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 is used to maintain the optimal pressure level inside a wellbore during intervention operation. A wellbore can be defined as a hole drilled for the exploration of natural resources mainly in the oil and gas industry. The equipment should have the quality that they can withstand the demanding condition and the required quality standards. Crude oil is the raw material of all petroleum products. Rise in oil and gas exploration and production along with technological advancement will create a significant demand to pressure control equipment market.
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The pressure control equipment market is expected to grow significantly during the forecast period. However, rising concern of environment pollution is pressuring governments to reduce the usage of fossil fuels which can act as e a restraint to the growth of the market during the forecast period. Petrol and diesel for vehicles is the major application of crude oil and the high adoption rate of electric vehicles will reduce the overall demand for petroleum products in the near future. Sanctions forced by the US on Iran, related to oil exports are also going to affect the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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