Pressure Control Equipment Market by Component (Valves, Control Heads, Quick Unions, Wellhead Flanges, Christmas Trees, and Adapter Flanges), Type (High and Low), Application (Onshore and Offshore), and Region - Global Forecast to 2023

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Date: 03-Jan-2019
No. of pages: 152
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“Pressure control equipment market to grow at CAGR of 5.6% from 2018 to 2023”

The pressure control equipment market is estimated to grow from USD 5.7 billion in 2018 to USD 7.4 billion by 2023, at a CAGR of 5.6% from2018 to2023. The growth of the pressure control equipment market is driven by the technological advancement in oilfield equipment, increase in global investments in exploration and production (E&P), and rise in unconventional hydrocarbon production in North America. Refracturing activities in the US, along with rising activities in the offshore segment, create new opportunities for pressure control equipment companies. However, factors such as customized demands by drillers and decline in drilling activities and rig count hinder the market growth.

“Market for high pressure to witness highest CAGR during forecast period”

The market for high pressure is estimated to grow at a higher CAGR during the forecast period. High pressure and high temperature wells require special instruments and materials. They also require extra preventive measures and experience as they are considered volatile reservoir environments. Thus, the need for instruments for high pressure environments provides companies the opportunity to customize pressure control equipment using special materials. The customization and other factors mentioned above lead to an increase in the cost of equipment.

“Ongoing offshore exploration activities to drive offshore pressure control equipment applications with higher CAGR from 2018 to 2023”

The market for offshore applications is estimated to grow at a higher CAGR during the forecast period. Offshore activities require advanced technology, making the offshore market a capital intense one. The South China Sea, the West Australian Coast, and the Gulf of Thailand are the major hubs for offshore E&P activities in APAC. Other significant areas include the Caspian Sea and the Bay of Bengal. West Africa, Malaysia, and offshore regions of Venezuela and Brazil are the emerging market for pressure control equipment in the offshore application to gain the momentum during the forecast period.

“Increased investment expenditure in Mexico to drive North American pressure control equipment market and is expected to witness highest CAGR from 2018 to 2023”

The market in North America is estimated to grow at the highest CAGR during the forecast period. Increased capital spending by major oil companies and boom in production from shale operation and deep water E&P activities in the Gulf of Mexico resulted in the growth of pressure control equipment market in North America. Also, the liberalization of Mexico’s oil & gas industry has led several entries into domestic E&P activities. As a result, exploration and extraction contracts have been awarded for offshore and onshore oil & gas fields by the Mexico’s National Hydrocarbon Commission.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The

breakup of the profile of primary participants has been given below:


  • By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%

  • By Designation: – C-Level Executives –44%,Directors – 38%, and Others – 18%

  • By Region: North America – 20%, Europe – 40%, APAC – 30%, and RoW – 10%


Schlumberger (US), Weatherford (Switzerland), National Oilwell Varco (US), Baker Hughes (US), The Weir Group (UK), TIS Manufacturing (UK), Lee Specialties (Canada), Hunting (UK), and Brace Tool (Canada)are among the few leading players in the pressure control equipment market.

Research Coverage:


  • Major components in pressure control equipment are well head flange and christmas tree.

  • By type, the pressure control equipment market has been segmented into high pressure and low pressure.

  • By application, the pressure control equipment market has been segmented into onshore and offshore.

  • The geographic analysis is done with regard to6major regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East &Africa.


Reasons to Buy This Report:

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of pressure control equipment market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to pressure control equipment market.

The report provides insights on the following pointers:


  • Market penetration: Comprehensive information on pressure control equipment offered by top players in the overall pressure control equipment market

  • Product development/innovation: Detailed insights regarding R&D activities, emerging technologies, and product launches in the pressure control equipment market

  • Market development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for pressure control equipment across regions

  • Market diversification: Exhaustive information about untapped geographies, recent developments, and investments in the overall pressure control equipment market

  • Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of leading players in the pressure control equipment market

Pressure Control Equipment Market by Component (Valves, Control Heads, Quick Unions, Wellhead Flanges, Christmas Trees, and Adapter Flanges), Type (High and Low), Application (Onshore and Offshore), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at the Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption

3 Executive Summary

4 Premium Insights
4.1 Pressure Control Equipment Market Opportunities
4.2 Pressure Control Equipment Market, By Component
4.3 Pressure Control Equipment Market, By Type
4.4 Pressure Control Equipment Market, By Application
4.5 Pressure Control Equipment Market in North America, By Component and Country (2018)
4.6 Pressure Control Equipment Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advancement in Oilfield Equipment
5.2.1.2 Increase in Global Investments in Exploration & Production (E&P)
5.2.1.3 Rise in Unconventional Hydrocarbon Production in North America
5.2.2 Restraints
5.2.2.1 Customized Demands By Drillers
5.2.2.2 Decline in Drilling Activities and Rig Counts
5.2.3 Opportunities
5.2.3.1 Refracturing Activities in the Us
5.2.3.2 Emerging Offshore Opportunities
5.2.4 Challenges
5.2.4.1 Lesser Success Rate of Exploration

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Regulatory Standards
6.3.1 American Petroleum Institute (API)
6.3.1.1 API SPEC 6a
6.3.1.2 API RP 53
6.3.1.3 API SPEC 17d

7 Pressure Control Equipment Market, By Component
7.1 Introduction
7.2 Valves
7.2.1 Valves—Major Pressure Control Equipment Used for Isolation and Throttling Services
7.3 Control Head
7.3.1 Helps in Lowering Drilling Cost and Increasing Well Productivity
7.4 Wellhead Flange
7.4.1 Holds Largest Share of Pressure Control Equipment Market
7.5 Christmas Tree (Flow Tee)
7.5.1 Main Purpose—To Control Flow of Well Fluids Or Gas During Production
7.6 Adapter Flange
7.6.1 North America to Hold Largest Share of Pressure Control Market for Adapter Flange During Forecast Period
7.7 Quick Unions
7.7.1 Market for Quick Unions in Africa to Grow at Highest CAGR During Forecast Period
7.8 Others
7.8.1 Market in Middle East to Witness Highest CAGR From 2018 to 2023

8 Pressure Control Equipment Market, By Type
8.1 Introduction
8.2 High Pressure (Above 10,000 PSI)
8.2.1 Market for High Pressure to Grow at Higher CAGR During Forecast Period
8.3 Low Pressure (Below 10,000 PSI)
8.3.1 New Oil Field Development in African and European Economies Contribute to Growth of Low Pressure Control Equipment

9 Pressure Control Equipment Market, By Application
9.1 Introduction
9.2 Onshore
9.2.1 Onshore Application to Hold Major Share in Pressure Control Equipment Market
9.3 Offshore
9.3.1 Offshore Application to Grow at Higher CAGR During Forecast Period

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US Accounts for Major Share in North American Pressure Control Equipment Market
10.2.2 Canada
10.2.2.1 Investment in E&P Projects to Create Demand for Pressure Control Equipment
10.2.3 Mexico
10.2.3.1 Market in Mexico to Grow at Highest CAGR During Forecast Period
10.3 Europe
10.3.1 Russia
10.3.1.1 Russia Accounted for Largest Share in European Pressure Control Equipment Market During Forecast Period
10.3.2 Norway
10.3.2.1 Government Initiatives for Providing Licenses to Oil & Gas Companies for E&P Activities Boost Pressure Control Equipment Demand in the Region
10.3.3 UK
10.3.3.1 Political and Regional Scenarios Provide A Positive Environment for E&P Activities
10.3.4 Rest of Europe
10.3.4.1 Major Investments in the Region Contributing to Growth of Pressure Control Equipment Market
10.4 APAC
10.4.1 China
10.4.1.1 China Accounted for Largest Share of Pressure Control Equipment Market in APAC From 2018 to 2023
10.4.2 India
10.4.2.1 Huge Investment in Downstream Market Boosts Demand for Pressure Control Equipment Market in India
10.4.3 Australia
10.4.3.1 Development of New Areas for Exploration Activities Creates Opportunity for Pressure Control Equipment in Australia
10.4.4 Indonesia
10.4.4.1 Government Policy and Support Likely to Create Opportunity for Pressure Control Equipment Market in Indonesia
10.4.5 Rest of APAC
10.4.5.1 Large Capacity of Oil Reverses and Upcoming Developments Attracting Pressure Control Equipment Market in the Rest of APAC
10.5 South America
10.5.1 Venezuela
10.5.1.1 Upcoming Drilling Projects Will Create Opportunity for Pressure Control Equipment in Venezuela
10.5.2 Brazil
10.5.2.1 Investment in Upstream and Oil Extraction and Exploration Activities Create Opportunity for Pressure Control Equipment Market in Brazil
10.5.3 Argentina
10.5.3.1 Favorable Condition for Drilling Activities and Government Support Contribute Toward Growth of Pressure Control Equipment Market in Argentina
10.5.4 Rest of South America
10.5.4.1 Huge Oil Reserves and Cheap Extraction Technology Provide A Huge Investment Opportunity for Upstream Companies
10.6 Middle East
10.6.1 Saudi Arabia
10.6.1.1 Capital Expenditure Proposed By the National Oil Company Provides an Attractive Market for Pressure Control Equipment in Saudi Arabia
10.6.2 Iraq
10.6.2.1 New Development Proposed By the Government Creates Opportunity for Pressure Control Equipment Market in Iraq
10.6.3 Oman
10.6.3.1 Oman Accounted for Largest Share of Pressure Control Equipment Market During Forecast Period in Middle East
10.6.4 UAE
10.6.4.1 Pressure Control Equipment Market in UAE to Grow at Highest CAGR During Forecast Period
10.6.5 Kuwait
10.6.5.1 Capital Expenditure Proposed By Oil Companies and Government Provide Attractive Market for Pressure Control Equipment in Kuwait
10.6.6 Rest of the Middle East
10.6.6.1 Investment Plans in Upstream Oil Market Help Create Opportunity for Pressure Control Equipment in Rest of Middle East
10.7 Africa
10.7.1 Algeria
10.7.1.1 Algeria Accounted for Largest Share of Pressure Control Equipment Market in Africa
10.7.2 Nigeria
10.7.2.1 Pressure Control Equipment Market in Nigeria to Grow at Highest CAGR During Forecast Period
10.7.3 Egypt
10.7.3.1 New Exploration Activities and Further Development of Existing Fields to Boost Demand for Pressure Control Equipment Market in Egypt
10.7.4 Rest of Africa
10.7.4.1 Foreign Direct Investments in Term of Contracts Attract Pressure Control Equipment Market in Rest of Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis: Pressure Control Equipment Market
11.3 Competitive Situation & Trends
11.3.1 Partnerships, Agreements, and Contracts
11.3.2 Product Launches
11.3.3 Expansions
11.3.4 Acquisitions, Mergers, and Joint Ventures

12 Company Profiles
12.1 Key Players
(Business Overview, Products, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.1.1 Schlumberger
12.1.2 Weatherford International
12.1.3 National Oilwell Varco
12.1.4 Baker Hughes, A Ge Company
12.1.5 The Weir Group
12.1.6 Tis Manufacturing
12.1.7 Lee SPECialties
12.1.8 Hunting
12.1.9 Control Flow
12.1.10 Brace Tool
12.2 Other Prominent Players
12.2.1 Fhe
12.2.2 Integrated Equipment
12.2.3 The Ikm Group
12.2.4 GKD Industries
12.2.5 IoT Group

*Details on Business Overview, Products, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Pressure Control Equipment Market, By Component, 2015–2023 (USD Million)
Table 2 Pressure Control Equipment Market for Valves, By Region, 2015–2023 (USD Million)
Table 3 Pressure Control Equipment Market for Valves, By Country, 2015–2023 (USD Million)
Table 4 Pressure Control Equipment Market for Control Head, By Region, 2015–2023 (USD Million)
Table 5 Pressure Control Equipment Market for Control Head, By Country, 2015–2023 (USD Million)
Table 6 Pressure Control Equipment Market for Wellhead Flange, By Region, 2015–2023 (USD Million)
Table 7 Pressure Control Equipment Market for Wellhead Flange, By Country, 2015–2023 (USD Million)
Table 8 Pressure Control Equipment Market for Christmas Tree, By Region, 2015–2023 (USD Million)
Table 9 Pressure Control Equipment Market for Christmas Tree, By Country, 2015–2023 (USD Million)
Table 10 Pressure Control Equipment Market for Adapter Flange, By Region, 2015–2023 (USD Million)
Table 11 Pressure Control Equipment Market for Adapter Flange, By Country, 2015–2023 (USD Million)
Table 12 Pressure Control Equipment Market for Quick Unions, By Region, 2015–2023 (USD Million)
Table 13 Pressure Control Equipment Market for Quick Unions, By Country, 2015–2023 (USD Million)
Table 14 Pressure Control Equipment Market for Others, By Region, 2015–2023 (USD Million)
Table 15 Pressure Control Equipment Market for Others, By Country, 2015–2023 (USD Million)
Table 16 Pressure Control Equipment Market, By Type, 2015–2023 (USD Million)
Table 17 Pressure Control Equipment Market, By Application, 2015–2023 (USD Million)
Table 18 Pressure Control Equipment Market for Onshore Application, By Region, 2015–2023 (USD Million)
Table 19 Pressure Control Equipment Market for Offshore Application, By Region, 2015–2023 (USD Million)
Table 20 Pressure Control Equipment Market, By Region, 2015–2023 (USD Million)
Table 21 Pressure Control Equipment Market in North America, By Component, 2015–2023 (USD Million)
Table 22 Pressure Control Equipment in North America, By Application, 2015–2023 (USD Million)
Table 23 Pressure Control Equipment Market in North America, By Country, 2015–2023 (USD Million)
Table 24 Pressure Control Equipment Market in Us, By Component, 2015–2023 (USD Million)
Table 25 Pressure Control Equipment Market in Canada, By Component, 2015–2023 (USD Million)
Table 26 Pressure Control Equipment Market in Mexico, By Component, 2015–2023 (USD Million)
Table 27 Pressure Control Equipment Market in Europe, By Component, 2015–2023 (USD Million)
Table 28 Pressure Control Equipment in Europe, By Application, 2015–2023 (USD Million)
Table 29 Pressure Control Equipment Market in Europe, By Country, 2015–2023 (USD Million)
Table 30 Pressure Control Equipment Market in Russia, By Component, 2015–2023 (USD Million)
Table 31 Pressure Control Equipment Market in Norway, By Component, 2015–2023 (USD Million)
Table 32 Pressure Control Equipment Market in Uk, By Component, 2015–2023 (USD Million)
Table 33 Pressure Control Equipment Market in Rest of Europe, By Component, 2015–2023 (USD Million)
Table 34 Pressure Control Equipment Market in APAC, By Component, 2015–2023 (USD Million)
Table 35 Pressure Control Equipment in APAC By Application, 2015–2023 (USD Million)
Table 36 Pressure Control Equipment Market in APAC, By Country, 2015–2023 (USD Million)
Table 37 Pressure Control Equipment Market in China, By Component, 2015–2023 (USD Million)
Table 38 Pressure Control Equipment Market in India, By Component, 2015–2023 (USD Million)
Table 39 Pressure Control Equipment Market in Australia, By Component, 2015–2023 (USD Million)
Table 40 Pressure Control Equipment Market in Indonesia, By Component, 2015–2023 (USD Million)
Table 41 Pressure Control Equipment Market in Rest of APAC, By Component, 2015–2023 (USD Million)
Table 42 Pressure Control Equipment Market in South America, By Component, 2015–2023 (USD Million)
Table 43 Pressure Control Equipment in South America, By Application, 2015–2023 (USD Million)
Table 44 Pressure Control Equipment Market in South America, By Country, 2015–2023 (USD Million)
Table 45 Pressure Control Equipment Market in Venezuela, By Component, 2015–2023 (USD Million)
Table 46 Pressure Control Equipment Market in Brazil, By Component, 2015–2023 (USD Million)
Table 47 Pressure Control Equipment Market in Argentina, By Component, 2015–2023 (USD Million)
Table 48 Pressure Control Equipment Market in Rest of South America, By Component, 2015–2023 (USD Million)
Table 49 Pressure Control Equipment Market in Middle East, By Component, 2015–2023 (USD Million)
Table 50 Pressure Control Equipment in Middle East, By Application, 2015–2023 (USD Million)
Table 51 Pressure Control Equipment Market in Middle East, By Country, 2015–2023 (USD Million)
Table 52 Pressure Control Equipment Market in Saudi Arabia, By Component, 2015–2023 (USD Million)
Table 53 Pressure Control Equipment Market in Iraq, By Component, 2015–2023 (USD Thousand)
Table 54 Pressure Control Equipment Market in Oman, By Component, 2015–2023 (USD Million)
Table 55 Pressure Control Equipment Market in UAE, By Component, 2015–2023 (USD Million)
Table 56 Pressure Control Equipment Market in Kuwait, By Component, 2015–2023 (USD Million)
Table 57 Pressure Control Equipment Market in Rest of Middle East, By Component, 2015–2023 (USD Million)
Table 58 Pressure Control Equipment Market in Africa, By Component, 2015–2023 (USD Million)
Table 59 Pressure Control Equipment in Africa, By Application, 2015–2023 (USD Million)
Table 60 Pressure Control Equipment Market in Africa, By Country, 2015–2023 (USD Million)
Table 61 Pressure Control Equipment Market in Algeria, By Component, 2015–2023 (USD Million)
Table 62 Pressure Control Equipment Market in Nigeria, By Component, 2015–2023 (USD Thousand)
Table 63 Pressure Control Equipment Market in Egypt, By Component, 2015–2023 (USD Thousand)
Table 64 Pressure Control Equipment Market in Rest of Africa, By Component, 2015–2023 (USD Thousand)
Table 65 Partnerships, Agreements, and Contracts (2015–2018)
Table 66 Product Launches (2015–2018)
Table 67 Expansion (2017)
Table 68 Acquisitions, Mergers, and Joint Ventures (2015–2018)

List of Figures

Figure 1 Pressure Control Equipment Market Segmentation
Figure 2 Pressure Control Equipment Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Wellhead Flange to Hold Largest Size of Pressure Control Equipment Market From 2018 to 2023
Figure 7 High Pressure to Dominate Pressure Control Equipment Market During Forecast Period
Figure 8 Onshore Application to Hold Larger Size of Pressure Control Equipment Market From 2018 to 2023
Figure 9 Pressure Control Equipment Market in North America to Grow at Highest CAGR During Forecast Period
Figure 10 Attractive Opportunities in Pressure Control Equipment Market From 2018 to 2023
Figure 11 Wellhead Flange to Hold Largest Share of Pressure Control Equipment Market From 2018 to 2023
Figure 12 High Pressure to Lead Pressure Control Equipment Market From 2018 to 2023
Figure 13 Onshore Application to Hold Larger Size of Pressure Control Equipment Market From 2018 to 2023
Figure 14 US to Hold Largest Size of Pressure Control Equipment Market in 2018
Figure 15 North America to Hold Largest Share of Pressure Control Equipment Market From 2018 to 2023
Figure 16 Pressure Control Equipment Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Global Oil & Gas Upstream Capital Spending, 2023–2018
Figure 18 Upstream Investment Plans By Opec
Figure 19 Worldwide Rig Count, 2013–2018
Figure 20 Value Chain Analysis: Major Value Added During Manufacturing Stage
Figure 21 Pressure Control Equipment Market, By Component
Figure 22 North America to Hold Largest Size of Pressure Control Equipment Market for Control Head During Forecast Period
Figure 23 Middle East to Witness Highest CAGR During Forecast Period
Figure 24 Pressure Control Equipment Market, By Type
Figure 25 Pressure Control Equipment Market, By Application
Figure 26 North America to Hold Largest Size of Pressure Control Equipment Market for Onshore Application During Forecast Period
Figure 27 Geographic Snapshot (2017): India to Witness Significant Growth During Forecast Period
Figure 28 North America: Snapshot of Pressure Control Equipment Market
Figure 29 Wellhead Flange to Hold Largest Size of Pressure Control Equipment Market in US During Forecast Period
Figure 30 Europe: Snapshot of Pressure Control Equipment Market
Figure 31 Pressure Control Equipment Market in Russia to Grow at Highest CAGR During Forecast Period
Figure 32 APAC: Snapshot of Pressure Control Equipment Market
Figure 33 China to Hold Largest Size of Pressure Control Equipment Market in APAC From 2018 to 2023
Figure 34 Wellhead Flange to Hold Largest Size of Pressure Control Equipment Market in South America From 2018 to 2023
Figure 35 Pressure Control Equipment Market for Christmas Tree in Brazil to Grow at Highest CAGR During Forecast Period
Figure 36 Oman to Hold Largest Size of Pressure Control Equipment Market in Middle East During Forecast Period
Figure 37 Pressure Control Equipment Market for Quick Unions in Nigeria to Grow at Highest CAGR From 2018 to 2023
Figure 38 Product Launches and Developments are Key Growth Strategies Adopted By Companies From 2015 to 2018
Figure 39 Ranking of Key Players in Pressure Control Equipment Market, 2017
Figure 40 Battle for Market Share: Product Launch Was the Key Strategy
Figure 41 Schlumberger: Company Snapshot
Figure 42 Weatherford International: Company Snapshot
Figure 43 National Oilwell Varco: Company Snapshot
Figure 44 Baker Hughes: Company Snapshot
Figure 45 The Weir Group: Company Snapshot
Figure 46 Hunting: Company Snapshot

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