising demand from China and India, and other developing economies throughout Asia, which are continuing to experience strong economic growth. Due to growing efforts to find coal seam gas and shale gas as well as attractive oil and gas prices in the area, the market is anticipated to grow as more wells are drilled.
Key Players
Various key players are
Global Pressure Control Equipment Market toc
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Pressure Control Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Pressure Control Equipment Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Pressure Control Equipment Market Share Analysis, By Component
5.3 Global Pressure Control Equipment Market Size and Forecast, By Component
5.3.1 Valves
5.3.2 Control Head
5.3.3 Wellhead Flange
5.3.4 Christmas Tree (Flow Tee)
5.3.5 Adapter Flange
5.3.6 Quick Unions
5.3.7 Others
6 Global Pressure Control Equipment Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Pressure Control Equipment Market Share Analysis, By Type
6.3 Global Pressure Control Equipment Market Size and Forecast, By Type
6.3.1 High Pressure (Above 10,000 PSI)
6.3.2 Low Pressure (Below 10,000 PSI)
7 Global Pressure Control Equipment Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Pressure Control Equipment Market Share Analysis, By Application
7.3 Global Pressure Control Equipment Market Size and Forecast, By Application
7.3.1 Offshore
7.3.2 Onshore
8 Global Pressure Control Equipment Market, By Region
8.1 Global Pressure Control Equipment Market Share Analysis, By Region
8.2 Global Pressure Control Equipment Market Share Analysis, By Region
8.3 Global Pressure Control Equipment Market Size and Forecast, By Region
9 North America Pressure Control Equipment Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Pressure Control Equipment Market Share Analysis, By Component
9.3 North America Pressure Control Equipment Market Share Analysis, By Type
9.4 North America Pressure Control Equipment Market Size and Forecast, By Application
9.5 North America Pressure Control Equipment Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Pressure Control Equipment Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Pressure Control Equipment Market Share Analysis, By Component
10.3 Europe Pressure Control Equipment Market Share Analysis, By Type
10.4 Europe Pressure Control Equipment Market Size and Forecast, By Application
10.5 Europe Pressure Control Equipment Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Pressure Control Equipment Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Pressure Control Equipment Market Share Analysis, By Component
11.3 Asia Pacific Pressure Control Equipment Market Share Analysis, By Type
11.4 Asia Pacific Pressure Control Equipment Market Size and Forecast, By Application
11.5 Asia Pacific Pressure Control Equipment Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Pressure Control Equipment Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Pressure Control Equipment Market Share Analysis, By Component
12.3 Latin America Pressure Control Equipment Market Share Analysis, By Type
