Pressure Control Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Pressure Control Equipment Market Trends and Forecast

The future of the global pressure control equipment market looks promising with opportunities in the offshore and onshore markets. The global pressure control equipment market is expected to reach an estimated $9.9 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are the increasing exploration and production of uncommon oil and gas resources and rising demand for advanced technology and equipment so as to improve the efficiency of exploration activities.

A more than 150-page report is developed to help in your business decisions.

Pressure Control Equipment Market by Segment

The study includes trends and forecast for the global pressure control equipment market by type, component type, application, and region.

Pressure Control Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Wireline Pressure Control
• Coiled Tubing Pressure Control Equipment

Pressure Control Equipment Market by Component Type [Shipment Analysis by Value from 2018 to 2030]:

• Flow Control Valves
• Flow Control Treating Iron
• Flow Control Adapter & Flange
• Flow Control Surface Crossover
• Wellhead Equipment
• Control Head
• Christmas Tree
• Quick Unions
• Coiled Tubing WPCE
• Others

Pressure Control Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Offshore
• Onshore

Pressure Control Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Pressure Control Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, pressure control equipment companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pressure control equipment companies profiled in this report include-

• Baker Hughes
• Brace Tool
• Control Flow
• Hunting
• Lee Specialties
• National Oilwell Varco
• Schlumberger Limited
• The Weir Group
• Tis Manufacturing
• Weatherford International

Pressure Control Equipment Market Insights

Lucintel forecasts that wireline pressure control equipment segment will remain the largest segment over the forecast period.

Within this market, onshore will remain the largest segment.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Pressure Control Equipment Market

Market Size Estimates: Pressure control equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Pressure control equipment market size by type, component type, application, and region. in terms of value ($B).

Regional Analysis: Pressure control equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, component types, applications, and region.s for the pressure control equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pressure control equipment market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the pressure control equipment market size?

Answer: The global pressure control equipment market is expected to reach an estimated $9.9 billion by 2030.

Q.2. What is the growth forecast for pressure control equipment market?

Answer: The global pressure control equipment market is expected to grow with a CAGR of 5.8% from 2024 to 2030

Q.3. What are the major drivers influencing the growth of the pressure control equipment market?

Answer: The major drivers for this market are the increasing exploration and production of uncommon oil and gas resources and rising demand for advanced technology and equipment so as to improve the efficiency of exploration activities.

Q.4. What are the major segments for pressure control equipment market?

Answer: The future of the global pressure control equipment market looks promising with opportunities in the offshore and onshore markets.

Q.5. Who are the key Pressure Control Equipment companies?

Answer: Some of the key pressure control equipment companies are as follows:

• Baker Hughes
• Brace Tool
• Control Flow
• Hunting
• Lee Specialties
• National Oilwell Varco
• Schlumberger Limited
• The Weir Group
• TIS Manufacturing
• Weatherford International

Q.6. Which pressure control equipment market segment will be the largest in future?

Answer: Lucintel forecasts that wireline pressure control equipment segment will remain the largest segment over the forecast period.

Q.7. In pressure control equipment market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the pressure control equipment market by type (wireline pressure control and coiled tubing pressure control equipment), component type (flow control valves, flow control treating iron, flow control adapter & flange, flow control surface crossover, wellhead equipment, control head, christmas tree, quick unions, coiled tubing wpce, and others), application (offshore and onshore), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?