Global Blowout Preventer Market Size Study & Forecast, by Type (Annular, Ram, Hybrid Blowout Preventers) by End-Use (Oil & Gas, Geothermal, Mining) and Regional Forecasts 2025-2035

Description

The Global Blowout Preventer Market is valued at approximately USD 7.16 billion in 2024 and is projected to grow at a moderate CAGR of 3.51% during the forecast period 2025-2035. Blowout preventers (BOPs) are sophisticated safety devices designed to control unexpected pressure surges during drilling operations, ensuring the prevention of uncontrolled fluid releases in oil, gas, and geothermal wells. These systems serve as the critical backbone of well-control operations, safeguarding personnel, equipment, and the environment. The market expansion is driven by rising exploration and production activities across onshore and offshore environments, the resurgence in crude oil prices, and stricter regulatory frameworks mandating enhanced drilling safety protocols worldwide.

The intensifying need for well-control solutions has led to sustained investments in advanced BOP technologies. Growing upstream activities and exploration in challenging and deepwater reservoirs have amplified the reliance on reliable BOP systems, especially in regions with high-risk drilling conditions. Technological innovations in hydraulic and ram-based preventers, coupled with automation and monitoring enhancements, have further fueled market adoption. According to industry reports, global oil consumption rose steadily in 2023, prompting drilling companies to expand operations, which in turn increases the criticality of deploying state-of-the-art BOP systems. However, the gradual transition toward renewable energy and unconventional energy sources may temper overall market growth throughout 2025-2035.

The detailed segments and sub-segments included in the report are:

By Type:

Annular Blowout Preventers
Ram Blowout Preventers
Hybrid Blowout Preventers

By End-Use:

Oil & Gas
Geothermal
Mining

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Ram blowout preventers are expected to dominate the market over the forecast period, holding the largest market share due to their extensive use in deepwater drilling and high-pressure environments where reliability and fail-safe operation are paramount. Their robust design and capability to handle extreme wellbore pressures make them the preferred choice for critical oil and gas operations. Annular preventers, however, are anticipated to be the fastest-growing segment as they are increasingly deployed for their versatility and ability to seal irregular wellbore geometries, especially in unconventional and geothermal applications. In essence, ram BOPs command current market dominance, while annular BOPs are poised for accelerated adoption in niche and challenging drilling scenarios.

By end-use, the oil & gas sector currently contributes the largest share of revenue, reflecting the historical dominance of hydrocarbon exploration and extraction activities worldwide. Mining and geothermal applications, though smaller in share, are emerging as significant contributors due to increased drilling activities in these sectors and evolving safety regulations. The nuanced adoption pattern highlights a dual growth dynamic: traditional oil & gas operations sustain revenue leadership, while alternative sectors provide robust incremental opportunities driven by technological adaptation and operational expansion.

North America emerged as the largest market in 2025, buoyed by mature oilfields, offshore drilling infrastructure, and well-established regulatory frameworks that mandate rigorous well-control systems. Asia Pacific is projected to register the fastest growth during the forecast period, fueled by rising exploration activities in deepwater areas, emerging energy markets, and industrial expansion in countries like China and India. Europe continues to maintain steady growth due to stringent safety regulations and modernization of legacy oilfields, whereas the Middle East & Africa and Latin America demonstrate significant opportunities in new and expanding drilling projects, particularly in offshore and remote locations.

Major market players included in this report are:

Schlumberger Limited
Halliburton Company
Baker Hughes Company
NOV Inc.
Aker Solutions
Weatherford International
Cameron International
Drillmec S.p.A.
MHWirth AS
Rotork PLC
FMC Technologies
National Oilwell Varco
Schlumberger Wireline & Testing
GE Oil & Gas
ABB Ltd.

Global Blowout Preventer Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is structured to integrate both qualitative and quantitative insights within the countries evaluated, providing a comprehensive understanding of growth drivers, market challenges, and regulatory influences. It also highlights emerging micro-market opportunities for stakeholders and presents a detailed competitive landscape with strategic analysis of key players. The detailed segments and sub-segments of the market are outlined above.

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Blowout Preventer Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Blowout Preventer Market Forces Analysis

3.1. Market Forces Shaping The Global Blowout Preventer Market (2024-2035)
3.2. Drivers
- 3.2.1. rising exploration and production activities
- 3.2.2. the resurgence in crude oil prices
3.3. Restraints
- 3.3.1. Shortage Of Skilled Professionals
3.4. Opportunities
- 3.4.1. gradual transition toward renewable energy

Chapter 4. Global Blowout Preventer Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Blowout Preventer Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Blowout Preventer Market Performance - Potential Analysis (2025)
5.3. Annular Blowout Preventers
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Ram Blowout Preventers
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Hybrid Blowout Preventers
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Blowout Preventer Market Size & Forecasts by End-Use 2025-2035

6.1. Market Overview
6.2. Global Blowout Preventer Market Performance - Potential Analysis (2025)
6.3. Oil & Gas
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Geothermal
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Mining
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Blowout Preventer Market Size & Forecasts by Region 2025-2035

7.1. Growth Blowout Preventer Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Blowout Preventer Market
- 7.3.1. U.S. Blowout Preventer Market
  - 7.3.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.3.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Blowout Preventer Market
  - 7.3.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.3.2.2. End-Use breakdown size & forecasts, 2025-2035
7.4. Europe Blowout Preventer Market
- 7.4.1. UK Blowout Preventer Market
  - 7.4.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Blowout Preventer Market
  - 7.4.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.2.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.3. France Blowout Preventer Market
  - 7.4.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.3.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Blowout Preventer Market
  - 7.4.4.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.4.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Blowout Preventer Market
  - 7.4.5.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.5.2. End-Use breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Blowout Preventer Market
  - 7.4.6.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.6.2. End-Use breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Blowout Preventer Market
- 7.5.1. China Blowout Preventer Market
  - 7.5.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.2. India Blowout Preventer Market
  - 7.5.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.2.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Blowout Preventer Market
  - 7.5.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.3.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Blowout Preventer Market
  - 7.5.4.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.4.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Blowout Preventer Market
  - 7.5.5.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.5.2. End-Use breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of APAC Blowout Preventer Market
  - 7.5.6.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.6.2. End-Use breakdown size & forecasts, 2025-2035
7.6. Latin America Blowout Preventer Market
- 7.6.1. Brazil Blowout Preventer Market
  - 7.6.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.6.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Blowout Preventer Market
  - 7.6.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.6.2.2. End-Use breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Blowout Preventer Market
- 7.7.1. UAE Blowout Preventer Market
  - 7.7.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.1.2. End-Use breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Blowout Preventer Market
  - 7.7.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.2.2. End-Use breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Blowout Preventer Market
  - 7.7.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.3.2. End-Use breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Schlumberger Limited
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Halliburton Company
8.4. Baker Hughes Company
8.5. NOV Inc.
8.6. Aker Solutions
8.7. Weatherford International
8.8. Cameron International
8.9. Drillzmec S.p.A.
8.10. MHWirth AS
8.11. Rotork PLC
8.12. FMC Technologies
8.13. National Oilwell Varco
8.14. Schlumberger Wireline & Testing
8.15. GE Oil & Gas
8.16. ABB Ltd.