Wellhead Equipment Market is expected to witness high growth during the forecast period

Pune, India, April, 2019 /MRFR Press Release/- Market Research Future published a half-cooked research report on global wellhead equipment market.

Market Highlights

The global wellhead equipment market is projected to reach USD 9.54 billion by 2032 at 3.25% CAGR. The wellhead equipment is widely used to control the pressure and provide access to the main casing or tubing. A wellhead equipment ensures safe drilling and completion by maintaining the pressure level in the well. A rise in demand for oil and gas supports higher investments into oil & gas exploration activities, including unconventional resource exploration. These factors would drive the growth of wellhead equipment market.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Wellhead Equipment Market Research Report

On the basis of application, the market is segmented as onshore and offshore. The onshore segment is estimated to dominate the market during the forecast period due to an increase in investments into upstream exploration activities, especially in North America and Asia-Pacific. Considering the component segment, the market is segmented as hanger, flange, master valve, choke, and others.

The global wellhead equipment market is expected to grow at ~3.25% CAGR during the forecast period.

Drivers

Market Research Analysis

North America accounts for the largest market for wellhead equipment

Region wise, North America held the largest market share of the global wellhead equipment market in 2018. The wellhead equipment market in the oil & gas industry would mainly be driven by the growth of the unconventional resources in the countries, such as the US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to add to the growth of the global wellhead equipment market during the forecast period.

Scope of the Report

This report provides an in-depth analysis of the global wellhead equipment market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the wellhead equipment market by its component, application, and by region.

By Component

• Hanger


• Flange


• Master Valve


• Choke


• Others

By Application

• Onshore


• Offshore

By Regions

• North America 


• Asia-Pacific 


• Europe


• Middle East & Africa


• South America

Key Players

The key players of global wellhead equipment market are FMC Technologies (US), Baker Hughes (US), Weir (UK), Aker Solutions (Norway), Stream-Flo Industries Ltd (Canada), Wellhead Systems, Inc. (US), Oil States International, Inc. (US), National Oilwell Varco (US), and Forum Energy Technologies (US), Shanghai Elim Petroleum Machinery (China), and Cameron International Corporation (US)

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com